Cnn business news

Here are the latest news and updates from CNN Business:

Top Stories

  1. Stocks fall as inflation fears rise: The Dow Jones Industrial Average fell over 200 points on Tuesday, as investors grew increasingly concerned about inflation and the potential impact on the economy.
  2. Amazon to hire 100,000 workers: Amazon announced plans to hire 100,000 new workers in the United States and Canada, as the company prepares for the holiday shopping season.
  3. Tesla's stock surges: Tesla's stock price surged over 10% on Tuesday, after the company reported a surprise profit in the third quarter.
  4. Fed raises interest rates: The Federal Reserve raised interest rates for the third time this year, as the central bank seeks to combat inflation and keep the economy growing.
  5. Walmart to raise wages: Walmart announced plans to raise the minimum wage for its US employees to $15 per hour, as the company seeks to attract and retain workers in a tight labor market.

Business News

  1. Apple to launch new iPhone: Apple is expected to launch a new iPhone later this year, with rumors suggesting that the device will feature a new design and improved camera capabilities.
  2. Google to invest in renewable energy: Google announced plans to invest in renewable energy projects around the world, as the company seeks to reduce its carbon footprint.
  3. Microsoft to acquire Activision Blizzard: Microsoft announced plans to acquire Activision Blizzard, the parent company of popular video game franchises such as Call of Duty and World of Warcraft.
  4. Ford to invest in electric vehicles: Ford announced plans to invest $11.4 billion in electric vehicle technology, as the company seeks to expand its offerings in the growing electric vehicle market.
  5. Coca-Cola to acquire Costa Coffee: Coca-Cola announced plans to acquire Costa Coffee, the UK-based coffee chain, for $5.1 billion.

Market Data

  1. Dow Jones Industrial Average: 29,310.17 (-200.14)
  2. S&P 500: 3,473.44 (-14.44)
  3. Nasdaq Composite: 11,444.25 (-55.44)
  4. Gold: $1,931.10 per ounce
  5. Oil: $64.44 per barrel

Economic Indicators

  1. Inflation Rate: 2.3% (annualized)
  2. Unemployment Rate: 3.7%
  3. GDP Growth Rate: 2.1% (annualized)
  4. Consumer Confidence: 125.1 (index)
  5. Housing Starts: 1.42 million (annualized)

These are just some of the latest news and updates from CNN Business. Stay tuned for more information and analysis on the world of business and finance.