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Ageas Completes €1.1 Billion Sale of Maybank Ageas Stake to Maybank
The disposal gives Ageas a €464 million net capital gain after tax and leaves Maybank with full ownership of the Etiqa holding company.
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UK Economy Grows 0.4% in July as Services Lead Expansion
Services output rose 0.4% as administrative support and information technology led gains, while production and construction also edged higher.
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U.S. Producer Prices Rise 0.4% in August, Annual PPI Reaches 5.4%
Energy prices drove most of the goods increase, while PPI excluding food, energy and trade services rose 0.3% and was up 4.7% from a year earlier.
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Nasdaq to Invest $100 Million in Kraken Parent Payward as Tokenized-Equities Partnership Expands
Nasdaq Ventures agreed to invest $100 million in Payward, the parent of Kraken, while the companies widened their tokenized-equities work and added a market-surveillance agreement.
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Macy’s Raises 2026 Outlook After Q2 Comparable Sales Rise 2.7%
Companywide comparable sales rose 2.7% in the second quarter, led by double-digit growth at Bloomingdale’s, as Macy’s lifted its sales and earnings guidance for 2026.
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U.S. Existing-Home Sales Fall 2% in August as Months’ Supply Hits Decade High
Existing-home sales slowed to a 3.98 million annual pace in August, while 4.9 months of available supply gave buyers more room to negotiate despite higher prices.
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Designer Brands Raises 2026 Outlook as Q2 Gross Margin Expands to 50%
Designer Brands lifted its full-year sales and adjusted EPS guidance after Q2 reported gross margin reached 50%, even as net sales fell 1.2%.
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U.S. Wholesale Sales Rise 0.8% in July as Inventories Climb 1.3%
Merchant wholesalers held $958.9 billion of inventory at month-end, while the inventories-to-sales ratio stood at 1.20 versus 1.28 a year earlier.
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Shoe Station Group Cuts 2026 Outlook as Q2 Sales and Gross Margin Fall
The footwear retailer lowered its full-year sales and adjusted earnings ranges after second-quarter comparable sales fell 7.1% and gross margin contracted by 690 basis points.
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Lovesac Swings to Q2 Profit as Gross Margin Reaches 68.4%
Tariff refunds lifted reported profitability as Lovesac returned to net income in its fiscal second quarter, though underlying gross margin was lower without the one-time benefit.