Some of Thursday’s top business news stories:
The Associated Press
Powell’s stark message: Inflation fight may cause recession, by Christopher Rugaber
UK businesses laud energy relief, but costs still a struggle, by Kelvin Chan
CNN
Home sales dropped 20% in August from a year ago, by Anna Bahney
The historic streak of falling US gas prices is over, by Matt Egan and Chris Isidore
The Wall Street Journal
Walmart Slows Holiday Hiring With Plan to Add 40,000 Seasonal Workers, by Sarah Nassauer
Meta Quietly Reduces Staff in Cost-Cutting Push, by Jeff Horwitz, Salvador Rodriguez and Miles Kruppa
CNBC
GM to close reservations for electric Hummer pickup, SUV after topping 90,000, by Michael Wayland
FedEx’s bleak warning could reflect global economy − and company’s own shortcomings, by Lillian Rizzo and Jack Stebbins
Reuters
Britain’s M&S raises staff pay for second time in 2022
Amazon Mexico cloud unit to open ‘local zone’ in early 2023, by Valentine Hilaire
News about business journalism:
ACBJ’s Hunt to leave by the end of the year
Media editor Phung departing CNN
Bloomberg hires Meddings as UK business reporter
The role Forbes reporters played in uncovering Trump’s financial maneuvers
SABEW names 25 to data immersion workship
Pedersen leaving American Banker for a new opportunity
Insider wins SPJ’s Sunshine Award for investigating congressional stock trading
McCann appointed editor in chief of Saga Tech
San Antonio Biz Journal editor Boykin departs
Politico names Heuser its global tech editor
CNN Business appoints Goldman executive editor
