'OpenAI Cuts Off Adobe, Others From Advertising Some Competing AI Products in ChatGPT'- The Information
https://www.theinformation.com/articles/openai-cuts-adobe-others-advertising-competing-ai-products-chatgpt
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Macy’s, Adobe, Oracle and RH report earnings Thursday. See the options-implied moves, analyst expectations and key trends investors are watching.
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https://www.theinformation.com/articles/openai-cuts-adobe-others-advertising-competing-ai-products-chatgpt
Analysts expect Adobe to report third-quarter revenue of $6.69 billion, up from $5.99 billion in last year’s third quarter.
Options markets are pricing big earnings moves for nine stocks, led by AeroVironment, American Eagle, RH, Oracle and other major names.
Berkshire Hathaway deployed $31 billion of its massive cash pile in Q2 2026, marking a significant shift after years of accumulation. CEO Greg Abel made major investments in Alphabet ($17 billion), increased positions in Delta Air Lines and Macy's, and resumed share buybacks with $4.5 billion spent on Berkshire's own stock. While most of the $366 billion cash balance remains undeployed, the company's willingness to invest suggests a more opportunistic stance going forward.
Wall Street analysts forecast Macy's Q2 earnings of $0.37 per share, representing a 9.8% year-over-year decline, with revenues expected at $4.82 billion, up just 0.2%. The company faces mixed performance across segments, with women's accessories and credit card revenues showing modest growth while home/other sales are projected to decline 7.2%. Store count is expected to continue declining, with total Macy's locations falling from 449 to 432.