Media News

Talking Biz News Today – July 11, 2023

July 11, 2023

Posted by Mariam Ahmed

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


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


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


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













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