Rising safety concerns over water bead products marketed to kids have prompted major retailers like Amazon, Target and Walmart to pull some toys off their shelves.
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Biz Breakdown: Alaska Air to Buy Hawaiian Air, Spotify Layoffs Again, Stocks Finishing Strong for 2023
Alaska Airlines is buying Hawaiian Airlines, stocks finished at their highest level on Friday and are on the way to concluding 2023 on a positive note as Bitcoin surged. And Spotify is laying off workers, again.
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Spotify cut nearly one-fifth of its workforce, or about 1500 staffers, representing the third round of layoffs this year.
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Fed Chair: Interest Rates to Remain High For Now
Fed Chair Jerome Powell said higher rates are here to stay for now.
