Some of Thursday’s top business news stories:
Associated Press
Shares of Facebook parent Meta plunge 23% on lower profits, by Barbara Ortutay
CNN president resigns after relationship with co-worker, by David Bauder
CNN
PayPal warns that consumer spending is about to fall sharply, by Paul R. La Monica
The restaurant business will probably never recover from Covid, by Vanessa Yurkevich
The Wall Street Journal
Consumers Are Pivoting Spending to Services Like Dining and Travel, by Harriet Torry
Qualcomm Posts Strong Earnings, as Demand for Chips Stays High, by Meghan Bobrowsky
CNBC
Biden administration urges against U.S. Postal Service plan to spend billions on gas vehicles, by Emma Newburger
Waste Management CEO touts ‘pretty darned robust’ 2022 outlook and dividend increase, by Kevin Stankiewicz
Reuters
Alphabet eyes $2 trillion value after blowout results, by Akash Sriram, Subrat Patnaik
Publicis bets on further growth in 2022 after digital ad boost
News about business journalism
WSJ social editor Cromwell joins LinkedIn as engagement editor
Fortune taps Marioni to lead European news operation
Reuters names Savage as Africa senior markets correspondent
ACBJ launches Los Angeles Inno
FT names Williams Northern England correspondent
Politico health care editor Bettelheim leaves
Energy Monitor hires Gordon as correspondent
Thomson Reuters Foundation appoints Malone deputy editor-in-chief
BBC News biz reporter Corker departs for ITV News
Forbes promotes Voytko to senior entertainment reporter
Points Guy credit cards editor Ruiz departs
St. Louis Post-Dispatch biz columnist Nicklaus retires
Levine departs Politico for Forbes
USA Today hires Buchwald to cover personal finance and markets
