Cnn busines news 25 july 2019

Here are the top business news stories from CNN Business on July 25, 2019:

1. US-China trade talks to resume in September: The US and China have agreed to resume trade talks in September, according to a statement from the White House. The talks will focus on resolving the ongoing trade dispute between the two countries.

2. Amazon to acquire Eero: Amazon has agreed to acquire Eero, a startup that makes mesh Wi-Fi routers, for an undisclosed sum. The acquisition is expected to help Amazon improve its home internet offerings.

3. US GDP growth slows to 2.1% in Q2: The US economy grew at a slower pace in the second quarter, with GDP expanding at a 2.1% annual rate, according to the Bureau of Economic Analysis. The slowdown was attributed to a decline in consumer spending and a decrease in business investment.

4. Facebook to launch cryptocurrency: Facebook is set to launch its own cryptocurrency, called Libra, in the coming months. The digital currency will be backed by a reserve of traditional currencies and will be available for use on Facebook's platforms.

5. Boeing to pay $100 million to 737 Max crash victims: Boeing has agreed to pay $100 million to the families of the 346 people who died in the two crashes of its 737 Max jet. The company has also agreed to provide financial support to the families of the victims.

6. US jobless claims fall to 209,000: The number of Americans filing for unemployment benefits fell to 209,000 last week, according to the Labor Department. The decline was attributed to a strong labor market and a low unemployment rate.

7. Goldman Sachs to pay $2.9 billion to settle 1MDB scandal: Goldman Sachs has agreed to pay $2.9 billion to settle allegations that it helped embezzle billions of dollars from Malaysia's 1MDB state investment fund. The scandal led to the arrest of several high-ranking officials and the resignation of Goldman Sachs' CEO.

8. US-China trade tensions weigh on global economy: The ongoing trade tensions between the US and China are weighing on the global economy, with many countries experiencing slower growth and higher inflation. The International Monetary Fund has warned that the trade tensions could lead to a global recession.

9. Apple to launch new iPhone in September: Apple is set to launch a new iPhone in September, according to reports. The new iPhone is expected to feature a triple-camera setup and a faster processor.

10. US retail sales rise 0.7% in June: US retail sales rose 0.7% in June, according to the Commerce Department. The increase was attributed to a strong labor market and a low unemployment rate.

These are just some of the top business news stories from CNN Business on July 25, 2019.