Some of Monday’s top business news stories:
The Associated Press
Dozens of dangerous rail crossings will be eliminated with $570 million in grants, by Josh Funk
Saudi Arabia is slashing oil supply. It could mean higher gas prices for US drivers, by David McHugh
CNN
The case for a 2023 US recession is crumbling, by Matt Egan
Chuck Todd is stepping down from ‘Meet the Press’, by Ramishah Maruf
The Wall Street Journal
Elon Musk Is All About the Nonstop Grind. And He Can’t Stop Talking About It., by Tim Higgins
Big Banks Could Face 20% Boost to Capital Requirements, by Andrew Ackerman
CNBC
Consumers are more likely to cut back on restaurant visits than trade down to fight inflation, report says, by Amelia Lucas
Consumers keep traveling despite recession fears and inflation, by Leslie Josephs
Reuters
Walmart reiterates goal of doubling international gross merchandise in five years, by Siddharth Cavale
Tesla’s China-made EV sales rose 2.4% in May from April – CPCA, by Qiaoyi Li and Brenda Goh
News about business journalism:
Hagerty retires from WSJ after 45 years
MarketWatch.com AME Kerch has retired
CoinDesk’s Napolitano now covering US courts
Insider CEO Blodget on the strike: Guild is to blame
Social media editor Rieck departing Bloomberg
Inc. hires Blum as senior writer
Ling joins CBS after CNN cuts, NY Times’ weather newsletter, our Media Moves roundup
MIT Tech Review senior reporter Basu departs
Roush has a new gig, Wired EIC departs, trouble at The Messenger: TBN Ticker for June 2
Insider editorial staffers are now striking
Talking Biz News Today – June 2, 2023
