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NEW YORK (AP) — Stocks fell sharply on Wall Street Thursday as high-flying technology companies took a tumble after months of spectacular gains. The benchmark S&P 500 lost 3.5%, its biggest loss since June, and the tech-heavy Nasdaq fell 5%. Both indexes set record highs a day earlier. Apple, the most valuable U.S. company, slumped 8%. Big Tech companies have made outsize gains this year as investors bet that they would continue posting huge profits, even with many coronavirus restrictions still in place, as people spend more time online with their devices. Some worry those tech companies will be hit hard in a souring US-China relationship and any future tariffs, according to CNN. Treasury yields fell as cautious investors shifted money into bonds. 770
NORTH BRUNSWICK, NJ — A man found dead of an apparent self-inflicted gunshot wound Monday is believed to be connected to a shooting at a federal judge's New Jersey home Sunday, killing her son and injuring her husband, law enforcement sources told PIX11 News.The man was found dead in a vehicle on Route 17 in Sullivan County, New York, wearing a FedEx shirt, sources said.Gov. Phil Murphy said he had no comment about the development when asked about it Monday at his daily press briefing.The discovery comes after a gunman opened fire at Judge Esther Salas' North Brunswick home Sunday, killing her 20-year-old son, Daniel, and wounding her husband, defense lawyer Mark Anderl, Chief District Judge Freda Wolfson told the Associated Press.Another law enforcement source, who wasn’t authorized to comment and spoke anonymously to the AP Sunday, said the gunman posed as a FedEx delivery driver.They said Salas wasn't injured as she was in the basement at the time of the shooting.The FBI said late Sunday it was looking for one suspect in connection with the shooting.Officials have not commented on any possible motive for the shooting.Judge Salas was set to preside over a class action lawsuit filed last Wednesday against Deutsche Bank. The suit claims the bank failed to properly monitor several high risk customer accounts, including one belonging to convicted sex offender Jeffrey Epstein.Gov. Murphy Sunday called the shooting a "senseless act.""This tragedy is our latest reminder that gun violence remains a crisis in our country and that our work to make every community safer isn’t done," he said.“I know Judge Salas and her husband well, and was proud to recommend her to President Obama for nomination to New Jersey’s federal bench," Sen. Bob Menendez said. "My prayers are with Judge Salas and her family, and that those responsible for this horrendous act are swiftly apprehended and brought to justice.”North Brunswick Mayor Mac Womack said in a statement: "No words can express the sadness and loss we share tonight as a community after [the] senseless shootings...We commit to do all we can to support the family at this time, as well as all law enforcement agencies involved."The Middlesex County Prosecutor's Office assisted the North Brunswick Police Department in the investigation.This story originally reported by Aliza Chasan , Associated Press , Katie Corrado on PIX11.com. 2409
NIWOT, Colorado — The last of Crocs Inc.'s manufacturing facilities, located in Italy, is going to close, the company announced.It also closed its plant in Mexico. Crocs leaders did not give information on how it will continue producing its products during its second-quarter earnings report this week.The company grew its second-quarter earnings and revenue by 4.7 percent year-over-year. But Crocs Inc. is operating fewer stores.The company has not said if it plans to shutter more stores in the U.S. It expects revenue to increase, in the single digits, by the year's end. The cost of closing the manufacturing facilities in 2018 is million, the Daily Camera reports.Crocs Inc.'s chief financial officer, Carrie Teffner, plans to resign from the company effective April 1, 2019. Anne Mehlman will take her place. 857
NEW YORK CITY — Two U.S. marshals and a New York City police officer were injured in a shootout in the Bronx early Friday that left one suspect dead and another injured, law enforcement sources say.The New York City Fire Department (FDNY) said a report came in at around 5:30 a.m. ET about a shooting on Ely Avenue, near Edenwald Avenue in the Wakefield neighborhood of the Bronx.Aerial footage shows a large police presence in the area, including three ambulances.One marshal was shot in the arm and thigh and the second was shot in the leg, according to police. The NYPD detective injured his leg during the incident.The three law enforcement officials were transported to local hospitals for treatment, along with a suspect who sustained injuries to his head. It's not known if the suspect was suffering from gunshot wounds.Previous reporting indicated that the three law enforcement officers injured were all U.S. marshals.According to WHDH-TV in Boston, the suspect who was killed in the shootout is Andre K. Sterling, 35. He was wanted in connection with the shooting of a Massachusetts state trooper on Nov. 20. The state trooper survived that shooting, but Sterling escaped the scene. 1200
NEW YORK (AP) — Kanye West is bringing his Yeezy brand to Gap. The rap superstar will design adult and kids clothing that will be sold at Gap next year. Yeezy is best known for its pricey sneakers that quickly sold out online, but Yeezy footwear won't be sold at Gap. The retailer hopes the deal will keep it relevant with shoppers as its sales dwindle. For Yeezy, it could get the brand in front of more people, since the line will be sold at Gap's more than 1,100 stores around the world. 498