The Democratic Party formally nominated Hillary Clinton for president Tuesday, making her the first woman chosen by a major American party. (CNBC)
In a Democratic National Convention speech peppered with personal stories, former president Bill Clinton on Tuesday portrayed his wife as compassionate but tenacious, calling her "the best darn change maker I've ever met in my life." (CNBC)
Nine black women whose children died in racially-charged incidents took the convention stage to endorse Hillary Clinton, saying they believe she cares deeply about racial injustice and would try to heal wounds between police departments and African American communities. (NBC News)
Wall Street has become far less certain Hillary Clinton will be the next president. Just 52 percent of respondents to the July CNBC Fed Survey now believe the Democratic nominee will prevail in November, a sharp drop from 80 percent in the April and June surveys. (CNBC)
Apple's (AAPL) stock is jumping after quarterly profit of $1.42 beat estimates by 4 cents and revenue also beat forecasts. Apple gave strong current quarter revenue guidance and reported iPhone and iPad shipments that were higher than analysts had been estimating.
Twitter (TWTR) saw its stock price sink after the company beat profit estimates, but reported revenue below forecasts. The company also gave lower-than-expected current quarter revenue guidance, and revenue growth was the slowest since Twitter went public in 2013.
Tesla's (TSLA) upcoming Model 3 car could generate $20 billion in revenue per year and an annual gross profit of about $5 billion, CEO Elon Musk said Tuesday. (CNBC)
Investors yanked $20.7 billion from global hedge funds in June, bringing net redemption for the second quarter to $10.7 billion following inflows in April and May, the Financial Times reported. This is the third consecutive quarter capital has fled the hedge fund sector. (FT)
Third Point's Dan Loeb compared the current investment environment to the — spoiler alert — epic battle in the penultimate episode of "Game of Thrones" season six: "Surging enemies forming a seemingly impossible perimeter, a crush of fellow soldiers on the field, arrows coming in overhead, and the need to avoid panic." (CNBC)
An employee at Ray Dalio's Bridgewater Associates described the hedge fund as a "cauldron of fear and intimidation" in a complaint filed in Connecticut alleging sexual harassment, The New York Times reported. The complaint describes an environment of constant surveillance, according to the newspaper. (NYT)
Goldman Sachs (GS) has been slapped with a $510 million lawsuit by a shareholder of one of its former clients over alleged fraudulent misrepresentations that involve links to the prime minister of Malaysia and the country's troubled 1MDB development fund. (CNBC)