Major brokerages, including Goldman Sachs and Morgan Stanley, expect the U.S. Federal Reserve to deliver its next interest-rate cut in June, while J.P. Morgan sees the next move as a hike in 2027. ...

Group 1 - Lukoil's Volgograd oil refinery has suspended oil processing due to a fire caused by a Ukrainian drone attack, impacting a key crude distillation unit that accounts for 40% of the plant's capacity [1][1] - The damaged crude distillation unit (CDU-1) has a capacity of approximately 18,600 metric tons per day, equivalent to around 140,000 barrels per day [1][1] - In 2024, the Volgograd refinery processed 13.5 million metric tons of oil, representing about 5% of the total volume processed at Russian refineries, producing 6 million tons of diesel, 1.9 million tons of gasoline, and 700,000 tons of fuel oil [1][1]

Core Viewpoint - Zebra Technologies has projected its 2026 sales and profit to exceed Wall Street estimates, driven by strong demand for its barcode scanners and communication devices, resulting in a rise in the company's shares [1] Group 1: Financial Forecast - The company anticipates robust sales growth, with expectations for 2026 sales and profit surpassing analyst predictions [1] - The positive outlook is attributed to increasing demand for its core products, particularly barcode scanners and communication devices [1] Group 2: Market Reaction - Following the announcement, shares of Zebra Technologies experienced an upward movement, reflecting investor confidence in the company's growth prospects [1]

Core Viewpoint - Zoetis forecasts strong adjusted profit and revenue for 2026, driven by steady demand in its companion-animal portfolio and resilient international markets, despite softer trends in the U.S. [1] Financial Performance - Zoetis expects adjusted earnings of $7.00 to $7.10 per share for 2026, exceeding analysts' estimate of $6.80 [1] - Projected revenue for 2026 is between $9.83 billion and $10.03 billion, with the midpoint surpassing estimates of $9.91 billion [1] - The company's adjusted profit per share for the recent quarter was $1.48, above estimates of $1.40 [1] - Revenue for the recent quarter rose 3% to $2.39 billion, exceeding estimates of $2.36 billion [1] Segment Performance - Revenue from the companion-animal segment increased by 2% to $1.60 billion [1] - Livestock revenue rose by 4% to $756 million [1] Market Reaction - Shares of Zoetis rose by 4.4% in premarket trading following the forecast announcement [1] - Analyst Chris Schott from J.P. Morgan noted that investor expectations were low prior to the update due to competition concerns, and the forecast should alleviate some of these worries [1]

Core Viewpoint - CarMax has appointed Keith Barr as the new CEO to lead the company through a turnaround amid declining demand for used cars [1] Company Overview - CarMax is facing challenges in reselling vehicles purchased at higher prices due to a nationwide decrease in demand as consumers opt to retain their older cars for longer periods [1] - The company has implemented various initiatives, including job cuts, to mitigate the impact of lower demand and margin pressures caused by inflation [1] Leadership Changes - Keith Barr, previously the CEO of InterContinental Hotels Group, will officially take over as CEO on March 16 [1] - The appointment follows the resignation of former CEO Bill Nash in November, which was part of a broader leadership shake-up within the company [1] - Interim CEO David McCreight acknowledged the need for change within CarMax during the third quarter [1]

Core Viewpoint - Clear Street has significantly reduced its U.S. IPO valuation target from $11.8 billion to $7.2 billion due to investor pushback [1][1][1] Company Summary - Clear Street is now offering 13 million shares priced between $26 and $28 each, down from the initial offering of 23.8 million shares priced between $40 and $44 [1][1][1] - The IPO is expected to price later on Thursday, with the stock set to list on Nasdaq under the symbol "CLRS" [1][1][1] Industry Context - The reduction in valuation reflects broader market conditions and investor sentiment, indicating potential challenges for IPOs in the current environment [1][1][1] - Major investment banks involved in the offering include Goldman Sachs, BofA Securities, Morgan Stanley, and UBS Investment Bank, highlighting the competitive landscape for IPOs [1][1][1]

American Electric Power surpassed Wall Street expectations for fourth-quarter profit on Thursday, and said it would expand its five-year capital expenditure plan beyond $72 billion to meet the surging... ...

Group 1 - Baxter International Inc. forecasts 2026 adjusted profit between $1.85 and $2.05 per share, which is below analysts' average expectation of $2.25 per share [1] - The lower profit forecast is attributed to ongoing disruptions caused by hurricanes at a key manufacturing unit [1]

Exclusive: Italian tax police search Amazon in new tax probe, sources say | ReutersSkip to main content[Exclusive news, data and analytics for financial market professionalsLearn more aboutRefinitiv]Flags flutter outside a distribution centre, during a strike at Amazon's logistics operations in Italy, in Passo Corese, Italy March 22, 2021. REUTERS/Remo Casilli [Purchase Licensing Rights, opens new tab]- Companies[Amazon.com Inc]FollowMILAN, Feb 12 (Reuters) - Italian tax police carried out searches on Thurs ...

Howmet Aerospace on Thursday forecast first-quarter profit above Wall Street expectations, as the maker of castings and fasteners for aircraft benefited from strong industry demand for planes and part... ...