Markets opened Tuesday morning by continuing their recent sell-off, with the Dow falling as much as 560 points to start the day. The index breifly fell into correction territory, down more than 10 percent from its all-time high hit just a few days ago.
Lululemon's stock was also down after news CEO Laurent Potdevin resigned over his "conduct." It's the latest issue for the company, whose founder stepped down in 2015 amid a series of controversial comments.
Plus Apple supplier Cirrus Logic shares dropped after the company said slowing smartphone demand hit results in its latest quarter. General Motors shares, though, were on the rise after the automaker said earnings and revenue were better than expected for the quarter.
U.S. homeowners are boosting spending on home renovation projects, bucking a broader pullback by consumers amid diminished confidence in the economy.
Almost four dozen Venezuelan workers who had temporary protected status have been put on leave by Disney after the U.S. Supreme Court allowed the Trump administration to strip them of legal protections.
The Republican-controlled Federal Trade Commission is abandoning a Biden-era effort to block Microsoft’s purchase of “Call of Duty” video game maker Activision Blizzard.
The Justice Department has reached a deal with Boeing that will allow the company to avoid criminal prosecution for allegedly misleading U.S. regulators about the 737 Max jetliner before two of the planes crashed and killed 346 people.
After a bumpy ride, the ride-hailing app is back in the good graces of investors. Plus: OpenAI, Google, Apple, Target, Moody's, Paramount, and Golden Dome.
Nike is going to start selling its products directly on Amazon’s U.S. website for the first time since 2019.
