Some of Thursday’s top business news stories:
Associated Press
Powell expects a quarter-point Fed rate hike this month, by Christopher Rugaber
Buttigieg tells states to consider safety for road projects, by Hope Yen
CNN
The latest food price shock: Palm oil prices are soaring, by Anna Cooban
Big companies aren’t shy about raising prices, by Paul R. La Monica
The Wall Street Journal
Fitbit Recalls Roughly One Million Smartwatches in U.S. Over Burn Hazard, by Will Feuer
Ford Creates Separate EV, Gas-Engine Divisions in Major Overhaul, by Mike Colias
CNBC
Fanatics hits $27 billion valuation, adds BlackRock, Michael Dell as investors, by Jessica Golden, Riley de Leon
Nordstrom shares soar as the department store chain makes ‘baby steps.’ But it still has a ways to go, by Lauren Thomas
Reuters
Amazon to shut its bookstores and other shops as its grocery chain expands, by Jeffrey Dastin
Who can fix the price tags? U.S. businesses hit by labor shortages, inflation, by Ann Saphir
News about business journalism
Triad Biz Journal’s Little moving to ACBJ corporate office
Kim joins Vox to cover billionaires
Industry Dive journalist Fuller departs
Bloomberg ends its joint venture in India
Protocol hires Jenkins to be a reporter on its climate desk
NY Times taps WSJ´s Yuan as editor
Varghese to oversee gear and gadgets section for WSJ
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The Financial Times has hired Barbara Moens to cover competition and tech in Brussels. She will start…