Mega retailer Target is pulling some of its merchandise that celebrates Pride month after threats to employees, the company said Tuesday. “Since introducing this year’s collection, we’ve experienced threats impacting our team members’ sense of…
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Business
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A baker and a tattoo artist recently garnered TikTok virality other small business owners could only dream of. The only problem? The exposure wasn’t positive. Kylie Allen, owner of the West Virginia-based bakery Kylie’s Kakes,…
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Business
‘Nobody imagined it would go on this long’: Bud Light sales continue to plummet over Mulvaney backlash
Sales of Bud Light continue to plummet, reflecting ongoing backlash to the brand’s decision to hire transgender influencer Dylan Mulvaney as a spokesperson. According to data cited by the beverage industry trade publication Beer Business…
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PacWest Bancorp, one of the lenders seeking to survive the U.S. regional banking crisis, said on Monday it had agreed to sell a $2.6 billion real estate construction loan portfolio at a discount in a…
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Business
Peloton aims to rebrand as a fitness company for all with a focus on app and tiered subscription pricing
When Peloton unveiled its 2019 holiday commercial depicting a husband who gifted his wife a stationary bike for Christmas, the ad was widely panned as sexist, dystopian and reminiscent of a hostage video. People took umbrage at the commercial’s…
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Netflix’s crackdown on password sharing has come to the U.S. The streaming service said it began alerting members on Tuesday about its new sharing policy, noting that Netflix accounts are only to be shared within…
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Target is recalling five million scented candles because their glass encasings could break, posing a safety hazard. According to a statement on the Consumer Product Safety Commission’s website, the affected Threshold Glass Jar Candles can…
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Chair Jerome Powell indicated Friday that the Federal Reserve will likely forgo an increase in its benchmark interest rate when it meets in June for the first time since it began raising its key rate…
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Hyundai Motor and Kia Corp. agreed to a consumer class-action lawsuit settlement worth $200 million over rampant car thefts of the Korean automakers’ vehicles, lawyers for the owners and the automakers said on Thursday. In February, the…
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Business
Couples 55 and older will be able to contribute more than $10,000 to health savings accounts
Older U.S. couples will be able contribute more than $10,000 annually toward tax-free health savings accounts. Under guidance the IRS announced Tuesday that goes into effect next year, individuals can contribute as much as $4,150…