Some of Thursday’s top business news stories:
The Associated Press
This is how a higher Fed rate could affect your finances, by Christopher Rugaber
Retail sales in May slip 0.3% amid surging inflation, by Anne D’Innocenzio
CNN
Apple retail workers in Maryland to begin voting in historic union election, by Catherine Thorbecke
Bitcoin has crashed more than 30% this week to $20,000, by Anna Cooban
The Wall Street Journal
Workers Don’t Feel Quite as Powerful as They Used To, by Callum Borchers
Elon Musk Expected to Reiterate Desire to Own Twitter in Meeting Thursday, by Cara Lombardo
CNBC
Fed hikes its benchmark interest rate by 0.75 percentage point, the biggest increase since 1994, by Jeff Cox
Netflix’s binge-release model is under new scrutiny as the streaming giant struggles, by Sarah Whitten
Reuters
China’s holdings of U.S. Treasuries skid to 12-year low; Japan also cuts holdings, by Gertrude Chavez-Dreyfuss
Oil prices recover on tight supplies, firm demand outlook, by Florence Tan
News about business journalism:
Youngstown Biz Journal hires Schaffer to cover tech news
TD Ameritrade hires BNN Bloomberg’s Bonnell
Union-Tribune hires Schulz from Forbes
Penny Hoarder ME Schlander hired to start real estate news operation
Fortune hires Mikhail to cover health and wellness
Idaho Biz Review editor Bonneau leaving
FT’s FundFire hires Colon as reporter
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