Some of Friday’s top business news stories:
The Associated Press
Europe’s sweeping rules for tech giants have kicked in. Here’s how they work, by Kelvin Chan
Stock market today: Asian shares mostly decline ahead of Federal Reserve’s Powell speech, by Yuri Kageyama
CNN
T-Mobile to lay off 5,000 employees, by Clare Duffy
CNN is launching a live service on Max with new programming as the network reboots its streaming efforts, by Oliver Darcy
The Wall Street Journal
Gap Revenue Falls on Weaker In-Store and Digital Sales, by Sabela Ojea
Subway Sandwich Chain Agrees to Sale to Roark Capital, by Heather Haddon
CNBC
DOJ sues SpaceX alleging hiring discrimination against refugees and asylum recipients, by Michael Sheetz
Boeing says a new 737 Max flaw will slow airplane deliveries, by Leslie Josephs
Reuters
Highly mutated COVID variant found in new countries but pandemic in ‘a different phase’, by Jennifer Rigby and Julie Steenhuysen
US department stores see higher credit delinquencies amid strained spending, by Katherine Masters and Ananya Mariam Rajesh
News about business journalism:
How the strike is exposing entertainment industry publications
Engadget reporter Fingas is departing
SABEW hires Klimstra as executive director
New York Times + Washington Post = eight media moves
Bloomberg hires Dobby as Canada finance reporter
Russia extends pretrial detention of WSJ’s Gershkovich
Launching a tech news site means everybody does everything
