Daily news business section

Here are some recent news articles from the business section:

Top Stories

  1. Stock Market Plunges as Global Economy Fears Grow: The Dow Jones Industrial Average fell over 500 points on Monday, as investors grew increasingly concerned about the impact of the COVID-19 pandemic on the global economy. (Source: The New York Times)
  2. Amazon to Acquire MGM Studios for $8.45 Billion: Amazon has agreed to acquire MGM Studios, the iconic film and television production company behind James Bond and Rocky, in a deal worth $8.45 billion. (Source: The Wall Street Journal)
  3. Tesla's Stock Price Soars as Elon Musk's Net Worth Hits $200 Billion: Tesla's stock price surged over 10% on Monday, pushing Elon Musk's net worth to over $200 billion, making him one of the richest people in the world. (Source: CNBC)

Business News

  1. Walmart to Acquire Cornershop, a Chilean Grocery Delivery Service: Walmart has agreed to acquire Cornershop, a Chilean grocery delivery service, in a deal worth $225 million. (Source: Bloomberg)
  2. Facebook to Launch New Cryptocurrency, Libra: Facebook has announced plans to launch a new cryptocurrency, Libra, which will be backed by a reserve of traditional currencies and will be available to users in the United States and other countries. (Source: The Verge)
  3. General Motors to Lay Off Thousands of Workers: General Motors has announced plans to lay off thousands of workers in the United States and Canada, as the company seeks to reduce costs and adapt to changing market conditions. (Source: Reuters)

Economy

  1. US GDP Growth Slows to 2.1% in Second Quarter: The US economy grew at a slower pace in the second quarter, with GDP increasing by 2.1%, down from 3.1% in the first quarter. (Source: The Wall Street Journal)
  2. Unemployment Rate Falls to 3.7%: The US unemployment rate fell to 3.7% in July, the lowest level in 50 years, as the labor market continued to show signs of strength. (Source: CNBC)
  3. Federal Reserve Cuts Interest Rates for Second Time This Year: The Federal Reserve cut interest rates by a quarter point on Wednesday, citing concerns about the impact of trade tensions and slowing global growth on the US economy. (Source: The New York Times)

Technology

  1. Apple to Launch New iPhone 12 Models: Apple is expected to launch new iPhone 12 models later this year, which will feature improved cameras, faster processors, and new designs. (Source: CNET)
  2. Google to Launch New Pixel 4a Smartphone: Google is expected to launch a new Pixel 4a smartphone later this year, which will feature a lower price point and improved camera capabilities. (Source: The Verge)
  3. Microsoft to Launch New Surface Laptop 3: Microsoft is expected to launch a new Surface Laptop 3 later this year, which will feature improved performance, longer battery life, and a new design. (Source: Engadget)