Some of Friday’s top business news stories:
The Associated Press
A key inflation gauge tracked by Fed remained high in March, by Christopher Rugaber
Fed’s review of role in Silicon Valley Bank collapse due out, by Christopher Rugaber and Ken Sweet
CNN
Amazon posts $3.2 billion profit as it goes through multiple rounds of layoffs, by Krystal Hur
US worker pay gains picked up in the first quarter, by Bryan Mena
The Wall Street Journal
Amazon Rebounds From Postpandemic Doldrums, but Says Cloud Growth Is Slowing, by Sebastian Herrera
Exxon, Chevron Profits Are Robust Even as Oil Prices Drop, by Collin Eaton
CNBC
Southwest scales back 2023 hiring because of Boeing aircraft delays, by Leslie Josephs
Bed Bath & Beyond store closures will kick off a land grab for fast-growing retailers, by Melissa Repko
Reuters
U.S. consumer spending flat in March; core inflation still strong
Microsoft signs 10-year deal with Spain’s Nware after UK blocks Activision bid
News about business journalism:
Reuters hires Wong as senior editor, wider image and special projects
WSJ Magazine editor O’Neill is leaving
Yahoo Finance hires Friar as front page editor
Bloomberg’s Elkin named interim team leader for power and renewables
Biz journalist Lynley starts AI newsletter “Supervised”
WSJ’s Beckett: Gerskovich was a “natural” reporter
Talking Biz News Today — April 27, 2023
Reuters journalists in Turkey have called for a strike
Russia denies US request to visit WSJ reporter Gershkovich
