Some of Wednesday’s top business news stories:
The Associated Press
Powell to face Capitol Hill hearing at a time of rising uncertainty over Fed’s interest-rate plans, by Christopher Rugaber
UK borrowers brace for more expensive loans as inflation fails to fall as anticipated, by Pan Pylas
CNN
The largest newspaper publisher in the US sues Google, alleging online ad monopoly, by Catherine Thorbecke
US home construction surged in May by the fastest pace in more than a year, by Anna Bahney
The Wall Street Journal
FedEx Quarterly Sales Fall 10% as Shipping Struggles Continue, by Ben Glickman and Esther Fung
Vacant Offices Are Piling Up in Silicon Valley, by Peter Grant
CNBC
Pfizer, Moderna and Novavax gear up for fall Covid vaccine rollout with an important head start, by Annika Kim Constantino
Bed Bath & Beyond schedules separate auction for Buy Buy Baby assets, by Lillian Rizzo
Reuters
Rivian to adopt Tesla’s charging standard in EVs and chargers, by Abhirup Roy
YouTube to launch its first official shopping channel in South Korea -Yonhap
News about business journalism:
Financial journalists launch new advisory firm
AdvisorHub hires Fu as associate editor
The Messenger hires Reis, Howley for personal finance
The Messenger hires Browning to run wealth and power team
Forbes hires Dobstaff as associate editor for newsletters
Chattanooga paper hires Sessoms to cover growth and development
FT’s Kaplan departing to be head of news at ARTE
Bloomberg Law hires Spoto as California reporter
Pepole’s new TV scribe, ABC’s multiplatform promotion, a sports reporter hire in Tucson
Financial Times moves Gross to political beat
Business Insider reporter Tobin departs
NYU students with business journalism internships for Summer 2023
