Some of Wednesday’s top business news stories:
The Associated Press
China’s youth face bleak job market as COVID slows economy
US inflation will likely stay high even as gas prices fall, by Christopher Rugaber
CNN
Richer people are eating more at Applebee’s and IHOP, by Danielle Wiener-Bronner
Elon Musk sells nearly 8 million Tesla shares, by Chris Isidore
The Wall Street Journal
BuzzFeed Expects Recession Fears to Pressure Advertising, by Denny Jacob
Microsoft Tries to Reduce Business Expenses by Restricting Spending on Travel and Company Gatherings, by Aaron Tilley and Sarah Krouse
CNBC
Restaurateur Danny Meyer says inflation has helped drive workers back into the food industry, by Krystal Hur
Chipotle to pay $20 million to NYC workers as part of settlement, by Jack Stebbins
Reuters
Meta raises $10 billion in first-ever bond offering
Retailers turn off lights, cut opening hours to save energy, by Richa Naidu
News about business journalism:
Bloomberg hires Hall as national politics reporter
Why the media are adding crypto reporters
Lahut leaving Insider for The Daily Beast
Philly Biz Journal staff writer Kostelni departing after 23 years
Former CoinDesk editorial staffer Michael McSweeney writes about the recent happenings at the cryptocurrency news site, where…
Manas Pratap Singh, finance editor for LinkedIn News Europe, has left for a new opportunity…
Washington Post executive editor Matt Murray sent out the following on Friday: Dear All, Over the last…
The Financial Times has hired Barbara Moens to cover competition and tech in Brussels. She will start…
CNBC.com deputy technology editor Todd Haselton is leaving the news organization for a job at The Verge.…
Note from CNBC Business News senior vice president Dan Colarusso: After more than 27 years…