Petco Stock Surges After Profit Beat and Strong 2026 Growth Outlook
Petco exceeded its profitability goals in 2025. The company issued upbeat 2026 guidance: sales flat to +1.5% and adjusted EBITDA of $415M–$430M.
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JPMorgan Restricts Private Credit Lending Amid AI Concerns
JPMorgan Chase limits loans to select private credit funds after marking down software company loans, highlighting stress in the $1.8T sector from AI risks, investor withdrawals, and tighter standards.
Microsoft Targets Key Texas AI Hub as Oracle Shelves Expansion Plans
Microsoft in advanced talks to lease hundreds of MW at Abilene's Stargate AI campus after Oracle shelved expansion. Boost for Azure amid Meta interest too.
Trump Set to Invoke Cold War Powers to Restart California Offshore Oil
President Trump prepares to use Cold War-era Defense Production Act to override California regs, restart Sable Offshore's Santa Ynez platforms amid Iran war oil crunch & soaring gas prices.
Fertitta Edges Icahn: Exclusive Talks to Buy Caesars for $7B
Billionaire Tilman Fertitta leads exclusive talks to acquire Caesars Entertainment at ~$34/share, topping Carl Icahn's rival bid in a potential $7B casino deal.
Papa John's Gets Fresh Takeover Offer: Qatari-Backed Irth Eyes $47/Share Deal
A Qatari-backed investment fund, Irth Capital Management, has bid $47 per share to buy Papa John's pizza chain, valuing it at ~$1.5 billion—a big premium over its recent stock price amid ongoing takeover interest.