Some of Monday’s top business news stories:
The Associated Press
Biden, McCarthy to hold pivotal meeting on debt ceiling as time to resolve standoff grows short, by Lisa Mascaro, Stephen Groves and Zeke Miller
CNN
Meta slapped with record $1.3 billion EU fine over data privacy, by Hanna Ziady
American Airlines and JetBlue have to break up their partnership, court rules, by Ramishah Maruf
The Wall Street Journal
Disney’s ABC, ESPN Weakness Adds Pressure to Make Streaming Profitable, by Robbie Whelan
Immigrants’ Share of the U.S. Labor Force Grows to a New High, by Gabriel T. Rubin and Rosie Ettenheim
CNBC
Morgan Stanley CEO plans to step down within the year, sparking Wall Street succession race, by Hugh Son
Monday is Ford’s chance to convince Wall Street skeptics of its EV plans, by Michael Wayland
Reuters
Foot Locker slumps as weak demand, heavy discounts drive annual outlook cut, by Deborah Mary Sophia
Don’t delay reforms to prepare for next pandemic – WHO chief
News about business journalism:
Reuters asks staff to cut back on expenses
Wired, NBC, Washington Post win Deadline Club awards in biz journalism
How the Argentine financial crisis influenced Casey’s crypto coverage
NY Times debuts “The Headlines” podcast
Evers-Hillstrom departs The Hill for Bloomberg
Vice goes bankrupt, Messenger keeps hiring, WaPo’s new ME: TBN Ticker for May 19
CNN’s anchor for new show, moves in twos at NY Times, Guardian, The Hill
ABC News hires Morris from The Economist
MLex promotes Bolongaro to ME for Europe
Bloomberg Asia transportation reporter Kotoky has died
Hudson named biz editor at Chicago Sun-Times
Russia again denies consular visit for WSJ’s Gershkovich
Bloomberg Industry gets federal court to unseal SEC ruling
Benning named ME for Bloomberg Opinion
