Goldman Sachs warns of 25% hit to trading revenue

Goldman Sachs warns of 25% hit to trading revenue

Goldman Sachs plans more workforce reductions as the difficult economic environment weighs on dealmaking and warned trading revenue could fall 25% this quarter, the bank’s president said on Thursday. “The macro backdrop is extraordinarily challenging,” Goldman’s President and Chief Operating Officer John Waldron told investors at a conference, without specifying the scale of the layoffs. The firm is expected … Read more

Costco shoppers are buying more of this

Costco shoppers are buying more of this

It’s a bad sign of the times. Costco executives told investors that recent shopper habits are sending tell-tale signals that a recession is on the way. Particularly, customers are avoiding pricey beef products and instead are buying cheaper meats that include pork and chicken, according to Business Insider. Costco CFO Richard Galanti warned that this … Read more

LEGO becomes latest facing boycott over ‘trans building sets’

LEGO becomes latest facing boycott over 'trans building sets'

Disgruntled conservative shoppers are adding LEGO to their list of brands to boycott after a social media influencer resurfaced a year-old Pride campaign from the toy maker, claiming it was “featuring transgender building sets for kids.” “Children’s toy maker LEGO has released an LGBTQI+ range featuring transgender building sets for kids age 5+,” Oli London said … Read more

Budweiser’s ad touting Harley-Davidson-marked cans mocked online

Budweiser's ad touting Harley-Davidson-marked cans mocked online

Anheuser-Busch is being accused of pandering to conservatives who have boycotted Bud Light by releasing a new Harley-Davidson-themed commercial for sister brand Budweiser. The beer company, which has seen sales of Bud Light tank in recent weeks following the backlash over its partnership with transgender social media influencer Dylan Mulvaney, recently released a Budweiser ad … Read more

Dollar General workers demand safer working conditions as violence at stores surges

Dollar General workers demand safer working conditions as violence at stores surges

Almost 50 people have reportedly been killed at Dollar General stores nationwide since 2014 — and fed-up employees protested outside the company’s headquarters Wednesday to demand safer working conditions. Dozens of workers rallied in Goodlettsville, Tennessee, ahead of Dollar General’s shareholder meeting to speak out against the all-too-common violence inside the country’s fastest-growing retailer while … Read more

Target Pride backlash a ‘rainbow capitalism’ problem, Erik Carnell says

Target Pride backlash a 'rainbow capitalism' problem, Erik Carnell says

Target’s decision to remove some LGBTQ-themed merchandise after customer backlash in its stores highlights the problem with companies’ “rainbow capitalism,” said Erik Carnell, a transgender designer whose products were pulled from its stores. Target has sold LGBTQ-related goods tied to Pride month for years. But last week the big-box chain removed Carnell’s products, citing an increase in confrontations between customers and employees and … Read more