Business news may 2018

Here are some of the top business news stories from May 2018:

Global Economy

• The International Monetary Fund (IMF) cut its global economic growth forecast for 2018 to 3.9%, citing rising trade tensions and a slowdown in emerging markets. (Source: Reuters)
• The World Bank raised its forecast for global economic growth in 2018 to 3.1%, citing strong growth in the United States and other major economies. (Source: World Bank)

Technology

• Facebook announced a major overhaul of its data privacy policies and practices in response to the Cambridge Analytica scandal. (Source: The New York Times)
• Amazon announced a new line of Echo smart speakers with improved voice recognition and new features. (Source: CNET)
• Apple announced a new streaming service, Apple TV+, and a revamped Apple News+ service. (Source: The Verge)

Finance

• The S&P 500 index reached an all-time high in May, driven by strong earnings reports from major companies. (Source: CNBC)
• The yield on the 10-year U.S. Treasury note rose above 3% for the first time since 2014, signaling a potential shift in interest rates. (Source: Bloomberg)
• The European Central Bank announced plans to end its quantitative easing program in December 2018. (Source: Reuters)

Retail

• Walmart announced a major overhaul of its e-commerce strategy, including a new partnership with Google and a focus on same-day delivery. (Source: Bloomberg)
• Amazon announced plans to open a new chain of physical bookstores in the United States. (Source: The New York Times)
• Toys "R" Us filed for bankruptcy and announced plans to close hundreds of stores. (Source: CNN)

Energy

• Oil prices rose above $80 per barrel for the first time since 2014, driven by supply disruptions and strong demand. (Source: Bloomberg)
• The Trump administration announced plans to impose tariffs on imported steel and aluminum, sparking concerns about a trade war. (Source: The New York Times)
• ExxonMobil announced plans to invest $50 billion in the Permian Basin, one of the largest oil and gas fields in the United States. (Source: Reuters)

Automotive

• Tesla announced plans to cut prices on its Model S and Model X electric cars, citing declining demand. (Source: The Verge)
• Ford announced plans to invest $11 billion in electric and autonomous vehicles over the next five years. (Source: Bloomberg)
• General Motors announced plans to cut 14,000 jobs and close several plants in the United States and Canada. (Source: The New York Times)

These are just a few of the top business news stories from May 2018. If you'd like more information or specific stories, feel free to ask!