Some of Wednesday’s top business news stories:
The Associated Press
School lawsuits over social media harm face tough legal road, by Gene Johnson
US to max out on debt soon, setting up political fight, by Fatima Hussein and Josh Boak
CNN
Two global recessions in one decade? That hasn’t happened in over 80 years, by Julia Horowitz
Wells Fargo is retreating from the mortgage market it once led, by Matt Egan
The Wall Street Journal
Coinbase Crypto Exchange to Cut Nearly 1,000 Jobs, by Caitlin Ostroff
Netflix Revokes Some Staff’s Access to Other People’s Salary Information, by Jessica Toonkel and Sarah Krouse
CNBC
Bed Bath & Beyond lays off more employees as it struggles to survive, by Melissa Repko and Lillian Rizzo
Reuters
China imposes transit curbs for S.Korea, Japan in growing COVID spat, by Yew Lun Tian and Brenda Goh
Audi Mexico agrees on wage increase with union, avoiding strike
News about business journalism:
Cheddar struggling to find the right strategy
Mainebiz names Tetzlaff its publisher
Politico hires Robson as deputy tech editor
Crain’s New York hires three new reporters
FT taps Barrick to serve as editorial content director of FT Specialist Europe
Bloomberg’s Orland to become editor on energy and commodities team
Politico hires Bikales to cover energy
Lutz to cover tech and innovation at Automotive News
Barbaglia joins Reuters Breakingviews as a columnist
Chicago Tribune hires Kane to cover housing and residential real estate
Check out today’s Media Moves on Talking Biz News
WSJ hires Chicago Tribune’s Keilman to cover manufacturing
