On Tuesday, Nordstrom raised its forecast for earnings and revenue for the coming year ahead of analysts' expectations, sending shares up nearly 10% in premarket trading Wednesday.

In an attempt to make up for its eroding share price, ride-hailing firm Lyft Inc. said on Tuesday that it would slow down hiring, reduce the budgets of some of its departments, and grant new stock options to some employees.

Shares of the social media company Snap Inc. plunged as much as 30% in extended trading Monday after warning that it may miss its second-quarter guidance and cut its revenue and profit forecasts below the low end of previous expectations.

Shares of VMware, the cloud-computing company backed by billionaire Michael Dell, rose 19% in premarket trading on Monday, following news reports that Broadcom Inc. is in talks to acquire the firm.

On Tuesday, Vacation rental firm Airbnb Inc. decided to vacate its Chinese operations amid stiff competition and strict lowdowns, joining a long list of Western internet platforms that have opted out of the China market.

Atlanta-based home improvement retailer Home Depot reported first-quarter earnings that topped expectations and raised its full-year profit forecast.

Earlier this week, Crypto.com, a popular cryptocurrency platform based in Singapore, announced that Shopify merchants are now able to activate Crypto.com Pay on their online storefronts.

Disappointing results from major retailers last week rattled markets already hit by uncertainty over inflation, rising interest rates, geopolitical uncertainty and the prospect of recession. Here's what's ahead of this week's markets:

Early this week, athletic apparel maker Under Armour announced the imminent and unexpected departure of its chief executive officer, Patrik Frisk.

Cisco Systems Inc. spooked investors Wednesday after generating lower quarterly revenue than analysts expected, sending shares down by as much as 17% in extended trading.

The S&P 500 removed electric vehicle maker Tesla from its ESG Index, with the changes taking effect on May 2. In a blog post published on Wednesday, a spokesperson for the index explained why they made the changes.

Mastercard announced Tuesday it is testing new facial recognition methods to do away with actual credit cards as part of a push toward doing business in the metaverse.

On Tuesday, Walmart cut its full-year profit forecast that missed Wall Street's expectations by a wide margin, sending shares tumbling 11.38%, the worst beat in nearly 35 years.

Shares of Carvana Co. were trading nearly 15% higher Monday after the company provided a ray of sunshine on how it intends to cut costs and generate free cash flow (FCF) following several dismal quarters.

After serving the country for more than three decades, McDonald's Inc. has officially started a process to pull out of Russia, selling all its restaurants to a local buyer, the company said Monday.