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The legal community believes the SEC is probing well-timed, high-dollar trades that have lately capitalized on surprise news developments, though the details remain murky.
Consumer prices excluding fresh food climbed 1.8% from a year earlier as the effects of war in the Middle East pushed up energy costs.
The so-called "core-core" inflation, which strips out prices of both food and energy, dipped to 2.4%. Headline inflation came in at 1.5%, compared with 1.3% in February, staying below the central bank's 2% target for a second straight month.
U.S. President Donald Trump said on Thursday his administration will be looking into banks, singling out Wells Fargo , regarding payments and the treatment of debts in the aftermath of the Los Angeles wildfires, after he met with Los Angeles Mayor Karen Bass and Los Angeles County Supervisor Kathryn Barger.
CNBC's Jim Cramer urged investors to look at parts of the market that have already been beaten down. He highlighted four stocks in the health-care sector as alternatives to high-flying technology and AI names.
The Trump administration reclassified medical marijuana as a less dangerous drug on Thursday. FDA-approved and state-licensed medical marijuana was rescheduled from a Schedule I drug to the less strict Schedule III category.
President Donald Trump said Israel and Lebanon will extend their ceasefire by three weeks to work on a long-term deal during remarks to reporters at the White House. -------- More on Bloomberg Television and Markets Like this video?
Ed Yardeni, Yardeni Research founder, joins 'Closing Bell' to discuss Yardeni's S&P target, what the Iran war's impact on the Federal Reserve and much more.
Regulatory approval of the sale to Amber Energy would unlock investment, modernize refineries and push fuel prices down.
President Donald Trump said Americans should anticipate paying higher prices at the gas pump "for a little while" as a result of the Iran war. Trump said he is in no rush to make a peace deal with Tehran, claiming that the war has had less of an impact on both stocks and oil prices than he had expected.
Rodney Comegys, Vanguard Capital Management CIO, joins 'Closing Bell Overtime' to talk the impact of three possible IPOs from SpaceX, OpenAI, and Anthropic.
Marijuana stocks sold off Thursday, after acting U.S. Attorney General Todd Blanche signed an order rescheduling Food and Drug Administration-approved and state-licensed medical cannabis products as a less harmful substance — a move that led to celebration but also confusion among industry observers.
The Nasdaq composite paced Thursday's decline among major U.S. benchmarks.
Data suggest President Trump has been the driver behind the best and worst days for stocks in his second term.
Heading into the final trading session of the week, Marley Kayden and Vadas recap Thursday's headlines by talking about the importance of Texas Instruments (TXN) earnings and the day's economic data. ======== Schwab Network ======== Empowering every investor and trader, every market day.
The Financial Accounting Standards Board reportedly wants businesses to disclose their stablecoin holdings.
Roundhill Investments CEO Dave Mazza discusses the booming memory chip market and its crucial role in A.I. infrastructure and more on ‘Making Money.
A patient is denied coverage for a drug he has taken for 18 years. His insurer says he should try a cheaper alternative.
Luke Barrs, Chief Business Officer, Fundamental Equity at Goldman Sachs Asset Management, thinks that earnings expectations continue to remain high, but there will be a differentiation among firms that can offer returns on investments. While near-term investments remain tied to the volatility of the Iran war, the long-term outlook remains healthy due to AI growth drivers.
Operator: Greetings. Welcome to the NewMarket Corporation call and webcast to review first quarter 2026 financial results. At this time, all participants are in a listen-only mode. Please note this conference is being recorded. I will now turn the conference over to your host, Timothy K. Fitzgerald. You may begin. Timothy K. Fitzgerald: Thank you, and thanks to everyone for joining me this afternoon. As a reminder, some of the statements made during this conference call may be forward-looking. Relevant factors that could cause actual results to differ materially from those forward-looking are contained in our earnings release and in our SEC filings, including our most recent Form 10[inaudible]. During this call, we will also discuss the non-GAAP financial measures included in our earnings release, which can be found on our website and includes a reconciliation of the non-GAAP financial measures to the comparable GAAP financial measures. We filed our 10-Q for 2026 today, and it contains significantly more details on the operations and performance of our company. Today, I will be referring to the data that was included in last night's press release. Net income for the first quarter of 2026 was $118 million, or $12.62 per share, compared to net income of $126 million, or $13.26 per share, for the first quarter of 2025. Petroleum additives sales for the first quarter of 2026 were $610 million, compared to $646 million for the same period in 2025. Petroleum additives operating profit for the first quarter of 2026 was $135 million, compared to operating profit of $142 million in 2025. The decrease in operating profit was mainly due to the decline in shipments of 7% due to softening in the market and our strategic decision to reduce low-margin business. However, we are encouraged by the increase in shipments we observed in the latter part of the quarter. Despite the decline in shipments in the first quarter, our operating profit margin remained strong. We are very pleased with the performance of our petroleum additives business during the first quarter of 2026 and the work done by our team to operate within a rapidly changing environment due to the conflict in the Middle East. We have implemented price adjustments to account for the escalating cost of raw materials, utilities, and logistics, and we have rebalanced our global production to make sure we are meeting customer demands in a dynamically evolving market. Despite these challenges, we remain committed to improving efficiency and managing operating costs. Our focus continues to be on investing in technology and our supply network to meet customer demands, enhancing our operational efficiency, and improving our portfolio profitability. We report the financial results of our Ampak business and our newly acquired Calco Solutions business in our Specialty Materials segment. Specialty Materials sales for the first quarter of 2026 were $58 million, compared to $54 million for the same period in 2025. The increase in sales was mainly due to the inclusion of the Calco business, which was acquired on 10/01/2025, offset by a shift in shipment mix at Ampak versus the first quarter of last year. Specialty Materials operating profit for the first quarter of 2026 was $12 million, compared to $23 million for the first quarter of 2025. The decline in operating profit was mainly due to the change in quarterly shipment mix at Ampak compared to last year. As previously stated, we will see substantial variation in quarterly results for the Specialty Materials segment on an ongoing basis due to the nature of the business. The company generated solid cash flows throughout the first quarter, which allowed us to return $104 million to our shareholders through share repurchases of $126 million and dividends of $28 million. As of 03/31/2026, our net debt to EBITDA ratio was 1.2 times. As we look ahead to 2026, we are committed to making decisions that promote long-term value for our shareholders and customers while staying focused on our long-term objectives. We believe that the core principles guiding our business—a long-term perspective, a safety-first culture, customer-focused solutions, technology-driven products, and a world-class supply chain—will continue to benefit all of our stakeholders. That concludes our planned comments. We are available for questions via email or by phone, so please feel free to contact me directly. Thank you all again, and we will talk to you next quarter. Operator: Thank you. This does conclude today's conference. You may disconnect your lines at this time. Thank you for your participation.
