Us business news

Here are some of the latest US business news stories:

Market News

• The Dow Jones Industrial Average closed above 34,000 for the first time on Monday, driven by strong earnings reports from major companies like Apple and Microsoft. (Source: CNBC)
• The S&P 500 index also hit a record high, with the tech-heavy Nasdaq composite index leading the way. (Source: The Wall Street Journal)

Earnings Reports

• Apple reported quarterly earnings that beat expectations, with revenue up 21% year-over-year. (Source: Apple)
• Microsoft reported quarterly earnings that beat expectations, with revenue up 17% year-over-year. (Source: Microsoft)
• Amazon reported quarterly earnings that missed expectations, with revenue up 15% year-over-year. (Source: Amazon)

Company News

• Tesla announced that it will build a new factory in Austin, Texas, which will be its second US factory. (Source: Tesla)
• Facebook announced that it will change its company name to Meta, reflecting its growing focus on virtual reality and other technologies. (Source: Facebook)
• United Airlines announced that it will cut 16,000 jobs due to the ongoing pandemic. (Source: United Airlines)

Economic News

• The US economy added 194,000 jobs in September, according to the Bureau of Labor Statistics. (Source: BLS)
• The unemployment rate fell to 4.8% in September, down from 5.2% in August. (Source: BLS)
• The Federal Reserve announced that it will keep interest rates unchanged, citing concerns about the pandemic's impact on the economy. (Source: Federal Reserve)

Regulatory News

• The Federal Trade Commission (FTC) announced that it will investigate Facebook's acquisition of Giphy, a popular online GIF platform. (Source: FTC)
• The Securities and Exchange Commission (SEC) announced that it will investigate Tesla's CEO Elon Musk over his tweets about the company's stock price. (Source: SEC)

Other News

• The US Chamber of Commerce announced that it will launch a new initiative to promote small business growth and job creation. (Source: US Chamber of Commerce)
• The National Association of Manufacturers (NAM) announced that it will launch a new campaign to promote manufacturing in the US. (Source: NAM)