The New York Post reported Tuesday that Saks Inc. (SKS) has hired Goldman Sachs to explore strategic alternatives, including a possible sale of the company. The stock is now up 2.53 on 3 million shares after the bell.
Saks gapped open higher Tuesday and climbed until mid-morning, following its better than expected earnings report. The stock finished up by 1.39 at $13.67 on the highest volume of the year. Saks surged to a new high for the year.
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May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.