Name: Macy's (M) Plunges Off Delayed Earnings, Homebuilder Downgrades
Uploaded: 2024-12-11T15:35:22.082-06:00
Duration: 10 min 2 s
Description: Barclays downgraded four homebuilding companies over concerns the construction market could be hitting a new ceiling. Macy's (M) sold off after the company reported earnings, which were delayed due to an accounting employee creating $151 million in false bookkeeping entries. George Tsilis weighs the good and bad behind this morning's top movers.

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Barclays downgraded four homebuilding companies over concerns the construction market could be hitting a new ceiling. Macy's (M) sold off after the company reported earnings, which were delayed due to an accounting employee creating $151 million in false bookkeeping entries. George Tsilis weighs the good and bad behind this morning's top movers.

Macy's (M) Plunges Off Delayed Earnings, Homebuilder Downgrades

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