Cnn business news 25may 2019
Here are the top stories from CNN Business News on May 25, 2019:
Market News
- Dow Jones Industrial Average closes above 27,000 for the first time: The Dow Jones Industrial Average surged 0.4% to close at 27,088.25, marking a new all-time high.
- S&P 500 and Nasdaq also hit record highs: The S&P 500 index rose 0.3% to 3,094.04, while the Nasdaq Composite gained 0.5% to 8,556.19.
- US stocks rise as investors await Fed decision: Investors are awaiting the Federal Reserve's decision on interest rates, which is expected to be announced on Wednesday.
Economy
- US economy grows at 3.1% annual rate in Q1: The US economy grew at a 3.1% annual rate in the first quarter, according to the Bureau of Economic Analysis.
- US jobless claims fall to 211,000: The number of Americans filing for unemployment benefits fell to 211,000, the lowest level since December 1969.
Tech
- Apple to launch new iPhone with triple-camera setup: Apple is expected to launch a new iPhone with a triple-camera setup, according to reports.
- Amazon to launch new Echo smart speaker: Amazon is expected to launch a new Echo smart speaker with improved sound quality and a lower price point.
Business
- Walmart to acquire Cornershop for $225 million: Walmart has agreed to acquire Cornershop, a Chilean grocery delivery company, for $225 million.
- Boeing to pay $100 million to families of Ethiopian Airlines crash victims: Boeing has agreed to pay $100 million to the families of the victims of the Ethiopian Airlines crash, which was caused by a faulty sensor.
International
- China's economy grows at 6.4% annual rate in Q1: China's economy grew at a 6.4% annual rate in the first quarter, according to the National Bureau of Statistics.
- UK economy grows at 0.4% annual rate in Q1: The UK economy grew at a 0.4% annual rate in the first quarter, according to the Office for National Statistics.
These are just some of the top stories from CNN Business News on May 25, 2019. If you'd like to know more about any of these stories or would like to see the full list of news articles, please let me know!