December 11, 2023

Markets Now 12/11

Macy’s shares soar on report of buyout offer

Shares of Macy’s soared more than 17% early Monday on a Wall Street Journal report that the iconic 165-year old retailer closely associated with the holiday season might itself be bought.  
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Analysis: Oil prices have been falling for seven weeks straight. Here’s why

US oil prices notched their seventh straight week of declines on Friday, marking their longest losing streak in five years.  
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Harvard Alumni Association ‘unanimously and unequivocally’ supports Claudine Gay

The Executive Committee of Harvard University’s Alumni Association on Monday announced their unreserved support for President Claudine Gay. Gay also received strong support from the Harvard community, which could mean she will keep her job.  
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Analysis: How Harvard, Penn and MIT’s presidents made such a fatal error in their free speech defense

It’s lesson one in just about any Comms 101 lecture: Know your audience. The university leaders who testified last week before a combative rabid congressional panel could have used a refresher course.  
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Harvard antisemitism hearing: Why Claudine Gay still has a job after Penn’s Liz Magill ouster

Claudine Gay, Harvard University’s embattled president, has strong institutional backing as she faces a flurry of criticism over her handling of alleged antisemitism at one of the nation’s most prestigious universities.  
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Soho House has stopped accepting new members in some cities after getting too popular

Soho House has become so popular that it’s no longer admitting new members to access its clubs in three cities as it deals with complaints of overcrowding.  
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Source: CNN Business

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