Some of Thursday’s top business news stories:
Associated Press
How Fed hikes could affect mortgages, car loans, card rates, by Christopher Rugaber
Tesla posts record profit, won’t produce new models in 2022, by Tom Krisher
CNN
Rents rose five times faster in 2021 than 2020, by Anna Bahney
It sure looks like GM is about to pull the plug on the Bolt, by Chris Isidore
The Wall Street Journal
Facebook’s Cryptocurrency Venture to Wind Down, Sell Assets, by Peter Rudegeair, Liz Hoffman
Boeing Reports Loss as 787 Charges Mount, by Andrew Tangel, Doug Cameron
CNBC
IMF sees potential for further market turbulence as central banks hike rates, by Karen Gilchrist
Los Angeles bans new oil and gas wells and will phase out old ones over five years, by Emma Newburger
Reuters
U.S. crop insurance payouts rise sharply as climate change worsens droughts, floods, by Leah Douglas
Intel posts record quarterly revenue, sees supply strains through year, by Jane Lanhee, Chavi Mehta
News about business journalism
Pallini departs Business Insider for new opportunity
Chang joins STAT as editorial director
Bloomberg taps Kelly for new role on markets team
Property Week appoints Morgan finance and data editor
Insider hires Epstein to cover breaking news
WSJ promotes Lieber to correspondent for Israel and Palestinian territories
dotLA hires Hetrick to cover entertainment tech and startups
Sunderland appointed group biz editor at Daily Mail
Bloomberg’s Shaw to cover financial regulation in London
Cheddar founder Steinberg leaving company
