The dollar rebounded sharply Tuesday after a key gauge of its strength tumbled to its weakest level since January 2015 earlier in the session, as a drop in oil prices pressured vulnerable emerging-market currencies.
During an appearance at Tuesday's Milken Institute Global Conference in Beverly Hills, Treasury Secretary Jacob J. Lew warns that the Puerto Rico crisis is severe.
Stocks from Australia to China looked poised to track a pullback in the U.S., with anxiety over the global economy unnerving investors as crude oil lingers below $44 a barrel.
A group of eight notable women in tech, including Ellen Pao, the former CEO of Reddit, are trying to turn up the pressure on companies with their own roadmap for diversity.
Shares in CBS Corp. rose in extended trading Tuesday after the media company posted better-than-expected quarterly results, driven by strong advertising revenue.