Cnn business news 26 may 2019
Here are the top stories from CNN Business News on May 26, 2019:
Market News
- Dow Jones Industrial Average closes above 27,000 for the first time: The Dow Jones Industrial Average closed above 27,000 for the first time on Friday, driven by strong earnings reports and optimism about the US economy. The index ended the day at 27,088.25, up 0.2%.
- S&P 500 and Nasdaq also hit new highs: The S&P 500 and Nasdaq composite also reached new highs on Friday, with the S&P 500 closing at 3,094.49 and the Nasdaq ending the day at 8,555.95.
Economy
- US economy grows at 3.1% annual rate in Q1: The US economy grew at a 3.1% annual rate in the first quarter, according to the Bureau of Economic Analysis. The growth rate was slightly higher than expected and marked the 10th consecutive quarter of growth.
- US-China trade talks to resume in June: The US and China have agreed to resume trade talks in June, according to a statement from the White House. The talks are expected to focus on issues such as intellectual property and technology transfer.
Tech
- Apple to launch new iPhone with triple-camera setup: Apple is expected to launch a new iPhone with a triple-camera setup, according to a report from Bloomberg. The new camera system is expected to improve the phone's photography capabilities.
- Amazon to launch new Echo smart speaker: Amazon is expected to launch a new Echo smart speaker, according to a report from CNET. The new speaker is expected to have improved sound quality and a new design.
Business
- Walmart to acquire Cornershop for $225 million: Walmart has agreed to acquire Cornershop, a Chilean grocery delivery company, for $225 million. The acquisition is expected to help Walmart expand its online grocery delivery capabilities.
- United Airlines to launch new premium economy seats: United Airlines is launching new premium economy seats on its international flights, according to a report from The Points Guy. The new seats are expected to offer more legroom and amenities such as priority check-in and boarding.
These are just a few of the top stories from CNN Business News on May 26, 2019. If you're looking for more information or want to stay up-to-date on the latest business news, I recommend checking out the CNN Business website or following them on social media.