U.S. stocks took a nosedive on Monday morning amid a worldwide stock market selloff as fears of a possible U.S. recession have mounted in recent days. Japanese stocks plunged in their biggest drop since the 1987 Black Monday sell-off.

Hurricane Debby made landfall as a Category 1 storm in Florida's Big Bend, bringing heavy rainfall and life-threatening storm surges. At least 4 people have been killed, and about 300,000 customers were without power in Florida and Georgia.

Bangladesh’s prime minister resigned and fled the country after weeks of protests against a quota system for government jobs descended into violence and grew into a broader challenge to her 15-year rule. Thousands of demonstrators stormed her official residence and other buildings associated with her party and family.