Macy’s

The NFL is expanding internationally with the 49ers-Rams game in Australia. U.S. stock futures indicate a weak opening due to geopolitical tensions, monetary policy, and earnings. Key investor focus includes: Brent crude exceeding $100 amid Iran tensions, Apple launching its foldable iPhone and AI advancements, the Treasury’s $6 billion debt buyback plan, Macy’s resilience despite retail challenges, and Hollywood’s record box office driven by higher ticket prices. President Trump pledged a $5,000 dividend to adults if Republicans win the midterms.

Macy’s, Inc. announced early results of its cash tender offer, increasing the maximum amount to $250 million. The offer targets outstanding notes and debentures, prioritizing retirement based on a predetermined hierarchy. Early tenders exceeded the initial target, and Macy’s will accept specific amounts of each series. The Early Settlement Date is set for July 29, 2025. The company plans to use proceeds from a new senior notes offering and existing cash to fund the buyback, redeem other debt, and cover related expenses.