Business bulletin news
Here are some recent business news bulletins:
Economy
- The US economy grew at a 2.1% annual rate in the first quarter, according to the Bureau of Economic Analysis. (Source: CNBC)
- The European Union's economy grew by 0.4% in the first quarter, driven by strong consumer spending. (Source: Reuters)
Technology
- Amazon has acquired Eero, a startup that makes mesh Wi-Fi routers, for $97 million. (Source: The Verge)
- Facebook has launched a new cryptocurrency called Libra, which is expected to be available in 2020. (Source: Bloomberg)
Finance
- The Dow Jones Industrial Average closed above 27,000 for the first time, driven by strong earnings reports from major companies. (Source: The Wall Street Journal)
- The Federal Reserve has cut interest rates for the first time in over a decade, citing concerns about the global economy. (Source: CNN)
Retail
- Walmart has acquired Cornershop, a Chilean grocery delivery startup, for $225 million. (Source: The New York Times)
- Target has announced plans to open 30 new stores in the next year, as it continues to expand its e-commerce capabilities. (Source: USA Today)
Healthcare
- CVS Health has acquired Aetna, a health insurance company, for $69 billion. (Source: The New York Times)
- UnitedHealth Group has announced plans to acquire DaVita, a kidney dialysis company, for $4.3 billion. (Source: CNBC)
Energy
- ExxonMobil has announced plans to invest $20 billion in the Permian Basin, a major oil-producing region in Texas and New Mexico. (Source: The Wall Street Journal)
- Chevron has acquired Anadarko Petroleum, a oil and gas company, for $33 billion. (Source: Bloomberg)
Automotive
- General Motors has announced plans to invest $7 billion in electric and autonomous vehicle technology. (Source: The Verge)
- Tesla has announced plans to cut 7% of its workforce, citing challenges in the electric vehicle market. (Source: CNBC)
These are just a few of the latest business news bulletins. I hope you find them helpful!