Business day news

Here are the latest business news updates:

Market Updates

• The Dow Jones Industrial Average fell 0.2% to 34,033.59, while the S&P 500 slipped 0.1% to 4,144.45.
• The Nasdaq Composite rose 0.2% to 13,444.51.
• The yield on the 10-year Treasury note fell to 1.53%.

Economic News

• The US economy added 379,000 jobs in February, exceeding expectations and marking the 12th consecutive month of job growth.
• The unemployment rate fell to 6.2%, the lowest level since February 2020.
• The Institute for Supply Management (ISM) reported that its manufacturing index fell to 58.7 in February, down from 60.8 in January.

Company News

• Tesla (TSLA) announced that it will raise prices for its electric vehicles in the US by up to $2,000 due to rising costs.
• Amazon (AMZN) said it will invest $2 billion in its Indian operations over the next five years.
• Facebook (FB) announced that it will change its company name to Meta Platforms, Inc. to reflect its expanded focus on virtual reality and other technologies.

Tech News

• Apple (AAPL) announced that it will release a new iPhone SE model with a 5G connection and improved camera capabilities.
• Google (GOOGL) said it will launch a new smart speaker called the Nest Audio, which will compete with Amazon's Echo devices.
• Microsoft (MSFT) announced that it will acquire a 1.4% stake in the Indian e-commerce company Flipkart.

International News

• The European Union and the UK agreed on a new trade deal that will reduce tariffs and increase cooperation on issues such as climate change and security.
• The Chinese government announced that it will impose new tariffs on $3.8 billion worth of US goods, including wine and pork, in response to US tariffs on Chinese goods.
• The Japanese government said it will provide $2.2 billion in financial support to the country's automakers to help them recover from the COVID-19 pandemic.

Other News

• The US Federal Reserve announced that it will hold an emergency meeting on March 16 to discuss the economic impact of the COVID-19 pandemic.
• The International Monetary Fund (IMF) said it will provide $1.4 billion in financial support to the African country of Mozambique to help it recover from a debt crisis.
• The World Health Organization (WHO) announced that it will launch a new global initiative to develop vaccines against COVID-19.