Some of Thursday’s top business news stories:
The Associated Press
Fed Chair Powell sees progress on inflation, though not quickly enough, by Christopher Rugaber
China’s factory, consumer activity weakens in May, youth unemployment rises, by Joe McDonald
CNN
UK homeowners brace for more mortgage pain as borrowing costs shoot up, by Anna Cooban
Google is using AI to change how you shop, by Samantha Kelly
The Wall Street Journal
EU Says It Might Seek Breakup of Google’s Ad-Tech Business, by Sam Schechner and Kim Mackrael
The ‘Taxi Prince’ Is Taking on Uber—and Winning, by River Davis
CNBC
Nearly all Americans cut back on spending due to inflation, CNBC survey finds, by Courtney Reagan
Health insurance stocks slide after UnitedHealth warns more surgeries will drive up medical costs, by Annika Kim Constantino
Reuters
TikTok to invest billions of dollars in Southeast Asia to boost e-commerce business, by Stanley Widianto
Fashion retailers resilient despite consumer fears
News about business journalism:
Bloomberg cancels “Baystate Business” radio show
WSJ union asks for 15% pay hike in negotiations
Insider EIC Carlson: Audience missed striking staff’s work
Insider, union reach deal to end strike
Washington Post hires FT’s Cocco as data reporter
FT launches markets podcast “Unhedged”
SABEW book competition adds management category
Insider CEO Carlson caught taking down union flyers
WSJ union asks for 15% pay hike in negotiations
Insider EIC Carlson: Audience missed striking staff’s work
Insider, union reach deal to end strike
Washington Post hires FT’s Cocco as data reporter
FT launches markets podcast “Unhedged”
SABEW book competition adds management category
Insider CEO Carlson caught taking down union flyers
Silicon Valley Biz Journal hires Mendez as reporter
