Cnn business news 17 july 2019

Here are the top stories from CNN Business News on July 17, 2019:

Market News

• Dow Jones Industrial Average falls 286 points: The Dow Jones Industrial Average fell 286 points, or 1.1%, to 26,949, as investors grew concerned about the US-China trade war and the impact on the global economy.
• S&P 500 and Nasdaq also decline: The S&P 500 fell 0.9% to 3,020, while the Nasdaq Composite dropped 0.8% to 8,244.
• US-China trade talks to resume: The US and China have agreed to resume trade talks in September, with the goal of reaching a deal to end the trade war.

Economy

• US GDP growth slows: The US economy grew at a slower pace than expected in the second quarter, with GDP increasing at a 2.1% annual rate, down from 3.1% in the first quarter.
• Jobless claims rise: The number of Americans filing for unemployment benefits rose by 1,000 to 209,000, a sign that the labor market may be slowing.

Tech

• Apple's stock falls: Apple's stock fell 2.5% after the company reported weaker-than-expected sales of its iPhones and other products.
• Amazon's Alexa faces competition: Amazon's Alexa smart speaker faces increased competition from Google and other companies, according to a report from eMarketer.

Business

• Boeing's 737 Max faces new setback: Boeing's 737 Max jet faces a new setback after the Federal Aviation Administration (FAA) said it would require additional testing before the plane can be cleared for flight.
• Walmart to test robot delivery: Walmart is testing a new delivery service that uses robots to deliver groceries and other items to customers.

International

• UK economy contracts: The UK economy contracted by 0.2% in the second quarter, its first contraction since 2012, according to data from the Office for National Statistics.
• China's economy grows at slowest pace in 27 years: China's economy grew at its slowest pace in 27 years, with GDP increasing by 6.2% in the second quarter.

These are just some of the top stories from CNN Business News on July 17, 2019. If you'd like to see more, please let me know!