Business news cbn

Here are some recent business news updates from CNBC:

Top Stories

  1. Dow Jones Industrial Average closes above 30,000 for the first time: The Dow Jones Industrial Average closed above 30,000 for the first time on Tuesday, driven by optimism over the economic recovery and the rollout of vaccines. (Source: CNBC)
  2. Tesla's market value surpasses $1 trillion: Tesla's market value surpassed $1 trillion for the first time on Wednesday, making it the sixth publicly traded company to reach the milestone. (Source: CNBC)
  3. Jobless claims fall to 712,000, lowest level since March: The number of Americans filing for unemployment benefits fell to 712,000 last week, the lowest level since March, according to the Labor Department. (Source: CNBC)

Market Updates

  1. Stocks rise as investors bet on economic recovery: Stocks rose on Tuesday as investors bet on a strong economic recovery, with the S&P 500 and Dow Jones Industrial Average both rising more than 1%. (Source: CNBC)
  2. Oil prices surge as demand recovers: Oil prices surged on Wednesday as demand for crude oil recovered, with Brent crude rising 2.5% to $63.50 per barrel. (Source: CNBC)
  3. Gold prices fall as dollar strengthens: Gold prices fell on Wednesday as the dollar strengthened, with spot gold prices falling 0.5% to $1,744.50 per ounce. (Source: CNBC)

Economy and Politics

  1. Fed's Powell says economy still faces significant challenges: Federal Reserve Chairman Jerome Powell said on Tuesday that the economy still faces significant challenges, including high unemployment and a slow recovery. (Source: CNBC)
  2. Biden administration announces new stimulus package: The Biden administration announced a new stimulus package on Wednesday, which includes a proposal to increase the minimum wage to $15 per hour. (Source: CNBC)
  3. China's economy grows 2.3% in 2020, lowest growth rate in decades: China's economy grew 2.3% in 2020, the lowest growth rate in decades, according to official data. (Source: CNBC)

Technology and Media

  1. Apple's market value surpasses $2 trillion: Apple's market value surpassed $2 trillion on Wednesday, making it the second publicly traded company to reach the milestone. (Source: CNBC)
  2. Amazon's Alexa faces new competition from Google: Amazon's Alexa faces new competition from Google, which launched a new smart speaker called the Google Nest Audio. (Source: CNBC)
  3. Facebook's WhatsApp faces new competition from Signal: Facebook's WhatsApp faces new competition from Signal, a new messaging app that promises to be more secure and private. (Source: CNBC)