News

Enron CEO Kenneth Lay assured employees of the company's financial stability despite internal warnings and questionable accounting practices, ultimately leading to Enron's historic collapse in 2001. Parallels are drawn between Lay's actions and recent pronouncements by Tesla CEO Elon Musk, raising concerns about potential misinformation and misplaced trust.

The cryptocurrency market is experiencing a pullback, mirroring declines in traditional financial markets, with large transaction volume increasing and daily active addresses falling. This downturn comes amidst reports of President Trump preparing new auto tariffs, adding to global market uncertainty.

Petco Health and Wellness Company, Inc. (WOOF) reported a GAAP loss of five cents per share in the fourth quarter, missing analyst expectations, but exceeded revenue expectations with $1.52 billion. Despite the earnings miss, CEO Joel Anderson expressed optimism about the company's progress and its future potential.

J.P. Morgan analyst Jeremy Tonet lowered his price target for DT Midstream, Inc. (DTM) from $115.00 to $109.00, citing strong operating leverage and growth potential but also noting that the current share price already incorporates much of the company's future growth potential. Despite the lowered price target, Tonet maintains a Neutral rating for DTM.

A partnership between General Motors, EVgo, and Pilot Company, owned by Warren Buffett's Berkshire Hathaway, has resulted in over 130 fast-charging locations at Pilot and Flying J travel centers in 25 states, making long-distance EV road trips more convenient. This initiative provides more options for people traveling across the country, offering fast-charging infrastructure, convenient amenities, and strategic locations.