Business day todays news
Here are some of the top business news stories from today:
Market News
- The Dow Jones Industrial Average rose 0.4% to 34,511.21, while the S&P 500 gained 0.3% to 4,246.59. The Nasdaq Composite also rose 0.3% to 13,741.61. (Source: CNBC)
- The yield on the 10-year Treasury note fell to 1.53%, its lowest level since February 2021. (Source: Bloomberg)
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%. (Source: Bureau of Labor Statistics)
- The US trade deficit widened to $68.2 billion in January, the largest deficit since October 2008. (Source: Census Bureau)
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. (Source: Reuters)
- Amazon (AMZN) announced that it will acquire MGM Studios for $8.45 billion, expanding its presence in the entertainment industry. (Source: The Hollywood Reporter)
- Johnson & Johnson (JNJ) announced that it will pause the rollout of its COVID-19 vaccine in the US due to a rare blood clotting disorder. (Source: CNN)
Industry News
- The Federal Reserve announced that it will keep interest rates unchanged and continue to support the economy through its bond-buying program. (Source: Federal Reserve)
- The US airline industry is facing a shortage of pilots, with some carriers offering signing bonuses of up to $100,000 to attract new recruits. (Source: The Wall Street Journal)
- The US housing market is showing signs of slowing down, with existing home sales falling 6.6% in February. (Source: National Association of Realtors)
Technology News
- Apple (AAPL) announced that it will release a new iPhone SE model with a 5G connection and improved camera. (Source: CNET)
- Google (GOOGL) announced that it will launch a new cloud gaming service called Stadia Pro, which will allow users to play games on multiple devices. (Source: The Verge)
- Facebook (FB) announced that it will launch a new feature called "Reels" that will allow users to create and share short videos. (Source: TechCrunch)
These are just a few of the top business news stories from today.