Disney plans to lay off up to 1,000 employees in the coming weeks. This will be the first job cut since Josh D’Amaro became CEO in March. The layoffs will mainly impact the marketing department.
Key Facts
Disney aims to reduce its workforce by up to 1,000 employees.
Josh D’Amaro became Disney's CEO in March.
The layoffs will mostly affect the marketing department.
Disney employs about 231,000 people worldwide.
In 2025, Disney reported an annual revenue of $94.4 billion.
Previous large-scale layoffs occurred in 2023, impacting 7,000 positions.
The layoffs are part of a restructuring plan started before D’Amaro's tenure.
Disney is focusing on consolidating its marketing efforts under Project Imagine.
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JPMorgan Chase has made a deal with a startup called Graphyte to remove carbon dioxide from the air with the added benefit of reducing wildfire risks. This agreement involves removing 60,000 tons of carbon over ten years through processes in Arkansas and Arizona. While carbon removal is key to fighting climate change, the industry faces challenges like policy changes under President Trump.
Key Facts
JPMorgan Chase partnered with Graphyte for carbon removal, which could also help prevent wildfires.
Graphyte will provide 60,000 tons of carbon removal credits over ten years.
The project involves existing work in Arkansas and a new facility planned in Arizona.
Carbon removal is seen as essential for climate goals but faces challenges without federal policy support.
Graphyte’s method involves storing compressed agricultural and forestry waste underground to prevent carbon re-entry into the atmosphere.
The Arizona facility will use forest thinning material to help prevent wildfires.
The carbon removal agreement is the largest known deal for Graphyte.
Despite the industry's hurdles, JPMorgan continues investing in carbon credits even as federal support declines.
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The author known as Freida McFadden has revealed her real identity as Sara Cohen, a physician. Cohen, who wrote the bestselling book "The Housemaid," decided to go public after over 20 years of anonymity coinciding with changes in her professional life. The book's success led to a successful film adaptation and a growing thriller franchise.
Key Facts
Freida McFadden is actually Sara Cohen, a 45-year-old doctor.
Cohen specializes in traumatic brain injury and wrote novels under a pen name.
"The Housemaid" became a bestselling book and a hit movie.
Cohen's identity reveal follows her decision to work less frequently in medicine.
The book spent 83 weeks on Amazon’s best-seller list and 60 weeks on The New York Times best-seller list.
Cohen used a wig and glasses to maintain privacy while writing under a pseudonym.
A sequel to "The Housemaid" has been announced, with plans for more installments in the series.
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Oil prices went up as traders watched a temporary ceasefire between the U.S. and Iran. The ceasefire is under stress after Israel conducted strikes in Lebanon, and Iran issued warnings in response. Despite the ceasefire announcement, oil prices increased, and shipping through the Strait of Hormuz faced threats due to tensions.
Key Facts
Oil prices rose in Asian trading on Thursday.
There is a temporary two-week U.S.-Iran ceasefire in place.
Israel's strikes in Lebanon challenged the ceasefire.
Iran warned it might respond if the attacks continue.
Oil prices dropped initially when the ceasefire was announced.
The Strait of Hormuz, a major shipping route, faced threats of attack by Iran.
Brent crude oil went up 3.3% to $97.90.
West Texas Intermediate oil increased by 3.2% to $97.55.
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A coffee shop in Chicago, Sakrid Coffee, is facing criticism after videos on TikTok highlighted high prices for its drinks, with some drinks reportedly costing as much as $16. The cafe has acknowledged pricing and billing issues and is working to improve clarity and operations. This comes amid rising coffee prices due to global factors affecting coffee harvests.
Key Facts
Sakrid Coffee in Chicago is criticized for high drink prices, notably a $16 iced vanilla latte.
Customers report being double-charged and later refunded.
The cafe admitted to inconsistencies in pricing and is addressing the problems.
Rising coffee costs globally, due to weather affecting harvests, contribute to price increases.
The U.S. saw record high ground roast coffee prices in July at $8.41 per pound.
Online reactions were critical, with many questioning the justification for high prices.
Sakrid Coffee is working to clarify menu pricing and improve customer communication.
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Traci Quinn, a former nurse, started a successful all-female construction company, Pink Hats, in Chicago after serving a prison sentence. She faced challenges, including sexism and racism, but overcame them by gaining construction skills and business knowledge.
Key Facts
Traci Quinn was previously a nurse and served three years in prison for transporting cannabis.
After her release, she started Pink Hats, a construction firm based in Chicago.
The company began during the COVID-19 pandemic in 2020.
Traci initially used sub-contractors but faced issues with their work quality.
The construction industry in the U.S. has a low percentage of women, around 11%, and even fewer are Black women, less than 7%.
Traci faced sexism and racism in the male-dominated construction industry.
To improve her skills, she took construction classes and joined mentorship programs.
Pink Hats grew from earning $125,000 in its first year to over $1 million.
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The conflict in Iran has increased costs for UK farmers, especially in fuel and fertiliser, leading to higher food prices. Even with a ceasefire, the costs are already impacting the farming sector. Farmers face difficulty in absorbing these costs and must pass them on to consumers.
Key Facts
War in Iran has led to increased costs for UK farmers, affecting prices of fuel and fertiliser.
Fertiliser costs have increased by 40%, and red diesel costs have doubled.
The Strait of Hormuz, a key passage for global fertiliser, has been blocked, contributing to price rises.
Inflation of farm costs in March is over 7% higher compared to last year.
The Food and Drink Federation expects UK food inflation to reach at least 9% before the year ends.
Farmers report they cannot absorb these costs, likely leading to higher food prices for consumers.
Previous increases in farming costs occurred due to the Ukraine-Russia conflict.
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The Federal Aviation Administration (FAA) plans to fine American Airlines $255,000. The airline allegedly let flight attendants who failed drug and alcohol tests return to work without proper checks.
Key Facts
The FAA is proposing a $255,000 fine against American Airlines.
The airline is accused of violating federal drug and alcohol rules.
Between May 2019 and December 2023, 12 flight attendants returned to work after failing drug tests.
The substances involved included alcohol, amphetamines, cocaine, marijuana, and methamphetamine.
These flight attendants resumed safety-related duties without completing required follow-up tests.
American Airlines has 30 days to respond to the FAA’s enforcement letter.
Newsweek contacted American Airlines for comments regarding the issue.
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Airfare prices are increasing due to high jet fuel costs caused by a conflict involving the U.S. and Iran. These costs, along with higher baggage fees and fewer available flights, are expected to continue for several months, affecting travelers financially.
Key Facts
Airline ticket prices are rising and may stay high for 6 to 9 months.
The conflict between the U.S. and Iran has increased jet fuel prices.
Fuel costs have nearly doubled compared to before the conflict.
Airlines have raised checked-bag fees, adding to travel costs.
United, Delta, and JetBlue have increased their base fares.
Major airlines are reducing flight schedules to manage costs.
Historically, once airlines raise fees, they tend not to lower them again.
Fewer flights mean less seat availability, making travel more expensive.
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A former adviser on California's high-speed rail project warned that the project has stalled and faces significant financial and practical issues. He stated that the state might not complete the planned section between Merced and Bakersfield by 2032 with current funding. The project's cost has increased, raising questions about its completion.
Key Facts
Lou Thompson, a former adviser, said California's high-speed rail project has hit a "dead end."
Thompson sent a letter to the state Legislature expressing concerns about the project's viability.
The rail project aims to connect San Francisco and Los Angeles but now faces high costs and delays.
Funding is insufficient to finish the planned 171-mile section between Merced and Bakersfield by 2032.
Thompson doubts a new plan that supposedly would cut costs, saying it relies on unclear changes.
CBS News highlighted the project's delays and cost overruns in a recent report.
Governor Gavin Newsom supports the project, saying it brings long-term benefits like cleaner transport and job creation.
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Coca-Cola announced a yearlong program for America's 250th anniversary, set to run until 2026, through its partnership with the America250 Commission. This includes limited-edition collectible cans, community engagement projects, and various themed campaigns around the country.
Key Facts
Coca-Cola has partnered with America250 for the 250th U.S. anniversary.
The company will release collectible cans for each U.S. state, Washington, D.C., and Puerto Rico.
These collectibles have digital elements for interactive experiences and prizes.
Coca-Cola aims to generate 250,000 volunteer hours focused on community projects.
A public art initiative, Paint the Nation, will create murals with local artists.
The campaign includes various events, like sporting tournaments and music festivals.
Coca-Cola brands like BodyArmor and vitaminwater will also have special packaging for the anniversary.
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A two-week ceasefire has caused a temporary drop in global crude oil prices but is unlikely to quickly reduce UK fuel and food costs. Shipment disruptions in a major world shipping route have caused damage to oil and fertiliser supplies, which will take months to normalize even if peace holds. Analysts predict fuel prices to stay high until supply chains and production recover.
Key Facts
A two-week ceasefire led to a global drop in crude oil prices, but immediate consumer price reductions in the UK are unlikely.
Blocked shipping routes affected the transit of oil and fertiliser, impacting supplies and prices.
Analysts expect fuel prices to remain high and hope pump prices will stabilize rather than decrease soon.
Jet fuel prices are about double what they were before the conflict, affecting airline ticket costs.
With damaged facilities, restoring oil supply and refining processes could take weeks or more.
Fertiliser prices have increased, affecting food transportation and farm operations in the UK.
UK food inflation is expected to reach at least 9% by the end of the year due to ongoing disruptions.
Recovery of supply chains in the Gulf region is anticipated to take several months to a year.
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This article reviews the best carry-on luggage available in the UK by testing them on an assault course. It explains why taking a cabin bag can reduce carbon emissions and airline fees, and highlights different types of cabin bags suited for various budgets and needs.
Key Facts
Flying causes 2.5% of global carbon emissions, which may double or triple by 2050.
Using cabin bags instead of hold luggage can reduce the weight carried on planes and lower fuel use.
Cabin bags fit in overhead bins on planes and overhead racks on trains, making them convenient for travel.
The article tested seven cabin bags on an assault course to check their durability and ease of use under tough conditions.
Different cabin bags offer features like hard shells, soft materials, extendable handles, wheels, and even built-in power banks.
Recommended cabin bags include the July Carry On (£245), Tripp Holiday 8 (£45), Carl Friedrik the Carry-on X (£495), and Away the Carry On Flex (£265).
The luggage was tested by dragging it over obstacles and mud to simulate real travel challenges.
Leftover luggage from testing was donated to a youth support centre at West Leeds Activity Centre.
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A TikTok user posted a video showing that some bags of potatoes at Walmart weighed less than the advertised five pounds. The video sparked anger and accusations of fraud from viewers. Walmart has faced similar legal issues and settled past cases, including false advertising claims.
Key Facts
A TikTok video showed a shopper weighing bags of potatoes at Walmart, and some weighed less than five pounds.
The video received 882,000 views and caused viewer outrage, with people accusing Walmart of fraud.
Comments included suggestions to add more potatoes to bags to make them weigh five pounds.
Some commenters linked the issue to broader consumer exploitation concerns.
Walmart has settled previous legal cases related to false advertising and illegal dumping.
In one settlement, Walmart paid $5.6 million for false advertising claims in California.
Another settlement involved a $7 million payment for illegal dumping accusations.
Customers have also accused Walmart of marking up prices at checkout.
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Starbucks is bringing back the Unicorn Frappuccino, but it is only available at the Coachella 2026 music festival. Starbucks, now an official sponsor of Coachella, will offer this drink and other beverages to festivalgoers across two weekends in April.
Key Facts
Starbucks is reintroducing the Unicorn Frappuccino, first released in 2017.
The drink will be available only at Coachella 2026.
Coachella 2026 takes place over two weekends: April 10-12 and April 17-19.
Starbucks has become an official sponsor of the Coachella festival.
Other drinks available at the Starbucks Coachella venue include cold brews, iced matcha lattes, and strawberry acai refreshers.
The Unicorn Frappuccino went viral again after a video in January, gaining over 2.6 million views.
Starbucks aims to create welcoming spaces for people to enjoy coffee while engaging with music and creativity at Coachella.
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The article discusses what businesses are hoping for before upcoming elections. It highlights their needs and expectations for policies that might impact their operations.
Key Facts
Businesses are thinking about what they need from elected officials in upcoming elections.
Companies often want policies that help them thrive economically.
In elections, businesses focus on factors like tax policies and regulations.
The article references the UK elections set for 2026.
High streets, which include a wide range of shops and businesses, are part of the focus.
Business leaders may have specific requests or concerns they hope will be addressed.
The article mentions the Welsh Parliament election in 2026.
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Panera Bread launched a new menu item called Salad Stuffers, which are salads served inside an Italian Stuffer Roll. This comes as part of Panera's broader changes, which include closing some facilities and altering dough production methods.
Key Facts
Panera Bread introduced a new menu item nationwide called Salad Stuffers.
These consist of salads placed inside a special Italian Stuffer Roll.
Customers can turn any salad into a Stuffer, including popular choices like the Green Goddess Cobb Salad.
There are two new chef-created Salad Stuffers: Steakhouse Salad Stuffer and Santa Fe Salad Stuffer.
Salad Stuffers are available for eat-in, takeout, drive-thru, and delivery.
Panera is changing its business strategy by closing some dough facilities and shifting to a par-baked model from third-party bakeries.
The company is making changes to improve efficiency and profitability.
Panera recently launched a value menu with affordable combination options for budget-conscious customers.
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In March, several U.S. retail stores, mainly discount and pharmacy chains, closed due to financial strategies and shifts in consumer habits. Dollar Tree closed the most stores, but other retailers like Walgreens and CVS also shut locations. Retailers continue to expand in stronger markets despite some closures.
Key Facts
Dollar Tree closed 13 stores in March, mainly in the Northeast.
Walgreens and CVS each closed five stores in March.
Family Dollar, a company owned by Dollar Tree, also closed five locations.
Publix closed three stores during the month.
Despite closures, CVS opened six new stores, and Target opened five.
Retail closures are linked to factors like inflation, changing shopping habits, and lease expirations.
Dollar Tree plans to open 400 new stores by 2026 while trimming underperforming ones.
Store closures can reduce shopping convenience, particularly in low-income or rural areas.
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Willie Walsh, the incoming chief of IndiGo, stated that India's limited number of large, long-distance aircraft is surprising given the country's size and growth potential. He noted the opportunity for Indian airlines to expand internationally and highlighted challenges including new pilot regulations and energy supply issues. IndiGo, India's largest airline, recently experienced significant flight cancellations due to miscalculations in staffing needs.
Key Facts
Willie Walsh will become the chief executive of IndiGo in August.
India has 50 widebody aircraft, which are large planes for long-distance flights.
IndiGo canceled about 4,500 flights in December due to new pilot regulations.
Willie Walsh currently serves as the director general of the International Air Transport Association.
India's aviation market is growing, but it has gaps in long-haul flight capacity.
India is a major importer and refiner of oil, affecting its aviation fuel supply.
Walsh sees a chance for Indian airlines to grow internationally, beyond relying on Gulf hubs.
The recent energy disruptions could prompt India to consider more renewable energy options.
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UK house prices dropped by 0.5% in March as the conflict in Iran led to higher mortgage rates and reduced demand. The rise in energy costs due to the conflict has also increased fears about inflation, impacting the housing market.
Key Facts
UK house prices decreased by 0.5% in March.
The current average house price in the UK is £299,677.
The conflict in Iran has caused energy costs to rise, affecting inflation expectations.
Higher mortgage rates have emerged as a result of the situation in Iran.
Many low-cost mortgage deals have been withdrawn recently.
Last month's withdrawal rate of deals was the highest since a financial event in 2022.
The uncertainty in the housing market is linked to the ongoing conflict and its economic impacts.
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