Talking Biz News Today – March 9, 2023

Some of Thursday’s top business news stories:

The Associated Press

Biden budget seeks big deficit cuts in challenge to GOP, by Josh Boak

Powell says ‘no decision’ on the Fed’s next move on rates, by Christopher Rugaber

CNN

The cost of food is down, but grocery bills are still up. Here’s why, by Danielle Wiener-Bronner

Crypto-friendly lender Silvergate collapses, by Allison Morrow

The Wall Street Journal

Where Musk’s Twitter Gambit Stands, Nearly Five Months In, by Mark Maurer

Spotify Launches New Video Feed to Keep Listeners Listening, by Anne Steele

CNBC

Mortgage demand recovers slightly, despite rising interest rates, by Diana Olick

Netflix’s expected password-sharing crackdown puts college students on edge, by Noah Sheidlower

Reuters

Bed Bath & Beyond raises $135 million more to aid turnaround effort

China consumer inflation slowest in a year, leaves room for more stimulus, by Liangping Gao and Ryan Woo

News about business journalism:

Edgerton named national security reporter in DC for Bloomberg

The Deal hires Tejani to cover financial services deals

Axel Springer, owner of Politico, plans to shutter print operations

CoinDesk promotes De to managing editor, global policy and regulation

Two Athletic F1 writer hires, Houston Chronicle op-ed move, Chi Trib’s Kim Quillen

Media Movers: The Chicago Tribune’s Kim Quillen

Cincy Biz Courier’s Daumeyer named VP at ACBJ

Rest of World’s Kaphle discusses its strategy

Dreier wins Sidney Award for child labor coverage

Ossinger joins Bloomberg’s Asia markets team as an editor