{"id":71624,"date":"2026-09-10T08:08:12","date_gmt":"2026-09-10T12:08:12","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/macys-beats-q2-estimates-iaea-reports-nuclear-safeguards-crisis-in-iran\/71624\/"},"modified":"2026-09-10T08:08:12","modified_gmt":"2026-09-10T12:08:12","slug":"macys-beats-q2-estimates-iaea-reports-nuclear-safeguards-crisis-in-iran","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/macys-beats-q2-estimates-iaea-reports-nuclear-safeguards-crisis-in-iran\/71624\/","title":{"rendered":"Macy\u2019s Beats Q2 Estimates; IAEA Reports Nuclear Safeguards Crisis in Iran"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>Macy\u2019s (<a href=\"\/stock\/M\">M<\/a>) reported a significant Q2 earnings beat<\/strong>, with adjusted EPS of <strong>$0.63<\/strong> (vs. <strong>$0.36<\/strong> estimate) and raised its full-year guidance for both sales and profit.<\/li>\n<li><strong>The IAEA Board of Governors referred Iran to the UN Security Council<\/strong> for the first time in 20 years, citing a total loss of &quot;continuity of knowledge&quot; regarding Tehran\u2019s nuclear program.<\/li>\n<li><strong>The Kremlin reaffirmed its policy of destroying vessels<\/strong> transporting ammunition for Ukraine in the <strong>Black Sea<\/strong>, escalating maritime risks for commercial shipping.<\/li>\n<li><strong>Russia and India are set to discuss digital currency trade settlements<\/strong> at the upcoming <strong>BRICS+ summit<\/strong> in New Delhi to bypass Western-led financial systems like SWIFT.<\/li>\n<\/ul>\n<h2>Retail Sector: Macy\u2019s Outperforms on Strategic Turnaround<\/h2>\n<p>Macy\u2019s (<a href=\"\/stock\/M\">M<\/a>) delivered a strong second-quarter performance, driven by its &quot;Bold New Chapter&quot; transformation strategy and a <strong>2.7%<\/strong> increase in comparable sales. The retailer\u2019s adjusted EPS of <strong>$0.63<\/strong> crushed Wall Street estimates of <strong>$0.36<\/strong>, while net sales reached <strong>$4.87 billion<\/strong>, slightly exceeding expectations.<\/p>\n<p>Management raised its full-year 2026 outlook, now projecting net sales between <strong>$21.68 billion and $21.83 billion<\/strong>. The company also benefited from <strong>$116 million<\/strong> in tariff refunds, which it plans to reinvest into store modernizations and customer experience enhancements. <em>Analysts noted that the strong performance at luxury nameplates Bloomingdale\u2019s and Bluemercury was a key driver of the quarter&#39;s success.<\/em><\/p>\n<h2>Geopolitics: IAEA Signals Nuclear Oversight Failure in Iran<\/h2>\n<p>The International Atomic Energy Agency (IAEA) warned on Thursday that it has lost the ability to verify the peaceful nature of Iran\u2019s nuclear activities. The agency stated it does not expect a resumption of inspections in the near term, leading the <strong>IAEA Board of Governors<\/strong> to formally refer the matter to the <strong>UN Security Council<\/strong>.<\/p>\n<p>This diplomatic escalation follows reports that Iran has blocked access to several key facilities, preventing in-field verification for over a year. <em>The move marks a critical breakdown in international non-proliferation efforts, as Western officials express mounting concern over Iran&#39;s stockpile of highly enriched <a href=\"https:\/\/stockmarketwatch.com\/metal\/uranium\" data-internallinksmanager029f6b8e52c=\"13\" title=\"Uranium\">uranium<\/a>.<\/em><\/p>\n<h2>Global Conflict: Russia Intensifies Black Sea Maritime Threats<\/h2>\n<p>The Kremlin announced on Thursday that Russian forces will continue to target and destroy any vessels in the <strong>Black Sea<\/strong> suspected of transporting military cargo for Ukraine. This statement follows recent Ukrainian strikes on Russian naval assets in <strong>Novorossiysk<\/strong>, which have forced much of the Russian fleet to relocate.<\/p>\n<p>The escalation has heightened risks for global shipping insurance and grain corridors. <em>Moscow maintains that these actions are necessary to disrupt Ukraine&#39;s military logistics, despite international condemnation regarding the safety of neutral commercial vessels.<\/em><\/p>\n<h2>Financial Innovation: BRICS+ to Explore Digital Currency Settlements<\/h2>\n<p>At the upcoming summit in New Delhi, <strong>President Vladimir Putin<\/strong> and other <strong>BRICS+<\/strong> leaders will prioritize discussions on trade settlements using digital currencies. The initiative, supported by the <strong>Reserve Bank of India<\/strong>, aims to link national <strong>Central Bank Digital Currencies (CBDCs)<\/strong> to facilitate cross-border payments.<\/p>\n<p>The move is part of a broader &quot;de-dollarization&quot; strategy intended to reduce reliance on the <strong>U.S. dollar<\/strong> and the <strong>SWIFT<\/strong> network. <em>While technical and regulatory hurdles remain, the proposal signals a deepening of financial integration among emerging economies seeking autonomy from Western financial sanctions.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways Macy\u2019s (M) reported a significant Q2 earnings beat, with adjusted EPS of $0.63 (vs. $0.36 estimate) and raised 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