Tag Archives: Backfires

A Panera Bread customer didn’t get the reaction she was likely expecting when she uploaded footage of a “rude” employee to her TikTok account. Mom and TikToker @leikerornot gained over 17.7 million views and nearly 95,000 comments when she posted the video online — but many of those comments were not in her favor. While we’ve seen drive-through interactions go viral before — as with the Starbucks barista who reluctantly revealed to a customer that there was an issue with her makeup… Source link

Large corporations that initially sought to cash in on Juneteenth-themed items ahead of the new federal holiday on are now walking back their commercialization efforts after backlash on social media. On Tuesday, Walmart said it would remove its store-brand ice cream celebrating Juneteenth amid growing condemnation of the retailer trivializing the day for profit. “Juneteenth holiday marks a celebration of freedom and independence,” the company said in a statement. “However, we received feedback… Source link

President Biden’s threat to oil producers that he would force prices down has already backfired. Oil markets were unimpressed by the U.S. administration’s plan to coordinate a strategic petroleum reserve release from major importers in an effort to increase supply. While some observers believe an SPR release could push oil prices down, most analysts have warned that it will only have a temporary effect and could eventually trigger a price spike. OPEC+ members have not even engaged with… Source link

(Bloomberg) — After weeks of profiting from the stock and debt of AMC Entertainment Holdings Inc., hedge fund Mudrick Capital Management ended up with a 5.4% loss after a derivatives bet went haywire. The fund, which specializes in distressed debt, suffered the losses on AMC after day traders pushed the movie theater’s shares up as much as 127% on a single day, derailing call options Mudrick had sold on AMC shares to hedge exposure to the company, according to a person with knowledge of… Source link