Talking Biz News Today – June 29, 2022

Some of Wednesday’s top business news stories:

The Associated Press

Instagram hides some posts that mention abortion, by Amanda Seitz

Asian shares track Wall St drop as inflation fears drag on, by Elaine Kurtenbach

CNN

Disney CEO Bob Chapek gets new three year contract, by Frank Pallotta

Pinterest CEO steps down, Google executive to take over in e-commerce push

The Wall Street Journal

FedEx’s New Boss Faces Strategic Choice as Package Volumes Fall, by Esther Fung

Tesla Lays Off Some Staff in Closing San Mateo, Calif., Office, by Rebecca Elliott

CNBC

Airbnb makes its party ban permanent, by Jessica Bursztynsky

Fight for Spirit Airlines goes down to the wire with competing bids from Frontier and JetBlue, by Leslie Josephs

Reuters

U.S. power companies face supply-chain crisis this summer, by Scott Disavino

UK economy faces double threat of inflation surge, recession risk, by William Schomberg and Andy Bruce

News about business journalism:

Gehan to cover retail for Business Insider

CNBC.com hires Min, Vanian, promotes Grant to deputy personal finance editor

Reuters hires Levy to cover corporate governance

FedScoop hires Krishan as a tech reporter

Bascobert, former Gannet CEO, named president of Reuters

Lienhard joins Law360 as a general assignment reporter

Neman moves to retail beat at St. Louis Post-Dispatch

TechCrunch taps Sawers to cover U.K. and European startups

The Block hires Murray as senior reporter

On Press Profiles, a Faber retrospective: 30 years of rockin’ the ‘Sqwak’ on CNBC

WSJ hires Eberling to cover “death and taxes” beat

Politico hires Sisco to cover antitrust