Talking Biz News Today — Aug. 25, 2023

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