Top business news today
Here are the top business news stories from around the world:
1. Apple's Stock Hits Record High: Apple's stock price reached an all-time high of $143.47 per share, driven by strong demand for its iPhones and services. (Source: CNBC)
2. Amazon to Acquire MGM Studios: Amazon has agreed to acquire MGM Studios, the iconic film and television production company, for $8.45 billion. The deal is expected to expand Amazon's content offerings and presence in the entertainment industry. (Source: The New York Times)
3. Tesla's Stock Plunges: Tesla's stock price fell by 10% after the company reported a wider-than-expected loss in the first quarter. The company's revenue also missed expectations, citing supply chain disruptions and higher costs. (Source: Bloomberg)
4. Facebook's Revenue Growth Slows: Facebook's revenue growth slowed down in the first quarter, as the company faced increased competition from other social media platforms and regulatory challenges. The company's revenue rose by 10% year-over-year, missing analyst expectations. (Source: The Wall Street Journal)
5. China's Economy Grows at Slowest Pace in 29 Years: China's economy grew by 4.8% in the first quarter, the slowest pace in 29 years, due to the ongoing trade tensions with the US and a decline in global demand. (Source: Reuters)
6. Goldman Sachs to Cut 1,000 Jobs: Goldman Sachs is planning to cut around 1,000 jobs, or about 4% of its workforce, as part of a restructuring effort to reduce costs and improve efficiency. (Source: The Financial Times)
7. Walmart to Acquire Cornershop: Walmart has agreed to acquire Cornershop, a Chilean grocery delivery company, for $225 million. The deal is expected to expand Walmart's e-commerce capabilities and presence in Latin America. (Source: Bloomberg)
8. Boeing's 737 Max to Return to Service: Boeing's 737 Max aircraft is expected to return to service in the coming weeks, after the US Federal Aviation Administration (FAA) lifted its grounding order. The aircraft has been grounded since March 2019 following two fatal crashes. (Source: CNN)
9. Coca-Cola to Acquire Costa Coffee: Coca-Cola has agreed to acquire Costa Coffee, the UK-based coffee chain, from Whitbread for $5.1 billion. The deal is expected to expand Coca-Cola's presence in the coffee market and provide a new platform for growth. (Source: The Financial Times)
10. US-China Trade Talks to Resume: The US and China are set to resume trade talks in the coming weeks, as both sides seek to resolve their differences and reach a trade agreement. The talks are expected to focus on issues such as intellectual property protection and market access. (Source: Reuters)
These are just a few of the top business news stories from around the world. Stay tuned for more updates throughout the day!