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%.
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.
UNITED NATIONS (AP) - The White House has withdrawn Rep.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.