Here are some of the major companies whose stocks moved on the week’s news

Macy’s

Macy’s turnaround is starting to show results.

Same-store sales at the department-store chain grew for the first time since 2022. The company also lifted its annual outlook.

Chief Executive Tony Spring, who took the helm in 2024, has led the effort by making changes large and small, such as closing a chunk of Macy’s stores, adding more staff to fitting rooms and adding new brands.

Challenges still lie ahead for Macy’s, as the yearslong department-store decline meets fresh tariff-related price increases. Spring said that despite resilient demand in the second quarter, he remains cautious about the rest of the year.

Macy’s shares surged 21% Wednesday.

Constellation Brands 

The stars aren’t aligning for Constellation Brands’ outlook for this year.

The importer of Modelo and Corona beers slashed its fiscal-year outlook for beer sales as widespread consumer weakness, including among its core Hispanic demographic, continued to weigh on demand.

The company on Tuesday said shoppers have had to cut back on high-end beer as they make fewer trips to the store and tighten their spending.

Chief Executive Bill Newlands said these trends are particularly evident among Hispanic consumers, a group that executives earlier this year noted was pulling back amid fears of immigration crackdowns.

Constellation shares dropped 6.6% Tuesday.

Kraft Heinz 

Kraft Heinz plans to split its business into two, the latest corporate breakup to unwind a megamerger in the food and beverage industry.

The breakup would create one global company that is focused on sauces, spreads and seasonings—with brands including Heinz ketchup, Philadelphia cream cheese and Kraft Mac & Cheese—and a second that would sell grocery staples in North America—with brands such as Oscar Mayer, Kraft Singles and Lunchables. 

The transaction undoes much of the 2015 merger of Kraft and Heinz. Other industry giants have been making similar moves. Keurig Dr Pepper is unwinding the 2018 transaction that united the coffee maker and beverage company. Kellogg in 2023 split into two companies, one focused on snacks and the other on cereal.

Kraft Heinz shares dropped 7% Tuesday.

Alphabet 

Alphabet’s Google dodged the worst penalties in its antitrust case.

U.S. District Judge Amit P. Mehta on Tuesday said Google can’t pay to be the exclusive search engine on devices and browsers, but allowed its existing arrangement with Apple to continue.

Google pays Apple more than $20 billion a year to be the Safari browser’s default search provider. Last year, Mehta ruled that Google acted illegally to monopolize the search market, including in its distribution agreements with Apple and other companies.

In deciding to permit those payments to Apple, Mehta on Tuesday wrote that barring them would likely lead to 「fewer products and less product innovation from Apple.」

Alphabet shares rose 9.1% Wednesday to a record, while Apple shares gained 3.8%.

American Eagle Outfitters 

American Eagle Outfitters expects a sales boost from its latest marketing campaigns featuring actress Sydney Sweeney and football player Travis Kelce.

Chief Marketing Officer Craig Brommers said on an earnings call Wednesday that the collaboration with Sweeney has given its brand and business a reset. The company also said it is benefiting from a separate collaboration with Kelce, announced shortly after he and pop star Taylor Swift made headlines with their engagement in late August.

Its Sweeney campaign, called 「Sydney Sweeney Has Great Jeans,」 has generated attention and controversy since its introduction on July 23. Some people criticized its sexualized approach, and some said the pun on 「great genes」 with Sweeney as the sole example glorified blond hair and blue eyes. 

American Eagle shares jumped 38% Thursday.

Tesla

Tesla is asking investors to approve a pay package worth as much as $1 trillion for Chief Executive Elon Musk.

Over the course of a decade, Musk would receive Tesla shares in segments dependent on the company hitting milestones such as a $8.5 trillion market cap, according to a financial filing published Friday.

The maximum payout would represent a 12% stake in Tesla. At an $8.5 trillion market value, such a stake would be worth slightly more than $1 trillion.

The electric-car maker’s current market value is just over $1 trillion.

Shareholders will vote on the proposal on Nov. 6.

Tesla shares rose 3.6% Friday.