Tesla sales drop in Europe for fifth month in a row

Tesla sales in Europe plunged for a fifth month in a row in May, a blow to investors who had hoped anger toward Elon Musk would have faded by now

ABC News
Dow drops 1,000 points as markets quake worldwide

Nearly everything on Wall Street tumbled as fear about a slowing U.S. economy worsened and set off another sell-off for financial markets around the world. The S&P 500 sank 3% Monday for its worst day in nearly two years. The Dow Jones Industrial Average dropped more than 1,000 points, and the Nasdaq composite slid 3.4%. That followed a 12.4% plunge for Japan’s Nikkei 225, its worst since 1987. Treasury yields pared their losses after a report showed U.S. services businesses are continuing to grow. But worries are still high after Friday’s report showing U.S. employers pulled back on hiring last month by more than expected.

AP News
Will it take market crash for Congress to raise debt limit?

WASHINGTON (AP) — There's one way to force President Joe Biden and Congress to solve the looming crisis over the debt limit : a financial market crash.

Associated Press