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Nike will lay off about 740 employees at its world headquarters in Oregon, a letter showed on Friday, as the top sportswear maker looks to rein in costs after warning of a revenue dip in the first half of fiscal 2025. The "second phase of impacts" would begin by June 28 at its headquarters, Michele Adams, Nike's vice president for people solutions, said in a legally mandated notice to state authorities. The company's shares were up marginally in after-hours trading. They have declined nearly 13% this year. Nike had in December announced a cost savings plan for $2 billion over...

Disney's been in a magical world of trouble over the last several years, ever since the company decided to pick a fight with Florida Gov. Ron DeSantis in the culture war and go all-in on diversity, equity, and inclusion as part of its core programming at the expense of its longtime customers, traditional American families. A string of movie failures hit Disney's bottom line in 2023 and 2024, most notably with "The Marvels," which opened as their worst-performing box office film in the Marvel Cinematic Universe. They also experienced flops within Pixar, with their latest, "Elemental," performing terribly at the...

Founder and CEO Mike Grondahl detailed a history of rampant abuse at the company and alleged it misrepresented its financials during a recent interview with controversial right-wing X user Libs of TikTok. This comes after weeks of calls for boycotts of the brand after the company canceled the membership of a Planet Fitness gym goer after speaking out about a biological male in the women's locker room. Planet Fitness's policy allows gym members to use the locker room associated with their gender identity. But this policy has led to a few high-profile cases of women feeling uncomfortable in Planet Fitness...

JPMorgan Chase and institutional investors BlackRock and State Street Global Advisors announced Thursday that they are quitting or, in the case of BlackRock, substantially scaling back involvement in a massive United Nations climate alliance formed to combat global warming through corporate sustainability agreements. In a statement, the New York-based JPMorgan Chase explained that it would exit the so-called Climate Action 100+ investor group because of the expansion of its in-house sustainability team and the establishment of its climate risk framework in recent years. BlackRock and State Street, which both manage trillions of dollars in assets, said the alliance's climate initiatives...

Jan 18 (Reuters) - Los Angeles Times plans to lay off a "significant" number of journalists, the newspaper's guild said on Thursday, adding that they would organize a one-day walk-out on Friday to protest against the planned move. The layoffs could impact at least 100 journalists or about 20% of the newsroom in a move to address the paper's financial pressures, the Los Angeles Times reported separately, citing people familiar with the matter. "The management needs to come to the bargaining table in good faith and work out a buyout plan with us that would first articulate a clear headcount...

The Disney Grooming Institute had the worst box office year imaginable in 2023. Couldn’t happen to a nicer den of thieves of children’s innocence.

From the Leftists Ruin Everything file: A Christmas tree farm in Northern Virginia felt this was the perfect season to blast an antisemitic message to customers and passers-by. Cox Farms, a popular destination for pumpkin pickers and Christmas tree shoppers in the D.C. area, put "Ceasefire Now" on their roadside welcome sign and accentuated the antisemitic display with a wooden watermelon. Advertisement The addition of the watermelon wasn't some folksy, farm-y touch, it was an obvious wink and a nod to the "from the river to the sea" crowd, who use the watermelon emoji to show their solidarity with Hamas....

Proving that, at least in some corners of the world, actions still have consequences, another big-name law firm has announced that it revoked job offers provided to law students after they signed on to pro-Hamas statements in the wake of barbaric attacks that saw more than one thousand Israelis slaughtered by the Iran-backed terrorists. The U.S.-based international law firm of Davis Polk & Wardwell — described by The Daily Beast as "revered" — said on Tuesday that it had revoked its employment offers to three law students from Harvard and Columbia citing the students' "contravention of our firm's value system"...

Retirees have lost their appetite for Cracker Barrel and Olive Garden since the pandemic — and it’s not clear when they’ll come back, according to the chains’ top brass. No amount of biscuits and gravy or unlimited pasta refills seems to be enough to entice the 65-and-older crowd as they continue to pinch pennies amid high inflation and duck the coronavirus, according to Rick Cardenas, chief executive of Darden Restaurants, which owns Olive Garden. “I do believe that they were a little bit more spooked on the COVID side,” Cardenas told analysts on a Thursday conference call. “We’d love to...

Billy Busch, the heir of Anheuser-Busch, said in an interview that his ancestors would be “rolling over in their graves” over the company’s partnership with “transgender” influencer Dylan Mulvaney. Busch made the remarks in an interview with TMZ host Harvey Levin on Friday. According to Fox2Now, Busch has been on a publicity tour for his new book, Family Reigns: The Extraordinary Rise and Epic Fall of an American Dynasty. During the conversation, Levin asked Busch for his thoughts on Bud Light’s controversy with “transgender” influencer Mulvaney. “I think my family, my ancestors, would be rolling over in their graves. They...

An avowed nerd, I first read about Raiders of the Lost Ark through the official Star Wars Fan Club newsletter, Bantha Tracks. That’s how I learned about a sneak preview showing — remember those? — a few days or maybe a week before the movie’s official release on June 12, 1981. Bantha Tracks gushed that the new movie — starring Harrison Ford, directed by Steven Spielberg, and co-written by George Lucas — was a thrill-a-minute throwback to serial flicks from the 1930s. I convinced my best friend Kevin to come with me, despite neither one of 12-year-old selves having much...

OAKLAND -- Domingo Germán tossed Major League Baseball's first perfect game since 2012 in the Yankees' 11-0 win over the A's on Wednesday night at the Coliseum. It was the fourth perfect game in franchise history, and the first since David Cone against the Expos in 1999. After allowing 17 runs (15 earned) over 5 1/3 innings in his previous two starts, Germán entered Wednesday with the potential to make the wrong kind of history by becoming just the fifth pitcher in franchise history to allow seven-plus runs in three straight games. Instead, Germán snapped a streak of another kind...

The latest brand to face calls for a boycott after announcing their new "inclusive artists project." Consumer power has been demonstrated in many forms recently as the likes of Bud Light and Target have faced customer boycotts, seemingly resulting in massive losses of earnings. Bounty is facing the ire of many social media users after its "decision to exclude white artists" from a new art campaign. Newsweek contacted Bounty representatives and they replied that over the years, the brand has partnered with artists representing a variety of backgrounds. Earlier this year, Bounty launched a new campaign, Bounty Prints, to "use...

More than 3,500 Starbucks workers across the country have shut down 150 stores over stalled contract negotiations and the alleged removing of Pride Month décor. In Los Angeles, a group of unionized workers protested outside their Cypress Park store while wearing rainbow clothing and holding signs. 'Starbucks has taken down Pride flags in most stores and I feel a bit lied to as a place that wants you to express yourself and it encourages inclusivity,' said one employee. The employee, who identified herself as a member of the LGBTQ+ community, said she sees the removal of the décor as a...

It’s been 125 years since the Dodgers had such a bad shutout loss at home.

This month, though, Marvel officially declared the Punisher persona non grata, eliminating the character as readers know him. Did he go out in a blaze of glory? No, in typical woke fashion Frank Castle is captured by progressive heroes, chained up and forced to go through a struggle session in which he is admonished as a murderer and a terrorist. Marvel even brings the Punisher’s wife back from the dead, only so that she can divorce him and take his money and property, and then inform him that his lifelong crusade against the criminal underworld was all for nothing. The...

It’s the movie they really don’t want you to see: #WhatIsAWoman?Watch the explosive documentary starring @MattWalshBlog FREE on Twitter for 24 hrs. pic.twitter.com/qDi7thCNid— Daily Wire (@realDailyWire) June 2, 2023

The ongoing controversy over Twitter’s censorship of The Daily Wire for alleged “misgendering” escalated on Thursday evening with the social media giant’s Head of Trust and Safety, Ella Irwin, resigning in the wake. That’s most likely because she and her department are the ones who made the decision to label tweets by Matt Walsh as violating Twitter’s “hateful conduct” policies. The result was a warning label being placed on the posts along with sharing disabled. Those moves came after Jeremy Boreing, CEO of The Daily Wire, revealed Thursday morning that Twitter backed out of a deal to show What Is...

Whoopi Goldberg told her co-hosts Tuesday on ABC’s “The View” that women were “watching” Gov. Ron DeSantis (R-FL) because of his anti-woke agenda. On Fox News, DeSantis said, “Because everyone knows if I’m the nominee, I will beat Biden, serve two terms, and I will be able to destroy leftism in this country and leave woke ideology on the dustbin of history.” Co-host Joy Behar said, “Yale University will take anybody these days? He went to Yale. He will destroy leftism. Really? That’s a lot of people in the country. And he will get rid of wokism? You know what,...

Democratic California Gov. Gavin Newsom accused Target of participating in a "systematic attack" on LGBTQ communities across the country after the retail chain rolled back the sale of some "Pride" products this week. In a Wednesday tweet, Newsom declared that Target CEO Brian Cornell was "selling out the LGBTQ+ community to extremists." Target confirmed on Tuesday that it had moved its "Pride Collection" stations further back into the store at some locations, in addition to removing some products designed by a Satanist fashion group. "This isn't just a couple stores in the South," Newsom declared. "There is a systematic attack...