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
Emma Sandler has been hired as associate editor at Agenda, a publication under the FT…
Cablefax Daily interviewed Fox Business Network anchor Liz Claman on her induction into the Cable Hall…
BBC News has hired Charlotte Edwards as a reporter covering money, work and technology. She previously was…
Reuters has promoted Hatem Maher to deputy breaking news editor for the Middle East. Maher has been…
Canada's Financial Post has hired Ben Cousins as a senior editor. He has been working as a…
Reuters reporter David Carnevali has left the news organization for a new opportunity. "I left Reuters to…