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Employees hide $154 million in accounts. Macy's said that internal control was ineffective. On Thursday, Macy's said that a reassessment of its financial situation showed that as of February this year, the internal control (including proper record maintenance) of the chain department store was not effective. The retailer launched an evaluation at the end of November after discovering that an employee had concealed as much as $154 million in expenses for many years. Therefore, the company postponed the release of the third quarter earnings report until December 11th. Macy's said that under the supervision of the board of directors, Tony Spring, its CEO, and Adrian Mitchell, its chief financial officer, re-evaluated the effectiveness of internal control, and pointed out that its financial report was not effective as of February 3 due to major defects. The department store chain said that it is implementing changes to improve internal control and make up for major defects.Broadcom's share price rose more than 10% after the US market closed. In the news, Broadcom's fourth-quarter profit was better than expected, and the demand for artificial intelligence boosted growth.US National Security Adviser Sullivan: I believe that the Gaza agreement may be reached soon. US National Security Adviser Sullivan said on Thursday that he believes that an agreement on a ceasefire and the release of hostages in Gaza may be reached soon, because Israel has indicated that it is ready and Hamas has shown signs of action.

Tianmao Group: The premium income of Guohua Life Insurance in 2024 was about 32.694 billion yuan. Tianmao Group announced that the accumulated original insurance premium income of Guohua Life Insurance Co., Ltd., a holding subsidiary of the company, was about 32.694 billion yuan from January 1, 2024 to November 30, 2024. The above-mentioned original insurance premium income data has not been audited.Employees hide $154 million in accounts. Macy's said that internal control was ineffective. On Thursday, Macy's said that a reassessment of its financial situation showed that as of February this year, the internal control (including proper record maintenance) of the chain department store was not effective. The retailer launched an evaluation at the end of November after discovering that an employee had concealed as much as $154 million in expenses for many years. Therefore, the company postponed the release of the third quarter earnings report until December 11th. Macy's said that under the supervision of the board of directors, Tony Spring, its CEO, and Adrian Mitchell, its chief financial officer, re-evaluated the effectiveness of internal control, and pointed out that its financial report was not effective as of February 3 due to major defects. The department store chain said that it is implementing changes to improve internal control and make up for major defects.Australia's S&P/ASX200 index opened down 66.80 points, or 0.80%, at 8263.50 points on Friday, December 13th.

Debon Securities: Contemporary Amperex Technology Co., Limited has deepened its sea going, strengthened its globalization and maintained its "buy" rating. Debon Securities Research Report pointed out that Contemporary Amperex Technology Co., Limited (300750.SZ) plans to establish a joint venture with STELLANTIS in Spain, with an estimated total investment of 4.038 billion euros. This project will deepen the long-term strategic cooperative relationship between Contemporary Amperex Technology Co., Limited and Stellantis, the world's leading automobile manufacturer, in the field of new energy vehicles, and promote the global electrification and clean energy transformation by giving full play to their respective leading advantages and resources. Considering that the company is the industry leader, its supply chain integration ability is excellent, and the iteration of new products is accelerated, maintaining the "buy" rating.Boeing: I'm afraid the new version of Air Force One will not be in place until 2029 at the earliest.Broadcom said that the company focuses on the application of cash to repay debts.