Home Finance Talking Biz News Today – Nov. 9, 2022

Talking Biz News Today – Nov. 9, 2022

Some of Wednesday’s top business news stories:

The Associated Press

Elon Musk sells $3.95 billion worth of Tesla stock, by Barbara Ortutay

Facebook parent Meta cuts 11,000 jobs, 13% of workforce, by Barbara Ortutay

CNN

Twitter to debut gray ‘official’ check mark to verify government accounts, media and major brands, by Brian Fung

Proposed tie-up sends shockwaves through crypto markets, by Allison Morrow

The Wall Street Journal

Netflix Explores Investing in Sports Leagues, Bidding on Streaming Rights, by Jessica Toonkel and Sarah Krouse

Disney’s Earnings Hurt by Costs at Disney+, by Robbie Whelan

CNBC

Space company Astra lays off 16% of workforce as it faces rocket development delay, quarterly losses, by Michael Sheetz

Weekly mortgage demand flattens, as interest rates climb higher to 7.14%, by Diana Olick

Reuters

Microsoft faces new EU antitrust complaint on cloud computing practices, by Foo Yun Chee

Europe’s retailers strive to keep prices low to win struggling shoppers, by Richa Naidu

News about business journalism:

Former Crain’s Detroit editor returns to Detroit News

Wisconsin paper hires Kloehn to cover business

Minneapolis/St. Paul Biz Journal hires Schubert as a reporter

Dow Jones reports increase in revenue, profits

How Bloomberg’s Basak develops sources

Bloomberg EIC to staff: Be careful using Twitter as a source

Dawn Wotapka’s Media Movers: Fox Business’ Cheryl Casone

Bronner named Israel bureau chief for Bloomberg

NY Times hires Warner as senior editor for DealBook

Bloomberg makes changes to Latin America coverage

Bloomberg hires Newman to cover tech in Tel Aviv

What today’s journalism could learn from Kip Kiplinger

Axios tech reporter McGill joins government agency

Denver Biz Journal hires Romano as money reporter