Business news today
Here are some of the top business news stories from around the world today:
Global Economy
- The International Monetary Fund (IMF) has cut its global economic growth forecast for 2023, citing rising inflation and interest rates. (Source: Reuters)
- The World Bank has warned that the global economy is facing a "perfect storm" of challenges, including high inflation, supply chain disruptions, and the ongoing COVID-19 pandemic. (Source: Bloomberg)
Stock Market
- The Dow Jones Industrial Average fell over 300 points on Tuesday, as investors reacted to concerns over inflation and interest rates. (Source: CNBC)
- The S&P 500 index also fell, with technology and healthcare stocks leading the decline. (Source: The Wall Street Journal)
Tech
- Tesla's stock price fell over 5% on Tuesday, after the company's CEO Elon Musk tweeted that he was considering taking the company private. (Source: CNN)
- Amazon has announced plans to launch a new line of affordable smart home devices, in an effort to compete with rival companies like Google and Apple. (Source: The Verge)
Finance
- The Federal Reserve has raised interest rates for the third time this year, citing concerns over inflation and the economy. (Source: The New York Times)
- JPMorgan Chase has announced plans to launch a new digital bank, which will offer customers a range of financial services, including checking and savings accounts. (Source: Forbes)
Business Leaders
- Jeff Bezos, the founder of Amazon, has stepped down as CEO of the company, and will become the company's executive chairman. (Source: The Washington Post)
- Mary Barra, the CEO of General Motors, has announced plans to retire from the company in 2023. (Source: Automotive News)
Industry News
- The airline industry is facing a major crisis, as rising fuel costs and travel restrictions due to the COVID-19 pandemic have led to a significant decline in demand. (Source: The Financial Times)
- The coffee chain Starbucks has announced plans to expand its delivery service to more cities, in an effort to compete with rival companies like Dunkin' Donuts. (Source: USA Today)
These are just a few of the top business news stories from around the world today.