Talking Biz News Today – June 15, 2022

Some of Wednesday’s top business news stories:

The Associated Press

European Central Bank to gather after borrowing costs rise

Biden tells oil refiners: Produce more gas, fewer profits, by Josh Boak

CNN

Coinbase lays off 18% of its workforce and warns of ‘crypto winter’, by Jordan Valinsky

The stock market is demanding the Fed take historic action on inflation, by David Goldman

The Wall Street Journal

Apple, Major League Soccer Strike 10-Year Streaming Deal for All MLS Games, by Rachel Bachman and Tim Higgins

Real-Estate Firms Redfin and Compass Shed Jobs as Housing Market Slows, by Omar Abdel-Baqui

CNBC

Netflix, once the great disruptor, is now taking ideas from the industry it upended to jumpstart growth, by Alex Sherman

Elon Musk says SpaceX will have Starship ‘ready to fly’ in July, amid FAA work, by Michael Sheetz

Reuters

Bitcoin tumbles as crypto sell-off accelerates, by Tom Wilson

China’s factories perk up, but frail consumption points to weak economic recovery, by Kevin Yao and Ellen Zhang

News about business journalism:

Bloomberg Law senior reporter Mulvaney departs

Tampa Bay Times hires George to cover transportation and tourism

Peers, New York bureau chief of The Information, is leaving

CNBC Make It hires Onque as a health and wellness reporter

Fong named executive editor of The Logic

Pensions & Investments hires Thrasher to cover asset managers

Carlozo joins Buy Side from the Wall Street Journal

Smith joins Sifted as a senior reporter

Politico hires Roussi as cybersecurity reporter in Brussels

Bloomberg’s Fan released on bail in China

Endpoints News appoints Whitlock features editor