Here’s a look at the markets for May 18, 2018…
The Nikkei is up 121 points today in trading in Japan.
The Dow gained 2.5 points at the close Wednesday.
The Nasdaq is up 47.
A robust earnings report from Macy’s has some questioning if the retail sector is really dead.
The department store giant says sales were up over 4-percent in the first three months of this year.
Macy’s has been restructuring lately, reducing its headcount and closing underperforming stores.
The company believes it may have found a way to survive in the age of amazon.
The president and chief executive of Bumble-Bee foods is now facing criminal charges in California.
Chris Lischewski has been indicted in connection with a tuna price-fixing scheme.
Bumble-Bee the company has already pleaded guilty to the charge.
Lischewski’s lawyer says he’s innocent.
And more evidence that Netflix isn’t just competing with traditional broadcast and cable outlets, it’s taking n Hollywood itself.
This year, it’s aiming to put out no less than 86 original movies on its service.
That’s more than the four biggest U.S. film studios are expected to release in 2018 – combined.