Some of Friday’s top business news stories:
The Associated Press
US economy drops at 0.6% annual rate from April through June, by Paul Wiseman
CNN
Mortgage rates surge, closing in on 7%, by Anna Bahney
Meta is using AI to generate videos from just a few words, by Rachel Metz
The Wall Street Journal
Nike Shares Tumble After It Reports 44% Surge in Inventories, by Inti Pacheco
Mark Zuckerberg Freezes Hiring at Facebook-Parent Meta, by Salvador Rodriguez and Berber Jin
CNBC
Bed Bath & Beyond reports 28% drop in sales as it presses ahead with turnaround plan, by Melissa Repko
Disney names Alisa Bowen president of Disney+ as it prepares to launch ad tier, by Sarah Whitten
Reuters
Amazon, major publishers win dismissal of antitrust lawsuits over book pricing, by Jonathan Stempel
News about business journalism:
Washington Post hires Bloomberg Opinion’s Duenwald
Des Moines biz journalist Gardyasz to retire
DeRose joins Morning Brew as a senior reporter
NY Times, WSJ both take home three Loeb Awards
Dow Jones hires Weiss as chief marketing officer
NY Times and “Frontline” win Emmy for Boeing coverage
Fortune hires Sen as senior features editor
Reuters promotes Cobb to Andean bureau chief
Gannett shutting Boston real estate publication
Tennessee biz reporter hired to be editor of paper
