Macy's and Costco sound a warning about the economy

View in Browser June 1, 2023 Dow 33,061.57 0.47% S&P 500 4,221.02 0.99% NASDAQ 13,100.98 1.28% Last updated June 1 at 4:59 PM ET     Macy's and Costco sound a warning about the economy Macy's, Costco and other big chains say shoppers are pulling back at their stores and changing what they buy. That could be a red flag for the US economy.    Read full article   The Fed can't figure out what's happening with the job market Policymakers at the Federal Reserve signaled last month that they were considering a pause in their 14-month long regimen of hiking interest rates to cool the economy and bring down inflation.    Read full article   JPMorgan is closing 25% of First Republic's branches JPMorgan Chase is pulling the plug on 21 branches acquired during its takeover of failed regional bank First Republic.    Read full article   Florida's homeowner insurance rates are four times the national average. That's not getting better anytime soon Hurricane season officially starts Thursday. But no matter how many storms hit Florida this year, the state's residents are already struggling as they try to get homeowners' insurance.    Read full article   Dollar General shareholders vote to review safety policies after 49 deaths in a decade Dollar General investors approved a resolution Wednesday to create an independent audit of the chain's safety policies because of violence at stores and millions of dollars in fines for workplace safety violations.    Read full article   Diddy is suing the co-owner of his tequila for racial discrimination Sean "Diddy" Combs is suing Diageo for racial discrimination, claiming that the spirits company that produces DeLeón — the tequila he co-owns with the company — failed to market DeLeón on par with its other brands, including Don Julio and George Clooney's Casamigos brands.    Read full article   Today's movers UCAR 7.59 144.05% U Power Limited TYGO 21.52 83.62% Tigo Energy, Inc. LE 8.30 32.38% Lands' End, Inc. DZSI 3.82 36.23% DZS Inc. GBRG 32.30 24.97% SunCar Technology Group Inc. Class A IPDN 2.90 24.08% Professional Diversity Network, Inc. Last updated June 1 at 4:00 PM ET Have feedback? We'd love to hear from you. Send your questions and feedback to marketsnow@cnn.com MARKETS NOW You are receiving this email because you signed up for updates from Markets Now.   No longer want to receive these updates? Unsubscribe. Interested in more? See all of our newsletters.   Create CNN Account | Listen to CNN Audio | Download the CNN App    ® © 2023 Cable News Network, Inc. A Warner Bros. Discovery Company. All Rights Reserved. One CNN Center Atlanta, GA 30303