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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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.