Financial news for february 2019
Here are some key financial news stories from February 2019:
Global Economy
- The International Monetary Fund (IMF) cut its global economic growth forecast for 2019 to 3.3%, citing rising trade tensions and slowing growth in major economies. (Source: Reuters)
- The World Bank also lowered its growth forecast for 2019, citing a slowdown in global trade and investment. (Source: Bloomberg)
Stock Markets
- The S&P 500 index fell 4.1% in February, its worst month since October 2018, as investors worried about the impact of the partial government shutdown and slowing global growth. (Source: CNBC)
- The Dow Jones Industrial Average fell 3.5% in February, its worst month since October 2018. (Source: CNN)
- The Nasdaq composite index fell 4.4% in February, its worst month since October 2018. (Source: The Wall Street Journal)
Interest Rates
- The Federal Reserve left interest rates unchanged in February, but signaled that it may cut rates later this year if the economy slows down. (Source: The New York Times)
- The European Central Bank also left interest rates unchanged in February, but hinted that it may cut rates later this year to boost the economy. (Source: Bloomberg)
Cryptocurrencies
- Bitcoin fell below $3,000 in February, its lowest level since December 2018, as investors worried about the impact of regulatory crackdowns and slowing global growth. (Source: CNBC)
- Other cryptocurrencies, such as Ethereum and Litecoin, also fell in February. (Source: CoinDesk)
Company News
- Amazon announced in February that it would acquire Eero, a company that makes Wi-Fi routers, for $97 million. (Source: The Verge)
- Facebook announced in February that it would launch a new cryptocurrency called Libra, which would be backed by a basket of currencies and would be available to users in 2020. (Source: The New York Times)
- Boeing announced in February that it would cut production of its 737 MAX aircraft, which has been grounded since March 2019 following two fatal crashes. (Source: CNN)
Economic Data
- The US unemployment rate fell to 3.8% in February, its lowest level since December 2019. (Source: The Wall Street Journal)
- The US economy added 311,000 jobs in February, beating expectations. (Source: CNBC)
- The US consumer price index (CPI) rose 1.5% in February, its lowest level since October 2015. (Source: The New York Times)
These are just a few of the key financial news stories from February 2019. If you're looking for more information, I'd be happy to help!