Trump waives U.S. shipping law for 60 days to steady oil market

Maximum benefits are up 103%, but dark days loom.

President Donald Trump on Wednesday took the much-anticipated step of waiving a 1920 law known as the Jones Act in an effort to combat soaring prices for crude oil and other key commodities.

Macy’s stock surges as for the third straight quarter comparable sales rose from a year ago while analyst were expecting a decline.