Business Headlines
Disney names Josh D’Amaro CEO, Dana Walden president and chief creative officer
James Gorman, Chairman of The Walt Disney Company Board of Directors stands with newly named CEO of The Walt Disney Company, Josh D'Amaro, newly named President and Chief Creative Officer of The Walt Disney Company Dana Walden and current CEO of The Walt Disney Company, Robert A. Iger. (Disney)(NEW YORK) -- The Walt Disney Company announced on Tuesday that Josh D'Amaro will become the company's next CEO in March, replacing current chief executive Bob Iger when he steps down from the role this year. Dana Walden will become the company's president and chief creative officer.D’Amaro, chair of Disney’s experiences unit, oversees a global network of theme parks and hotel resorts. He also leads the company’s cruise ships and consumer products, ... Read More
Amazon to reduce workforce by 16,000, company says in email to staff
The logo and lettering of global online mail order company Amazon can be seen on the façade of Amazon Germany's headquarters in Parkstadt Schwabing in Munich (Bavaria). Amazon.com, Inc. is a listed US-American, globally active online mail order company. In Germany, the group is one of the US companies with the highest turnover. Photo: Matthias Balk/dpa (Matthias Balk/picture alliance via Getty Images)(NEW YORK) -- Tech giant Amazon said on Wednesday it planned to cut about 16,000 employees as it seeks to "strengthen" its business by reducing "layers" and "bureaucracy" within its workforce."The reductions we are making today will impact approximately 16,000 roles across Amazon, and we're again working hard to support everyone whose role is impacted," Beth Galetti, a senior ... Read More
Federal Reserve holds interest rates steady
Federal Reserve Chair Jerome Powell speaks during a press conference following the Federal Open Markets Committee meeting at the Federal Reserve on December 10, 2025 in Washington, DC. (Chip Somodevilla/Getty Images)(NEW YORK) -- The Federal Reserve held interest rates steady on Wednesday, ending a string of three consecutive quarter-point rate cuts as the central bank grapples with a combination of elevated inflation and sluggish hiring.The move marked the first interest-rate decision since news surfaced earlier this month of a federal criminal investigation into Fed Chair Jerome Powell.The choice to maintain interest rates at their current level echoed a cautious approach outlined by Powell last month, before reports of the investigation into his conduct."We see the current stance of monetary policy as appropriate ... Read More
Gold hits record high as investors seek safety
A display of one kilogram gold bars at Conclude Zrt bullion dealer arranged in Budapest, Hungary, on Thursday, Jan. 22, 2026. Gold closed in on $5,000 an ounce, with geopolitical risks and renewed threats to the Federal Reserve's independence supporting a record-breaking rally. (Photographer: Akos Stiller/Bloomberg via Getty Images)Gold soared to a new record high on Monday, topping $5,000 per ounce for the first time ever as investors rushed toward the safe-haven asset amid geopolitical unrest.The latest uptick continued a blazing-hot stretch for gold. Over the past year, the price has climbed 83%, far outpacing a 14% jump in the S&P 500 during that period. In early trading on Monday, the price of gold stood at $5,077 per ounce.Silver prices also climbed on ... Read More
European officials suspend US trade agreement amid tariff dispute over Greenland
A large vinyl decal displaying the official circular logo of the European Parliament, along with the full blue and yellow starred flag of the European Union, is affixed to the glass curtain wall of the institution's building in Brussels, Belgium, on December 16, 2025. (Michael Nguyen/NurPhoto via Getty Images)(NEW YORK) -- European lawmakers on Wednesday suspended a trade agreement with the United States over tariff threats issued by President Donald Trump as part of his push to acquire Greenland.The announcement came minutes after President Donald Trump reasserted his call for U.S. ownership of Greenland during a speech at the World Economic Forum in Davos, Switzerland.The speech followed tariff threats issued by Trump days earlier against seven European Union countries, plus the U.K., over the ... Read More
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