Some of Wednesday’s top business news stories:
The Associated Press
Elon Musk sells $3.95 billion worth of Tesla stock, by Barbara Ortutay
Facebook parent Meta cuts 11,000 jobs, 13% of workforce, by Barbara Ortutay
CNN
Twitter to debut gray ‘official’ check mark to verify government accounts, media and major brands, by Brian Fung
Proposed tie-up sends shockwaves through crypto markets, by Allison Morrow
The Wall Street Journal
Netflix Explores Investing in Sports Leagues, Bidding on Streaming Rights, by Jessica Toonkel and Sarah Krouse
Disney’s Earnings Hurt by Costs at Disney+, by Robbie Whelan
CNBC
Space company Astra lays off 16% of workforce as it faces rocket development delay, quarterly losses, by Michael Sheetz
Weekly mortgage demand flattens, as interest rates climb higher to 7.14%, by Diana Olick
Reuters
Microsoft faces new EU antitrust complaint on cloud computing practices, by Foo Yun Chee
Europe’s retailers strive to keep prices low to win struggling shoppers, by Richa Naidu
News about business journalism:
Former Crain’s Detroit editor returns to Detroit News
Wisconsin paper hires Kloehn to cover business
Minneapolis/St. Paul Biz Journal hires Schubert as a reporter
Dow Jones reports increase in revenue, profits
How Bloomberg’s Basak develops sources
Bloomberg EIC to staff: Be careful using Twitter as a source
Dawn Wotapka’s Media Movers: Fox Business’ Cheryl Casone
Bronner named Israel bureau chief for Bloomberg
NY Times hires Warner as senior editor for DealBook
Bloomberg makes changes to Latin America coverage
Bloomberg hires Newman to cover tech in Tel Aviv
What today’s journalism could learn from Kip Kiplinger
Axios tech reporter McGill joins government agency
Denver Biz Journal hires Romano as money reporter
