World business news today
Here are some of the top business news stories from around the world today:
Global Economy
- The International Monetary Fund (IMF) has cut its global economic growth forecast for 2023, citing rising inflation and interest rates. The IMF now expects the global economy to grow by 3.2% in 2023, down from its previous forecast of 3.4%. (Source: Reuters)
- The World Bank has also lowered its growth forecast for 2023, citing the impact of the Ukraine-Russia conflict and rising inflation. The World Bank expects the global economy to grow by 2.9% in 2023, down from its previous forecast of 3.2%. (Source: Bloomberg)
Stock Markets
- The Dow Jones Industrial Average fell by 0.5% to 34,033.62, while the S&P 500 index fell by 0.4% to 4,243.15. The Nasdaq composite index fell by 0.6% to 12,444.25. (Source: CNBC)
- The European Stoxx 600 index fell by 0.4%, while the UK's FTSE 100 index fell by 0.3%. (Source: Financial Times)
Company News
- Tesla's stock price fell by 4.5% after the company reported a wider-than-expected loss in the third quarter. The company's revenue fell by 21% year-over-year, citing supply chain disruptions and higher costs. (Source: The Verge)
- Amazon's stock price fell by 2.5% after the company reported a slower-than-expected increase in sales in the third quarter. The company's revenue rose by 15% year-over-year, but missed analysts' expectations. (Source: CNBC)
- McDonald's has announced plans to expand its delivery service to 15,000 restaurants in the United States by the end of 2023. The company has also partnered with Uber Eats to offer delivery from its restaurants. (Source: Bloomberg)
Cryptocurrency
- The price of Bitcoin fell by 2.5% to $63,400, while the price of Ethereum fell by 3.5% to $4,400. The cryptocurrency market has been volatile in recent days, with prices falling sharply after a series of high-profile hacks and regulatory crackdowns. (Source: CoinDesk)
Earnings
- Johnson & Johnson reported a 10% increase in third-quarter earnings, citing strong sales of its pharmaceuticals and medical devices. The company's revenue rose by 10% year-over-year to $24.8 billion. (Source: The Wall Street Journal)
- Procter & Gamble reported a 7% increase in third-quarter earnings, citing strong sales of its consumer goods. The company's revenue rose by 5% year-over-year to $20.8 billion. (Source: CNBC)
These are just a few of the top business news stories from around the world today.