Some of Friday’s top business news stories:
The Associated Press
Fed Chair Powell: Slower economic growth may be needed to conquer stubbornly high inflation, by Christopher Rugaber
Home sales fell again in September as surging mortgage rates, rising prices discouraged homebuyers, by Alex Veiga
CNN
Costco’s longtime CEO steps down, by Nathaniel Meyersohn
Snapchat isn’t just for teens anymore. Now it needs to make some real money, by Clare Duffy
The Wall Street Journal
Union Pacific Profit Falls on Weaker Freight Demand, by Dean Seal
Come in Three Days or Just Quit: Some Companies Give Remote Workers an Ultimatum, by Alyssa Lukpat and Chip Cutter
CNBC
Netflix stock surges 16% after Wall Street buys into ad-driven subscriber growth, by Drew Richardson
Big banks are quietly cutting thousands of employees, and more layoffs are coming, by Hugh Son
Reuters
Publisher Telegraph, Spectator magazine kick off sale process
Elon Musk’s X to launch premium subscriptions soon, by Supantha Mukherjee and Gursimrankaur Mehar
News about business journalism:
Hardison promoted to ME at Austin Business Journal
Senior news editor Dahl among the LinkedIn layoffs
CNET hires Santana as a personal finance editor
CNBC starting new show “Money Movers” next month
Dow Jones CFO leaving after 15 months
NPR names Rose its transportation reporter
Business Insider hires Notopoulos to cover tech
