Current business news

Here are some current business news stories:

Top Stories

  1. Tesla's Stock Plunges: Tesla's stock price fell by 10% after the company's CEO Elon Musk tweeted that he was considering taking the company private. The tweet sparked concerns about the company's financial stability and the feasibility of a private takeover. (Source: CNBC)
  2. Amazon Acquires Eero: Amazon has acquired Eero, a startup that makes Wi-Fi routers, for $97 million. The acquisition is seen as a move to expand Amazon's presence in the smart home market. (Source: The Verge)
  3. Facebook's Revenue Growth Slows: Facebook's revenue growth slowed down in the second quarter, with the company reporting a 12% increase in revenue compared to the same period last year. The slowdown is attributed to increased competition from other social media platforms. (Source: Reuters)
  4. Walmart to Acquire Cornershop: Walmart has agreed to acquire Cornershop, a Chilean grocery delivery startup, for $225 million. The acquisition is seen as a move to expand Walmart's e-commerce capabilities in Latin America. (Source: Bloomberg)
  5. Apple's Revenue Hits Record High: Apple's revenue hit a record high in the second quarter, driven by strong sales of iPhones and services. The company reported a 15% increase in revenue compared to the same period last year. (Source: Apple)

Industry News

  1. Tech Layoffs Continue: Several tech companies, including Google, Microsoft, and IBM, have announced layoffs in recent weeks. The layoffs are attributed to a slowdown in the tech industry and increased competition. (Source: TechCrunch)
  2. Retail Sales Decline: Retail sales in the US declined in July, with the National Retail Federation reporting a 0.7% decrease compared to the same period last year. The decline is attributed to a slowdown in consumer spending. (Source: National Retail Federation)
  3. Oil Prices Rise: Oil prices rose to their highest level in three years, driven by a decline in global oil inventories and increased demand. The rise in oil prices is expected to have a positive impact on the energy sector. (Source: Bloomberg)
  4. Cryptocurrency Prices Plummet: Cryptocurrency prices, including Bitcoin and Ethereum, have plummeted in recent weeks, driven by a decline in investor confidence and increased regulatory scrutiny. (Source: CoinDesk)
  5. Trade Tensions Escalate: Trade tensions between the US and China have escalated, with the US imposing tariffs on an additional $16 billion worth of Chinese goods. China has retaliated by imposing tariffs on $16 billion worth of US goods. (Source: Reuters)

Company News

  1. Disney's Revenue Falls: Disney's revenue fell by 1% in the second quarter, driven by a decline in revenue from its film and television divisions. The company reported a 12% increase in revenue from its theme parks and resorts. (Source: Disney)
  2. Coca-Cola's Revenue Falls: Coca-Cola's revenue fell by 2% in the second quarter, driven by a decline in revenue from its beverage divisions. The company reported a 4% increase in revenue from its North American business. (Source: Coca-Cola)
  3. Procter & Gamble's Revenue Falls: Procter & Gamble's revenue fell by 1% in the second quarter, driven by a decline in revenue from its beauty and grooming divisions. The company reported a 3% increase in revenue from its North American business. (Source: Procter & Gamble)
  4. McDonald's Revenue Falls: McDonald's revenue fell by 1% in the second quarter, driven by a decline in revenue from its US business. The company reported a 2% increase in revenue from its international business. (Source: McDonald's)
  5. Starbucks' Revenue Falls: Starbucks' revenue fell by 2% in the second quarter, driven by a decline in revenue from its US business. The company reported a 4% increase in revenue from its international business. (Source: Starbucks)