July 5, 2022

News of the Trade

Latest trading, investing, and financial news

Talking Biz News Today – May 18, 2022 – Talking Biz News

Some of Wednesday’s top business news stories:

The Associated Press

Retail sales rise 0.9% in April as consumers show resilience, by Christopher Rugaber

Global stocks mixed after US retail data offset rate fears, by Joe McDonald

CNN

American oil is usually a cheaper option. Not anymore, by Julia Horowitz

UK inflation hits 40-year high of 9%

The Wall Street Journal

Elon Musk’s Twitter Bot Problem Is Fake News, by Laura Forman

Target Stock Sinks 20% on Earnings Miss, High Costs, by John Stensholt

CNBC

Netflix lays off 150 employees as the streaming service contends with big subscriber losses, by Sarah Whitten

Weekly mortgage demand from homebuyers tumbles 12%, as higher interest rates take their toll, by Diana Olick

Reuters

China relaxes some COVID test rules for U.S., other travellers

World in no better place to fight pandemics than before COVID – review panel, by Jennifer Rigby

News about business journalism:

Politico hires Reader to cover health tech

Chiglinsky named real estate team leader at Bloomberg

Bloomberg’s Reyes to take on Buffett beat

Mascarenhas to cover fintech for TechCrunch

Bloomberg Media ad revenue up 40% in first quarter

WSJ’s Hall becomes SABEW president

Barlett and Steele Awards to offer regional/local and under 30 categories

Thomas appointed executive editor of SC Biz News