Some of Wednesday’s top business news stories:
The Associated Press
Retail sales rise 0.9% in April as consumers show resilience, by Christopher Rugaber
Global stocks mixed after US retail data offset rate fears, by Joe McDonald
CNN
American oil is usually a cheaper option. Not anymore, by Julia Horowitz
UK inflation hits 40-year high of 9%
The Wall Street Journal
Elon Musk’s Twitter Bot Problem Is Fake News, by Laura Forman
Target Stock Sinks 20% on Earnings Miss, High Costs, by John Stensholt
CNBC
Netflix lays off 150 employees as the streaming service contends with big subscriber losses, by Sarah Whitten
Weekly mortgage demand from homebuyers tumbles 12%, as higher interest rates take their toll, by Diana Olick
Reuters
China relaxes some COVID test rules for U.S., other travellers
World in no better place to fight pandemics than before COVID – review panel, by Jennifer Rigby
News about business journalism:
Politico hires Reader to cover health tech
Chiglinsky named real estate team leader at Bloomberg
Bloomberg’s Reyes to take on Buffett beat
Mascarenhas to cover fintech for TechCrunch
Bloomberg Media ad revenue up 40% in first quarter
WSJ’s Hall becomes SABEW president
Barlett and Steele Awards to offer regional/local and under 30 categories
Thomas appointed executive editor of SC Biz News
