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
The Advocate is looking for a savvy reporter to cover the Baton Rouge business scene…
MLex, a LexisNexis company, is an independent news organization for breaking news and forward-looking analysis…
The Austin Business Journal seeks a staff writer to cover economic development in one of…
A Russian court on Saturday placed Sergei Mingazov, a journalist for the Russian edition of…
Justin Nielsen of Investor's Business Daily writes about the newspaper's 40th anniversary. Nielsen writes, "When the…
Clare Fieseler has been hired by Politico and subsidiary E&E News to cover renewable energy,…