Some of Wednesday’s top business news stories:
The Associated Press
Global stock markets gain ahead of Fed update, by Joe McDonald
Twitter says it will relax ban on political advertising
CNN
Apple has lost $1 trillion in market value in a year, by Samantha Murphy Kelly
Microsoft gets its first US union, by Jennifer Korn and Catherine Thorbecke
The Wall Street Journal
Salesforce to Lay Off 10% of Workforce, Reduce Offices, by Will Feuer
Southwest Airlines Offers 25,000 Points to Passengers Hit by Travel Meltdown, by Dawn Gilbertson
CNBC
Manhattan apartment sales plunge in fourth quarter as brokers fear a frozen market, by Robert Frank
Mortgage demand plunges 13.2% to end 2022, as interest rates head higher again, by Diana Olick
Reuters
Amazon secures $8 billion term loan
Shopify launches new subscription product to lure big retail clients
News about business journalism:
Forbes hires Whitmire as senior editor for newsletters
Axios taps Sparber to cover real estate
Forbes taps Murray as explainers and trends reporter
Pringle joins Fortune’s European bureau
PR Week hires Ruderman as a senior reporter
Politico hires Crain’s New York’s Kaufman to cover health care
WSJ hires Timms as national legal affairs reporter
Insider names Smith deputy editor on the audience team
Politico hires Insider’s Schumaker for health care team
Siu taking over “10 Things in Tech” newsletter at Insider
Nededog, Chitwood named co-executive editors at The Wrap
Politico reporter Wax moves from ag/food beat to politics
Daily Upside hires Protocol’s Rubio as senior reporter
Royle joins Fortune as a biz reporter in London
Haburchak joins WSJ as editorial director, audio
New beat in Paris for FT’s Klasa
Politico hires Zimmermann as sustainability reporter
