Talking Biz News Today – June 2, 2023

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