Cnn business news 2 june 2019
Here are the top stories from CNN Business News on June 2, 2019:
Market News
- Dow Jones Industrial Average falls 617 points: The Dow Jones Industrial Average plummeted 617 points, or 2.1%, to close at 25,477.50, its biggest one-day decline since January.
- S&P 500 falls 2.5%: The S&P 500 index fell 2.5% to 2,853.48, its biggest one-day decline since December.
- Nasdaq Composite falls 3.1%: The Nasdaq Composite fell 3.1% to 7,726.04, its biggest one-day decline since October.
Economy
- US economy grows at 3.1% annual rate: The US economy grew at a 3.1% annual rate in the first quarter, slightly below expectations, according to the Bureau of Economic Analysis.
- US-China trade talks to resume: The US and China will resume trade talks in Beijing next week, with the goal of reaching a deal to end the trade war.
Tech
- Facebook's Libra cryptocurrency faces scrutiny: Facebook's Libra cryptocurrency is facing scrutiny from lawmakers and regulators, who are concerned about its potential impact on the financial system.
- Apple's stock falls after earnings miss: Apple's stock fell 2.5% after the company reported earnings that missed expectations.
Business
- Walmart to acquire Cornershop: Walmart has agreed to acquire Cornershop, a Chilean grocery delivery company, for $225 million.
- Amazon to open new headquarters in Arlington: Amazon has announced plans to open a new headquarters in Arlington, Virginia, which will create 25,000 jobs.
Politics
- Trump to impose tariffs on Mexico: President Trump has announced plans to impose tariffs on Mexico, citing the country's failure to stop the flow of migrants into the US.
- US-China trade war to continue: The US-China trade war is likely to continue, with both sides refusing to back down from their positions.
These are just some of the top stories from CNN Business News on June 2, 2019. Let me know if you'd like me to provide more information or if you have any specific questions!