Some of Thursday’s top business news stories:
The Associated Press
California lays out plan to drastically cut fossil fuel use, by Kathleen Ronayne
Crypto comes to Washington. Will the millions buy influence?, by Brian Slodysko and Fatima Hussein
CNN
Google announces new smartphones, a watch and tablet at its I/O developer conference, by Rishi Iyengar and Rachel Metz
Tesla’s stock slide raises doubts about Elon Musk’s Twitter purchase, by Paul R. La Monica
The Wall Street Journal
Disney Reports Jump in Disney+ Subscribers in Latest Quarter, by Robbie Whelan
SoftBank Reports $13 Billion Annual Loss, Hit by Tech-Share Slump, by Megumi Fujikawa
CNBC
Bitcoin plunges below $27,000, erases 2021 gains as crypto sell-off intensifies, by Ryan Browne
Apple is no longer the world’s most valuable company, by Kif Leswing
Reuters
Nasdaq falls more than 3% as U.S. inflation data gives little relief to investors, by Caroline Valetkevitch
Apple supplier Foxconn sees challenges ahead in China COVID curbs, inflation, by Yimou Lee and Sarah Wu
News about business journalism:
National Press Foundation names international trade fellows
E&E News hires Plautz to cover the West
Detroit News hires Livengood from Crain’s Detroit
WSJ hires USA Today’s Gilbertson to be its travel columnist
WSJ hires Passy as travel beat reporter
Sapunar to cover business for the Salt Lake Tribune
DeRosa swaps Hearst for Law360
Insider hires Davis as director of business news
Vogue Business names McGregor senior European editor
