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California clean energy project threatens thousands of Joshua trees: reports

A California-based renewable energy company is reportedly planning to cut down thousands of protected Joshua trees in the Mojave Desert to make way for a solar project that will power about 180,000 homes in coastal areas instead of the affected areas. The Los Angeles Times reported that Avantas plans to build the Alatina solar project […]

Software stocks got pummeled this week after a cluster of troubling earnings reports – CNBC

Shares of cloud software vendor Salesforce plunged about 20% on Thursday, its biggest drop since 2004, after the company reported weaker-than-expected revenue and a disappointing earnings outlook. Chief Executive Marc Benioff said Salesforce grew rapidly during the pandemic as companies rushed to buy products for remote work, after which customers had to integrate and ultimately […]

Kohl’s shares tumble after retailer reports sales slump, lowers forecast

DR Barton, president of Woodshaw Financial Group, analyzes the consumer climate after Walmart’s strong earnings report in Varney & Company. Kohl’s shares plunged as much as 25 percent on Thursday after the retail giant reported an unexpected first-quarter loss and lowered its full-year earnings forecast. The department store chain reported a 5.3% drop in net […]

McDonald’s says price increase reports overstated

Fast food chain McDonald’s has denied the claims about price gouging and called for “the true facts to emerge.” “Recently, there have been social media posts and unsubstantiated reports circulating that McDonald’s has increased prices significantly above the rate of inflation,” said Joe Erlinger, president of McDonald’s USA. Said In an open letter dated Tuesday, […]

Musk could get advisory role if Trump wins White House, WSJ reports

Elon Musk is reportedly in line to take on an advisory role in the White House if former President Donald Trump, the presumptive Republican nominee, wins the general election in November. The Wall Street Journal. The Wall Street Journal reported on Wednesday, citing people familiar with the conversation, that the Tesla CEO and the former […]

Former MLB umpire Angel Hernandez took financial settlement to retire: reports

It’s the end of a tumultuous career for MLB umpire Angel Hernandez, who announced his retirement late Monday night. Hernandez last played on May 9, so it’s easy to understand why he was off the field for nearly three weeks before suddenly retiring. Hernandez and MLB reportedly reached a financial settlement that will allow the […]