Talking Biz News Today – July 28, 2022

Some of Thursday’s top business news stories:

The Associated Press

US not yet in recession and 4 other takeaways from the Fed, by Christopher Rugaber

CNN

FTC files to block Facebook-parent Meta from buying a VR company, by Clare Duffy, Rachel Metz and Brian Fung

Facebook parent posts first revenue decline as a public company, by Clare Duffy

The Wall Street Journal

JetBlue Nears Deal to Buy Spirit, by Cara Lombardo and Alison Sider

‘Make Instagram Instagram Again’: The App’s Evolution Is Causing Users to Question Its Future, by Cordilia James and Maddie Ellis

CNBC

Ford beats expectations and raises dividend as company sells more of its top models, by John Rosevear

Best Buy cuts its outlook, joining other retailers as inflation pressures shoppers, by Melissa Repko

Reuters

Barclays profit marred by $2 billion cost of blunders, by Lawrence White and Iain Withers

News about business journalism:

Washington Post hires Grist’s Osaka to cover climate

Bloomberg adds three to editing ranks

Bloomberg hires Starr to be global business editor

Bloomberg Law hires Gilbert to cover employment discrimination

Business of Fashion’s Mondalek departs for McKinsey

Chicago Biz Journal hires Zorn as a reporter

Canadian Press biz reporter Marowits departs

CBS Stations hires Quraishi as national consumer correspondent