Company Insights - CarMax reported a significant decline, hitting a new 5-year low after missing second quarter earnings estimates, with retail used car sales down 5% year-over-year and auto financing income falling over 10% in the quarter [2][3] - CarMax announced a $150 million cost-cutting plan over the next 18 months, which contributed to a more than 20% drop in its shares at the close [3] - Oracle's stock closed down about 5.5% after receiving a sell rating from Rothschild and Redburn, which initiated coverage with a $175 price target, citing overestimation of contracted cloud revenues [4][5] Industry Trends - The energy sector is experiencing a rally, even as crude prices fell from a 7-week high, with speculation linking this to AI traders [6] - Copper prices are rising due to supply disruptions from Freeport MacMoran's mine suspension in Indonesia, which could impact input prices for new homes and create margin pressure for home builders [7][8] - Lithium Americas saw a nearly 100% gain recently, with a further 20% increase, as the U.S. is potentially taking a stake to secure supply chains and reduce reliance on China [8] Economic Indicators - The upcoming PCE report is crucial, with expectations for core PCE to increase to 2.9%, the highest level in 5 months, which may influence the Federal Reserve's decisions in the October meetings [9][10] - There is ongoing discussion about the impact of tariffs on inflation, with some retailers absorbing costs, while others may pass them through to consumers [12][13]

Brookfield Renewable Partners September 25, 2025 Built to Outperform Connor Teskey, Chief Executive Officer Baseload Power With a Leading Development Franchise Natalie Adomait, Chief Operating Officer Differentiated M&A and Capital Recycling Capabilities Jehangir Vevaina, Chief Investment Officer Sustainable Cash Flow Growth to Drive Long-Term Value Patrick Taylor, Chief Financial Officer Key Messages and Q&A Connor Teskey, Chief Executive Officer Built to Outperform Connor Teskey Chief Executive Officer We ...

Appointment of Gregory Trannoy as Executive Coordination Director of EDF Group Grégory Trannoy has been appointed Executive Coordination Director of the Group, in charge of the secretariat of the Group Executive Committee, effective 1 November 2025. He succeeds Chloé Pfeiffer, who has been appointed Chair of EDF Production Electricité Insulaire (PEI) effective 1 December 2025. Grégory Trannoy is a graduate of ESCP Business School. He joined the EDF Group in 1997, where he held various operational management ...

Housing Market Overview - Existing home sales reached 4 million, surpassing expectations of 3.96 million, indicating a slight consolidation in the data over recent months [2] - New home sales have seen a significant upward adjustment, with mortgage applications stabilizing as mortgage rates have decreased, providing a boost to home building stocks [3][4] - The current housing market is not experiencing deceleration in sales, and there is potential for buyers to re-enter the market to absorb excess inventory [5] Interest Rates and Economic Dynamics - The 10-year yield has been rising, which may impact home purchases, especially as it approaches 4.3% [8] - There is a seasonal slowdown to consider, but lower interest rates in the long term could lead to increased input prices for home builders, particularly for lumber and copper [8] Commodity Prices and Supply Chain Issues - Recent supply disruptions in copper production, particularly from Freeport McMoRan, are expected to increase pricing pressure in the refined copper market [11] - The shortage of copper ore is concerning for home builders, as recycled copper supplies are also stretched [12] - Companies with domestic copper mining operations, such as Southern Copper and Rio Tinto, may benefit from the current supply constraints [13][14] Economic Indicators - The GDP revision showed a surprising increase to 3.8% from a previous 3.3%, indicating stronger economic growth than anticipated [16] - Initial jobless claims were better than expected, suggesting resilience in the labor market, which may influence future Federal Reserve rate decisions [19][20]

Core Insights - Eni S.p.A. has completed the sale of a 30% interest in the Baleine project to Vitol, reducing its ownership stake to 47.25% while Vitol and Petroci hold 30% and 22.75% respectively [1][8] - The Baleine field is the largest oil and gas discovery in Côte d'Ivoire and is notable for being the first net-zero development in the region, with production starting in 2023 and expected to reach nearly 150,000 barrels of oil and 200 million cubic feet of gas per day with the upcoming Phase 3 [2][8] - The divestiture aligns with Eni's strategy to streamline its upstream portfolio for improved profitability and efficiency, utilizing a dual exploration model to monetize new hydrocarbon discoveries [3] Company Rankings and Comparisons - Eni currently holds a Zacks Rank of 2 (Buy), indicating a positive outlook [4] - Other top-ranked energy stocks include Repsol S.A. with a Zacks Rank of 1 (Strong Buy), and Galp Energia and Oceaneering International, both with a Zacks Rank of 2 [4] - Repsol is focusing on transitioning to cleaner energy solutions, while Galp Energia has made significant discoveries in oil exploration, particularly in Namibia [5][6]

BP (NYSE:BP) Update / Briefing September 25, 2025 08:00 AM ET Company ParticipantsSpencer Dale - Chief EconomistGareth Ramsay - Head of Energy Transition and Systems AnalysisKrassimir Kiriakov - Head of the Commercial SectionElena Pravettoni - Head of AnalysisPaul Butterworth - Research ManagerAisha Dhaliwal - Advisor on Energy Use in IndustryMartin Haigh - Senior Energy AdviserConference Call ParticipantsNone - Analyst 2None - Analyst 1Spencer DaleWelcome, everyone. I'm Spencer Dale, BP's Chief Economist, ...

Gunnison Copper Announces First Copper Sales from Johnson Camp MineAmerica's Newest Copper Producer Delivers First Revenue MilestoneSeptember 25, 2025 6:30 AM EDT | Source: Gunnison Copper Corp.Phoenix, Arizona--(Newsfile Corp. - September 25, 2025) - Gunnison Copper Corp. (TSX: GCU) (OTCQB: GCUMF) (FSE: 3XS0) ("Gunnison" or the "Company") is pleased to announce the first sales of pure copper cathode from its fully operational Johnson Camp Mine ("JCM") in southeast Arizona, with production cap ...

Equity Research Report | 22 September 2025 China Energy Storage Equities Pace picking up with new policies We raise our 2026/27 global energy storage system (ESS) installation forecasts from 399/483GWh to 401/487GWh to reflect stronger-than-expected global ESS battery shipments in 1H25 (up 109% y-o-y per PV Infolink), which we believe bodes well for ESS installation in 2H25-2026. New policies issued by NDRC on 12 September 2025 encourage power users to reduce their dependence on the grid for back-up power; ...

Core Viewpoint - California Resources Corporation (CRC) announced a private offering of $400 million in senior unsecured notes to finance the repayment of existing debt related to the pending merger with Berry Corporation [1][2]. Group 1: Offering Details - The offering consists of $400 million in 7.000% senior unsecured notes due 2034, priced at par [1]. - The estimated net proceeds from the offering will be approximately $394 million after deducting discounts and expenses [2]. - The offering is expected to close on October 8, 2025, subject to customary closing conditions [1]. Group 2: Use of Proceeds - The net proceeds will be used to repay existing indebtedness of Berry Corporation in connection with the Berry Merger, as well as to cover fees and expenses related to the merger and the offering of the notes [2]. Group 3: Redemption Conditions - If the Berry Merger does not occur by March 14, 2026, or if the merger agreement is terminated, the notes will be subject to a special mandatory redemption at 100% of the initial issue price plus accrued interest [3]. Group 4: Company Overview - California Resources Corporation is an independent energy and carbon management company focused on energy transition and environmental stewardship [8]. - The company aims to maximize the value of its land and mineral ownership while developing carbon capture and storage (CCS) projects [9].

Core Insights - The Trump administration is seeking a 10% equity stake in Lithium Americas in exchange for renegotiating a $2.26 billion Department of Energy loan [1][2] - The Thacker Pass mine in Nevada, developed by Lithium Americas, is expected to produce enough lithium for 800,000 electric vehicles annually [3] - GM holds a 38% stake in Lithium Americas, having invested $625 million, and has rights to purchase the entirety of the first phase of production [4] Group 1 - The U.S. government has previously negotiated stakes in companies like Intel and MP Materials, indicating a trend in government involvement in key industries [2] - The Trump administration's support for the lithium project is framed as a balance between project success and taxpayer fairness [2] - The loan for the Thacker Pass project was awarded under President Biden, highlighting bipartisan interest in lithium production [3] Group 2 - The total lithium production from the Thacker Pass mine over two decades could support 1.6 million electric vehicles [4] - The Trump administration is reportedly asking GM to guarantee lithium purchases, despite efforts to limit the transition to electric vehicles [4]