Morning Business News: सुबह-सुबह क्या है देश दुनिया के बाजारों का हाल? | Business News | CNBC Awaaz
Published May 22, 2023, 11:20 p.m. by Jerald Waisoki
The Business News You Need to Know
If you're like most people, you probably don't have time to keep up with all the business news happening every day. That's why we've created this roundup of the most important business news stories from the past week.
1. The U.S. economy added just 136,000 jobs in September, missing economists' expectations.
The disappointing jobs report could put pressure on the Federal Reserve to cut interest rates again at its meeting later this month.
2. stocks fell sharply on Friday after the jobs report was released.
The Dow Jones Industrial Average fell more than 400 points, or 1.6%, while the S&P 500 and Nasdaq Composite both dropped around 1%.
3. WeWork is close to finalizing a deal to receive a $5 billion investment from SoftBank.
The deal would value WeWork at around $8 billion, a far cry from the $47 billion valuation it achieved just a few months ago.
4. Tesla is recalling over 14,000 cars in China due to a potential issue with the suspension.
The recall comes as Tesla is trying to ramp up production at its new factory in Shanghai.
5. Amazon is reportedly working on a new service that would allow businesses to send packages to customers' homes before they arrive.
The service, which is still in the early stages of development, could be a major challenge to UPS and FedEx.
These are just a few of the top business news stories from the past week. For more news and analysis, be sure to check out CNBC Awaaz.
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