Some of Friday’s top business news stories:
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
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
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
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
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
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
Dayna Fields has been hired by Octus, formerly known as Reorg, as a senior private credit…
Bloomberg News has hired Elizabeth Rembert to cover municipal finance. She will start Dec. 16 and be…
Michael Tsang, managing editor of the markets editing hub at Bloomberg News, sent out the…
Avi Asher-Schapiro, a tech correspondent for the Thomson Reuters Foundation in Los Angeles, has been…
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…