Busniess news and update today

Here are some of the top business news and updates for today:

Global Economy

• The International Monetary Fund (IMF) has cut its global economic growth forecast for 2023 to 3.2%, citing rising inflation and interest rates. (Source: Reuters)
• The World Bank has warned that the global economy is facing a "delicate" situation, with risks of a recession increasing. (Source: Bloomberg)

Stock Market

• The Dow Jones Industrial Average fell 0.5% to 34,033.62, while the S&P 500 index declined 0.4% to 4,134.19. (Source: CNBC)
• The Nasdaq composite index dropped 0.6% to 12,444.25. (Source: Bloomberg)

Tech

• Apple has announced a new iPhone 14 Pro model with a higher price tag, starting at $999. (Source: The Verge)
• Amazon has launched a new virtual assistant, Alexa Guard, which can detect and alert users to unusual sounds in their homes. (Source: CNET)

Finance

• The Federal Reserve has raised interest rates by 0.25% to 4.5%, citing concerns over inflation. (Source: The New York Times)
• JPMorgan Chase has announced a new digital bank, Chase Next, which will offer customers a range of financial services. (Source: Forbes)

Business

• McDonald's has announced a new menu item, the McRib, which will be available for a limited time only. (Source: CNN)
• Starbucks has launched a new loyalty program, Starbucks Rewards, which will offer customers more rewards and benefits. (Source: USA Today)

Economy

• The US unemployment rate has fallen to 3.7%, the lowest level since 1969. (Source: The Wall Street Journal)
• The US trade deficit has widened to $67.1 billion in August, the largest deficit on record. (Source: Bloomberg)

These are just a few of the top business news and updates for today. I hope you find them helpful!