August 11, 2022

News of the Trade

Latest trading, investing, and financial news

Talking Biz News Today – Aug. 5, 2022 – Talking Biz News

Some of Friday’s top business news stories:

The Associated Press

Democrats say they’ve reached agreement on economic package, by Alan Fram

Applications for US jobless claims up again last week, by Matt Ott

CNN

Mortgage rates drop below 5% for first time since April, by Anna Bahney

Alibaba shares pop as revenue beats expectations, by Michelle Toh

The Wall Street Journal

DoorDash Revenue Climbs as Restaurants Raise Prices, Consumers Continue Spending, by Preetika Rana

Elon Musk Alleges Twitter Fraud in Countersuit Filed in Delaware, by Cara Lombardo, Erin Mulvaney and Sarah Needleman

CNBC

Warner Bros. Discovery CEO David Zaslav embraces the past as he plans his company’s future, by Alex Sherman

International airlines launch battle plans to deal with summer of travel chaos, by Hannah Ward-Glenton

Reuters

Exclusive: Italy, Intel close to $5 billion deal for chip factory, by Giuseppe Fonte and Giulio Piovaccari

News about business journalism

South Florida Biz Journal promotes Bandell to real estate editor

CQ Roll Call taps Clevenger as defense and national security editor

Reuters parent reports better-than-expected earnings

Lerner swaps the Intercept for ProPublica

Law360 reporter Pagan departs for law school

McGraw Center seeks applicants for fall fellowships

Nearly 300 Reuters journalists walking off the job