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The Score: GM, Macy’s, Novo Nordisk and More Stocks That Defined the Week - WSJ

1. Macy's is investigating a $154 million accounting error by an employee. 2. The company delayed earnings report until December 11 for investigation details. 3. Preliminary figures align with forecasts, but shares fell 2.2% Monday. 4. KPMG audited the undisclosed erroneous accounting entries. 5. Macy's may face buyer scrutiny, impacting future investor confidence.

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FAQ

Why Bearish?

The accounting error raises concerns about internal controls, mirroring past issues in retail.

How important is it?

The issue is significant but may stabilize with forthcoming disclosures.

Why Short Term?

Investors are likely to react negatively until more information is released on December 11.

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