• Correction, crisis, or crash? The Nikkei tanked again today, officially entering a bear market. The Tokyo index tumbled another 6%. That puts its losses at nearly 22% since May 23rd, beyond the 20% that defines a bear environment.

    Meanwhile, there's breaking news here at home. Both retail sales for May and the weekly jobless claims were released right as we started streaming live to you at 8:30. Retail sales were up .6% for the month, beating estimates which were for .5%. That's according to the Commerce Department. The Labor Department says there were 334,000 new weekly jobless claims. That also beat estimates which were for 350,000 new claims.

    Sticking with the theme of jobs, Wal-Mart (WMT) has quietly put a new hiring policy in place. A Reuters investigation reveals the retail giant has shifted to hiring mostly temporary workers-- something it used to do only during the holiday season. A survey of 52 stores found WalMart hiring only temps at 27 stores. The chain was adding at least

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  • First up this morning is Safeway (SWY), which has been trading roughtly 30% higher. The supermarket chain announced after-hours yesterday that it's getting out of Canada. Competitor Sobeys is buying the stores for more than $5-billion. Safeway will use the cash to draw down its debt and buy back shares. Prior to the climb we're seeing now, Safeway stock is up 25% year-to-date.

    Next we look at RBS (RBS) which is sharply lower on two different news items. First, sources say the company will shed 2,000 jobs in an effort to cut the size of its investment bank. That news comes on the heels of an announcement that CEO Stephen Hester will leave by year's end. The company board has ousted Hester saying it wants new leadership as it pushes toward privatization. RBS shares were down nearly 4% yesterday, and have moved another 3-percent lower in early trading today. But keep in mind the stock is up 43% over the past year.

    Now there's clothing conglomerate PVH (PVH), which is up more than 8%

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  • Fed or BOJ: what's weighing more on U.S. markets? Vote in the daily Hot Stock Minute poll. But first, listen to host Lauren Lyster discuss the topic with Yahoo! Finance Columnist Rick Newman. The pair also talk about May retail sales and weekly jobless claims which were released this morning.

  • Stocks Slide into the Close

    By | Hot Stock Minute – Wed, Jun 12, 2013 4:04 PM EDT

    The market opened significantly higher, but steadily declined through the day. The major averages closed near session lows, down almost 1% across the board. Overseas, the Nikkei moved fractionally lower and markets in Europe started the day higher, but closed in the red.

    Cooper Tire and Rubber (CTB) was one of the day's biggest gainers, skyrocketing more than 40% on word of a takeover bid. India's Apollo Tyres has offered to buy the company for $35 a share, or about $2.5 billion. Ohio-based Cooper is the world's 11th biggest tire company by sales. The deal would give Apollo its first access to the U.S. market. Reports of talks between the two companies first surfaced last October.

    Gigamon (GIMO) shares also soared over 40% as the stock made its market debut. Shares quickly rose from their IPO price of $19, which was the midpoint of the expected range. Gigamon makes data traffic management software. The company was valued at about $680 million at the opening price. Nearly 7 million shares

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