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'Our more cautious view is based on what we believe to be weak online and wholesale trends into Q4,' said BofA analyst Curt Nagle.

Purple Innovation, the mattress provider, withdrew its full-year guidance due to production issues.

Stocks moving in premarket trading Tuesday include Exela Technologies, Marin Software, Purple Innovation, BSquare and Morgan Stanley.

Mattress and accessories provider Purple Innovation's quarterly earnings and revenue guidance fall short of Wall Street's expectations.

Sequoia Capital and Y Combinator have told startups that cutting costs is a priority.

Elon Musk will soon allow Dogecoin to purchase SpaceX merchandise.

The theme park company has opened Guardians of the Galaxy: Cosmic Rewind and not everyone is happy despite the ride getting wonderful reviews.

Aurora is slashing its production capacity as it builds a runway toward positive Ebitda a year from now.