Trending business news today
Here are some of the trending business news stories today:
- Tesla's Stock Plunges: Tesla's stock price fell by 10% after the company's CEO Elon Musk tweeted that he was considering taking the company private. The tweet sparked concerns about the company's financial stability and the feasibility of a private takeover. (Source: CNBC)
- Amazon Acquires Eero: Amazon has acquired Eero, a startup that makes Wi-Fi routers, for an undisclosed sum. The acquisition is seen as a move to strengthen Amazon's presence in the smart home market. (Source: The Verge)
- Facebook's Libra Cryptocurrency: Facebook's Libra cryptocurrency has faced criticism from regulators and lawmakers, who are concerned about the potential risks and implications of the digital currency. The company has delayed the launch of Libra until 2020 to address these concerns. (Source: Bloomberg)
- WeWork's IPO: WeWork, a shared workspace company, has filed for an initial public offering (IPO) that could value the company at up to $47 billion. The IPO has been met with skepticism from investors, who are concerned about the company's financials and governance. (Source: The New York Times)
- Trade War Update: The US and China have agreed to a temporary truce in their trade war, with the US delaying a planned tariff increase on Chinese goods. The agreement is seen as a positive development, but the trade war is far from over. (Source: Reuters)
- Google's Antitrust Probe: The US Department of Justice has launched an antitrust probe into Google's business practices, focusing on the company's dominance in the search and advertising markets. The probe is seen as a major challenge for Google, which has faced criticism for its market power. (Source: The Wall Street Journal)
- Uber's IPO: Uber's IPO has been met with lukewarm reception from investors, with the company's stock price falling by 8% on its first day of trading. The IPO has raised concerns about the company's financials and governance. (Source: Forbes)
- Boeing's 737 Max Crisis: Boeing's 737 Max aircraft has been grounded worldwide following two fatal crashes, and the company is facing a major crisis. The company has announced a series of measures to address the crisis, including a software update and a review of its safety procedures. (Source: CNN)
- Apple's Services Revenue: Apple's services revenue has reached a record high, driven by growth in its subscription-based services such as Apple Music and Apple TV+. The company's services revenue has become a key driver of its growth and profitability. (Source: Apple)
- Goldman Sachs' Digital Banking: Goldman Sachs has launched a digital banking platform, called Marcus, which offers high-yield savings accounts and personal loans. The platform is seen as a major challenge for traditional banks, which are struggling to adapt to the digital age. (Source: The Financial Times)
These are just a few of the trending business news stories today. Stay tuned for more updates!