Some of Wednesday’s top business news stories:
The Associated Press
China’s youth face bleak job market as COVID slows economy
US inflation will likely stay high even as gas prices fall, by Christopher Rugaber
CNN
Richer people are eating more at Applebee’s and IHOP, by Danielle Wiener-Bronner
Elon Musk sells nearly 8 million Tesla shares, by Chris Isidore
The Wall Street Journal
BuzzFeed Expects Recession Fears to Pressure Advertising, by Denny Jacob
Microsoft Tries to Reduce Business Expenses by Restricting Spending on Travel and Company Gatherings, by Aaron Tilley and Sarah Krouse
CNBC
Restaurateur Danny Meyer says inflation has helped drive workers back into the food industry, by Krystal Hur
Chipotle to pay $20 million to NYC workers as part of settlement, by Jack Stebbins
Reuters
Meta raises $10 billion in first-ever bond offering
Retailers turn off lights, cut opening hours to save energy, by Richa Naidu
News about business journalism:
Bloomberg hires Hall as national politics reporter
Why the media are adding crypto reporters
Lahut leaving Insider for The Daily Beast
Philly Biz Journal staff writer Kostelni departing after 23 years
Variety ME McKenzie joins The Ankler as managing editor
Cornfield joins Money magazine as deputy editor
