Some of Friday’s top business news stories:
The Associated Press
Gas prices close in on $5 a gallon in US, hit record in UK, by David Koenig
Biden visiting LA port as high prices persist as threat, by Chris Megerian and Josh Boak
CNN
Americans lost half a trillion dollars in wealth in early 2022, by Tami Luhby
European Central Bank confirms plans for first rate hike in 11 years, by Anna Cooban and Julia Horowitz
The Wall Street Journal
Chip Shortage Threatens Cutting-Edge Tech Needed for Next-Generation Smartphones, by Asa Fitch and Jiyoung Sohn
Facebook Rethinks News Deals, and Publishers Stand to Lose Millions in Payments, by Alexandra Bruell and Keach Hagey
CNBC
Adobe CEO says e-commerce is seeing price decreases, expects strong future for online shopping, by Krystal Hur
China struggles to stamp out Covid as Beijing, Shanghai reimpose some restrictions, by Evelyn Cheng
Reuters
European shares slide over 1% ahead of U.S. inflation data, by Susan Mathew
News about business journalism:
Forbes hires Coleman for breaking news desk
FT launches app for Microsoft Teams
Energy reporter Vogelsong named editor of Virginia Mercury
Marshall swaps Vox.com for WSJ
FT names Stafford digital finance news editor
