Some of Friday’s top business news stories:
Associated Press
Amazon’s profit falls as costs for faster shipping soar, by Joseph Pisani
Ad-tech problems, weak revenue eclipse Twitter user growth
Fortune
TikTok Called a ‘Potential Counterintelligence Threat,’ by Bipartisan Duo of Senators, by Alyza Sebenius
VW Says It’s Committed to the Golf, Even While Rolling Out Serious In-House Competition, by Christoph Rauwald
CNN
Citigroup appoints Jane Fraser its new president, putting her in line to be first woman CEO of a major bank, by Clare Duffy
Walmart wants robots in stores. Target doesn’t, by nathaniel Meyersohn
The Wall Street Journal
California Blackouts Force Businesses to Tally Their Losses, by Jim Carlton, Jaewon Kang, Talal Ansari
Intel Raises Outlook, Sending Shares Higher, by Sarah E. Needleman
Reuters
China to ask U.S. to remove tariffs in exchange for ag buys in talks Friday: sources, by David Lawder, Andrea Shalal
Tesla starts selling China-made Model 3 with autopilot function, by Yilei Sun, Brenda Goh
News about business journalism
How Forbes transformed itself into a digital brand
Maryland paper hires Riley to be business reporter
Carlozo departs Bank Administration Institute
LinkedIn is increasing its journalism pool
Reuters staffer Edwards set to leave