Some of Tuesday’s top business news stories:
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
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
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
Former Business Insider executive editor Rebecca Harrington has been hired by Dynamo to be its…
Bloomberg Television has hired Brenda Kerubo as a desk producer in London. She will be covering Europe's…
In a meeting at CNBC headquarters Thursday afternoon, incoming boss Mark Lazarus presented a bullish…
Ritika Gupta, the BBC's North American business correspondent, was interviewed by Global Woman magazine about…
Rest of World has hired Kinling Lo as a China reporter. Lo was previously a…
Bloomberg News saw strong unique visitor growth to its website in October, passing Fox Business…