The New York Post reported after the close Tuesday that Saks Inc. (SKS) has hired Goldman Sachs to explore strategic alternatives, including a possible sale of the company.
Saks gapped open sharply higher Wednesday and is now up 1.97 at $15.64 on strong volume. The stock has risen to its second consecutive new high for the year. Saks also reported better than expected earnings yesterda.
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Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.