Some of Friday’s top business news stories:
The Associated Press
April jobs report may point to US labor market’s resilience, by Paul Wiseman
Faster IRS offering better picture on looming debt ‘X-date’, by Fatima Hussein
CNN
Paramount shares plunge more than 25% following dismal earnings, by Jordan Valinsky
Apple posts second consecutive quarterly revenue decline, by Catherine Thorbecke and Clare Duffy
The Wall Street Journal
Peloton Leans Into Subscriptions as Brand Revamp Continues, by Sabela Ojea
Shopify to Lay Off 20% of Its Workforce as It Sells Logistics Business to Flexport, by Liz Young and Dana Mattioli
CNBC
Struggling Lordstown Motors expects to end production of its EV pickup ‘in the near future’, by Michael Wayland
J&J’s consumer-health spinoff Kenvue jumps 22% in public market debut, by Annika Kim Constantino
Reuters
Moderna reports surprise profit as it books deferred COVID vaccine sales, by Patrick Wingrove and Leroy Leo
DoorDash rides on delivery demand to raise 2023 core profit forecast, by Granth Vanaik
News about business journalism:
How the FT subscription strategy has been helped by newsletters
Bloomberg names Moran team leader for municipal finance
After dropping paywall, Quartz readership declined
Key NY Times appointment, three Messenger hires, ex-USA Today EIC now at Arizona State
Climate tech reporter Hernbroth departing Axios
Washington Post hires Sommer as media reporter
Potter to cover markets “underbelly” for Bloomberg
Berger named senior producer at Bloomberg TV
