Some of Tuesday’s top business news stories:
The Associated Press
GM boosts outlook after US sales fuel first quarter profits, by Tom Krisher
Coronation gives tourism boost, but UK economy still reeling, by Kelvin Chan
CNN
3M announces mass layoffs as manufacturing slows, by David Goldman
Disney begins largest wave of layoffs, targeting thousands at ESPN, Parks, and other divisions, by Jon Passantino
The Wall Street Journal
Amazon’s Satellite-Internet Ambitions Move Closer to Reality, by Micah Maidenberg
Spotify Draws More Listeners, Including Paying Subscribers, by Anne Steele
CNBC
McDonald’s earnings beat estimates as U.S. traffic grows despite price hikes, by Amelia Lucas
JetBlue posts quarterly loss but forecasts profit thanks to strong travel demand, by Leslie Josephs
Reuters
Inside Meta’s scramble to catch up on AI, by Katie Paul, Krystal Hu, Stephen Nellis and Anna Tong
Google, Amazon, Meta, Microsoft, 15 others subject to EU content rules, by Foo Yun Chee
News about business journalism:
Qwoted 100: Kelsey Sowder’s got the power at BLASTmedia
Morning Brew hires Vinopal to cover HR
Politico hires King to cover Medicare and Medicaid
The Information hires Huang as a data reporter
Washington Post hires Thadani to cover Apple
Bloomberg Law hires Hutchinson to cover energy and environmental litigation
CNBC anchor Gamble accused NBC Universal CEO of sex harassment
More than 300 journalists who worked in Russia ask for Gerhkovich’s release
The Points Guy writer Smith departs
SABEW installs Hanford as president
Time’s new ed in chief, moves at three major networks, Charles Barkley’s CNN slam dunk
