Cnn business news 26 july 2019

Here are the top stories from CNN Business News on July 26, 2019:

Market News

• Dow Jones Industrial Average falls 286 points: The Dow Jones Industrial Average fell 286 points, or 1.1%, to 26,859.83, as investors grew concerned about the impact of the US-China trade war on the global economy.
• S&P 500 and Nasdaq also decline: The S&P 500 fell 1.2% to 3,020.06, while the Nasdaq Composite dropped 1.5% to 8,244.95.
• US-China trade talks to resume: The US and China 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 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 8,000 to 215,000, the Labor Department reported.
• US manufacturing sector contracts: The Institute for Supply Management reported that the US manufacturing sector contracted for the first time in three years, with a reading of 51.2 in July.

Tech

• Apple's iPhone sales decline: Apple reported a decline in iPhone sales for the first time in 15 years, with revenue falling 12% year-over-year.
• Amazon's Alexa faces competition: Amazon's Alexa smart speaker faces increased competition from Google and other rivals, according to a report from eMarketer.
• Facebook's Libra cryptocurrency faces scrutiny: Facebook's Libra cryptocurrency faces scrutiny from regulators and lawmakers, who are concerned about its potential impact on the financial system.

Business

• Boeing's 737 Max faces new setback: Boeing's 737 Max jet faces a new setback after the Federal Aviation Administration (FAA) announced that it would require additional testing before the plane can be recertified.
• Walmart to acquire Cornershop: Walmart agreed to acquire Cornershop, a Chilean grocery delivery company, for $225 million.
• McDonald's to test plant-based burgers: McDonald's will test plant-based burgers in several cities, including Toronto and New York, as part of a partnership with Beyond Meat.

These are just some of the top stories from CNN Business News on July 26, 2019. If you'd like to see more, please let me know!