Some of Friday’s top business news stories:
The Associated Press
Housing market chills as mortgage rates, prices scare buyers, by Ken Sweet, Michael Casey and Alex Veiga
CNN
Big companies are starting to get nervous about the job market, by Paul R. La Monica
The European Central Bank raises rates for the first time in 11 years, by Julia Horowitz
The Wall Street Journal
Amazon Faces Fierce Competition in Health Ambitions After One Medical Deal, by Melanie Evans and Sebastian Herrera
Amid Fight With Elon Musk, Twitter Expected to Report Revenue Growth, by Sarah E. Needleman
CNBC
Convenience store chain 7-Eleven cuts 880 corporate jobs as part of restructuring, by Lauren Thomas
Snap shares plunge 25% on disappointing second-quarter results and plans to slow hiring, by Jonathan Vanian
Reuters
FedEx to suspend Sunday deliveries in some U.S. markets
Target puts the squeeze on suppliers after inventories pile up, by Siddharth Cavale and Arriana McLymore
News about business journalism:
Variety promotes Ravindran to executive editor of international
Mandaro named ME at The Information
BridgeTower CEO Reinebach departs
A look at Industry Dive’s success
Mann named editor of ACBJ’s National Observer newsletter
The diversity problem in business journalism hurts coverage
South Florida Biz Journal hires Floyd as a hospitality reporter
Kelly departing Bloomberg after seven years
Real Deal taps Welton as senior editor
