Nta business news
Here are the latest business news updates:
Top Stories
- Tesla's Stock Plunges: Tesla's stock price fell by 10% after the company's CEO Elon Musk tweeted that the company would be "pausing" its operations in California due to the state's COVID-19 restrictions.
- Amazon Acquires Zoox: Amazon has acquired autonomous vehicle startup Zoox for $1.2 billion, expanding its presence in the self-driving car market.
- Walmart to Acquire Cornershop: Walmart has agreed to acquire Chilean grocery delivery startup Cornershop for $225 million, expanding its e-commerce capabilities in Latin America.
Market Updates
- Dow Jones Falls: The Dow Jones Industrial Average fell by 0.5% to 31,430.41, while the S&P 500 index declined by 0.4% to 3,844.41.
- Nasdaq Rises: The Nasdaq composite index rose by 0.2% to 12,444.41, driven by gains in technology stocks.
- Oil Prices Rise: Oil prices rose by 1.2% to $64.50 per barrel, driven by a decline in US crude inventories and a weaker dollar.
Economic News
- US GDP Growth: The US economy grew at an annual rate of 4.1% in the third quarter, according to the Bureau of Economic Analysis.
- Inflation Rate: The US inflation rate rose by 0.2% in October, driven by higher prices for food and energy.
- Unemployment Rate: The US unemployment rate fell to 6.9% in October, according to the Bureau of Labor Statistics.
Company News
- Apple to Launch New MacBooks: Apple is expected to launch new MacBook laptops with improved processors and displays.
- Microsoft to Acquire Nuance: Microsoft has agreed to acquire speech recognition company Nuance Communications for $19.7 billion.
- Google to Launch New Pixel Phones: Google is expected to launch new Pixel phones with improved cameras and processors.
These are just some of the latest business news updates. Let me know if you'd like me to provide more information on any of these stories or if you have any specific questions!