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TSX:HBC 1 February 2026

Saks Off 5th liquidation sales begin as Saks Global moves to close 57 stores

Saks Off 5th liquidation sales begin as Saks Global moves to close 57 stores

Saks Global has begun closing sales at 34 Saks Off 5th stores, with 23 more set to shut by Feb. 2, leaving 12 outlets open. The company, in Chapter 11 bankruptcy, is also closing all Neiman Marcus Last Call locations. Gift cards and rewards now have new expiration dates, and all closing-sale purchases are final. Saks is halting new gift card sales and winding down its Off 5th online operations.
1 February 2026

Stock Market Today

  • Lime Files for IPO; Uber Remains a Stronger Investment
    May 16, 2026, 10:35 AM EDT. Electric scooter and e-bike company Lime filed for an initial public offering (IPO) under ticker LIME with the U.S. SEC, citing significant market growth potential. Lime's revenue rose from $686.6 million in 2024 to $886.7 million in 2025, but the company faces liquidity concerns with $675.8 million in debt payments due by end-2025 and insufficient cash reserves. Uber Technologies, a major Lime investor and partner accounting for 14.3% of Lime's 2025 revenue, stands to benefit from Lime's growth but controls a far larger market through its $52 billion rideshare and delivery business. Uber's broader exposure and plans to enter the $415 billion robotaxi market by 2035, as forecast by Goldman Sachs, position it as a more resilient investment amid Lime's IPO uncertainties.

Latest articles

Devon Energy Stock’s Friday Surge Sets Up a Big Monday Test

Devon Energy Stock’s Friday Surge Sets Up a Big Monday Test

16 May 2026
Devon Energy shares surged 4.76% to $49.49 Friday, outperforming peers as crude prices climbed and investors reacted to its completed Coterra merger. The company announced an $8 billion buyback and raised its dividend to $0.320 per share. U.S. crude settled at $105.42 a barrel. Devon reported first-quarter net earnings of $120 million and $1.7 billion in operating cash flow.
Starbucks Stock Faces Monday Breakout Test After $400 Million Layoff Shock

Starbucks Stock Faces Monday Breakout Test After $400 Million Layoff Shock

16 May 2026
Starbucks will cut 300 U.S. corporate jobs and close several regional support offices, part of its “Back to Starbucks” turnaround plan. The company expects $400 million in restructuring charges, mostly non-cash write-downs. Shares closed Friday at $106.82, near a 52-week high, after reporting 6.2% global comparable sales growth last quarter. The cuts do not affect cafe workers.
NextEra Shares Face Monday After $400 Billion Dominion Report Over Weekend

NextEra Shares Face Monday After $400 Billion Dominion Report Over Weekend

16 May 2026
NextEra Energy shares fell 2.42% to $93.36 Friday after reports of possible merger talks with Dominion Energy, a deal that could value the combined utility at about $400 billion including debt. Both companies declined to comment. Dominion closed at $61.73, down 2%. Investors await any official statements or deal terms before markets reopen Monday.
Atlassian Shares Jump 8% on Friday, Eyes on Monday for AI Interest

Atlassian Shares Jump 8% on Friday, Eyes on Monday for AI Interest

16 May 2026
Atlassian shares jumped 8.16% to $87.46 Friday but ended the week down 4.5%. Truist Securities reiterated a Buy rating and $100 target after the Team 26 event, citing AI monetization as a key issue. Nasdaq regular trading resumes Monday. Atlassian last posted a fiscal Q3 revenue gain of 32% year-over-year to $1.787 billion but reported a GAAP operating loss of $56.3 million.
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