Some of Friday’s top business news stories:
The Associated Press
Gas prices close in on $5 a gallon in US, hit record in UK, by David Koenig
Biden visiting LA port as high prices persist as threat, by Chris Megerian and Josh Boak
CNN
Americans lost half a trillion dollars in wealth in early 2022, by Tami Luhby
European Central Bank confirms plans for first rate hike in 11 years, by Anna Cooban and Julia Horowitz
The Wall Street Journal
Chip Shortage Threatens Cutting-Edge Tech Needed for Next-Generation Smartphones, by Asa Fitch and Jiyoung Sohn
Facebook Rethinks News Deals, and Publishers Stand to Lose Millions in Payments, by Alexandra Bruell and Keach Hagey
CNBC
Adobe CEO says e-commerce is seeing price decreases, expects strong future for online shopping, by Krystal Hur
China struggles to stamp out Covid as Beijing, Shanghai reimpose some restrictions, by Evelyn Cheng
Reuters
European shares slide over 1% ahead of U.S. inflation data, by Susan Mathew
News about business journalism:
Forbes hires Coleman for breaking news desk
FT launches app for Microsoft Teams
Energy reporter Vogelsong named editor of Virginia Mercury
CNBC senior vice president Dan Colarusso sent out the following on Monday: Before this year comes to…
Business Insider editor in chief Jamie Heller sent out the following on Monday: I'm excited to share…
Former CoinDesk editorial staffer Michael McSweeney writes about the recent happenings at the cryptocurrency news site, where…
Manas Pratap Singh, finance editor for LinkedIn News Europe, has left for a new opportunity…
Washington Post executive editor Matt Murray sent out the following on Friday: Dear All, Over the last…
The Financial Times has hired Barbara Moens to cover competition and tech in Brussels. She will start…