Some of Friday’s top business news stories:
The Associated Press
Amazon posts weaker-than-expected 3Q revenue, stock tumbles, by Haleluya Hadero
AP sources: Musk in control of Twitter, ousts top executives, by Barbara Ortutay, Tom Krisher and Matt O’Brien
CNN
The US economy bounced back last quarter after shrinking in the first half of the year, by Alicia Wallace
Apple is weathering the economic downturn better than fellow tech giants, by Clare Duffy
The Wall Street Journal
Southwest Airlines Expects Strong Demand, Raises Concerns About Jet Shortages, by Alison Sider
Intel to Cut Jobs in Cost-Savings Drive as PC Slump Weighs on Earnings, by Asa Fitch
CNBC
McDonald’s earnings beat as customers return despite higher prices, by Amelia Lucas
American Airlines offers pilots higher raises in new contract proposal, by Leslie Josephs
Reuters
U.S. government to test Pfizer’s Paxlovid for long COVID, by Julie Steenhuysen
Tech giants feel pain as cloud spending cuts suggest slowdown, by Tiyashi Datta, Jane Lanhee Lee and Chavi Mehta
News about business journalism:
LA Times biz reporter Martin moves to editing role
WSJ names new chief digital editors, audience growth and engagement heads
Buffalo Business First adds two new editorial staffers
WSJ hires Henderson to cover financial markets
NY Times hires Bloomberg’s Nereim to be Gulf bureau chief
The Wire apologizes for its Meta coverage
IndieWire hires Welk as a senior business reporter
