Some of Wednesday’s top business news stories:
The Associated Press
Stock market today: Global markets lower ahead of US inflation update, by Joe McDonald
Japan’s tech investor SoftBank trims losses and promises offensive turnaround, by Yuri Kageyama
CNN
Even Zoom is making its staff return to the office, by Jordan Valinsky
It’s not just actors: Over 11,000 city workers will strike in LA on Tuesday, by Samantha Delouya
The Wall Street Journal
Fast-Food Customers Are Giving Up on Dining In, by Heather Haddon
Paramount to Sell Simon & Schuster to KKR for $1.62 Billion, by Jeffrey A. Trachtenberg and Jessica Toonkel
CNBC
Boeing resets Starliner plan to be ready for first NASA crew flight by March, by Michael Sheetz
Warner Bros. Discovery’s Max targets MLB playoffs for new streaming sports tier, by Alex Sherman
Reuters
Amazon results could bode well for rival retailers Walmart, Target, by Siddharth Cavale and Ananya Mariam Rajesh
PayPal launches dollar-backed stablecoin, boosting shares, by Jaiveer Shekhawat and Hannah Lang
News about business journalism:
Talking Biz News Today – Aug. 7, 2023
Dow Jones makes leadership promotions, changes
Examining the financial news industry
ACBJ hires Denison as SEO editor
Modern Retail account has been suspended on X
Huang moves to Meta beat for The Information
GB News hires Sheldon as digital finance editor
CoStar has hired three new copy editors
News Media Corp. sells Colorado papers
Schroders to sponsor FT Business Book of the Year
Evening Standard promotes Hunt to biz and tech correspondent
