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Business

The Advocate brings readers the latest news regarding developments in the LGBT business world. Find out the happenings of gay business leaders that are moving the Invisible Hand in the United States and around the world like Apple's Tim Cook, American Eagle's Robert Hanson, and 3M Unitek's Mary Jo Abler. Learn tips from the pros about managing the business affairs of day-to-day life for the present and future. Prepare for retirement and learn how changing laws regarding same-sex marriage, partnership, and adoption affects financial planning.

Gay weddings have boosted state and local economies by $6 billion since marriage equality

It's not just a legal right — marriage equality is simply good for the economy.

Here are 7 LGBTQ+ groups you can donate to as major companies quit sponsoring Pride events

These local LGBTQ+ groups still need help making their Pride celebrations a reality.

Apple's App Store removes queer cruising app Sniffies

The platform said the removal was temporary.

LGBTQ+ people’s safety has plummeted across social media platforms: report

The 2025 Social Media Safety Index from GLAAD reveals widespread failures by major tech platforms to protect LGBTQ+ users.

Target foot traffic down for 10th consecutive week amid boycott over DEI abandonment

Meanwhile, Costco — which rejected calls to abandon its DEI efforts — marked its sixteenth straight week of increasing foot traffic.

Who is Scott Bessent? Here's the gay billionaire and treasury secretary backing Trump tariffs

Bessent's tenure has been defined by his compliance in dismantling government agencies and his unwillingness to recognize the impact of Trump's tariffs on Americans.

Chicago restaurant parodies Chick-fil-A with 'Chick-Feel-Gay' Pride Month sandwich

Void's "Chick-Feel-Gay" event pledged 20 percent of proceeds to Brave Space Alliance, an LGBTQ+ group that shares a building with Chick-fil-A.

Juneteenth and LGBTQ+ Pride celebrations lose sponsors as companies drop DEI

Several Juneteenth celebrations have been scaled down or cancelled this year due to companies and governments dropping DEI.

These 14 corporations have stopped or scaled back sponsorship of LGBTQ+ Pride events

Here are the companies that have walked back their support for Pride Month while axing DEI, some of them after decades of allyship.

Most Americans support corporate LGBTQ+ Pride efforts despite pull-back by major brands: report

A new GLAAD report challenges the notion that Americans endorse a retreat from LGBTQ+ inclusion in commerce.

Project 2025 vowed to roll back LGBTQ+ rights. Here's everything Trump has done so far

Donald Trump claimed on the campaign trail that he had "nothing to do" with Project 2025 — but now that he's in office, he's implementing it.

JD Vance wants the UK to repeal its LGBTQ+ hate speech laws to secure a trade deal

An anonymous White House advisor said JD Vance is “obsessed by the fall of Western civilization."

Advocates cry foul after YouTube quietly removes ‘gender identity’ from hate speech policy

The change happened after Donald Trump’s inauguration.

San Francisco bookstore drops ‘Harry Potter’ over J.K. Rowling’s anti-trans donations

The Booksmith recently posted a notice letting customers know that they would not be selling the Harry Potter series

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As companies stop sponsoring Pride, this NYC brewery is giving money directly to trans people

"We want to be very clear: our support isn’t conditional, and it’s not new," Brooklyn Brewery President Robin Ottaway tells The Advocate.

BarkBox CEO apologizes for leaked message exposing paused Pride ads — but they're still paused

BarkBox's CEO apologized for a leaked memo stopping paid ads for their Pride Collection, but they're still not advertising it.

D.C. police investigate suspected hate crime at bar for queer & trans people of color during WorldPride

As the city ramps up for the world's biggest LGBTQ+ celebration, somebody broke in and vandalized Saints and Sinners, a QTBIPOC space.

Corporate sponsors like Pepsi, Nissan, Mastercard, and more pull back from NYC Pride

Most blame the economic climate, but others point the finger at the anti-DEI policies and rhetoric of the Trump administration.

Apple fined by Russian court for extremist 'LGBT content'

This is not the first time Apple has run afoul of Russian authorities for refusing to censor content under Putin.

'WWE in the West Wing:' Elon Musk got into a screaming match with Scott Bessent

Witnesses said Bessent criticized Musk's DOGE for failing to make good on its promised cuts, and Musk called Bessent a "Soros agent" who ran "a failed hedge fund."