Cnn money news

Here are the latest news and updates from CNN Money:

Top Stories

  1. Stocks fall as tech sector leads decline: The Dow Jones Industrial Average fell 0.4% on Tuesday, led by a decline in tech stocks. The S&P 500 also fell 0.4%, while the Nasdaq Composite dropped 0.6%.
  2. Amazon to acquire MGM Studios: Amazon has agreed to acquire MGM Studios, the owner of iconic film and TV franchises such as James Bond and Rocky, for $8.45 billion.
  3. US economy adds 266,000 jobs in April: The US economy added 266,000 jobs in April, beating expectations and marking the 12th consecutive month of job growth.
  4. Tesla's Elon Musk sells $4 billion in stock: Tesla CEO Elon Musk has sold $4 billion worth of stock in the company, according to a filing with the Securities and Exchange Commission.
  5. Gold prices surge to 2-year high: Gold prices surged to a two-year high on Tuesday, driven by concerns over inflation and the US-China trade dispute.

Business News

  1. Walmart to acquire Cornershop: Walmart has agreed to acquire Cornershop, a Chilean grocery delivery company, for $225 million.
  2. Facebook to launch cryptocurrency: Facebook is set to launch its own cryptocurrency, called Libra, which will be backed by a reserve of assets and will be available to users in the US and other countries.
  3. Boeing to cut 2,500 jobs: Boeing has announced plans to cut 2,500 jobs, or about 1.5% of its workforce, due to the ongoing grounding of its 737 Max aircraft.
  4. Apple to launch new iPhone: Apple is set to launch a new iPhone, the iPhone 12, which will feature a new design and improved camera capabilities.
  5. US-China trade talks to resume: The US and China have agreed to resume trade talks, which will focus on resolving outstanding issues and reaching a new trade agreement.

Personal Finance

  1. How to save money on your taxes: With tax season in full swing, here are some tips on how to save money on your taxes.
  2. The best credit cards for travel: If you're planning a trip, here are some of the best credit cards for travel, including cards that offer rewards, travel insurance, and more.
  3. How to invest in real estate: Investing in real estate can be a great way to build wealth, but it requires careful planning and research. Here are some tips on how to get started.
  4. The best budgeting apps: There are many budgeting apps available, but which ones are the best? Here are some of the top-rated apps for tracking your finances.
  5. How to avoid credit card debt: Credit card debt can be a major financial burden, but there are steps you can take to avoid it. Here are some tips on how to stay debt-free.