Some of Wednesday’s top business news stories:
The Associated Press
European Central Bank to gather after borrowing costs rise
Biden tells oil refiners: Produce more gas, fewer profits, by Josh Boak
CNN
Coinbase lays off 18% of its workforce and warns of ‘crypto winter’, by Jordan Valinsky
The stock market is demanding the Fed take historic action on inflation, by David Goldman
The Wall Street Journal
Apple, Major League Soccer Strike 10-Year Streaming Deal for All MLS Games, by Rachel Bachman and Tim Higgins
Real-Estate Firms Redfin and Compass Shed Jobs as Housing Market Slows, by Omar Abdel-Baqui
CNBC
Netflix, once the great disruptor, is now taking ideas from the industry it upended to jumpstart growth, by Alex Sherman
Elon Musk says SpaceX will have Starship ‘ready to fly’ in July, amid FAA work, by Michael Sheetz
Reuters
Bitcoin tumbles as crypto sell-off accelerates, by Tom Wilson
China’s factories perk up, but frail consumption points to weak economic recovery, by Kevin Yao and Ellen Zhang
News about business journalism:
Bloomberg Law senior reporter Mulvaney departs
Tampa Bay Times hires George to cover transportation and tourism
Peers, New York bureau chief of The Information, is leaving
CNBC Make It hires Onque as a health and wellness reporter
Fong named executive editor of The Logic
Pensions & Investments hires Thrasher to cover asset managers
Carlozo joins Buy Side from the Wall Street Journal
Smith joins Sifted as a senior reporter
Politico hires Roussi as cybersecurity reporter in Brussels
Bloomberg’s Fan released on bail in China
Endpoints News appoints Whitlock features editor
