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US composite PMI at lowest since February 2021; Zoom tumbles on weak forecast; Macy's shares rise on earnings beat
Macy's has informed its tech vendors of a 10-15 per cent cut in the IT budget for this year amid fears of a recession, a move that may hurt IT companies. Read more on this in our top headlines
Macy's is among the first US retailers to announce spending cuts
A few taps on a screen or a handful of words heard by a smart speaker and within a couple days, maybe hours, packages arrive.
Company has announced that it will be closing 68 stores
The store has been serving India through its website for the past two years
