Some of Friday’s top business news stories:
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
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
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
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
Kellogg boosts annual profit outlook on higher prices, by Aatrayee Chatterjee and Mehr Bedi
UK retail chain Wilko at risk of collapse
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
Former CoinDesk editorial staffer Michael McSweeney writes about the recent happenings at the cryptocurrency news site, where…
Manas Pratap Singh, finance editor for LinkedIn News Europe, has left for a new opportunity…
Washington Post executive editor Matt Murray sent out the following on Friday: Dear All, Over the last…
The Financial Times has hired Barbara Moens to cover competition and tech in Brussels. She will start…
CNBC.com deputy technology editor Todd Haselton is leaving the news organization for a job at The Verge.…
Note from CNBC Business News senior vice president Dan Colarusso: After more than 27 years…