Papa John’s sinks nearly 20% on report Apollo withdrew its offer to take chain private

Shares of Papa John’s sank nearly 20% on Tuesday following a report that Apollo Global has withdrawn its offer to take the pizza chain private.

Reuters reported that the private equity firm backtracked on its bid, valued at $64 a share, about a week ago. The firm previously submitted an offer for Papa John’s alongside Irth Capital Management, according to Reuters.

Apollo and Papa John’s did not immediately respond to requests for comment.

Papa John’s is preparing to release its third-quarter earnings report on Thursday. The company’s stock is down nearly 30% in the last year.

Source

Business

Real estate agents say the housing market is starting to balance out

January 8, 2026

The U.S. housing market has yet to pick up steam into 2026, but real estate agents say there’s been a real shift toward a more balanced market, according to the quarterly CNBC Housing Market Survey. Mortgage rates didn’t move much at all in the last quarter of 2025, but home prices are steadily easing. The […]

Ford enters race to offer eyes-off driving tech, starting with ,000 EV in 2028

Business

Ford enters race to offer eyes-off driving tech, starting with $30,000 EV in 2028

January 8, 2026

Jim Farley, president and chief executive officer of Ford, speaks at the Ford Motor Co.’s Kentucky Truck Plant to launch the 2025 Ford Expedition, in Louisville, Kentucky, April 30, 2025. Carolyn Kaster | AP Ford Motor plans to introduce eyes-off driving technology on an upcoming $30,000 all-electric vehicle in 2028, the Detroit automaker announced Wednesday. […]

Business

Avelo Airlines to end ICE deportation charters as it cuts commercial flights, jobs

January 7, 2026

The inaugural flight of an Avelo Airlines Boeing 737-800 takes off from Hollywood Burbank Airport to Charles M. Schulz-Sonoma County Airport in Santa Rosa on April 28, 2021. Patrick T. Fallon | AFP | Getty Images Avelo Airlines will stop flying deportation flights for the U.S. government and will also cut commercial routes and reduce […]