Some of Friday’s top business news stories:
The Associated Press
Worry about stagflation, a flashback to ’70s, begins to grow, by Paul Wiseman
Prepare for sticker shock if you are traveling this summer, by David Koenig
CNN
Chinese consumers are stuck at home but still spending a ton, Alibaba says, by Paul R. La Monica
Crypto is dead. Long live crypto, by Allison Morrow
The Wall Street Journal
Microsoft Slows Some Hiring Amid Economic Uncertainty, by Aaron Tilley
Old Navy to Scale Back Its Inclusive Sizing Strategy, by Suzanne Kapner
CNBC
Home listings suddenly jump as sellers worry they may miss out on the red-hot housing market, by Diana Olick
Gap shares fall 13% after retailer slashes profit guidance for the year, by Lauren Thomas
Reuters
Dollar set for biggest weekly drop in nearly 4 months as rate bets cool, by Saikat Chatterjee
Google in talks to join India’s open e-commerce network ONDC –sources, by Munsif Vengattil, Krishna N. Das and Paresh Dave
News about business journalism:
Austin Biz Journal hires Baird to cover real estate
Jacksonville Biz Journal hires McCue as a reporter
Forbes hires Paczkowski from BuzzFeed News
WSJ hires Young to be logistics and supply chain reporter
Birmingham Biz Journal hires Thrailkill to cover health care and tech
Bloomberg launches “Bloomberg Crypto” podcast
Bloomberg taps Klimasinska as a senior editor for markets
Keane hired as news director for Bloomberg Government
Slothower joins Law360 as senior reporter
