Business news

Here are some recent 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)
  4. Facebook's Revenue Growth Slows: Facebook's revenue growth slowed in the second quarter, as the company faces increased competition from other social media platforms. (Source: The New York Times)
  5. Goldman Sachs to Launch Digital Bank: Goldman Sachs is launching a digital bank, called Marcus, which will offer high-yield savings accounts and personal loans. (Source: The Wall Street Journal)

Industry News

  1. Tech Layoffs Continue: Several tech companies, including Google, Microsoft, and IBM, have announced layoffs in recent weeks, citing economic uncertainty and restructuring efforts. (Source: TechCrunch)
  2. Retail Sales Rise: Retail sales in the US rose 0.7% in June, driven by strong demand for clothing and electronics. (Source: The Wall Street Journal)
  3. Oil Prices Fall: Oil prices fell 3% on Monday, as concerns about global demand and supply outweighed the impact of a surprise drop in US crude inventories. (Source: Reuters)
  4. US-China Trade Talks Resume: The US and China have resumed trade talks, with both sides seeking to resolve their differences and avoid further tariffs. (Source: Bloomberg)
  5. Fed Cuts Interest Rates: The Federal Reserve cut interest rates for the first time in over a decade, citing concerns about the global economy and inflation. (Source: The New York Times)

Company News

  1. Apple's Revenue Misses Expectations: Apple's revenue missed expectations in the second quarter, as the company faces increased competition from other smartphone manufacturers. (Source: CNBC)
  2. Microsoft's Revenue Surges: Microsoft's revenue surged 14% in the second quarter, driven by strong demand for its cloud computing services and software. (Source: The Wall Street Journal)
  3. Amazon's Revenue Beats Expectations: Amazon's revenue beat expectations in the second quarter, driven by strong demand for its e-commerce services and cloud computing. (Source: CNBC)
  4. Walmart's Revenue Falls: Walmart's revenue fell 1.4% in the second quarter, as the company faces increased competition from online retailers. (Source: The Wall Street Journal)
  5. Coca-Cola's Revenue Falls: Coca-Cola's revenue fell 1.5% in the second quarter, as the company faces increased competition from other beverage manufacturers. (Source: The Wall Street Journal)