Talking Biz News Today – June 5, 2023

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

CNBC anchor Cutmore departs

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