Talking Biz News Today – May 13, 2022

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