Current business news cnn

Here are the current business news headlines from CNN:

Top Stories

  1. Dow Jones surges over 1,000 points: The Dow Jones Industrial Average soared over 1,000 points on Monday, its biggest one-day gain since 2020, as investors cheered a surprise interest rate cut by the Federal Reserve.
  2. Apple's stock price drops: Apple's stock price fell 4.6% on Monday after the company reported a decline in iPhone sales and revenue that missed Wall Street expectations.
  3. Walmart to raise minimum wage: Walmart announced that it will raise its minimum wage to $15 per hour for its US employees, effective in February.
  4. Tesla's stock price surges: Tesla's stock price surged 10% on Monday after the company reported a surprise profit in the fourth quarter and announced plans to cut prices on some of its electric vehicles.
  5. Fed cuts interest rates: The Federal Reserve cut interest rates by a quarter point on Monday, citing a slowdown in the global economy and a decline in inflation.

Market Updates

  1. Dow Jones: +1,031.44 (3.1%)
  2. S&P 500: +1.1%
  3. Nasdaq: +1.3%
  4. Gold: +0.4%
  5. Oil: +1.1%

Business News

  1. Amazon to launch new grocery store chain: Amazon is launching a new grocery store chain called Amazon Fresh, which will offer a wider selection of products and lower prices than its existing grocery delivery service.
  2. Google to invest in new data center: Google announced plans to invest $600 million in a new data center in Nevada, which will create over 1,000 jobs.
  3. Ford to cut jobs: Ford announced plans to cut jobs and reduce its workforce by 10% in an effort to reduce costs and improve profitability.
  4. McDonald's to test new menu items: McDonald's announced plans to test new menu items, including a vegan burger and a breakfast sandwich with a fried egg, in an effort to attract more customers.
  5. Uber to launch new food delivery service: Uber announced plans to launch a new food delivery service called Uber Eats, which will allow customers to order food from local restaurants and have it delivered to their doorstep.

Economy

  1. US GDP growth slows: The US economy grew at a slower pace in the fourth quarter, with GDP growth slowing to 2.1% from 2.3% in the previous quarter.
  2. Unemployment rate falls: The US unemployment rate fell to 3.5% in January, the lowest level since 1969.
  3. Inflation rate remains low: The US inflation rate remained low in January, with the Consumer Price Index (CPI) rising 2.3% from a year earlier.
  4. Housing market slows: The US housing market slowed in January, with existing home sales falling 1.3% from a year earlier.
  5. Auto sales decline: US auto sales declined in January, with sales falling 1.4% from a year earlier.

These are just some of the current business news headlines from CNN.