M Aug 2024 18.000 call
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- Investor's Business Daily
Retailer Consolidation Is Shaking Up The Department-Store Industry. Amazon Gets Involved.
Consolidation activity amped up among department-store chains this week, with the parent-company of Saks Fifth Avenue officially cutting a $2.65 billion deal Thursday for Neiman Marcus. Amazon.com took a minority stake in the new entity. Meanwhile, two investment groups have increased their bid to take Macy's private.
- Investing.com
Stock Market Today: S&P 500 closes at record high as jobs data stoke Fed-cut bets
Investing.com-- The S&P 500 closed at record highs Friday on bets that Federal Reserve rate rate cuts may soon be on the horizon after the June monthly jobs report pointing to cooling in the labor market.
- Barrons.com
Macy’s Buyout Bid Gets Raised Again: Report
The group of investors looking to purchase the department store increased its offer by about $300 million.
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