Some of Wednesday’s top business news stories:
The Associated Press
Retail sales rise 0.9% in April as consumers show resilience, by Christopher Rugaber
Global stocks mixed after US retail data offset rate fears, by Joe McDonald
CNN
American oil is usually a cheaper option. Not anymore, by Julia Horowitz
UK inflation hits 40-year high of 9%
The Wall Street Journal
Elon Musk’s Twitter Bot Problem Is Fake News, by Laura Forman
Target Stock Sinks 20% on Earnings Miss, High Costs, by John Stensholt
CNBC
Netflix lays off 150 employees as the streaming service contends with big subscriber losses, by Sarah Whitten
Weekly mortgage demand from homebuyers tumbles 12%, as higher interest rates take their toll, by Diana Olick
Reuters
China relaxes some COVID test rules for U.S., other travellers
World in no better place to fight pandemics than before COVID – review panel, by Jennifer Rigby
News about business journalism:
Politico hires Reader to cover health tech
Chiglinsky named real estate team leader at Bloomberg
Bloomberg’s Reyes to take on Buffett beat
Mascarenhas to cover fintech for TechCrunch
Bloomberg Media ad revenue up 40% in first quarter
WSJ’s Hall becomes SABEW president
Barlett and Steele Awards to offer regional/local and under 30 categories
PCWorld executive editor Gordon Mah Ung, a tireless journalist we once described as a founding father…
CNBC senior vice president Dan Colarusso sent out the following on Monday: Before this year comes to…
Business Insider editor in chief Jamie Heller sent out the following on Monday: I'm excited to share…
Former CoinDesk editorial staffer Michael McSweeney writes about the recent happenings at the cryptocurrency news site, where…
Manas Pratap Singh, finance editor for LinkedIn News Europe, has left for a new opportunity…
Washington Post executive editor Matt Murray sent out the following on Friday: Dear All, Over the last…