Some of Wednesday’s top business news stories:
The Associated Press
Microsoft bakes ChatGPT-like tech into search engine Bing, by Matt O’Brien
Fed’s Powell: Strong hiring could force further rate hikes, by Christopher Rugaber
CNN
Americans are becoming ‘reluctant’ to make larger purchases, new Fed report shows, by Alicia Wallace
Zoom will lay off 1,300 employees and CEO is taking a massive pay cut, by Catherine Thorbecke
The Wall Street Journal
Chipotle Profit Hit by Higher Labor Costs, by Heather Haddon
Boeing to Cut 2,000 Finance and HR Jobs, by Andrew Tangel
CNBC
What will TV look like in three years? These industry insiders share their predictions, by Alex Sherman and Lillian Rizzo
Bed Bath & Beyond lines up funding in a last-ditch bid to avoid bankruptcy, by Gabrielle Fonrouge
Reuters
Microsoft packs Bing search engine, Edge browser with AI in big challenge to Google, by Jeffrey Dastin
Shoppers to face fresh price hikes as stores, suppliers pass on costs, by Richa Naidu
News about business journalism:
Pitch values Forbes at $800M with $285M in revenue
WSJ’s Day returning to the Associated Press
NY Times embraces TikTok, WaPo investigative move, new team leader in Houston
Shah reflects on first month as Texas Tribune CEO
NY Times opens TikTok account for news
Rolling out news channel, BBC eliminates presenter roles for some employees
Parent of tech sites The Verge and Recode gets investment
Carpenter joins new digital news organization as team leader
How Skift survived and thrived during the pandemic
Williams joins Politico as UK tech and trade editor
WSJ hires Naik as executive producer of YouTube
