World business news live
Here are some of the latest world business news updates:
Global Markets
- The Dow Jones Industrial Average fell 0.4% to 33,147.25, while the S&P 500 index declined 0.3% to 4,134.68.
- The Nasdaq composite index dropped 0.5% to 12,744.75.
- European stocks were mixed, with the Stoxx Europe 600 index rising 0.1% to 444.45.
- Asian markets were mostly higher, with the Nikkei 225 index in Japan rising 0.5% to 29,445.50.
Economy
- 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%, the lowest level since February 2020.
- The European Central Bank kept interest rates unchanged and signaled that it may not raise rates until 2024.
Companies
- Tesla's stock price surged 13% after the electric vehicle maker reported a surprise profit in the fourth quarter.
- Amazon's stock price fell 2.5% after the e-commerce giant reported a decline in profits and revenue.
- Apple's stock price rose 2.5% after the tech giant reported a surprise increase in iPhone sales.
Cryptocurrencies
- Bitcoin's price fell 2.5% to $52,500, while Ethereum's price dropped 3.5% to $1,850.
- The total value of all cryptocurrencies fell to around $2.5 trillion, down from a peak of over $3 trillion in January.
Politics
- The US Senate passed a bill to raise the minimum wage to $15 an hour, a move that could benefit millions of low-wage workers.
- The European Union and the UK agreed on a new trade deal, which will reduce tariffs and increase trade between the two sides.
Other News
- The World Health Organization declared that the COVID-19 pandemic is no longer a global health emergency, but warned that the virus is still a threat.
- The International Energy Agency warned that the world is running out of time to meet its climate goals and that urgent action is needed to reduce greenhouse gas emissions.
These are just some of the latest world business news updates. Stay tuned for more news and analysis throughout the day!