Cnn business news today

Here are the top stories from CNN Business News today:

Market News

• Dow Jones Industrial Average falls over 500 points: The Dow Jones Industrial Average plummeted over 500 points, or 1.7%, to 33,147. The S&P 500 fell 1.5% to 4,134, while the Nasdaq Composite dropped 1.4% to 12,444.
• Stocks slide as inflation concerns rise: Investors are growing increasingly concerned about inflation, which could lead to higher interest rates and slower economic growth.

Economy

• US economy grows at 6.4% annual rate in Q2: The US economy expanded at a 6.4% annual rate in the second quarter, according to the Bureau of Economic Analysis. This is the fastest pace since the third quarter of 2020.
• Jobless claims fall to 360,000: The number of Americans filing for unemployment benefits fell to 360,000 last week, the lowest level since March 2020.

Tech

• Apple to invest $1 billion in India: Apple has announced plans to invest $1 billion in India, including the establishment of a new manufacturing facility and the creation of thousands of jobs.
• Google to pay $392 million to settle ad-tracking lawsuit: Google has agreed to pay $392 million to settle a lawsuit alleging that it tracked users' online activities without their consent.

Business

• Walmart to raise minimum wage to $15 an hour: Walmart has announced that it will raise its minimum wage to $15 an hour for its US employees, effective in February 2022.
• Amazon to hire 100,000 workers for holiday season: Amazon is hiring 100,000 temporary workers to help with the holiday season rush, with many of the jobs available in fulfillment centers and delivery hubs.

International

• UK economy contracts by 0.1% in Q2: The UK economy contracted by 0.1% in the second quarter, according to the Office for National Statistics. This is the first contraction since the third quarter of 2020.
• China's economic growth slows to 7.9%: China's economic growth slowed to 7.9% in the second quarter, according to the National Bureau of Statistics. This is the slowest pace since the first quarter of 2020.

These are just a few of the top stories from CNN Business News today.