Some of Thursday’s top business news stories:
The Associated Press
Car buyers bear a heavy burden as Federal Reserve keeps raising rates: Auto-loan rejections are up, by Cora Lewis and Tom Krisher
Facebook parent Meta posts higher profit, revenue for Q2 as advertising rebounds, by Barbara Ortutay
CNN
Google, Microsoft, OpenAI and Anthropic announce industry group to promote safe AI development, by Brian Fung
The Fed hikes interest rates by a quarter point and hints at another increase this year, by Bryan Mena
The Wall Street Journal
A Four-Day Workweek Experiment Finds Work Does Get Done in Less Time, by Vanessa Fuhrmans
Airbus Hits New Supply-Chain Hurdle in Race With Boeing, by Benjamin Katz
CNBC
Coca-Cola says it’s done raising prices in the U.S. and Europe this year, by Amelia Lucas
Reuters
Exclusive: Amazon has drawn thousands to try its AI service competing with Microsoft, Google, by Jeffrey Dastin
Food producers not cooperating on price cuts, Carrefour CEO says, by Dominique Vidalon and Helen Reid
News about business journalism:
THG is acquiring London biz newspaper City AM
Luck departs Yahoo Finance for NBCUniversal
City AM to proceed with insolvency if no buyer found
Bloomberg Law appoints Setty to labor beat
Shields, Bond Buyer reporter for 26 years, dies at 57
Mountain State Spotlight hires Elbeshbishi to cover energy and environment
The Markup hires three reporters and an editor
Bloomberg’s EIC Micklethwait: Come back to the office
