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Paramount, Skydance $8 billion deal near: reports

FOX Business’ Charlie Gasparino appears on “The Craman Countdown” to discuss the feud between Paramount CEO Bob Bakish and Skydance over the “messy” merger. Paramount Global is finalizing the details of its $8 billion acquisition by Skydance Media, according to multiple reports. FOX Business’ Charlie Gasparino reports. It was reported last week that Skydance and […]

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, […]