News

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.

Asian markets rose on Monday, following a strong rally on Wall Street and better-than-expected factory data from China. The U.S. stock market also rebounded after its first correction since 2023, with gains for Big Tech stocks and companies in the artificial intelligence industry supporting the market.

The Japanese government's move to incorporate the Science Council of Japan raises concerns about academic freedom, despite removing the prime minister's role in selecting new members. However, the legislation fails to address why the previous prime minister refused to appoint six nominated candidates.