Kohl’s forecasted weaker sales for 2025, with a decrease of 5% to 7%, causing shares to drop 22%. New CEO Ashley Buchanan warned of a lengthy turnaround, aiming to add affordable products and recover lost demand. The retailer reported a profit decline in the last quarter, with a 9.4% sales drop and reduced dividend.
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Judge issues temporary injunction against Trump administration cancellation of humanities grants
A New York district court judge, Colleen McMahon, issued a preliminary injunction halting the mass cancellation of National Endowment for the Humanities grants to Authors Guild members, citing violations of First Amendment rights. The judge criticized the cancellations for targeting projects related to diversity, equity, and inclusion, emphasizing that agency discretion cannot violate constitutional rights. Want More Context? 🔎
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