Some of Friday’s top business news stories:
The Associated Press
Average long-term US mortgage rates tumble to 6.61%, by Matt Ott
CNN
Amazon CEO says job cuts will continue into next year, by Catherine Thorbecke
Twitter employees head for the exits after Elon Musk’s ‘extremely hardcore’ work ultimatum, by Clare Duffy and Oliver Darcy
The Wall Street Journal
Meta Employees, Security Guards Fired for Hijacking User Accounts, by Kirsten Grind and Robert McMillan
Starbucks Workers Strike at More Than 100 Stores Across U.S., by Heather Haddon
CNBC
Walmart and Target’s quarterly results lay bare the retailers’ stark differences, by Melissa Repko
Reuters
Gap beats quarterly estimates on steady demand for formal clothing, by Granth Vanaik and Ananya Mariam Rajesh
Zuckerberg says WhatsApp business chat will drive sales sooner than metaverse, by Paresh Dave and Katie Paul
News about business journalism:
FT names Meixler Asia world news editor
How CNBC’s Sheetz began covering the space industry
Why Kiplinger’s newsletter has been so successful
The Information and Vice Media to collaborate on FTX documentary
FT launches fashion industry newsletter
Morning Brew executive editor Nusca among the departures
SABEW’s Best in Business will open for entries on Dec. 1
ME Bentley among the Morning Brew layoffs
The Drum appoints Kemp its US Ad of the Day reporter
