Cnn business news 25th august 2019
Here are the top stories from CNN Business News on August 25th, 2019:
Market News
- Dow Jones Industrial Average falls 800 points: The Dow Jones Industrial Average plummeted 800 points, or 2.9%, to close at 25,628. The S&P 500 fell 2.5% to 2,813, while the Nasdaq Composite dropped 2.2% to 7,852.
- Global stocks tumble: Global stocks fell sharply, with the MSCI All-Country World Index declining 2.4%. The yield on the 10-year Treasury note fell to 1.65%, its lowest level since November 2016.
Economy
- US economy grows at 2.1% annual rate: The US economy grew at a 2.1% annual rate in the second quarter, according to the Bureau of Economic Analysis. The growth rate was lower than expected, and the economy has slowed down in recent months.
- US-China trade tensions escalate: The US and China imposed new tariffs on each other's goods, escalating their trade tensions. The US imposed a 10% tariff on $300 billion worth of Chinese goods, while China retaliated with a 5% to 10% tariff on $75 billion worth of US goods.
Tech
- Apple's stock falls 4.2%: Apple's stock fell 4.2% after the company reported weaker-than-expected sales and profits. The company's revenue fell 12% year-over-year, and its profit fell 12.7%.
- Amazon's stock rises 2.5%: Amazon's stock rose 2.5% after the company reported stronger-than-expected sales and profits. The company's revenue rose 20% year-over-year, and its profit rose 15.2%.
Other News
- Boeing's stock falls 3.5%: Boeing's stock fell 3.5% after the company reported a decline in deliveries and revenue. The company's revenue fell 12% year-over-year, and its profit fell 13.4%.
- Gold prices rise: Gold prices rose 1.2% to $1,543.50 per ounce, as investors sought safe-haven assets amid the market volatility.
These are just some of the top stories from CNN Business News on August 25th, 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!