Some of Thursday’s top business news stories:
Expect big crowds for the summer travel season — and big prices, too, by David Koenig
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
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
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
Verizon warns customer service employees of impending layoffs- The Verge
Facebook owner Meta slashes business teams in final round of layoffs, by Katie Paul
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’
MLex has hired Maria Dinzeo as a senior data privacy and security reporter. She will start next…
ProPublica has hired Reuters cybersecurity reporter Christopher Bing as a reporter in its Washington bureau. He…
CNN has named Kaitlan Collins its anchor and chief White House correspondent. Collins will continue to anchor…
John Edwards III, the managing editor for weekends Americas at Bloomberg News, has left the…
Kelsey Hayes, assistant tech editor and living cities editor for Politico in London, is leaving…
Atlanta Business Chronicle editor in chief Doug Sams is leaving the publication to become a senior reporter…