According to @StockMKTNewz, citing The Wall Street Journal, Saks Global is preparing to file for bankruptcy within days after missing an interest payment on debt used to buy Neiman Marcus (source: @StockMKTNewz; The Wall Street Journal). IMF research has documented stronger post-2020 correlation between crypto and equities, making U.S. consumer discretionary credit events relevant for monitoring BTC and ETH trading conditions even though the reported development does not mention any direct crypto exposure (source: International Monetary Fund, 2022; @StockMKTNewz).