Some of Friday’s top business news stories:
The Associated Press
Amazon reports better-than-expected revenue and profits for 2Q, sending its stock higher, by Haleluya Hadero
Airbnb profit jumps to $650 million in 2Q, as bookings increase and rental rates hold steady, by David Koenig
CNN
Mortgage rates climb toward 7% after America’s credit rating was downgraded, by Anna Bahney
Apple’s sales fall for the third consecutive quarter, by Catherine Thorbecke
The Wall Street Journal
Warner Bros. Discovery to Make Sports and News Available on Streaming, by Joe Flint and Ben Glickman
KKR in Advanced Talks to Buy Simon & Schuster for Roughly $1.65 Billion, by Jessica Toonkel, Laura Cooper and Jeffrey A. Trachtenberg
CNBC
Warner Bros. Discovery loses subscribers after Max launch, but makes headway on debt paydown, by Lillian Rizzo
Americans are going abroad in droves — at the expense of domestic travel, by Leslie Josephs
Reuters
Kellogg boosts annual profit outlook on higher prices, by Aatrayee Chatterjee and Mehr Bedi
UK retail chain Wilko at risk of collapse
News about business journalism:
Talking Biz News Today – Aug. 3, 2023
The Information names Weinberg deputy bureau chief of finance
The Information taps Clark as deputy bureau chief for VC coverage
Dallas Biz Journal promotes Hethcock to assistant ME
Promising U of Maine senior goes pro, LA Times’ new deputy editor, Cosmo names assistant news editor
