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Wall Street slumps as Nvidia, Tesla and other Big Tech stocks drop

NEW YORK (AP) - Renewed drops for Nvidia, Tesla and other former superstars dragged Wall Street lower. The S&P 500 fell 1.1% Wednesday. The Dow Jones Industrial Average lost an early gain to flip to a loss of 0.3%, while the weakness for Big Tech sent the Nasdaq composite to a market-leading loss of 2%.

10,000 jobs cut at Dept of Health and Human Services

WASHINGTON (AP) - The U.S. Department of Health and Human Services will eliminate 10,000 jobs as part of a major restructuring plan. The agency made the announcement Thursday. The agency is responsible for monitoring infectious diseases, inspecting foods and hospitals.

White House withdraws Rep. Elise Stefanik's nomination for UN ambassador

UNITED NATIONS (AP) - The White House has withdrawn Rep. Elise Stefanik’s nomination to be U.S. ambassador to the United Nations, a stunning turnaround for President Donald Trump’s Cabinet pick after her confirmation had been stalled over concerns about Republicans’ tight margins in the House.

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