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Tesla shares were hit with yet another bearish broadside Tuesday, as analysts at Morgan Stanley weighed in on the clean-energy carmaker's prospects in China and the health of its debt-laden balance sheet.
Nike lead a group of athletic apparel and shoe companies in an effort late Monday to urge President Donald Trump to reconsider placing tariffs on footwear made in China and imported into the United States, calling the levies a "catastrophic" move that will cost U.S. consumers $7 billion a year.
Global stocks snapped back Tuesday, reversing much of the previous day's decline, following a move by the Commerce Department to ease restrictions on China's Huawei Technologies ability to do business with U.S. firms that soothed investor concern of an all-out tech war between Washington and Beijing.