Some of Thursday’s top business news stories:
The Associated Press
Expect big crowds for the summer travel season — and big prices, too, by David Koenig
CNN
Meta’s business groups cut in latest round of layoffs, by Clare Duffy
Americans’ outlook on retirement darkens to an 11-year low, by Matt Egan
The Wall Street Journal
Elon Musk Urges More Companies to Shrink Like Twitter, by Chip Cutter
China Hack Is Latest Challenge for West’s Diplomatic Reset With Beijing, by Mike Cherney and Austin Ramzy
CNBC
Best Buy shares rise on earnings beat, even as electronics sales slow, by Melissa Repko
Mortgage demand drops again as rates cross back over 7%, by Diana Olick
Reuters
Verizon warns customer service employees of impending layoffs- The Verge
Facebook owner Meta slashes business teams in final round of layoffs, by Katie Paul
News about business journalism:
Gerber joins LA Times biz desk as enterprise reporter
Johnson takes on expanded role at the WSJ
Bloomberg names Gopinath a private equity deals reporter
NBC’s new culture/trends reporter, Bloomberg’s PE beat writer, the end for ‘Vice News Tonight’
‘Vice News Tonight’ says goodbye
Talking Biz News Today – May 24, 2023
