Cnnmoney news

Here are the latest news stories from CNNMoney:

Top Stories

  1. Stocks surge as investors bet on economic recovery: The Dow Jones Industrial Average and S&P 500 both rose more than 2% on Monday, as investors bet on a recovery in the economy.
  2. Amazon to hire 100,000 workers in the US: Amazon is hiring 100,000 workers in the US to help meet the surge in demand for online shopping during the pandemic.
  3. Goldman Sachs to pay $3.2 billion to settle 1MDB scandal: Goldman Sachs has agreed to pay $3.2 billion to settle allegations that it helped embezzle billions of dollars from Malaysia's 1MDB state investment fund.

Business

  1. Walmart to offer same-day delivery in hundreds of stores: Walmart is expanding its same-day delivery service to hundreds of stores across the US, in an effort to compete with online retailers like Amazon.
  2. Tesla's stock surges after Elon Musk's tweet: Tesla's stock surged more than 10% on Monday after Elon Musk tweeted that the company's stock price was "too low."
  3. Apple to launch new iPhone 13 series in September: Apple is expected to launch its new iPhone 13 series in September, with rumors suggesting that the new phones will feature improved cameras and faster processors.

Technology

  1. Facebook to pay $650 million to settle privacy lawsuit: Facebook has agreed to pay $650 million to settle a lawsuit alleging that it violated users' privacy by collecting and sharing their personal data without consent.
  2. Google to launch new Pixel 6 smartphone in October: Google is expected to launch its new Pixel 6 smartphone in October, with rumors suggesting that the new phone will feature a new design and improved camera capabilities.
  3. Microsoft to acquire ZeniMax Media for $7.5 billion: Microsoft has agreed to acquire ZeniMax Media, the parent company of Bethesda Softworks, for $7.5 billion.

Economy

  1. US economy grows at 6.4% annual rate in Q2: The US economy grew at a 6.4% annual rate in the second quarter, according to the Bureau of Economic Analysis.
  2. Unemployment rate falls to 5.4% in July: The US unemployment rate fell to 5.4% in July, according to the Bureau of Labor Statistics.
  3. Federal Reserve keeps interest rates unchanged: The Federal Reserve kept interest rates unchanged on Wednesday, citing concerns about the economic recovery.