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Demand Warning From Airlines Hits Booking, Hotel, Cruise Stocks

The marijuana fintech's stock price has fallen in recent months amid regulatory uncertainty for cannabis financial services.

Verizon shares dropped Tuesday after the company warned it could see soft subscriber growth after a "challenging" quarter.

Renault Group will cut 300 jobs at a van factory in northern France, the carmaker said on Tuesday, responding to slowing European demand for commercial vehicles in the face of growing economic uncertainty. The French company, which is the European van market leader under its Renault brand, makes about 14% of its sales from the vehicles used by delivery companies and tradesmen. A Renault spokeswoman said that 300 of the interim staff will not have their contracts renewed when they expire.

The department store is attempting another turnaround.

U.S. equities were mostly lower at midday on continuing worries about new tariffs and economic growth.

President Donald Trump announced tariffs on steel and aluminum coming from Canada by 25%, but the administration later walked them back.

(Bloomberg) -- Around his 71st birthday, Larry Fink began to blue-sky about the future.Most Read from BloombergNJ College to Merge With State School After Financial StressNYC Congestion Pricing Toll Gains Support Among City ResidentsWhere New York City's Zoning Reform Will Add HousingInside the ‘Not Architecture’ of High Line Designers Diller Scofidio + RenfroElectric Construction Equipment Promises a Quiet RevolutionWhat would it take, the billionaire mused with associates, to really grow the f

FRANKFURT (Reuters) -Germany's financial markets watchdog has started an initial probe to examine whether Bayer fairly disclosed plans to get shareholder approval for a potential capital increase, a regulatory source told Reuters on Tuesday. Under the "routine" investigation that was triggered by the strong decline in Bayer's share price last Friday, watchdog BaFin is checking whether there are grounds for a wider investigation, the person familiar with the matter told Reuters. The healthcare and agriculture group said in a statement on Friday it would seek shareholder approval to potentially increase shares outstanding by close to 35% over the next three years to cover possible costs of U.S. litigation.

The S&P 500 has lost 4.5% so far this year, while the tech-heavy Nasdaq Composite is down 9.5% — bucking bullish calls earlier this year.