© Reuters. 4 Rumors Making Waves on Wall Street Today
By Investing.com Staff
Even as stocks struggle for signs of life ahead of tomorrow’s Fed , rumors continue to drive market action on Wall Street. Below are four rumors floated in trading rooms today:
1. Nordstrom (NYSE:) – The U.S. department store adopted a poison pill after a Mexican retailer El Puerto De Liverpool (BMV:) accumulated a 9.9% stake last week. Rumor has it that El Puerto de Liverpool is interested in something more than just the toehold in the U.S. retailer.
2. Gap (NYSE:): Amid its own internal struggles, Gap is said to be laying off 500 corporate employees, according to a report by The Wall Street Journal.
3. Warner Bros. Discovery (NASDAQ:): Warner Bros. Discovery is said to be an attractive takeover target for Comcast (NASDAQ:) given its lineup of live sports, The Streamable reported.
4. Peloton (NASDAQ:) and a sports apparel company or tech firm could make sense, CNN reported.
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