{"id":58406,"date":"2026-02-12T07:38:24","date_gmt":"2026-02-12T11:38:24","guid":{"rendered":"https:\/\/stockmarketwatch.com\/stock-market-news\/market-movers-lufthansa-flight-cancellations-pge-earnings-carmax-ceo-shift-and-us-china-trade-hopes\/58406\/"},"modified":"2026-02-12T07:38:24","modified_gmt":"2026-02-12T11:38:24","slug":"market-movers-lufthansa-flight-cancellations-pge-earnings-carmax-ceo-shift-and-us-china-trade-hopes","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/market-movers-lufthansa-flight-cancellations-pge-earnings-carmax-ceo-shift-and-us-china-trade-hopes\/58406\/","title":{"rendered":"Market Movers: Lufthansa Flight Cancellations, PG&#038;E Earnings, CarMax CEO Shift, and US-China Trade Hopes"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>Lufthansa<\/strong> (<a href=\"\/stock\/LHA.DE\">LHA.DE<\/a>) has canceled nearly <strong>800 flights<\/strong> today across Lufthansa, Lufthansa CityLine, and Lufthansa Cargo, indicating significant operational disruptions.<\/li>\n<li><strong>PG&amp;E Corp<\/strong> (<a href=\"\/stock\/PCG\">PCG<\/a>) reported a <strong>Q4 adjusted EPS of $0.36<\/strong>, missing analyst estimates of <strong>$0.37<\/strong>, while tightening its <strong>2026 non-GAAP core EPS guidance to $1.64-$1.66 per share<\/strong>.<\/li>\n<li><strong>CarMax<\/strong> (<a href=\"\/stock\/KMX\">KMX<\/a>) is reportedly set to name former IHG CEO <strong>Keith Barr<\/strong> as its new Chief Executive Officer.<\/li>\n<li><strong>Avient<\/strong> (<a href=\"\/stock\/AVNT\">AVNT<\/a>) exceeded Q4 sales estimates with <strong>$760.6 million<\/strong> and provided a full-year adjusted EBITDA outlook of <strong>$555-585 million<\/strong>.<\/li>\n<li>A <em>detente<\/em> in <strong>US-China trade relations<\/strong> is reportedly fueling the <em>mothballing<\/em> of key China tech curbs, suggesting a potential easing of tensions.<\/li>\n<\/ul>\n<p>Today&#39;s financial news is marked by significant developments across several sectors, from major flight cancellations impacting <strong>Lufthansa<\/strong> (<a href=\"\/stock\/LHA.DE\">LHA.DE<\/a>) to a leadership change at <strong>CarMax<\/strong> (<a href=\"\/stock\/KMX\">KMX<\/a>) and mixed earnings from <strong>PG&amp;E Corp<\/strong> (<a href=\"\/stock\/PCG\">PCG<\/a>) and <strong>Avient<\/strong> (<a href=\"\/stock\/AVNT\">AVNT<\/a>). Geopolitical shifts are also in focus, with reports of a <strong>US-China trade detente<\/strong> and new defense initiatives from <strong>ArianeGroup<\/strong>.<\/p>\n<p><strong>Lufthansa<\/strong> (<a href=\"\/stock\/LHA.DE\">LHA.DE<\/a>) announced the cancellation of almost <strong>800 flights<\/strong> across its main airline, Lufthansa CityLine, and Lufthansa Cargo services today, signaling substantial operational challenges. This widespread disruption could impact travel plans and cargo logistics, potentially affecting the airline&#39;s financial performance and customer satisfaction.<\/p>\n<p><strong>PG&amp;E Corp<\/strong> (<a href=\"\/stock\/PCG\">PCG<\/a>) released its latest financial results, with Q4 adjusted earnings per share coming in at <strong>$0.36<\/strong>, slightly below the estimated <strong>$0.37<\/strong>. Despite the slight miss, the utility company tightened its 2026 non-GAAP core EPS guidance to a range of <strong>$1.64 to $1.66 per share<\/strong>. The company also highlighted continued efforts to manage costs, including a <strong>2.5% reduction<\/strong> in non-fuel operating and maintenance (O&amp;M) costs in 2025 and over <strong>$700 million<\/strong> in cumulative O&amp;M savings redeployed over four years. Furthermore, <strong>PG&amp;E<\/strong> has lowered electric prices four times in the past two years.<\/p>\n<p>In leadership news, <strong>CarMax<\/strong> (<a href=\"\/stock\/KMX\">KMX<\/a>) is poised to appoint <strong>Keith Barr<\/strong>, the former CEO of InterContinental Hotels Group (IHG), as its new Chief Executive Officer, according to the <em>Wall Street Journal<\/em>. This strategic executive change could signal a new direction for the used car retailer amidst evolving market conditions.<\/p>\n<p><strong>Avient<\/strong> (<a href=\"\/stock\/AVNT\">AVNT<\/a>) delivered a strong Q4 performance, reporting sales of <strong>$760.6 million<\/strong>, surpassing analyst estimates of <strong>$748.4 million<\/strong>. The company also posted Q4 operating income of <strong>$39.6 million<\/strong>. Looking ahead, <strong>Avient<\/strong> provided an optimistic outlook for the full fiscal year, projecting adjusted EBITDA between <strong>$555 million and $585 million<\/strong> and adjusted EPS in the range of <strong>$2.93 to $3.17<\/strong>.<\/p>\n<p>On the international front, a <em>detente<\/em> in <strong>US-China trade relations<\/strong> is reportedly leading to the <em>mothballing<\/em> of key China tech curbs, as reported by <em>Reuters<\/em>. This development could ease tensions between the two economic powerhouses and potentially open new avenues for technology trade and cooperation. Meanwhile, <strong>ArianeGroup<\/strong> is reportedly in discussions with Germany and France to develop a new ballistic missile capable of hitting targets several thousand kilometers away with hypersonic warheads, indicating significant advancements in European defense capabilities.<\/p>\n<p>In the cryptocurrency space, <strong>Binance Alpha<\/strong> has listed new tokens, including <strong>Espresso (ESP)<\/strong>, with a contract address of <strong>0x3b8db\u2026<\/strong>, signaling continued expansion and new offerings within the digital asset market. <em>Investors should note that Binance Alpha listings do not necessarily mean official Binance exchange listings.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways Lufthansa (LHA.DE) has canceled nearly 800 flights today across Lufthansa, Lufthansa CityLine, and Lufthansa Cargo, indicating significant operational [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":50383,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"rank_math_schema_Article":[],"rank_math_focus_keyword":[],"rank_math_description":[],"financial_data_references":[],"stock_symbols_mentioned":[],"footnotes":""},"categories":[5012],"tags":[8168,231,8511,1807,9587,3939,11144,4390,11483,4555,17037,17038,5230,17039,7418,17040,7444,7916],"class_list":["post-58406","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-breaking-news","tag-ihg","tag-kmx","tag-ceo-change","tag-earnings","tag-binance","tag-pcg","tag-flight-cancellations","tag-us-china-trade","tag-carmax","tag-cryptocurrency","tag-avient","tag-arianegroup","tag-defense","tag-avnt","tag-lufthansa","tag-esp","tag-pge","tag-lha-de"],"_links":{"self":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts\/58406","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/comments?post=58406"}],"version-history":[{"count":0,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts\/58406\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/media\/50383"}],"wp:attachment":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/media?parent=58406"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/categories?post=58406"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/tags?post=58406"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}