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
This position will be Hybrid in the office/market 3 days per week, and those days…
G/O Media CEO Jim Spanfeller pushed back against comments that the financial news site Quartz,…
Business Insider is hiring a Leadership and Workplace correspondent to cover leadership strategies, career advancement,…
Business Insider is looking for a full-time tech correspondent to get scoops and report on…
Annie Allen, executive producer of Politico Live, sent out the following on Monday morning: Good…
ProPublica investigative reporter Craig Silverman has left the news organization after nearly four years. He…