Some of Tuesday’s top business news stories:
The Associated Press
Biden says auto workers need ‘good jobs that can support a family’ in union talks with carmakers, by Josh Boak
UBS to pay $1.44 billion to settle 2007 financial crisis-era mortgage fraud case, last of such cases, by Ken Sweet
CNN
US gas prices climb to highest level in nearly 10 months, by Matt Egan
Home Depot’s slowing sales suggest Americans feel lousy about housing, by Anna Bahney
The Wall Street Journal
Hollywood Studios Resume Talks With Writers to End Monthslong Labor Dispute, by Joe Flint
Amazon’s Leader on Alexa, Echo and Other Devices Plans to Leave, by Dana Mattioli and Jessica Toonkel
CNBC
Four reasons why the consumer is so confusing — and what that may mean for retail earnings, by Melissa Repko and Gabriel Cortés
Nikola shares fall after EV maker recalls all of its battery-electric semitrucks following a fire, by John Rosevear
Reuters
Investors pummeled by tech in 2022 make new bets on sector in second quarter, by Svea Herbst-Bayliss
Target set to post first quarterly revenue drop in six years as consumers cut spending, by Granth Vanaik
News about business journalism:
Crain’s Cleveland reporter McCafferty to go freelance
US ambassador meets with jailed WSJ reporter
Bankadelic podcast: AI is changing how financial advisors work at light speed
CNBC hires Semafors’ Hoffman as on-air contributor
CNN revamps its programming lineup
CoinDesk lays off 45% of editorial staff
Portnoy to join Sports Biz Journal as college sports reporter
FT names long list for Business Book of the Year
Talking Biz News Today – Aug. 14, 2023
