Business

Federal Reserve holds interest rates steady

This is a developing story about the Federal Reserve’s March interest rate cut decision. Please check back for updates. The Federal Reserve on Wednesday announced it will leave interest rates unchanged, amid a softening labor market and growing uncertainty over the war in Iran.Fed policymakers voted to leave the benchmark federal…

New Disney CEO Josh D’Amaro officially takes the reins from Bob Iger

Josh D’Amaro officially assumed the role of Disney chief executive on Wednesday, taking charge of the company as it confronts a rapidly shifting entertainment landscape shaped by artificial intelligence, changing consumer behavior and pressure across its legacy media businesses. His succession of Bob Iger follows a run leading Disney’s parks,…

Aldi recalls popular snack food over possible rodent hair contamination

Aldi is recalling a frozen food product from store shelves following a Food and Drug Administration (FDA) notice citing potential contamination with rodent hair. The recall involves Simply Nature spinach bites sold at Aldi under the “Simply Nature” label, according to the FDA. The product may be contaminated with rodent…

Dell workforce shrinks by 10% for third consecutive year

Dell’s workforce has fallen by 10% for a third year in a row, according to annual reports filed Monday.  As of Jan. 30, the Texas-based tech giant reported a headcount of 97,000 employees, down roughly 11,000 from its previous year of 108,000. The reductions were primarily driven by cost-cutting measures, including…