Some of Thursday’s top business news stories:
The Associated Press
Rising interest rates in US will hinder foreign economies, by Paul Wiseman
CNN
Airbnb to crack down on parties during summer holidays, by Sara Ashley O’Brien
Fed issues biggest rate hike in 22 years, by Anneken Tappe
The Wall Street Journal
Facebook Parent Meta Hits the Brakes on Hiring as Growth Stalls, by Salvador Rodriguez
Digital-Advertising Giants Are Coming Back to Earth After Pandemic Boom, by Suzanne Vranica
CNBC
World’s second-largest hydropower plant set for 14-year upgrade after deal with GE, by Anmar Frangoul
Ford reports smaller sales decline in April while chip shortage weighs on supply, by Michael Wayland
Reuters
U.S. summer travelers can expect long lines, higher prices as COVID restrictions ease, by Doyinsola Oladipo
Asian equities see large outflows for fourth straight month, by Gaurav Dogra
News about business journalism:
Birmingham Biz Journal taps Pike as data reporter
Front Office Sports hires Granatstein as chief content officer
Triad Biz Journal hires Wilson as special sections editor
Reuters news operation sees increase in revenue, profit
InvestmentNews names Curcio its editor, hires new staff
NY Times hires Lee to be Western economics correspondent
Law360 hires Pasquali to cover real estate
Knight-Bagehot fellows chosen for 22-23
Quartz sold for less than $10 million
Bloomberg’s Kotoky moves to Singapore to cover transportation
Hoon joins Bloomberg Live as senior editor
