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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

  • Jeremy Grantham Warns of Potential 70% Drop in U.S. Stocks Amid AI Bubble
    June 26, 2026, 9:28 AM EDT. Investor Jeremy Grantham cautioned that the ongoing surge in U.S. equities, driven by enthusiasm around artificial intelligence (AI), may represent the "biggest market bubble." Grantham warned of a potential crash with a downside of up to 70%, urging investors to consider exiting U.S. stocks to avoid significant losses. His comments highlight growing concerns about overvaluation in AI-related sectors and the broader U.S. market.

Latest News

ON Semiconductor drop hits Synaptics deal ahead of Nasdaq bell

ON Semiconductor drop hits Synaptics deal ahead of Nasdaq bell

26 June 2026
ON Semiconductor plunged 14.2% to $101.85 premarket after announcing an all-stock deal to buy Synaptics, wiping out about $6.6 billion in equity value—nearly matching the $7 billion enterprise value of the deal—while Synaptics jumped 4.5% as the fixed exchange ratio sharply reduced the offer’s spot value amid sector-wide weakness.
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