Some of Monday’s top business news stories:
Associated Press
Elon Musk no longer joining Twitter’s board of directors
Once a retail giant, Kmart down to 3 stores after NJ closing, by David Porter
CNN
Bad news for banks: Rates are rising fast, by Paul R. La Monica
From Pakistan to Peru, soaring food and fuel prices are tipping countries over the edge, by Julia Horowitz
The Wall Street Journal
Gas Price Surge Fuels Fights at FedEx, Uber Over Who Will Pay, by Paul Ziobro and Preetika Rana
JetBlue, Alaska Trim Schedules as Airlines Attempt Smoother Summer, by Alison Sider
CNBC
Denver over Dubai: U.S. airports dominate rankings of world’s busiest last year, by Leslie Josephs
Oil drops, Brent crude falls below $100 as China lockdowns spark demand fears, by Pippa Stevens
Reuters
Fed to raise rates aggressively in coming months, say economists, by Indradip Ghosh and Prerana Bhat
Canada’s Shopify announces 10-for-1 stock split
News about business journalism:
STAT News hires DeAngelis to cover VC and biopharma startups
Insider hires David to cover venture capital
CNBC hires Lombardo for “The Exchange” and “Power Lunch”
Insider hires Chittum to cover crypto
Mullin, Peters to cover media beat for NY Times
Dow Jones’ New York office returning to full capacity, but voluntary
Dallke named national editor for American Inno
Morning Brew reporter Forshee departs
WSJ’s Carpenter: Spend all day learning about everything
Why The Information is covering the creator economy
Business Post taps Taylor as tech and innovation editor
Wired hires Reddick as UK science editor
CNN promotes Toh to reporting and writing role
Fortune promotes Lev-Ram to editor at large
Barron’s hires Bloomberg Opinion tech columnist Kim
