Some of Tuesday’s top business news stories:
The Associated Press
Powell to face Senate grilling on Fed rates and inflation, by Christopher Rugaber
China’s trade contracts as Western demand weakens, by Joe McDonald
CNN
Verizon is raising prices on older cell phone plans, by Jennifer Korn
Amazon closing some of its cashier-free stores, by Chris Isidore
The Wall Street Journal
JetBlue, Spirit Brace for Justice Department Lawsuit to Block Airlines’ Merger, by Andrew Tangel
TikTok Rolls Out ‘Project Clover’ to Assure Europeans on Data, by Stu Woo
CNBC
Paramount Global considers selling majority stake of BET Media Group, sources say, by Alex Sherman
SiriusXM cuts 8% of its workforce as part of a broader reorganization, by Lillian Rizzo
Reuters
Dollar steady before Powell testimony; Aussie slips, by Ankur Banerjee and Alun John
News about business journalism:
Reporter Vogel departs Morning Brew
Vox is retiring the Recode brand
Politico adds two to its legal team
Business Insider’s Dunn leaves for new opportunity
LinkedIn hires Moustakas as a news editor
A TBN capacity event, new Qwoted 100 profile, many Monday media moves
Qwoted 100: How Lobban Erwin puts the ‘plus’ in seoplus+
A capacity crowd does us proud: Recapping our first TBN Talks event in NYC
Senior editorial director Brown among CNET layoffs
Bloomberg Law hires The Information’s Dayal
Hooper moves to health care beat at Politico
