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Macy's to hire 76,000 workers ahead of the holidays with about 28,000 jobs extending beyond the seasonExternal Link

Macy's Inc. said Tuesday that it plans to hire 76,000 full- and part-time workers for the namesake department store, Bloomingdale's and Bluemercury, as well as call, fulfillment and distribution centers. About 48,000 will be seasonal positions for the holidays, while the remaining positions, about 28,000 jobs, will extend beyond that period. The company says about 6,800 seasonal workers stayed on with the company that in 2020. About 21,200 of this year's jobs will be in fulfillment centers, including warehouse workers and forklift drivers. Most of these positions will be in select locations including Goodyear, Ariz., Sacramento, Calif. and Cheshire, Conn. A national hiring day for these roles will be held on Sept. 23. Macy's is looking for about 50,000 store workers, Bloomingdale's is looking for 4,100 and Bluemercury seeks 315. And Macy's Credit and Customer Service has 300 jobs to fill. Macy's stock has soared 92% for the year to date while the S&P 500 index has gained 16% for the period.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


Tue, 21 Sep 2021 20:58:28 GMT
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Dave & Buster's CEO Jenkins to retire next weekExternal Link

Dave & Buster's Entertainment Inc. said that Chief Executive Brian A. Jenkins will retire as top executive and member of the board of directors after Sept. 30. Jenkins will then become a senior adviser to the CEO until Nov. 30. The entertainment company's board has appointed Kevin M. Sheehan, the board's chair, as interim CEO until a permanent successor is named, the company said. Shares of Dave & Buster's dropped more than 4% in the extended session after ending the regular trading day down 1.6%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


Tue, 21 Sep 2021 20:41:03 GMT
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API data reportedly show a weekly decline of more than 6 million barrels in U.S. crude suppliesExternal Link

The American Petroleum Institute reported late Tuesday that U.S. crude supplies fell by 6.1 million barrels for the week ended Sept. 17, according to sources. The API also reportedly showed inventory declines of 432,000 barrels for gasoline and 2.7 million barrels for distillates. Crude stocks at the Cushing, Okla., storage hub, meanwhile, edged down by 1.7 million barrels for the week, sources said. Inventory data from the Energy Information Administration will be released Wednesday. On average, the EIA is expected to show crude inventories down by 3.8 million barrels, according to a survey of analysts conducted by S&P Global Platts. The survey also calls for supply declines of about 900,000 barrels for gasoline and 1.4 million barrels for distillates. November West Texas Intermediate crude was at $70.78 a barrel in electronic trading, after settling Tuesday at $70.49 on the New York Mercantile Exchange.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


Tue, 21 Sep 2021 20:38:49 GMT
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Dow ends slightly lower as stock-market bounce fizzlesExternal Link

Turnaround Tuesday turned out to be a dud for equities, with major indexes ending mostly lower after attempting an early bounce from the previous session's rout. The Dow Jones Industrial Average fell around 48 points, or 0.1%, to end near 33,922, after rising more than 340 points at its session high. The S&P 500 closed around 4 points lower, off 0.1%, near 4,354, while the Nasdaq Composite held on to a gain of around 32 points, or 0.2%, finish near 14,746.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


Tue, 21 Sep 2021 20:03:09 GMT
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Lucid Group stock rallies 13%, poised for best gain in nearly 5 monthsExternal Link

Shares of Lucid Group Inc. rallied more than 13% in late trading Tuesday, headed for their highest close since July 1, when it closed at $27.72, and on pace for the largest one-day percent increase since April 26, when they rose more than 16%. The stock has gained for five straight sessions, advancing more than 40% in the period. Electric-car maker Lucid, which went public in July, has picked up a few nods from Wall Street analysts in recent days, including a buy rating from B. of A. Securities last week. Lucid shares have gained 170% this year, compared with gains of around 16% for the S&P 500 index.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


Tue, 21 Sep 2021 19:33:04 GMT
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