Some of Thursday’s top business news stories:
The Associated Press
US inflation surges again in June, raising risks for economy, by Christopher Rugaber
CNN
Here’s what’s getting more expensive at the grocery store, by Danielle Wiener-Bronner
Bill Gates funnels $20 billion to foundation and plans to drop off list of wealthiest people, by Allison Morrow
The Wall Street Journal
Elon Musk and Twitter Each Face Challenge to Define What Makes an Account Fake, by Sarah E. Needleman and Dave Michaels
Netflix Partners With Microsoft for New Advertising-Backed Option, by Sarah Krouse and Suzanne Vranica
CNBC
Average rent in Manhattan was a record $5,000 last month, by Robert Frank
Tesla AI leader Andrej Karpathy announces he’s leaving the company, by Lora Kolodny
Reuters
Major crypto lender Celsius files for bankruptcy, by Maria Ponnezhath and Tom Wilson
Dollar climbs further pinning euro, yen at multi-decade lows, by Iain Withers
News about business journalism:
Insider hires Streaks as senior investing reporter
Caruso joins Fox Business as senior editor
The strategy behind Buy Side from WSJ
WSJ’s Reiss joins the NY Times as photo editor
Reuters appoints Hussain editor in charge for finance
Wired union reaches first contract agreement
CNBC tech reporter Bursztynsky departs
Hunt joins Bloomberg Law as digital editor
The Pacific Business News, an American City Business Journals publication, has hired Janis Magin Meierdiercks as…
Sadia Nowshin, a reporter at European startup news site Sifted, is leaving to join literary…
Variety has promoted Ethan Shanfeld to TV reporter. William Earl of Variety writes, "Shanfeld joins the entertainment…
Kasia Klimasinska is the new team leader for DC breaking news at Bloomberg News. She…
Paul Smalera has organized a gathering of James Ledbetter's friends and colleagues—open to all…
Real estate news service CoStar News has hired Rachel Scheier to cover the San Francisco commercial market.…