Business day news business day

Here are the latest business news updates for the day:

Top Stories

  1. Stock Market: The Dow Jones Industrial Average rose 0.4% to 34,511.21, while the S&P 500 index gained 0.5% to 4,233.85. The Nasdaq composite index climbed 0.7% to 13,741.51.
  2. Economy: The US economy added 379,000 jobs in February, exceeding expectations, and the unemployment rate fell to 6.2%. The labor market has shown resilience despite the ongoing pandemic.
  3. Tech: Apple (AAPL) announced a new iPhone SE, a budget-friendly smartphone with a 4.7-inch screen, starting at $399. The company also launched a new iPad Air with a 10.9-inch screen and a starting price of $499.
  4. Finance: JPMorgan Chase (JPM) reported a 21% increase in quarterly profit, driven by strong consumer banking and investment banking results. The bank's CEO, Jamie Dimon, said the economy is "getting better" but still faces challenges.
  5. Retail: Walmart (WMT) reported a 2.5% increase in same-store sales for the fourth quarter, beating expectations. The company also announced a 10% increase in its quarterly dividend.

Business News

  1. Tesla: Elon Musk's electric car company is facing a lawsuit from a former employee who claims the company's Autopilot system is not as safe as claimed.
  2. Amazon: The e-commerce giant is expanding its grocery delivery service to more cities, including Chicago, Dallas, and Philadelphia.
  3. Microsoft: The software company is acquiring a 1.3% stake in the Indian e-commerce company, Flipkart, for $2 billion.
  4. Goldman Sachs: The investment bank is launching a new digital wealth management platform, called Marcus Invest, which will offer investment advice and portfolio management services to individual investors.
  5. Coca-Cola: The beverage company is acquiring a 16% stake in the coffee chain, Costa Coffee, from its parent company, Whitbread, for $5.1 billion.

Market Trends

  1. Oil: Crude oil prices rose 1.4% to $63.44 per barrel, driven by a decline in US oil inventories and concerns about supply disruptions in the Middle East.
  2. Currencies: The US dollar weakened against major currencies, including the euro and the yen, amid concerns about the impact of the pandemic on the global economy.
  3. Bonds: US Treasury yields rose across the curve, with the 10-year yield climbing to 1.63%, as investors sought higher returns in a low-interest-rate environment.

These are just some of the latest business news updates for the day. Stay tuned for more news and analysis throughout the day!