Economic Indicators

Correction: Earns-Retailers story

Shoppers are spending freely heading into the holidays, but heavy investments and incentives like free shipping by retailers are giving Wall Street pause.

EU calls for sanctions against Italy over budget

A top EU official says Italy's draft budget for next year is in breach of the rulebook underpinning the euro and he is signaling the start of a legal procedure against the country over the spending plan.

Asian shares fall on sign of escalating US-China tensions

Stocks are skidding Tuesday morning, putting the market back into the red for the year, as weak results from retailers and mounting losses for big technology companies compound the market's losses from the day before.

AP FACT CHECK: Trump's case for Saudi solidarity

President Donald Trump vastly inflated the value of planned Saudi investments in the U.S. on Tuesday, as he explained why he's "standing with Saudi Arabia" despite the conclusion of his intelligence officials that the kingdom's de facto leader ordered the murder of a U.S.-based journalist.

Business Highlights

___ Tech giants plunge again, pushing market into red for year NEW YORK (AP) — Stocks skidded again Tuesday as weak results from retailers and mounting losses for big technology companies pushed the market back into the red for the year.

Renault board: Ghosn to remain CEO while detained in Japan

The arrest of Nissan Motor Co.'s chairman Carlos Ghosn on charges he underreported his income and misused company funds caused the company's shares to tumble and shocked many in Japan who view him as something of a hero.