The soft patch in the global economy is looking more soft and less like a patch.

WeWork has convinced tech investors that short-term office rentals are the next big thing, and well worth a high price. Savvy real-estate investors also like that business, but not at WeWork’s valuation.

Ralph Lauren shares jumped as the company beat analyst expectations and showed investors evidence that its turnaround efforts may finally take hold.

The Trump administration is mulling new tariffs on imported vehicles and auto parts. That hasn’t yet wrecked Asian car makers’ share prices. But it has driven the U.S.’s trade policy even further off-road—and investors in major Japanese and South Korean auto companies were rattled Thursday.

General Electric boss John Flannery sent shares tumbling with revelations about profitability and the dividend.