Cnn business news 30 july 2019
Here are the top stories from CNN Business News on July 30, 2019:
Market News
- Dow Jones Industrial Average falls 286 points: The Dow Jones Industrial Average fell 286 points, or 1.1%, to close at 26,859.83, 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 2,948.57, 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 215,000 in the week ending July 27, according to the Labor Department.
Tech
- Apple's iPhone sales decline: Apple's iPhone sales declined 12% in the second quarter, according to a report from research firm IDC.
- Amazon's Alexa faces competition: Amazon's Alexa smart speaker faces increasing competition from Google and other rivals, according to a report from research firm 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 raise minimum wage: Walmart announced that it would raise its minimum wage to $12 an hour for its US employees, effective in October.
International
- UK economy contracts: The UK economy contracted by 0.2% in the second quarter, according to the Office for National Statistics (ONS).
- China's economy grows 6.2%: China's economy grew 6.2% 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 30, 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!