Tech shares fell Wednesday as investors shed the behemoths that fueled Wall Street’s monster stock rally this year. The Nasdaq Composite index tumbled 2.7% and the S&P 500 lost 1.3%. The Dow rose 0.5%. Shares of tech heavyweight Nvidia (NVDA) slumped 6.2% and rival chipmaker Advanced Micro Devices (AMD) dropped…

Johnson & Johnson (NYSE:JNJ) Q2 2024 Earnings Conference Call July 17, 2024 8:30 AM ET Company Participants Jessica Moore – Vice President, Investor RelationsJoe Wolk – Executive Vice President, Chief Financial OfficerJoaquin Duato – Chairman and Chief Executive OfficerJennifer Taubert – Executive Vice President, Worldwide Chairman, PharmaceuticalsTim Schmid – Executive…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Disney chief executive Bob Iger and his wife Willow Bay have agreed to buy a controlling stake in the US National Women’s Soccer League club Angel City FC at a valuation of…

President Joe Biden’s 40-plus year evolution on reforming the Supreme Court appears to be complete. Biden is finalizing plans to propose major structural changes to the third branch of government. From a report by CNN’s MJ Lee and Devan Cole: Chief among the changes Biden is planning to publicly back…

It’s that time of year when a storm developing in the Caribbean has the potential to become a hurricane. That’s when an early warning system becomes so important. This integrated system of hazard monitoring, forecasting and prediction, disaster risk assessment, communication and preparedness activities systems helps people get ready to…

The cost of living has risen to the point that most Americans are feeling the pressure. An astounding 80% of Americans have experienced a cost of living creep in the last few years, a Credit Karma study found. This cost of living creep means that consumers are spending more money…

Former President Trump’s pick to serve as his running mate on the Republican ticket this year, Ohio Sen. JD Vance, has been a staunch critic of the Biden administration’s student loan handout as part of the White House’s repeated efforts to cancel borrowers’ debt. President Biden campaigned on forgiving student…

Check out the companies making headlines in midday trading. Charles Schwab – The financial services giant slid close to9% following its second quarter results. The firm reported adjusted earnings of 73 cents per share and revenue of $4.69 billion. These just barely beat estimates, as analysts polled by LSEG were…

Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Tuesday’s key moments. 1. The market rotation out of tech stocks which started Friday and paused Monday, resumed in Tuesday’s session. Mega-cap names Nvidia and Apple fell 2%…

At first glance Elon Musk and Donald Trump wouldn’t seem to be natural allies. One has made cutting greenhouse emissions a major business selling point. The other questions the need to cut emissions at all, denouncing most forms of clean energy as at best unnecessary and at worst destructive. One…