The Dow Jones Industrial Average has been dropping for the ninth consecutive session, which is the longest it has been since 1978. According to reports, honda Motor Company and nissan Motor Company, two of Japan's leading manufacturers, are reportedly in negotiations to merge in order to form a larger company that could compete with toyota Motor Corp.

As investors rushed to cash in on Nvidia's record-breaking bull run this year, the company's shares fell further into the correction zone. In a settlement with the FTC, Grubhub agreed to pay $25 million for allegedly participating in damaging practices that had an adverse effect on both employees and diners.Falling Free

tuesday saw the Dow Jones Industrial Average achieve its first nine-day losing streak since 1978, garnering headlines. Shortly after the Dow reached the 45,000 mark earlier this month, this downward trend started.It's interesting to note how the Dow's decline differs from the performance of the overall market. The Nasdaq set a new high on Monday, while the S&P 500 touched a record high on december 6 and is now barely below that level. The market's preference for technology firms over conventional "old-economy" stocks—which had rebounded in november after Donald Trump's reelection—is the primary cause of the Dow's drop. The Dow is especially susceptible to the movement away from these older stocks because they make up a sizable portion of the market.Hands shaking

The Nikkei reported on tuesday that Japanese manufacturers nissan Motor and honda Motor are apparently getting ready to discuss a possible merger in order to increase their competitiveness in the quickly changing global automobile market.The companies are likely to sign a memorandum of agreement soon and are investigating the idea of working under a holding company. They also want to incorporate Mitsubishi Motors, in which nissan is the top stakeholder with a 24 percent interest, into the holding company structure. According to Nikkei, if concluded, the Nissan-Honda-Mitsubishi group would constitute a major automotive force, with yearly car sales surpassing 8 million units.Get low.

On tuesday, Nvidia's stock fell more than 1%, and Broadcom's gains were also reversed, resulting in a negative closing price.

Nvidia's stock fell 10 percent or more from its peak on Monday, marking the official entry into correction territory. Last month, the company's closing price reached its highest point at $148.88.severe punishment

In order to resolve a lawsuit brought by the FTC and the Illinois Attorney General regarding alleged fraudulent tactics that affected diners, employees, and small businesses, Grubhub has agreed to pay $25 million. Grubhub is accused in the case of listing restaurants without authorisation, lying to drivers about their pay, and misleading diners about delivery prices. The company's practices hurt drivers, consumers, and non-partner eateries to spur expansion, according to FTC Chair Lina Khan.Exodus in mass

The State Administration of Foreign Exchange reports that last month saw the biggest financial market outflows in China's history, with domestic banks sending a net $45.7 billion abroad for securities investments. This number includes both local investments in foreign assets and foreign withdrawals from China.As trade is threatened by President-elect Donald Trump's planned 60% tariffs on Chinese imports, the outflows underscore rising fears about the Chinese economy. Fears of a capital flight spiral are being heightened by the yuan's weakness, local stocks' decline, and the growing interest-rate differential with the US.