Some of Thursday’s top business news stories:
The Associated Press
Europe’s energy crisis raises firewood prices, theft fears, by Vanessa Gera, David McHugh and Aurel Obreja
CNN
Meta’s stock falls 17% as its quarterly profit is cut in half, by Clare Duffy
Samsung names billionaire scion Jay Y. Lee as chairman, by Michelle Toh and Gawon Bae
The Wall Street Journal
Elon Musk’s Twitter Takeover Close at Hand as Banks Begin to Turn Over $13 Billion of Cash, by Laura Cooper, Alexander Saeedy and Cara Lombardo
CNBC
Elon Musk carried a sink into Twitter on Wednesday as deal nears close, by Lauren Feiner
CNN chief Chris Licht has big ideas, but employees are nervous, and more job cuts are coming, by Alex Sherman
Reuters
Chinese cities double down on zero-COVID as outbreaks widen, by Ryan Woo
U.S. mortgage interest rates jump to 7.16%, highest since 2001
News about business journalism:
The Block hires Robertson to helm crypto newsletter
CoinDesk’s Hochstein becoming executive editor for its crypto festival
News & Observer hires Allam to cover real estate
Biz reporter Keller departs Maryland’s Frederick News-Post
Semafor launches climate/energy newsletter sponsored by Chevron
Morning Consult hires Zipp as a health care reporter
Why Bloomberg Media is dropping programmatic ads
Bhattacharya becomes speed and trending desk reporter for WSJ
Australian Financial Review hires Buckingham-Jones as media and marketing reporter
