Business Highlights: Twitter-media rift; Recession fears up

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Journalist suspensions widen rift between Twitter and media

Elon Musk’s abrupt suspension of several journalists who cover Twitter widens a growing rift between the social media site and media organizations that have used the platform to build their audiences. Individual reporters with The New York Times, The Washington Post, CNN, Voice of America and other news agencies saw their accounts go dark Thursday. The suspensions continued Friday with the account of a Business Insider columnist who published a series of articles between 2018 and 2021 highlighting what she called dangerous Tesla manufacturing shortcomings. Many advertisers abandoned Twitter over content moderation questions after Musk acquired it in October. Now he risks a rupture with media organizations, which are among the most active on the platform.

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US recession a growing fear as Fed plans to keep rates high

WASHINGTON (AP) — After scaling 40-year highs, inflation in the United States has been slowly easing since summer. Yet the Federal Reserve seems decidedly unimpressed — and unconvinced that its fight against accelerating prices is anywhere near over. On Thursday, stock investors were spooked by the growing understanding of how much further the Fed seems willing to go to defeat high inflation. A statement the Fed issued Wednesday and the message that Chair Jerome Powell sent in a news conference appeared to suggest that the Fed’s policymakers expect — or at least would accept — an economic downturn as the price of taming inflation.

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US puts 3 dozen more Chinese companies on trade blacklist

BANGKOK (AP) — The U.S. Department of Commerce is adding 36 Chinese companies to an export controls blacklist, citing concerns over national security. The addition of the companies to the “entity list”...