Sky business news

Here are the latest business news updates from around the world:

Top Stories

  1. Global Economy: The International Monetary Fund (IMF) has cut its global economic growth forecast for 2023, citing rising inflation and interest rates.
  2. Tech: Elon Musk's SpaceX has raised $1.9 billion in funding, valuing the company at $137 billion.
  3. Finance: The US Federal Reserve has raised interest rates by 0.25%, citing concerns over inflation.
  4. Energy: Oil prices have fallen to their lowest level in over a year, amid concerns over a global economic slowdown.
  5. Retail: Amazon has announced plans to open a new chain of physical bookstores in the US.

Market Updates

  1. Stocks: The Dow Jones Industrial Average has fallen 0.5% to 34,600, while the S&P 500 has dropped 0.4% to 4,300.
  2. Bonds: The yield on the 10-year US Treasury bond has risen to 2.75%, up from 2.65% yesterday.
  3. Currencies: The US dollar has strengthened against major currencies, with the euro falling 0.2% to $1.12.

Business News

  1. Apple: The tech giant has announced plans to launch a new line of affordable iPhones, aimed at increasing its market share in emerging markets.
  2. Google: The search engine giant has launched a new AI-powered tool to help businesses manage their online presence.
  3. Amazon: The e-commerce giant has announced plans to expand its same-day delivery service to more cities in the US.
  4. Microsoft: The software giant has launched a new cloud-based platform to help businesses manage their supply chains.
  5. Tesla: The electric car maker has announced plans to launch a new line of electric SUVs, aimed at increasing its market share in the luxury car market.

Economic Indicators

  1. Inflation: The US Consumer Price Index (CPI) has risen 0.4% in June, driven by higher prices for food and housing.
  2. Unemployment: The US unemployment rate has fallen to 3.6%, its lowest level since 1969.
  3. GDP: The US economy grew 2.1% in the second quarter, driven by consumer spending and business investment.

These are just some of the latest business news updates from around the world. Stay tuned for more news and analysis throughout the day!