OLD Media News

Talking Biz News Today – May 4, 2022

Some of Wednesday’s top business news stories:

The Associated Press

World shares slip ahead of Fed interest rate decision, by Elaine Kurtenbach

CNN

A record 4.5 million Americans quit their jobs in March, by Anneken Tappe

Starbucks will raise wages again — but not for unionized workers, by Danielle Wiener-Bronner

The Wall Street Journal

Social-Media Startups Take Aim at Facebook. And Elon Musk, by Deepa Seetharaman

Elon Musk Plans to Take Twitter Public a Few Years After Buyout, by Cara Lombardo and Eliot Brown

CNBC

Paxlovid prescriptions to treat Covid increased tenfold in U.S. since late February, Pfizer says, by Spencer Kimball

Starbucks suspends its outlook as Covid lockdowns hammer sales in China, by Amelia Lucas

Reuters

Investors keep power dry ahead of Fed, crude jumps, by Huw Jones

From coffee to ketchup, retailers seek price ‘shields’ as inflation runs riot, by Richa Naidu and Jessica DiNapoli

News about business journalism:

Bloomberg hires Benning as managing editor

How a NY Times reporter is covering Musk’s deal for Twitter

MarketWatch.com hires Han as a personal finance reporter

Crypto news site Decrypt spins out from parent after raising $10M

Bloomberg Law’s Bauman joining Newsweek

Man charged with securities fraud after accessing Motley Fool picks

Ag reporter Bustillo departing Politico for NPR

Weinman to launch Insider’s daily finance newsletter

WSJ taps Tanzer and Khan on the Style news desk

Debtwire’s Bringardner steps into new role

Irwin to cover fintech for Protocol

Mariam Ahmed

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