“With mortgage rates double last year’s levels ... our expectation is that demand will continue to slow throughout the year,” said CEO Gary Friedman

Stock futures slump as rate hike 'pain' tames bulls; PCE inflation easing may come with a price; RH shares tumble after cutting 2022 sales forecast; Xerox CEO John Visentin dies at 59 and Grayscale sues SEC after bitcoin ETF rejection.

The S&P Retail Select Industry Index has dropped 27% year to date. But Wells Fargo analysts see some opportunities.

Jim Cramer says this market is ugly. It's painful. And it's likely not done yet.

"High energy prices are largely a result of underinvestment by many in the energy industry over the last several years and especially during the pandemic," Exxon said.

The legacy automaker has just made a decision that will affect consumers buying its electric vehicles via a lease.

A brief overnight inversion of the U.S. yield curve, as well as mounting signs of a near-term recession, have stocks on the back foot heading into the holiday-shortened week.