Cnn business news 20 july 2019
Here are the top stories from CNN Business News on July 20, 2019:
Market News
- Dow Jones Industrial Average falls 286 points: The Dow Jones Industrial Average fell 286 points, or 1.1%, to 26,806.84, 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 1.2% to 2,939.85, while the Nasdaq Composite dropped 1.5% to 8,004.91.
- US-China trade talks to resume: The US and China have agreed to resume trade talks in September, according to a statement from the White House.
Economy
- US GDP growth slows: The US economy grew at a 2.1% annual rate in the second quarter, down from 3.1% in the first quarter, according to the Bureau of Economic Analysis.
- Jobless claims rise: The number of Americans filing for unemployment benefits rose by 1,000 to 209,000 in the week ending July 13, according to the Labor Department.
Tech
- Apple's stock falls: Apple's stock fell 2.5% after the company reported weaker-than-expected sales of its latest iPhones.
- Amazon's Alexa faces competition: Amazon's Alexa smart speaker faces increased competition from Google and other rivals, 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 robot delivery service in several cities, according to a report from Bloomberg.
International
- UK economy contracts: The UK economy contracted by 0.2% in the second quarter, according to the Office for National Statistics.
- China's economy grows: China's economy grew at a 6.2% annual rate in the second quarter, according to the National Bureau of Statistics.
These are just some of the top stories from CNN Business News on July 20, 2019. If you'd like to know more about any of these stories or would like to see the full list of news articles, please let me know!