Some of Thursday’s top business news stories:

The Associated Press

Powell’s stark message: Inflation fight may cause recession, by Christopher Rugaber

UK businesses laud energy relief, but costs still a struggle, by Kelvin Chan

CNN

Home sales dropped 20% in August from a year ago, by Anna Bahney

The historic streak of falling US gas prices is over, by Matt Egan and Chris Isidore

The Wall Street Journal

Walmart Slows Holiday Hiring With Plan to Add 40,000 Seasonal Workers, by Sarah Nassauer

Meta Quietly Reduces Staff in Cost-Cutting Push, by Jeff Horwitz, Salvador Rodriguez and Miles Kruppa

CNBC

GM to close reservations for electric Hummer pickup, SUV after topping 90,000, by Michael Wayland

FedEx’s bleak warning could reflect global economy − and company’s own shortcomings, by Lillian Rizzo and Jack Stebbins

Reuters

Britain’s M&S raises staff pay for second time in 2022

Amazon Mexico cloud unit to open ‘local zone’ in early 2023, by Valentine Hilaire

News about business journalism:

ACBJ’s Hunt to leave by the end of the year

Media editor Phung departing CNN

Bloomberg hires Meddings as UK business reporter

The role Forbes reporters played in uncovering Trump’s financial maneuvers

SABEW names 25 to data immersion workship

Pedersen leaving American Banker for a new opportunity

Insider wins SPJ’s Sunshine Award for investigating congressional stock trading

McCann appointed editor in chief of Saga Tech

San Antonio Biz Journal editor Boykin departs

Politico names Heuser its global tech editor

CNN Business appoints Goldman executive editor