South Korea’s stock market just had one of its worst days ever. Why Morgan Stanley says it’s not breaking down

The Kospi index fell about 10% in Tuesday’s session, marking its worst session since March.
Alphabet added to Dow Jones Industrial Average, replacing Verizon

Alphabet will replace Verizon in the Dow Jones Industrial Average.
Micron leads the big tech sell-off. What the charts show about the next big catalyst

We can gain valuable insight when we look at longer-term trends that help us rise above the inevitable near-term noise in this secular AI-driven bull market.
FedEx posts strong earnings results in last quarter with freight business

FedEx posted strong fiscal fourth quarter earnings on Tuesday in the company’s last quarter that included the freight business before its spin-off.
Cerebras reports 92% revenue growth in chipmaker’s first earnings report since IPO

Cerebras went public on the Nasdaq in May, giving Wall Street access to a pureplay AI company.
PGA Tour CEO Brian Rolapp unveils sweeping changes to professional golf

Changes to the PGA Tour are designed to elevate competition and raise payouts for winners.
Senate backs Iran war powers resolution as GOP pressure grows on Trump’s deal to end war

Senate Republicans want more details on Trump’s Iran deal as questions swirl around sanctions relief, nuclear restrictions and congressional approval.
SpaceX raises $25 billion in debt sale less than two weeks after IPO

SpaceX raised $25 billion in a debt sale, after seeing nearly $90 billion worth of orders, sources say.
Strait of Hormuz evacuation plan to begin for ships stranded in Persian Gulf, maritime organization says

More than 11,000 seafarers stuck in the Persian Gulf will begin to exit through the Hormuz Strait in a large-scale evacuation plan backed by Iran and the U.S.
Inside Kevin Warsh’s selection process for the next Atlanta Fed president

Choosing a new head for the Federal Reserve Bank of Atlanta is an opportunity for new Fed Chairman Kevin Warsh to reshape the central bank.