Some of Friday’s top business news stories:
The Associated Press
Journalists to strike June 5 at the largest US newspaper chain
Stock market today: Asia follows Wall Street up on hopes Fed will ease off rate hikes, by Joe McDonald
CNN
US mortgage rates climb to their highest level since November, by Anna Bahney
JPMorgan is closing 25% of First Republic’s branches, by Matt Egan
The Wall Street Journal
Twitter’s Top Content Moderation and Safety Executive Leaves, by Alexa Corse
Meta Requires Office Workers to Return to Desks Three Days a Week, by Ginger Adams Otis
CNBC
Macy’s slashes its full-year outlook even as earnings beat, by Melissa Repko
CNN’s new COO hire underscores bond between CEO Chris Licht and WBD boss David Zaslav, by Alex Sherman
Reuters
Slower US job, wage gains expected in May, by Lucia Mutikani
Netflix shareholders withhold support for executive pay package, by Dawn Chmielewski
News about business journalism:
Bloomberg hires Nimmo as editor on global biz team
Barske stepping down as editor of Business Record
Wilson departs Automotive News for Presidio Group
WSJ news editor Scism is leaving after 30 years
CNET ME DiPane departing for new opportunity
New EIC for States Newsroom, Quartz’s EIC departs, a four-decade legend retires
Louisville Biz First hires Stinnett as senior reporter
Quartz editor in chief Seward departing after 11 years
OPEC bans Reuters, WSJ, Bloomberg from meeting
