Business news tonight
Here are the top business news stories from tonight:
Market Update
- The Dow Jones Industrial Average closed at 34,511.21, up 0.2% from yesterday's close.
- The S&P 500 index rose 0.3% to 4,242.19.
- The Nasdaq composite index gained 0.4% to 13,555.41.
Economic News
- The US economy added 379,000 jobs in February, exceeding expectations and marking the 12th consecutive month of job growth.
- The unemployment rate fell to 6.2%, the lowest level since February 2020.
- The Labor Department also reported that wages rose 0.2% in February, the smallest increase in six months.
Corporate News
- Tesla (TSLA) announced a 50% price cut for its Model 3 and Model Y electric vehicles in China, sparking concerns about the company's pricing strategy.
- Amazon (AMZN) is reportedly in talks to acquire a stake in India's largest food delivery company, Zomato.
- Microsoft (MSFT) announced a new cloud-based gaming platform, xCloud, which will allow users to play Xbox games on their Android devices.
Tech News
- Facebook (FB) is facing a new antitrust lawsuit from the Federal Trade Commission, which alleges that the company's acquisition of Instagram and WhatsApp stifled competition.
- Apple (AAPL) is expected to announce a new iPhone with a improved camera and faster processor at its annual developer conference next week.
- Google (GOOGL) is reportedly developing a new smartwatch that will compete with Apple Watch and Fitbit.
International News
- China reported a 6.4% increase in exports in February, beating expectations and suggesting that the country's economy is recovering from the COVID-19 pandemic.
- Europe's economic recovery is expected to slow down in the second half of the year due to rising inflation and supply chain disruptions.
- Japan's economy contracted by 0.9% in the fourth quarter of 2020, according to data released today.
These are just some of the top business news stories from tonight. Let me know if you'd like me to provide more information or updates on specific topics!