Macy’s gains after Berkshire Hathaway purchase; tariff worries persist
Berkshire Hathaway has taken a new stake in Macy’s valued at roughly $55 million, sending the retailer’s shares up in late trading. Macy’s added 5.9% after hours after Berkshire said in its quarterly filing it held about 3.04 million shares across two spots. Traders saw someone betting on the struggling chain.