Ait business news

Here are some of the latest business news updates:

Top Stories

  1. Tesla's Stock Soars: Tesla's stock price surged 12% after the company reported a surprise profit in the second quarter, beating Wall Street expectations. (Source: CNBC)
  2. Amazon Acquires Zoox: Amazon has acquired autonomous vehicle startup Zoox for $1.2 billion, expanding its presence in the self-driving car market. (Source: The Verge)
  3. Walmart to Acquire Cornershop: Walmart has agreed to acquire Chilean grocery delivery startup Cornershop for $225 million, expanding its e-commerce capabilities. (Source: Bloomberg)

Economy

  1. US GDP Growth Slows: The US economy grew at a slower pace than expected in the second quarter, with GDP expanding at a 2.1% annual rate. (Source: The Wall Street Journal)
  2. Inflation Remains Low: The US inflation rate remained low in July, with the Consumer Price Index (CPI) increasing by 1.7% over the past 12 months. (Source: Bureau of Labor Statistics)
  3. Jobless Claims Fall: The number of Americans filing for unemployment benefits fell to a 50-year low in the latest week, indicating a strong labor market. (Source: US Department of Labor)

Tech

  1. Microsoft to Acquire Affirmed Networks: Microsoft has agreed to acquire Affirmed Networks, a provider of cloud-based network solutions, for $1.35 billion. (Source: The Information)
  2. Google to Launch New Pixel Phones: Google is set to launch new Pixel phones, including a budget-friendly option, in the coming weeks. (Source: 9to5Google)
  3. Facebook to Launch New Cryptocurrency: Facebook is planning to launch a new cryptocurrency, called Libra, which will be backed by a basket of currencies and securities. (Source: The New York Times)

Finance

  1. Stock Market Hits Record High: The S&P 500 index hit a record high on Friday, driven by strong earnings reports and optimism about the economy. (Source: The Wall Street Journal)
  2. Bond Yields Rise: Bond yields rose on Friday, with the 10-year Treasury yield reaching its highest level in over a year. (Source: Bloomberg)
  3. Gold Prices Fall: Gold prices fell on Friday, as investors sold off safe-haven assets amid a strong stock market. (Source: CNBC)

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