Some of Thursday’s top business news stories:
Associated Press
Fed begins inflation fight with key rate hike, more to come, by Christopher Rugaber
US retail spending slows as inflation starts to bite, by Anne D’Innocenzio
CNN
Walmart is hiring 50,000 more workers before May, by Jordan Valinsky
Kohl’s could soon have a new owner. The stock is rocketing higher, by Nathaniel Meyersohn
The Wall Street Journal
iPhone Assembler Foxconn Forecasts Tough Operating Environment From Pandemic, Inflation, War, by Yang Jie
Canadian Pacific Railway Threatens Lockout in Labor Dispute, by Jacquie McNish
CNBC
American Express CEO says the shift to remote work made a new segment of business travelers, by Krystal Hur
Russia’s invasion of Ukraine will lower car production by millions of units over two years, S&P says, by Michael Wayland
Reuters
Intel, Micron CEOs to testify at U.S. Senate hearing on chip making, by David Shepardson
How the Fed’s rate hikes could affect U.S. consumers, by Jonnelle Marte
News about business journalism
Narayanan named ME of Americas news desk at Bloomberg
PE Hub hires Manayiti as a reporter
MIT Technology Review hires Yang to cover China and East Asia
How the FT reached 1 million digital subscribers
It’s time to retire stock market metaphors from coverage
Automotive News news editor Allen departs
Chawla joins The Block as reporter
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