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
The Indianapolis Business Journal is looking for our next news editor, a role that focuses…
Axios has chosen Ben Berkowitz to be its next managing editor of business and markets.…
Business Insider editor in chief Jamie Heller sent out the following on Monday: I'm thrilled…
Rest of World editor in chief Anup Kaphle sent out the following on Monday: We are excited…
The Financial Times has hired Veena Venugopal as its India newsletter editor. She has been working at…
Benjamin Parkin has been named Middle East and Africa news editor at the Financial Times, based…