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Business

Kohl’s stock has risen nearly 10% following the dismissal of CEO Ashley Buchanan due to unethical conduct

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The company stated that Buchanan’s firing was ‘not connected to the performance of the business,’ which has suffered from reduced sales.

Kohl’s stock performance

Shares of Kohl’s Corporation (NYSE: KSS) increased by almost 10% on Thursday after the board terminated CEO Ashley Buchanan just four months into his tenure. Michael Bender, the board chair, has been appointed as the interim chief executive officer, effective immediately.

Buchanan’s dismissal followed an investigation by the Kohl’s board, which discovered that he breached the company’s code of conduct twice and was involved in undisclosed conflicts of interest due to a personal relationship with a vendor, as reported by The Wall Street Journal.

“Kohl’s stated that Buchanan’s termination is not related to the company’s performance, financial reporting, or operational results and did not involve any other company personnel.”

According to USA Today, the former CEO had a total compensation package exceeding $20 million.

On Thursday, Bender and other executives held a company-wide meeting to communicate the leadership changes and to reassure employees, as reported by the WSJ. Bender now becomes the fourth CEO to lead the struggling retailer in just three years, which continues to experience a downturn in sales.

Along with the leadership announcement on Thursday, Kohl’s also shared preliminary predictions for its first-quarter financial results, estimating that sales would likely decline by approximately 4%. The company will disclose these earnings at the end of this month on May 29 at 9 a.m.

Similar to many retailers, Kohl’s has been facing challenges with falling sales and reduced foot traffic due to consumers cutting back on spending in light of rising living costs and preferring online shopping over in-store visits.

Business

Starbucks reported earnings that fell short of expectations, but the coffee chain claims to be experiencing ‘momentum’ in its turnaround efforts

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The starbucks coffee giant disclosed weaker-than-anticipated earnings on Tuesday, along with another decline in same-store sales; however, it stated that its turnaround plan is beginning to show early positive results.

“Our financial outcomes do not yet reflect our advancements, but we are genuinely gaining momentum with our ‘Back to Starbucks’ initiative,” CEO Brian Niccol mentioned in a video shared on the company’s website. “We’re experimenting and learning quickly, and we’re observing changes in our coffeehouses.”

The company’s stock slipped 2% during after-hours trading.

Here’s the information the company provided compared to Wall Street’s expectations.

Starbucks share: according to a survey of analysts by LSEG

Earnings per share: 41 cents adjusted versus the anticipated 49 cents
Revenue: $8.76 billion compared to the expected $8.82 billion

Starbucks reported a net income of $384.2 million for the fiscal second quarter, or 34 cents per share, a decrease from $772.4 million, or 68 cents per share, a year ago.

When excluding restructuring expenses, the company made 41 cents per share.

Net sales increased by 2% to reach $8.76 billion.

For the fifth consecutive quarter, Starbucks experienced a decline in same-store sales. The company has seen a drop in sales as consumers in both the U.S. and China, its largest markets, look for more affordable coffee alternatives.

Since taking over in September, Niccol has been working to revive the U.S. business by focusing on getting “back to Starbucks” and enhancing the coffee and customer experience. In October, the company withdrew its forecast for fiscal 2025 as it revealed the initial phases of its turnaround plan.

The global same-store sales dipped 1% in the second quarter, driven by a 2% decrease in transactions. The decline in traffic was even more pronounced in Starbucks’ primary market.

In the U.S., transactions fell by 4%, which contributed to a 2% drop in same-store sales. In China, same-store sales remained unchanged for the quarter, as a lower average transaction value offset growth in the number of transactions.

Business

Newark Liberty International Airport experienced delays on Monday afternoon due to equipment problems

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Delays occurred at Newark Airport on Monday afternoon because of equipment malfunctions.

The Federal Aviation Administration indicated that arrival flights faced delays of 30 minutes, while departures were delayed by two hours.

Footage shows multiple planes waiting on the tarmac for takeoff.

Newark Airport Delays

Travelers are encouraged to verify how these delays could affect their flight schedules.

Although the technical issues have been resolved, some delays remained, with FAA officials attributing ongoing problems to staffing shortages in Philadelphia.

“The FAA is coordinating slower arrivals and departures at Newark Liberty International Airport following telecommunications and equipment problems at the Philadelphia TRACON, which manages aircraft movements to and from EWR. Both issues have been fixed, but staffing challenges at Philadelphia TRACON are still a concern,” the FAA stated.

Entertainment

Madison Beer has shared that the individual responsible for leaking her childhood nude photos has expressed regret

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The singer and songwriter Madison Beer is embracing a new chapter in her life. In a revealing interview for Cosmopolitan’s cover story, she discussed a range of topics from her early music career to her current relationship with Justin and Hailey Bieber. She also addressed the incident in which explicit images of her were leaked during her rise to fame as a teenager.

To bring you up to date: Madison sent self-destructing Snapchats to a boy she was dating at the age of 15. These private images and videos were subsequently leaked and circulated on platforms like Twitter and Tumblr. At that time, the Grammy nominee faced online harassment and slut-shaming, which she described to Cosmo as triggering a “depression spiral.”

Madison Beer revealed her story

“Of everything I experienced during my abrupt rise to fame, having my private nude images leaked at 15 was one of the most distressing,” Madison wrote in her memoir, The Half of It, according to an excerpt from Rolling Stone. “It continues to linger with me nearly ten years later. Each time I believe I’ve fully healed, another consequence surfaces, much like peeling layers from an onion, revealing just how deeply the trauma has impacted every area of my life.”

Madison also revealed that the individual who disseminated the NSFW material has since offered an apology.

“The boy involved in the nude incident reached out to me and expressed, ‘I had no idea that I caused you this much pain. I’m so sorry,’” the “Spinnin’” singer told Cosmo. She further showed compassion towards the person who leaked the images, saying, “I can’t truly understand what it’s like to be a 14-year-old boy receiving pictures from a girl. Maybe it’s naive, but I doubt he intended to be malicious by sharing them with his friends. He was just a kid.”

The 26-year-old also reflected on her experiences with maintaining and losing certain relationships throughout her music career.

“I’ve had to have conversations with people, saying, ‘Hey, you need to apologize for how you treated me when I was younger,’” she expressed. “As for many others from that period of my life, I have completely cut ties with them. I have no interest in reconciling or being on good terms with you.”

Entertainment

Heartstopper: Netflix has announced the cancellation of a much-loved series after three seasons

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Fans are never pleased to learn that their favorite shows are ending. Regrettably, that’s the latest development for one Netflix series(Heartstopper) that only enjoyed a three-season run on the streaming platform. However, there is a positive twist accompanying this disappointing news.

Many viewers anticipated that a fourth season would follow the third, providing answers to the lingering questions built up over time.

Interestingly, though this will not occur, the streaming service has devised a plan to offer fans the resolution they seek.

This decision serves as a small yet significant comfort for the loyal audience that has supported the series since its inception.

Unlike other series that have abruptly concluded without resolution, this time, the streaming giant has recognized the heartfelt response from fans.

Netflix has chosen to honor the show’s legacy with a final farewell that promises to resolve its key plotlines.

Heartstopper Story

“Fan-favorite romance Heartstopper will culminate with an upcoming feature film. The film will feature Connor and Locke (who will also act as executive producers) and is penned by Heartstopper creator, executive producer, and graphic novelist Alice Oseman. Filming for the Heartstopper movie will commence this summer.”

Oseman also shared a statement expressing gratitude for the opportunity to bring the Heartstopper story to a close with a film instead of a fourth season. She expressed, “I am absolutely thrilled that we will get to share the conclusion of the Heartstopper story. I am deeply thankful to everyone who has put in the effort to make this happen, and to the amazing fans of Heartstopper for your understanding and enthusiasm. I am eager to give this story a magical ending.”

While many specifics about the film have yet to be disclosed, it will be based on Alice Oseman’s sixth and final Heartstopper graphic novel, which has not yet been published. Nevertheless, it promises to lay out a satisfying narrative for wrapping up this Netflix series that has kept viewers captivated for three seasons.

Keep an eye on ScreenGeek for any updates concerning the latest popular titles on Netflix, along with news from other streaming platforms. For now, Heartstopper enthusiasts can look forward to more information once filming starts this year.

Business

Alphabet has released its earnings report – here are the details

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Alphabet, which is the parent company of Google and YouTube, disclosed its earnings for the first quarter on Thursday after the market closed.

Here’s how the company performed compared to the projections from analysts surveyed by LSEG:

Revenue: $90.23 billion versus $89.12 billion, as estimated
Earnings per share: $2.81 versus $2.01, as estimated.

Investors are also paying attention to several other figures in the Alphabet report:

  • YouTube advertising revenue: $8.97 billion, according to StreetAccount
  • Google Cloud revenue: $12.27 billion, according to StreetAccount
  • Traffic acquisition costs (TAC): $13.66 billion, according to StreetAccount.
Entertainment

The first teaser for Predator: Badlands has unveiled the movie’s new alien hunter

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After a year filled with speculation and news, we have finally received the first official teaser for the upcoming film Predator: Badlands. This teaser suggests a sequel that will break new ground within the franchise.

Predator Teaser

Predator: Badlands, directed by Dan Trachtenberg of Prey fame, is scheduled to hit theaters in November. Check out the teaser here:

Here’s the official synopsis released by 20th Century Studios and Disney.

“Predator: Badlands takes place in the future on a distant planet, where a young Predator, exiled from his clan, forms an unexpected alliance with Thia and embarks on a perilous quest to find the ultimate opponent.”

If you couldn’t gather from the trailer, Badlands shifts the perspective to one of the franchise’s infamous alien hunters as the main character. The teaser indicates that we will spend significant time with this outcast Predator, who appears to go maskless for much of the film. This allows us to clearly see his alien features and mandibles, showcasing an improvement over one of Prey’s weaknesses—the awkward maskless Predator design—giving us a break from the oversized forehead!

If, after watching that teaser, you’re thinking, “Didn’t we just see a trailer for another new Predator film directed by Dan Trachtenberg earlier this month?” rest assured that you’re not imagining things. We indeed received a trailer for a different Predator project—Killer of Killers—around two weeks ago. This animated feature involves various Predators throughout different eras and is also helmed by Trachtenberg. It is set to be released on Hulu on June 6. Will it share any links or relationships with Badlands? Perhaps!

In any case, Predator: Badlands (the live-action installment) is scheduled to premiere in theaters on November 7.

Business

Tesla falls short on revenue consensus, missing Q1 EPS

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After the market closed on Tuesday, Tesla (TSLA) announced first-quarter adjusted earnings per share (EPS) of $0.27, which was below Wall Street’s consensus estimate of $0.41.

The revenue of $19.34 billion also missed expectations by $2.07 billion and represented a 9.2% decline year over year.

In the initial minutes of after-hours trading, TSLA shares dipped 1% but later saw a slight uptick of less than 1%.

Management attributed the drop in vehicle deliveries for the quarter, which had already been disclosed, to the updates made to the Model Y across all four production facilities. Furthermore, management indicated that a decrease in the average selling price was due to necessary sales incentives.

Tesla Business

Tesla reported delivering 336,681 vehicles in Q1 2025, a decrease from 386,810 a year prior and a significant drop from 495,570 in Q4 2024. Overall, total deliveries fell by 13%, and total production saw a 16% decline.

Total automotive revenue plummeted by 20% year over year to just under $14 billion this quarter. Meanwhile, revenue from energy generation and storage experienced a 67% year-over-year increase to $2.7 billion, while Services & Other brought in $2.6 billion, marking a 15% year-over-year rise.

Ahead of the earnings announcement, Jeff Kilburg, the founder and CEO of KKM Financial, stated on CNBC that the recent fluctuations in TSLA stock were more related to political factors than the company’s operational performance. Kilburg referred to Tesla as the “purest AI play” and downplayed the recent challenges in vehicle deliveries.

Entertainment

Kanye West has disclosed a past incestuous relationship with a male cousin

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In a recent social media posting, Kanye West described a long-term, incestuous bond with an unnamed cousin.

In a post on X, he states that his new track “Cousins” is about how he and a cousin, who is now incarcerated, engaged in sexual exploration during their childhood.

“This song is titled COUSINS, about my cousin who is serving a life sentence for murdering a pregnant woman a few years after I promised him we wouldn’t ‘look at dirty magazines together’ anymore,” the 47-year-old “Runaway” artist reported.

“Maybe in my selfish chaos, I took on the blame for showing him those adult magazines when he was six, which led us to act out what we had observed,” he added.

“My father had Playboy magazines, but the magazines I found tucked away in my mom’s closet were different,” he went on, concluding with, “I’m Ye, and I performed oral sex on my cousin until I turned 14.”

Kanye West Song

The song features a video combining found footage with animation and is included in the post.

“Hanging out with my cousin while reading adult magazines,” the song starts, with the duo observing male-on-male scenes and feeling puzzled by “what that s–t mean” before mimicking everything they had seen.”

Ye continues to rap about his desire to avoid judgment and requests that his cousin refrain from discussing the experience.

A fresh chorus portrays his use of nitrous oxide and Percocet to help him sleep, while also expressing a wish for a woman to remain by his side.

In a previous tweet, Ye mentioned that his upcoming album is “Cuck.”

This alleged revelation contributes to an increasing collection of questionable actions from the rapper.

Entertainment

Elizabeth Hurley has unveiled her new music star boyfriend as they share a kiss in a recent photo

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The 59-year-old actress Elizabeth Hurley has teased that she might be in a relationship with Billy Ray Cyrus.

She posted a picture on social media of the two of them sharing a kiss while wishing their followers a Happy Easter.

The photo caused quite a stir among their fans, who speculated about the nature of their relationship, as reported by The Sun.

Her son, Damian, quickly showed his support with a heart emoji and a celebration face.

Elizabeth Hurley’s new project

Liz and Billy co-starred in a film together in 2022 titled Christmas in Paradise, where they portrayed romantic interests.

Earlier this month, she also shared a video of herself dancing in a bikini with one of Billy’s tracks playing in the background.

One enthusiastic fan remarked, “Could Miley Cyrus end up with Liz as a stepmother? Love it!”

Billy, a country musician, was previously married to Tish, with whom he shares the well-known daughter, Miley, but the couple divorced in 2017.

He later married Australian singer Firerose, but they parted ways after just a year of marriage in 2024.

Elizabeth’s most recent public relationship was with the late cricketer Shane Warne, which concluded in 2015.

Liz rose to prominence as Hugh Grant’s girlfriend during the 90s and welcomed her son, Damian, in 2002 after a brief relationship with US businessman Steve Bing.

She married Indian textile heir Arun Nayar in 2007, but they divorced three years later in 2010.

For more entertainment news, click on this link: Breaking Rumors.