Tesla said the Justice Department requested documents regarding CEO Elon Musk's Aug. 7 tweets about taking the company private. The shares sank earlier Tuesday after it was reported that DOJ has opened a criminal probe looking at his comments.
The department store chain has been working with suppliers in Asia to prepare for potentially higher tariffs in the administration's escalating global trade war, the Macy's CEO told CNBC's Courtney Reagan at the Code Commerce conference in New York Monday.
Cracker Barrel's crisis operations response team has its emergency planning down to military precision, which is no coincidence considering CEO Sandy Cochran is a former Army captain and its team includes several former soldiers.
Although CEOs typically benefit from what psychologists call "idiosyncrasy credits" — allowing them more latitude to take risks, act flamboyant and otherwise push the envelope than rank-and-file employees — Musk is pushing it too far.
The group set up a forum on messaging app Slack called Whole Worker that allows members to anonymously share their concerns about the company "without fear of losing their job."
Customers can now buy J. Crew's classic clothing on Amazon Fashion.
Sales at Dick's Sporting Goods stores open for at least 12 months also tumbled by a bigger-than-expected 4 percent during the quarter ended Aug. 4, which was partly blamed on Under Armour.
Shares of retailers took a thrashing Wednesday with Macy's and Dillard's leading the rout, tumbling by 16 percent and 10.8 percent, respectively.
Whether it was an impulse tweet or not, it's likely the SEC has already opened an investigation into Tesla CEO Elon Musk's tweets Tuesday and is looking for documentation to back up his comments about securing funding, former SEC lawyers say.