Some of Tuesday’s top business news stories:
The Associated Press
UK wages are rising at a record pace. That makes higher interest rates more likely, by Pan Pylas
Los Angeles Times owners sell San Diego Union-Tribune to publishing powerhouse
CNN
Florida is now America’s inflation hotspot, by Bryan Mena and Alicia Wallace
Meta cut election teams months before Threads launch, raising concerns for 2024, by Donie O’Sullivan and Sean Lyngaas
The Wall Street Journal
Amazon’s Prime Day to Test Consumer Demand, by Sebastian Herrera
Retailers Set Higher Bars for Free Shipping as Delivery Costs Surge, by Liz Young
CNBC
Home prices are hitting new highs again, as high rates put the squeeze on supply, by Diana Olick
Microsoft confirms more job cuts on top of 10,000 layoffs announced in January, by Jordan Novet
Reuters
Stocks rise, dollar retreats ahead of inflation data, by Amanda Cooper
Meta’s Twitter rival Threads surges to 100 million users faster than ChatGPT, by Katie Paul and Akash Sriram
News about business journalism:
Yahoo Finance hires Reid-Cleveland as a senior editor
Businesses pay for 75% of FT’s subscriptions
Mayerowitz departing The Points Guy after five years
The Information hires Black to write features
The Wrap hires Korach to cover the media industry
Bloomberg hires Wong as weekend editor in Asia region
Endpoints hires De Groot to cover FDA
KC Star retail reporter departs after 38 years
Bailey’s Atlanta-based post for WaPo, Reuters’ tech team add, Messenger departure
CBS News hires Kent as senior biz and tech correspondent
Reuters hires Cherney as tech correspondent in San Francisco
