#stock-surge

#stock-surge

The company's solid quarter can be largely attributed to its turnaround efforts and major cost cutting measures, including store closures and workforce reductions. Earlier this year, the department store closed 27 stores across the country, and saw a 10% reduction of its corporate workforce. The company's turnaround efforts include a reassessment of its assortment of products, as well as introducing more coupons for branded items.

The Trump administration is exploring a potential equity stake in Intel, which could reshape U.S. semiconductor policy and sparked a 7% rise in INTC stock.