- Best Buy advanced 7% in premarket trading after cutting its forecast for a decline in sales to 10% from about 11% for the full year, as the group relied on rebates to mitigate inflation-related demand slowdown.
- The U.K. Competition Authority announced Tuesday that it is opening a full investigation into Apple and Google's dominance of the mobile operating system market.
- American Eagle Outfitters jumped 8.46% after better-than-expected third-quarter revenue.
- Analog Devices was up 3% in premarket trading on the back of a first quarter revenue increase after a strong fiscal fourth quarter.
- Gamestop Investor Carl Icahn holds a large short position in video-game distributor GameStop, Bloomberg reported Monday, citing sources.
- Baidu reported better-than-expected revenue from advertising and growth in its cloud and artificial intelligence businesses.
- JD.Com announced that it will cut the salaries of more than 2,000 senior executives by 10% to 20% next year to help improve benefits for the rest of the staff as part of the Chinese government's "common prosperity" campaign.
- Enel is launching a major divestment plan to reduce its debt by €21 billion.
- Shell will reconsider its $30 billion investment in the UK due to the increase of the exceptional tax on profits.
- Mazda will invest $11 billion by 2030 to procure batteries for electric vehicles.
- Dell Technologies reported fairly strong results, but the stock lost 2% in after-hours trading.
- Carl Icahn reportedly holds a large short position in GameStop, according to Bloomberg.
- Paramount is backing away from selling Simon & Schuster.
- Alcon finalized the acquisition of U.S.-based Aerie Pharmaceuticals.
- Zoom Video lowered its revenue outlook for the year. The stock lost 7% in after-hours trading.
- China Evergrande, saddled with debt, returns land to the city of Wuhan.
- BHP reaches agreement with Escondida mine union to avoid strike.
- IMCD is to acquire Indian peer Parkash DyeChem.
Today's top earnings reports: Medtronic, Analog Devices, VMWare, Alimentation Couche-Tard, Dollar Tree, HP Inc, Baidu, CRH Plc, Tag Immobilien, Xior... All the agenda is here.