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☆ Life Time stock plummets as company spends more on premium fitness experience
▼ + stars: | 2023-10-25 | by ( Brandon Gomez | ) www.cnbc.com time to read: +1 min

Life Time Group shares plummeted 15% Wednesday after the company's third-quarter results revealed higher spending to boost the premium member experience. The cost of running its fitness centers, including new and ramping locations, rose 8.2% year over year during the quarter to $319.4 million, the company said. The program changes are an attempt to keep Life Time's affluent customer base satisfied as prices rise across the board and many consumers increasingly value premium offerings. Life Time increased its prices at many of its locations in recent years, though pricing varies by market. "We aren't taking advantage of all the different connections we have and all the different programs we have, so there is essential work being done to systematize all of that."

Persons: Bahram Akradi, —, Akradi Organizations: Time Group, Lifetime

☆ Hispanic inclusion in corporate America lagged in 2022, new survey finds
▼ + stars: | 2023-10-09 | by ( Brandon Gomez | ) www.cnbc.com time to read: +4 min

Hispanic inclusion in corporate America lagged last year, particularly in three key areas — C-suite representation, talent development and supplier procurement — according to the Hispanic Association on Corporate Responsibility's 2023 Corporate Inclusion Index. The corporate advocacy group's annual report, which measures Hispanic inclusion in employment, procurement, governance and philanthropy, was provided exclusively to CNBC ahead of its wider release. While all companies that participated in the survey reported offering internship programs, only 13% of interns in 2022 identified as Hispanic. "One way of combatting issues related to Hispanic inclusion in corporate America is investments in internship programs as a way of attracting new employees," HACR noted in its report. While Hispanic inclusion lagged, HACR noted survey participation was up 12%, offering hope for future improvement.

Persons: Lisette Garcia, Garcia, isn't, HACR Organizations: America, Hispanic Association, Corporate, Bureau of Labor Statistics, CNBC, Fortune, Latinas, Companies, Comcast Locations: America, United States

☆ Latinas lose $1.2 million over their careers as wage gap persists
▼ + stars: | 2023-10-05 | by ( Brandon Gomez | ) www.cnbc.com time to read: +1 min

Latina women working full time, year-round earn 57 cents for every dollar paid to white, non-Hispanic men, according to a data collected by the U.S. Census Bureau and the Bureau of Labor Statistics. That gap in pay translates to a loss of $1,218,000 over a 40-year career. Break that down further and Latinas lose $30,450 in wages per year, or $2,538 every month, compared with the dominant cohort. The gap widens even further to 52 cents for every dollar when part-time and part-year workers are included in the data. "Looking over the course of a career, a Latina woman could never catch up," said Gaylynn Burroughs, NWLC director of workplace equality and senior counsel.

Persons: Gaylynn Burroughs Organizations: U.S . Census, Bureau of Labor Statistics, National Women's Law Locations: Latina

☆ U.S. Latino economic output grows to $3.2 trillion, according to new study
▼ + stars: | 2023-09-27 | by ( Brandon Gomez | ) www.cnbc.com time to read: +1 min

The U.S. Latino economy continues to grow, reaching $3.2 trillion in 2021, up from $2.8 trillion the year prior, according to a new report by the Latino Donor Collaborative in partnership with Wells Fargo. If Latinos were an independent country, their GDP would rank fifth in the world, the study found. "We have a massive economy that's under-invested right now, under-engaged," said Sol Trujillo, Latino Donor Collaborative chairman, in an interview with CNBC's "Squawk Box." That is largely due to the Latino community's strong population share, labor force participation and overall productivity in those states. "I would say if you look at the charts now that we have in our study, 48 out of the 50 states' growth is tied to this [Latino] cohort," Trujillo said.

Persons: Wells, LDC, Sol Trujillo, CNBC's, Trujillo Locations: Wells Fargo, U.S, United Kingdom, India, France, Italy, California , Texas, Florida

☆ Hispanic Americans show modest economic progress as wage gap persists
▼ + stars: | 2023-09-15 | by ( Brandon Gomez | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHispanic Americans show modest economic progress as wage gap persistsWells Fargo out with a new report on the "Economic Progress of Hispanic Americans" looking at employment, household wealth, wages and more. Brandon Gomez digs into the report and what companies have done to help close the wealth gap.

Persons: Wells, Brandon Gomez

☆ JUST Capital: JP Morgan, Slack among companies investing in formerly incarcerated workers
▼ + stars: | 2023-08-30 | by ( Brandon Gomez | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailJUST Capital: JP Morgan, Slack among companies investing in formerly incarcerated workersOnly 5% of companies in the Russell 1000 providing employment opportunities for workers who were formerly incarcerated or maintain a criminal record. Brandon Gomez discusses what companies are doing to become equal opportunity employers, and where there is still room for improvement in a cooling labor market.

Persons: JP Morgan, Slack, Brandon Gomez

☆ Black Business Month: Major retailers drive $14B of revenue to Black-owned brands
▼ + stars: | 2023-08-11 | by ( Brandon Gomez | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBlack Business Month: Major retailers drive $14B of revenue to Black-owned brandsNordstrom, Macy's, Sephora, Gap & Ulta Beauty among the retailers who have taken the '15 Percent Pledge', dedicating 15% of their annual purchasing power and shelf space to Black-owned brands. Brandon Gomez speaks with '15 Percent Pledge' Executive Director LaToya Williams Belfort about the organizations work to close the racial wealth gap and plans to drive $1.4 trillion of wealth generation to Black entrepreneurs by 2030.

Persons: Brandon Gomez, LaToya Williams Belfort Organizations: Nordstrom

☆ Major retailers bring $14 billion in revenue to Black-owned brands
▼ + stars: | 2023-08-11 | by ( Brandon Gomez | ) www.cnbc.com time to read: +2 min

Major retailers and brands have driven $14 billion in revenue to Black-owned businesses since May 2020. The group asks companies to reflect the Black community that makes up 15% of the U.S. population by dedicating 15% of their shelf space to Black-owned brands. Prior to taking the pledge, many of the group's current partners had less than 3% of their shelf space dedicated to Black-owned brands. Now all partners are committed to attaining their 15% pledge over a 10-year contract. Fifteen Percent Pledge has committed to generating $1.4 trillion in wealth for Black entrepreneurs by 2030.

Persons: Nordstrom, LaToya Williams Belfort, Sephora, Aurora James, George Floyd's, James, InStyle Organizations: Federal, CNBC, JUST Capital, Vogue Locations: Brooklyn, Black, U.S

☆ Bud Light boycott weighs on AB InBev U.S. result
▼ + stars: | 2023-08-03 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBud Light boycott weighs on AB InBev U.S. resultBudweiser parent company AB InBev reported strong quarterly results overall, but saw significant decline in revenue and sales of Bud Light after boycotts hit the U.S. market. Brandon Gomez digs into the numbers and what executives said on the earnings call.

Persons: Bud, Bud Light, Brandon Gomez Organizations: InBev U.S, Budweiser, InBev

☆ Twitter is a more dangerous platform for the LGBTQ community now than it was a year ago, GLAAD finds
▼ + stars: | 2023-06-15 | by ( Brandon Gomez | ) www.cnbc.com time to read: +4 min

Twitter is a more dangerous social platform for LGBTQ users now than it was a year ago, according to a new survey from LGBTQ+ rights organization GLAAD. GLAAD found that the platforms continue to fall short at establishing and enforcing safeguards meant to protect LGBTQ users from hate speech. "You can think of community notes as like an error correction on information in the network. And the effect of community notes is actually bigger than it would seem. The debate over a community notes approach is that it leaves the burden on those affected by hate speech to report harmful posts.

Persons: Kara Swisher, Sarah Kate Ellis, Jack Malon, we've, we're, Elon Musk, Musk, CNBC's David Faber Organizations: CNBC, New York, Facebook, YouTube, Twitter, GLAAD, Machine

☆ LGBTQ+ Pride Month kicks off
▼ + stars: | 2023-06-01 | by ( Brandon Gomez | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLGBTQ+ Pride Month kicks offCNBC's Brandon Gomez reports on LGBTQ+ Pride month, which kicks off Thursday.

Persons: CNBC's Brandon Gomez

☆ Most Americans say companies should publicly support LGBTQ+ community, new GLAAD survey finds
▼ + stars: | 2023-06-01 | by ( Brandon Gomez | ) www.cnbc.com time to read: +3 min

A clear majority of Americans who don't identify as LGBTQ+ believe companies should publicly support the community, according to a new survey from gay rights organization GLAAD. In April, Bud Light came under fire after partnering with transgender social media influencer Dylan Mulvaney. The campaign prompted violent videos of customers shooting cans of Bud Light and a right-wing boycott. In response, the marketing executive who oversaw the partnership at Bud Light parent company Anheuser-Busch Inbev took a leave of absence. Sales of Bud Light since then continue to suffer, according to data by Evercore ISI.

Persons: Critics, Bud Light, influencer Dylan Mulvaney, Bud, Anheuser Busch, Sarah Kate Ellis, Ellis Organizations: Target, Mega, Bud Light, Anheuser, Busch Inbev, Evercore ISI, Mulvaney, GLAAD, Pride, Edelman Trust, Twitter, America

☆ Companies investing in diversity and wage equality outperform peers
▼ + stars: | 2023-03-17 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCompanies investing in diversity and wage equality outperform peersBrandon Gomez joins 'Squawk on the Street' to discuss Just Capital.

☆ Bank of America grabs the top spot on the 2023 Just 100 list
▼ + stars: | 2023-01-10 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBank of America grabs the top spot on the 2023 Just 100 listCNBC's Brandon Gomez reports on the 2023 Just 100 rankings, Just Capital's annual analysis ranking of the largest public companies.

☆ Hispanic Americans views on wealth gaps and the economy
▼ + stars: | 2022-10-14 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHispanic Americans views on wealth gaps and the economyCNBC's Brandon Gomez joins 'Squawk on the Street' to discuss data on Hispanic Americans' views towards wealth inequalities, opportunities to improve their financial status, and the work needed to achieve racial equity.

☆ Hispanic Americans prioritize workplace benefits that build long-term, generational wealth
▼ + stars: | 2022-10-14 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHispanic Americans prioritize workplace benefits that build long-term, generational wealthThere is a significant difference in opinion between how Hispanic Americans view the economy, workplace priorities and opportunities for financial advancement versus the total population. Brandon Gomez worked with CNBC partners JUST Capital to dig through their polling data to better understand the workplace and economic issues that matter most to Hispanics Americans.

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