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Musk: Teslas electric semi-truck will begin mass production this year.February 9th - Goldman Sachs trading arm stated that after a rebound in U.S. stocks last Friday, almost recovering the weeks brutal losses, this week will face further selling pressure from trend-following algorithmic funds. The S&P 500 has broken through a short-term trigger point, prompting commodity trading advisors (CTAs) to sell stocks. Goldman Sachs expects these systematic strategies, which track stock market movements rather than fundamental factors, to remain net sellers in the coming week, regardless of market direction. Goldman Sachs stated that if the stock market falls again, it could trigger approximately $33 billion in selling this week. If market pressure persists and the S&P 500 falls below 6707 points, there could be as much as $80 billion in systemic selling over the next month. In a stable market environment, CTAs are expected to sell approximately $15.4 billion in U.S. stocks this week, and even if the stock market rises, these funds are still expected to sell approximately $8.7 billion.February 9th - Goldman Sachs trading arm stated that after a rebound in U.S. stocks last Friday, almost recovering the weeks brutal losses, this week will face further selling pressure from trend-following algorithmic funds. The S&P 500 has broken through a short-term trigger point, prompting commodity trading advisors (CTAs) to sell stocks. Goldman Sachs expects these systematic strategies, which track stock market movements rather than fundamental factors, to remain net sellers in the coming week, regardless of market direction. Goldman Sachs stated that if the stock market falls again, it could trigger approximately $33 billion in selling this week. If market pressure persists and the S&P 500 falls below 6707 points, there could be as much as $80 billion in systemic selling over the next month. In a stable market environment, CTAs are expected to sell approximately $15.4 billion in U.S. stocks this week, and even if the stock market rises, these funds are still expected to sell approximately $8.7 billion.US President Trump: The US election is full of fraud and theft, and has become a laughing stock around the world.Market news: Multiple explosions were heard in Kyiv, the capital of Ukraine.

As The Company Seeks A Buyer, Kohl's Loses Two Senior Executives

Aria Thomas

May 19, 2022 09:59

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Kohl's Corp (NYSE:KSS) announced on Wednesday that two of its senior executives are resigning, as the U.S. department store operator searches for a buyer amidst pressure from activist investors to sell itself.


In extended trading, shares of the business slid 3.6% to $41.4. Chief Marketing Officer Greg Revelle will leave Kohl's in June, while Chief Merchandising Officer Doug Howe will retire immediately.


The U.S. department store chain said via email that Revelle and Howe are leaving the company to pursue other possibilities and that a hunt for their replacements has already begun.


In recent months, activist investors Macellum Advisors GP LLC and Engine Capital LP have requested that Kohl's sell itself.


The company's stockholders rejected moves by Macellum Advisors to replace ten board members last week.

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