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’
The Information has hired Ken Brown as senior finance editor. Brown was previously at the…
The Globe and Mail is seeking a New York correspondent to report from the heart…
The union that represents editorial staffers at Bloomberg Industry Group sent issued the following in…
City AM, a publication covering London business news, has confirmed it is ending its Monday…
Kimberly Johnson, former election editor at The Wall Street Journal, wrote a goodbye email to…
X has hired John Stoll, a former editor and Detroit bureau chief at The Wall…