Some of Thursday’s top business news stories:
Associated Press
Powell says inflation, though elevated, will likely moderate, by Christopher Rugaber
Biden pitches huge budget, says Dems will ‘get a lot done’, by Alan Fram, Lisa Mascaro
CNN
Space tourism won’t be affordable for the masses any time soon, by Chris Isidore
Ransomware gang that hit meat supplier mysteriously vanishes from the internet, by Brian Fung, Zachary Cohen, Geneva Sands
The Wall Street Journal
Facebook to Pay Content Creators More Than $1 Billion Through 2022, by Sarah E. Needleman
NortonLifeLock in Talks to Buy Avast, by Cara Lombardo, Dana Cimilluca
CNBC
Oatly accused of overstating revenue and greenwashing by activist short Spruce Point, by Amelia Lucas
Delta reports first profit since 2019 thanks to federal aid, improving revenue as travelers return, by Leslie Josephs
Reuters
Biggest U.S. banks smash profit estimates as economy revives, by Michelle Price
U.S. regulator sues Amazon, demands recall of hazardous products
News about business journalism
Economist taps Avent as trade and international economics editor
Shep Smith’s CNBC show is struggling
Bloomberg among most aggressive in return to office strategies
FT taps Seddon to be Moscow bureau chief
InformationWeek appoints Peters editor-in-chief
Business Post taps Sanz as legal correspondent/senior reporter
Insider hires Snodgrass as junior reporter
Insider hires BuzzFeed’s Haskins to cover AI, surveillance tech
GlobalCapital hires Buttle as corporate debt reporter
