Business

(BURBANK, Calif.) — Disney is set to lay off 7,000 workers, CEO Bob Iger said on the company’s earnings call on Wednesday. The company is targeting a total of $5.5 billion in cost savings, Iger said. In all, $3 billion in cuts will come from content, excluding sports, he added; while $2.5 billion will come from […]

(NEW YORK) — For those facing a mountain of debt, the burden can seem daunting, embarrassing and impossible to tackle. And while many across the country have debt from student loans, credit cards or other sources, the situation can feel overwhelming, especially if you’re facing it alone. Bernadette Joy felt that way in 2016, when […]

(WASHINGTON) — President Joe Biden on Tuesday touted the nation’s economic health in his State of the Union Address, just days after a blockbuster jobs report showed a strong labor market has coincided with a monthslong easing of inflation. Biden also proposed solutions for what he considers an ongoing economic ill: income and wealth inequality. The […]

(NEW YORK) — Many baby formula milk companies allegedly exploit parents’ emotions and “manipulate” scientific data to boost sales, according to a major new analysis published in The Lancet. The analysis, led by Professor Nigel Rollins of the World Health Organization, said urgent clampdowns are needed to address misleading claims made by the industry. It […]

(WASHINGTON) — President Joe Biden on Tuesday is expected to tout the nation’s economic health in his State of the Union Address, just days after a blockbuster jobs report showed a strong labor market has coincided with a monthslong easing of inflation. Looking ahead, however, Biden is expected to propose solutions for what he considers […]

(WASHINGTON) — Federal Reserve Chair Jerome Powell said Tuesday that the central bank’s fight against inflation has “a long way to go,” citing a blockbuster jobs report last week that showed the labor market remains hot despite the Fed’s efforts to cool the economy. “This process is likely to take quite a bit of time,” […]

Joshua Derr/Getty Images (NEW YORK) — The Queen of Salsa and Cuban icon Celia Cruz has been selected to appear on the U.S. quarter. Cruz, who died in 2003, was selected by the United States Mint to be one of the five honorees in the 2024 American Women Quarters Program. The American Women Quarters Program […]

Fuse/Getty Images (NEW YORK) — AMC Theatres announced a new ticket pricing initiative Monday that has customers paying based on where their seat is located. The initiative, called Sightline at AMC, is described by the company in a press release as a way for moviegoers to “now have the option to pay less, or more, […]

(NEW YORK) — A major set of changes to the rules for retirement finances took effect this year, but many people may not have noticed. The rules were buried within a 4,000-page long, $1.7 trillion spending measure signed by President Joe Biden in December. The batch of changes, called Secure Act 2.0, affords people greater […]

(MOUNTAIN VIEW, Calif.) — If you ever needed artificial intelligence’s help to plan a friend’s baby shower, your time has come, as Google officially unveiled an AI program it’s calling Bard, seemingly its answer to the viral ChatGPT. Google CEO Sundar Pichai announced Bard on the company’s blog Monday, calling it “an important next step” in […]