Some of Friday’s top business news stories:
The Associated Press
Powell: ‘Soft’ economic landing may be out of Fed’s control, by Christopher Rugaber
Elon Musk says Twitter deal ‘temporarily on hold’, by Kelvin Chan
CNN
Not all recessions are the same. Here’s what could happen to the economy and markets, by Nicole Goodkind
China’s currency just had its worst month ever. It’s still dropping, by Laura He
The Wall Street Journal
Record Diesel Prices Pressure European Drivers, U.S. Deliveries, by Joe Wallace
Inside the Collapse of CNN+, the News Channel’s ‘Apollo Mission’, by Lillian Rizzo
CNBC
U.S. licenses key Covid vaccine technology to WHO so other countries can develop shots, by Spencer Kimball
Cryptocurrency luna crashes to $0 as UST falls further from dollar peg; bitcoin rebounds 8%, by Arjun Kharpal
Reuters
California’s minimum wage projected to rise to $15.50 under inflation trigger, by Steve Gorman
News about business journalism:
Indianapolis Biz Journal reporter Ketterer departs to become news editor
Reuters hires The Verge’s Byford to cover markets in Tokyo
Bloomberg hires Yahoo Finance’s Fung as markets editor
LinkedIn hires Business Insider’s Dua as technology editor
Bloomberg’s ambitious plans in the United Kingdom emerge
FT’s Mulholland joins Telegraph as senior business reporter
Axios hires Bloomberg’s Kim to write crypto newsletter
