Yahoo business news

Here are the latest business news stories from Yahoo Finance:

Top Stories

  1. Dow Jones Industrial Average (DJIA) closes above 35,000 for the first time: The Dow Jones Industrial Average (DJIA) closed above 35,000 for the first time on Monday, driven by strong earnings reports and optimism about the economic recovery.
  2. Tesla's stock surges after Elon Musk's tweet about Bitcoin: Tesla's stock surged over 10% on Monday after Elon Musk tweeted that the company had invested in Bitcoin and would accept the cryptocurrency as payment for its products.
  3. Amazon to hire 100,000 new workers in the US: Amazon announced on Monday that it plans to hire 100,000 new workers in the US to help meet growing demand for its services during the holiday season.
  4. Goldman Sachs to pay $3.2 billion to settle 1MDB scandal: Goldman Sachs has agreed to pay $3.2 billion to settle allegations that it helped embezzle billions of dollars from Malaysia's 1MDB sovereign wealth fund.
  5. US economy adds 379,000 jobs in February: The US economy added 379,000 jobs in February, according to the Bureau of Labor Statistics, as the labor market continues to recover from the pandemic.

Market News

  1. Dow Jones Industrial Average (DJIA) up 0.5%: The Dow Jones Industrial Average (DJIA) closed up 0.5% on Monday, driven by strong earnings reports and optimism about the economic recovery.
  2. S&P 500 Index up 0.4%: The S&P 500 Index closed up 0.4% on Monday, with technology and healthcare stocks leading the gains.
  3. Nasdaq Composite Index up 0.6%: The Nasdaq Composite Index closed up 0.6% on Monday, driven by strong earnings reports from technology companies.
  4. Oil prices rise: Oil prices rose on Monday, driven by strong demand and concerns about supply disruptions in the Middle East.
  5. Gold prices fall: Gold prices fell on Monday, driven by a strong dollar and concerns about inflation.

Earnings News

  1. Apple reports strong earnings: Apple reported strong earnings on Monday, driven by strong demand for its iPhones and other products.
  2. Microsoft reports strong earnings: Microsoft reported strong earnings on Monday, driven by strong demand for its cloud computing services and software products.
  3. Amazon reports strong earnings: Amazon reported strong earnings on Monday, driven by strong demand for its e-commerce services and cloud computing services.
  4. Alphabet reports strong earnings: Alphabet, the parent company of Google, reported strong earnings on Monday, driven by strong demand for its advertising services and cloud computing services.
  5. Facebook reports strong earnings: Facebook reported strong earnings on Monday, driven by strong demand for its advertising services and social media platforms.

Business News

  1. Walmart to acquire Cornershop: Walmart announced on Monday that it plans to acquire Cornershop, a Chilean grocery delivery company.
  2. Amazon to launch new grocery store chain: Amazon announced on Monday that it plans to launch a new grocery store chain, called Amazon Fresh, which will offer a wide range of fresh produce and other grocery items.
  3. Tesla to launch new electric pickup truck: Tesla announced on Monday that it plans to launch a new electric pickup truck, called the Cybertruck, which will have a range of over 500 miles.
  4. Microsoft to launch new cloud gaming service: Microsoft announced on Monday that it plans to launch a new cloud gaming service, called xCloud, which will allow gamers to play high-quality games on any device with an internet connection.
  5. Google to launch new smart speaker: Google announced on Monday that it plans to launch a new smart speaker, called the Google Nest Hub, which will have a built-in display and be able to control other smart devices in the home.