Beer maker Coors Light is moving ahead with sponsoring an upcoming pride event despite the possibility of a potential consumer backlash, insisting that the company will support it for “decades to come.” Beer brand Bud Light faced the ire of consumers after using transgender social influencer Dylan Mulvaney in a promotion campaign. The move triggered…
Coors Light Adamant About Promoting Denver Pride Parade Despite Potential Backlash
New Details Emerge of JPMorgan’s $290 Million Settlement With Epstein Victims
Attorneys representing the victims of convicted sex offender Jeffrey Epstein have filed a notice in a Manhattan court, providing new details in what is a $290 million settlement with JPMorgan Chase to resolve a lawsuit. The notice of settlement (pdf) was filed late Thursday in Manhattan federal court and covers women who were sexually abused…
Musk, Zuckerberg ‘Dead Serious’ About Cage Fight in UFC Octagon: Dana White
Meta owner Mark Zuckerberg and billionaire businessman Elon Musk are “absolutely dead serious” about a cage match in a UFC Octagon, according to UFC President Dana White. White told TMZ Sports in a June 22 interview that he has been communicating with the two social media execs in recent days and both have indicated that they plan to fight…
Similarity Is ‘Surreal’: James Cameron Breaks Silence on Titan Submarine Tragedy
James Cameron, the director of the 1997 blockbuster movie “Titanic,” has drawn parallels between the Titan submarine disaster and the sunken Titanic, calling it “surreal,” and pointing to safety concerns regarding the recent incident. “I’m struck by the similarity of the Titanic disaster itself, where the captain was repeatedly warned about ice ahead of his…
Wall Street Opens Lower as Hawkish Fed Saps Market Mood
Wall Street’s main indexes opened lower on Friday as investor sentiment remained damp due to the hawkish interest-rate outlook by Federal Reserve Chair Jerome Powell in his two-day congressional testimony. The Dow Jones Industrial Average fell 111.05 points, or 0.33 percent, at the open to 33,835.66. The S&P 500 opened lower by 27.72 points, or…
Moderna Seeks FDA Authorization of Updated Covid Vaccine Ahead of Fall
Pharmaceutical and biotechnology company Moderna has submitted an application to the U.S. Food and Drug Administration (FDA) for approval of its updated COVID vaccine ahead of the fall, the company announced on June 22. The company’s latest vaccine—the second update to its original shot—targets the XBB.1.5 subvariant of the virus in line with FDA guidance…
American Tech Sector Continues to Bleed as Layoffs Jump 200 Percent in May
June 23, 2023
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The technology sector in the United States continued to lay off more workers in May, with job cuts nearly tripling from April, according to latest data. In May, the tech sector laid off 19,072 employees, which is an almost 200 percent jump from the 6,469 layoffs announced in April, technology magazine IEEE Spectrum reported, based…
Food and Beverage Sector Faces Highest Risks of Insolvency: Warns CreditWatch
June 23, 2023
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One of Australia’s top commercial credit reporting bureaus warns that the country’s food and beverage sector is set to see more businesses fail in the new financial year as households tighten their budgets and operating expenses stay high amid mounting cost of living pressures. CreditorWatch’s latest business risk index points to grim business conditions, with…
New Bud Light Ad Garners Mixed Reviews After Dylan Mulvaney Controversy
A newly-released Bud Light advert has received mixed reviews online, with some claiming the company is “trying too hard” and others vowing to continue consuming rival beverages after Anheuser-Busch found itself at the center of controversy earlier this year. Bud Light unveiled the new television commercial called “Easy to Summer” on June 22. The 60-second…
Stock Market Today: Asian Shares Sink as Central Banks Crank Interest Rates Still Higher
June 23, 2023
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BANGKOK—Asian shares sank sharply Friday after several central banks around the world cranked interest rates higher in their fight against inflation. Hong Kong and Tokyo shed nearly 2 percent and most other regional markets declined. U.S. futures and oil prices also were lower. Japan reported its inflation rate was higher than expected, adding to expectations…
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