Some of Friday’s top business news stories:
The Associated Press
Explainer: Why gas prices are falling
UK economy shrinks in 2nd quarter, sharpening recession fear
CNN
Mortgage rates climb above 5% once again, by Anna Bahney
The US Postal Service is raising rates for the holidays, by Jordan Valinsky
The Wall Street Journal
Rivian’s Losses Nearly Triple to $1.7 Billion, by Sean McLain
Disney+ Price Increase Shows Limits of Subscriber-Growth Push, by Robbie Whelan and Sarah Krouse
CNBC
CDC eases Covid guidance as U.S. has more tools to fight the virus and keep people out of the hospital, by Spencer Kimball
Reuters
J&J to end global sales of talc-based baby powder
News about business journalism:
Oshkosh biz reporter named paper’s editor
Peterson moves to food and ag policy beat at WSJ
Swisher stepping away from hosting, organizing Code Conference
Ars Technica hires Edwards to cover AI and machine learning
Quito departs Quartz to be ME of new design magazine
Bloomberg Industry, Reuters among National Press Club winners
Bloomberg reporter Kinery departing after four years
Fortune hires Long to work on newsletters
