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, […]
Ex-New York Times journalist reports being ‘disgusted’ by newsroom cancel culture, says the paper allowed it
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Tyronn Lue becomes one of NBA’s highest-paid coaches after signing 5-year extension with Clippers: reports
Tyronn Lue recently completed his fourth season as head coach of the Los Angeles Clippers. The Clippers finished the 2023-24 regular season with 51 wins, the most under Lue’s tenure, but the team lost in the first round of the playoffs for the second consecutive year. However, Lue still appears to be highly respected within […]
‘Frustrated’ McDonald’s exec rips viral reports of $18 Big Mac as painting inaccurate picture of fast food titan
McDonald’s U.S. chief executive officer said reports about soaring Big Mac prices paint an inaccurate picture of the company, which has seen profits rise by about a third since 2019 and is preparing to introduce $5 combo menu items. “It frustrates and concerns me and many of our franchisees when we hear about the sale […]
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 […]
Iran grows its supply of enriched uranium, watchdog reports
Iran has increased its supplies of enriched uranium in recent months, according to the latest confidential quarterly report from the International Atomic Energy Agency (IAEA), a U.N. watchdog group. The latest report was obtained by the news agency on Monday. Including Associated Press and Reuters Since the last report in February, it has become clear […]
Mike Tyson suffers medical scare on flight ahead of fight with Jake Paul: reports
Boxing legend Mike Tyson suffered a health crisis on Sunday after experiencing nausea, dizziness and other symptoms on a flight from Miami to Los Angeles, his representative told the New York Post. But his team say he is “doing well” after the incident shortly before landing. “30 minutes before landing, his ulcer worsened, causing him […]
Egyptians, IDF exchange gunfire at Rafah border crossing: reports
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