Some of Wednesday’s top business news stories:
Associated Press
Pentagon cancels disputed JEDI cloud contract with Microsoft, by Robert Burns
US service sector grows, albeit slightly slower in June, by Matt Ott
CNN
Subway is making the biggest menu change in its history, by Danielle Wiener-Bronner
Universal movies will head exclusively to Peacock after playing in theaters, by Frank Pallotta
The Wall Street Journal
From Amazon to Starbucks, What Companies Paid Workers in the Pandemic, by Theo Francis, Inti Pacheco
Supermarkets Are Stockpiling Inventory as Food Costs Rise, by Jaewon Kang
CNBC
Lotus unveils Emira sports car as ‘last hurrah’ before switch to EVs, by Michael Wayland
Home Depot, Lowe’s amp up focus on home pros, as consumers swap DIY projects for parties, travel, by Melissa Repko
Reuters
Corporate net debt seen rising as companies spend pandemic cash piles, by Yoruk Bahceli
Solarwatt flexes muscles in home energy storage fight with Shell, Tesla, by Vera Eckert
News about business journalism
CNBC Select hires Holzhauer as personal finance reporter
Bartalos hired to be EIC of Barron’s Wealth and Asset Management Group
Barnhart, longtime Chicago Trib biz journalist, has died
TechCrunch hires Hall to cover VCs, startups
How to think about business stories in a non-traditional way
Bloomberg names leaders of German news operation
“Bloomberg Wealth” TV show debuts Tuesday
TechCrunch taps Silberling to cover social media and consumer tech
The Information hires LeVine for subscription newsletter The Electric
