Stock Movers Macy's Reports; Google Ruling Boosts Tech; Starbucks Announcement
Sep 3, 2025
Macy's reports stellar earnings, raising its annual outlook despite a cautious consumer prediction for the second half. Google celebrates a court victory that keeps its business intact, with major implications for Big Tech and AI in search. Meanwhile, Starbucks is set to launch protein-boosted lattes and cold foam, aiming to modernize its menu. These developments spotlight the shifting dynamics in retail and tech, showcasing resilience and innovation in challenging times.
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Court Ruling Averts Google Breakup
- Judge rejected government's biggest breakup proposals against Google while recognizing AI's threat to search.
- The ruling forces some concessions like data sharing and ending exclusive distribution deals but avoids a forced Chrome sale.
AI Framed As A Search Threat
- The judge noted AI models and generative chatbots are becoming de facto search engines and threaten incumbents.
- That recognition influenced a more moderate remedy than the government sought.
Default Search Deals Remain Intact
- The ruling preserves Google's ability to pay partners, which materially benefits Apple via default search agreements.
- That preserves a major revenue stream tied to default search placements on phones.