Talking Biz News Today – July 7, 2022

Some of Thursday’s top business news stories:

The Associated Press:

Fed: Sharply higher rates may be needed to quell inflation, by Christopher Rugaber

FAA to give airports $1 billion for terminals and upgrades

CNN

Apple plans new feature to protect journalists and human rights workers from spyware, by Sean Lyngaas

Red flag: Consumers are using Buy Now, Pay Later to cover everyday expenses, by Alicia Wallace

The Wall Street Journal

British Airways Slashes More Than 10,000 Flights Amid Industry Staffing Shortages, by Benjamin Katz

FDA Will Help Overseas Baby-Formula Makers Keep Selling in U.S. Beyond Shortages, by Stephanie Armour

CNBC

Peloton sweetens employee pay incentives as it fights to boost morale and stage a turnaround, by Lauren Thomas

Hulu is facing an existential crisis as Disney approaches a 2024 deadline to buy Comcast’s 33% stake, by Alex Sherman

Reuters

Shell boosts oil and gas asset value as refining soars, by Ron Bousso

News about business journalism:

Kaiser Health hires Chang from Miami Herald

Charlotte Observer biz reporter Smoot departs

FT investigative reporter Burgis is departing

SABEW Best in Business Book competition opens next week

Bloomberg Law hires Chutchian as deputy team leader

Personal finance reporter Lansat joins Morgan Stanley as content editor

“Mad Money with Jim Cramer” moving to NYSE

Real Deal promotes Sullivan to national managing editor