Stocks

Italian stocks plunge on populist government's plans

Italy's stock market has plunged after the new populist government announced a sharp public spending increase that will push the budget deficit to 2.4 percent of gross domestic product next year.

Business Highlights

___ SEC files complaint against Tesla's Elon Musk DETROIT — U.S. securities regulators have filed a complaint against Tesla CEO Elon Musk alleging that he made false and misleading statements about plans to take the company private in August.

Bed Bath & Beyond nosedives after cutting forecasts

Bed Bath & Beyond's stock plunged to its lowest price in 18 years after the home goods store chain posted weak results in the second quarter and cut its forecasts for the rest of the year.