Business news cbn december 2019

Here are some key business news stories from December 2019, as reported by CNBC:

Global Economy

• The International Monetary Fund (IMF) cut its global growth forecast for 2019 to 2.5%, citing trade tensions and slowing economic growth in major economies. (Dec 4)
• The World Bank downgraded its global growth forecast for 2020 to 2.4%, citing ongoing trade tensions and uncertainty. (Dec 18)

Stock Market

• The S&P 500 index fell 1.1% in December, its worst month since October 2018, amid concerns over the trade war and slowing economic growth. (Dec 31)
• The Dow Jones Industrial Average fell 8.7% in December, its worst month since October 2008. (Dec 31)

Trade

• The United States and China signed a "Phase 1" trade deal, which includes commitments from China to increase purchases of U.S. goods and services. (Dec 13)
• The U.S. and China agreed to delay a planned increase in tariffs on each other's goods, pending further trade talks. (Dec 31)

Technology

• Apple announced a 9% decline in iPhone sales in the fourth quarter, citing weaker demand in China. (Dec 10)
• Amazon announced a 15% increase in holiday sales, with Prime members driving much of the growth. (Dec 12)

Finance

• The Federal Reserve cut interest rates for the third time in 2019, citing a slowing economy and low inflation. (Dec 11)
• The European Central Bank cut interest rates and launched a new stimulus package to boost the eurozone economy. (Dec 12)

Retail

• Retail sales in the United States fell 0.3% in November, the largest decline since September 2009, amid concerns over the trade war and slowing economic growth. (Dec 13)
• Walmart announced a 3.4% increase in same-store sales in the fourth quarter, citing strong demand for groceries and e-commerce. (Dec 11)

Energy

• Oil prices fell 12% in December, amid concerns over slowing global demand and a surge in shale oil production in the United States. (Dec 31)
• The Organization of the Petroleum Exporting Countries (OPEC) and its allies agreed to cut oil production by 500,000 barrels per day in 2020. (Dec 6)

These are just a few of the key business news stories from December 2019. If you're looking for more information, I'd be happy to help!