Some of Thursday’s top business news stories:
The Associated Press
White House warns of recession as debt limit fight drags on, by Zeke Miller and Josh Boak
Fed raises key rate but hints it may pause amid bank turmoil, by Christopher Rugaber
CNN
Microsoft opens up its AI-powered Bing to all users, by Samantha Kelly
No end in sight for the writers strike as talks break off and both sides brace for long standoff, by Oliver Darcy
The Wall Street Journal
TikTok Is Launching Ad Product for Publishers and Giving Them 50% Cut, by Alexandra Bruell
Restaurants, Food Companies Pursue Budget-Minded Consumers as Inflation Persists, by Jesse Newman and Heather Haddon
CNBC
Mortgage demand drops as bank failures hit jumbo loan rates, by Diana Olick
Google employees complain about CEO Sundar Pichai’s pay raise as cost cuts hit rest of the company, by Jennifer Elias
Reuters
Etsy tops revenue estimates on demand for personalized products, higher fees, by Granth Vanaik
White House to meet Microsoft, Google CEOs on AI dangers, by Nandita Bose
News about business journalism:
Talking Biz News Today – May 3, 2023
WSJ parent plans streaming radio channel on TuneIn
Top HR exec for Inc/Fast Company stole nearly $500K
Bloomberg is streamlining its global aviation coverage
Smith joins Politico as European central banking editor
Media Movers: Cox Automotive’s Sean Tucker
USA Today up-and-comer, Messenger continues hiring spree, Cosmo’s new lifestyle editor
How The Economist used TikTok to reach new audiences
Silicon Valley Biz Journal follows 40-year mission
