Business news 17 april 2019
Here are some of the top business news stories from April 17, 2019:
Global Economy
- The International Monetary Fund (IMF) has cut its global economic growth forecast for 2019 to 3.3%, citing rising trade tensions and slowing growth in major economies. (Source: Reuters)
- The World Bank has also lowered its growth forecast for 2019, citing a slowdown in global trade and investment. (Source: Bloomberg)
Stock Market
- The S&P 500 index fell 0.4% to 2,892.67, while the Dow Jones Industrial Average dropped 0.3% to 26,089.77. (Source: CNBC)
- The Nasdaq composite index fell 0.5% to 7,946.62. (Source: CNBC)
Tech
- Facebook's stock fell 2.5% after the company announced that it would be launching a new cryptocurrency called Libra. (Source: The Verge)
- Apple's stock fell 1.1% after the company announced that it would be cutting production of its iPhone XR. (Source: Bloomberg)
Retail
- Walmart announced that it would be closing 26 stores in the US, citing declining sales and increased competition. (Source: CNN)
- Target announced that it would be closing 24 stores in the US, citing declining sales and increased competition. (Source: CNBC)
Energy
- Oil prices fell 1.4% to $63.44 per barrel, citing concerns over a global economic slowdown. (Source: Bloomberg)
- Natural gas prices fell 2.1% to $2.74 per million British thermal units, citing a mild winter and increased production. (Source: Bloomberg)
Earnings
- Coca-Cola reported quarterly earnings that beat expectations, citing strong sales of its beverages. (Source: CNBC)
- McDonald's reported quarterly earnings that missed expectations, citing increased competition and higher labor costs. (Source: CNBC)
Other News
- The US Federal Reserve announced that it would be keeping interest rates unchanged, citing a strong economy and low inflation. (Source: CNBC)
- The European Union announced that it would be imposing tariffs on $3.2 billion worth of US goods, citing a dispute over subsidies to Boeing. (Source: Bloomberg)
These are just some of the top business news stories from April 17, 2019. If you're looking for more information or specific news on a particular topic, feel free to ask!