Yahoo economic news
Here are some recent economic news stories from Yahoo Finance:
Top Stories
- Stocks Fall as Inflation Concerns Grow: The Dow Jones Industrial Average fell 0.4% on Friday, as investors grew concerned about rising inflation and interest rates. (Source: Yahoo Finance)
- US Economy Grows at 2.1% Annual Rate in Q2: The US economy grew at a 2.1% annual rate in the second quarter, slightly below expectations, according to the Bureau of Economic Analysis. (Source: Yahoo Finance)
- Fed Raises Interest Rates for Third Time This Year: The Federal Reserve raised interest rates for the third time this year, citing a strong economy and rising inflation. (Source: Yahoo Finance)
- Amazon to Raise Minimum Wage to $15 an Hour: Amazon announced that it will raise its minimum wage to $15 an hour for all US employees, effective November 1. (Source: Yahoo Finance)
- US-China Trade Talks Resume Amid High Expectations: Trade talks between the US and China resumed on Friday, with both sides expressing optimism about reaching a deal. (Source: Yahoo Finance)
Market News
- Dow Jones Industrial Average Falls 0.4%: The Dow Jones Industrial Average fell 0.4% on Friday, as investors grew concerned about rising inflation and interest rates. (Source: Yahoo Finance)
- S&P 500 Index Falls 0.3%: The S&P 500 Index fell 0.3% on Friday, as investors grew concerned about rising inflation and interest rates. (Source: Yahoo Finance)
- Nasdaq Composite Falls 0.2%: The Nasdaq Composite fell 0.2% on Friday, as investors grew concerned about rising inflation and interest rates. (Source: Yahoo Finance)
Economic Indicators
- US GDP Growth Rate: The US economy grew at a 2.1% annual rate in the second quarter, slightly below expectations. (Source: Bureau of Economic Analysis)
- Inflation Rate: The US inflation rate rose 0.3% in July, as expected, according to the Bureau of Labor Statistics. (Source: Bureau of Labor Statistics)
- Unemployment Rate: The US unemployment rate fell to 3.7% in July, the lowest level since December 1969. (Source: Bureau of Labor Statistics)
Company News
- Amazon to Raise Minimum Wage to $15 an Hour: Amazon announced that it will raise its minimum wage to $15 an hour for all US employees, effective November 1. (Source: Yahoo Finance)
- Walmart to Raise Minimum Wage to $11 an Hour: Walmart announced that it will raise its minimum wage to $11 an hour for all US employees, effective September 1. (Source: Yahoo Finance)
- Apple to Launch New iPhones in September: Apple is expected to launch new iPhones in September, with rumors suggesting that the new devices will feature improved cameras and faster processors. (Source: Yahoo Finance)