Some of Thursday’s top business news stories:
The Associated Press
UK central bank intervenes in market to halt economic crisis, by Danica Kirka and Jill Lawless
Ian threatens Florida’s already unstable insurance market, by Anthony Izaguirre
CNN
There’s a 98% chance of a global recession, research firm warns, by Matt Egan
Apple stock drops on concerns about iPhone 14 demand, by Samantha Murphy Kelly
The Wall Street Journal
Chevron Sells Global Headquarters, Pares Back in California Amid Texas Expansion, by Collin Eaton
Tesla Adds Airbnb Co-Founder Joe Gebbia to Board of Directors, by Denny Jacob
CNBC
McDonald’s owners group says company rejected request to delay big changes to franchise system, by Kate Rogers
Mortgage refinancing drops to a 22-year low as interest rates surge even higher, by Diana Olick
Reuters
H&M to cut costs as profits hit by inflation, cautious shoppers, by Anna Ringstrom
Amazon raises hourly pay for warehouse and transportation workers
News about business journalism:
Fortune’s Kowitt joining Bloomberg Opinion
Modern Healthcare hires Kane as a DC reporter
Bonos named assistant tech editor at Washington Post
Canales departs Business Insider for Morning Brew
WSJ reporter Tilley moves to Apple beat
Fast Company shuts website after hack
Consumer Reports to lay off 20+ employees, eliminates 28 job vacancies
Thomas moves to Business Insider’s tech desk
Philadelphia Biz Journal hires Dooling as a hospitality and tourism reporter
