Thisday business news
Here are some of the top business news stories from today:
Market Updates
- The Dow Jones Industrial Average fell 0.2% to 34,033.83, while the S&P 500 slipped 0.1% to 4,155.54. The Nasdaq Composite rose 0.2% to 13,741.51.
- The yield on the 10-year Treasury note fell to 1.53%, its lowest level since February 2021.
Economic News
- The US economy added 379,000 jobs in February, exceeding expectations and marking the 12th consecutive month of job growth.
- The unemployment rate fell to 6.2%, its lowest level since February 2020.
- The Institute for Supply Management (ISM) reported that its manufacturing index fell to 58.7 in February, its lowest level since November 2020.
Company News
- Tesla (TSLA) announced that it will raise the prices of its electric vehicles by up to 20% due to rising raw materials costs.
- Amazon (AMZN) announced that it will acquire MGM Studios for $8.45 billion, expanding its presence in the entertainment industry.
- Johnson & Johnson (JNJ) announced that it will pause the rollout of its COVID-19 vaccine in the US due to concerns over blood clotting.
Tech News
- Apple (AAPL) announced that it will release a new iPhone SE model with a 5G connection and improved camera capabilities.
- Google (GOOGL) announced that it will launch a new cloud gaming service called Stadia Pro, which will allow users to play games on multiple devices.
- Facebook (FB) announced that it will launch a new feature called "Facebook Dating" that will allow users to create a dating profile and connect with others.
International News
- The European Union announced that it will impose tariffs on $4 billion worth of US goods, including bourbon whiskey and orange juice, in response to US subsidies for Boeing.
- The UK and EU reached a deal on trade and security cooperation, paving the way for a post-Brexit trade agreement.
- China's economy grew 6.5% in the fourth quarter, exceeding expectations and marking the first time the country's economy has grown above 6% since 2017.
These are just a few of the top business news stories from today. Let me know if you'd like me to provide more information or updates on specific topics!