jetcityimage Lennar ( LEN ) stock slipped 2.0% in after-hours trading after the homebuilder reduced its full-year target for home deliveries due to continued pressure on interest rates and geopolitical uncertainty. The company now expects FY2026 deliveries of ~82,000-83,000 homes from its previous guidance of ~85,000. " Our second quarter of fiscal year 2026 was defined by the same stubborn headwi...
jetcityimage Lennar ( LEN ) stock slipped 2.0% in after-hours trading after the homebuilder reduced its full-year target for home deliveries due to continued pressure on interest rates and geopolitical uncertainty. The company now expects FY2026 deliveries of ~82,000-83,000 homes from its previous guidance of ~85,000. " Our second quarter of fiscal year 2026 was defined by the same stubborn headwinds that have challenged the housing market for the past several years – persistently elevated mortgage rates, constrained affordability, and cautious consumer sentiment, exacerbated by geopolitical uncertainty creating a resurgent inflation reading of 4.2% driven by higher energy prices," said Chairman, CEO, and President Stuart Miller. The homebuilder expects Q3 new orders of 21,000-22,000 homes vs. the Visible Alpha consensus of 22,231. Q3 deliveries are anticipated to be 20,500-21,500, short of the 21,877 consensus. The average sales price is expected to be $375K-$380K vs. the Visible Alpha estimate of $372.7K. Q2 GAAP EPS of $1.24, in line with the average analyst estimate, fell from $1.81 in last year's Q2. Excluding mark-to-market losses on technology investments, EPS was $1.31. vs. $1.90 in the year-ago quarter. Revenue for the quarter ended May 31, 2026, dropped 5.2% Y/Y to $7.62B, missing the average analyst estimate of $8.07B. Q2 new orders fell 4% Y/Y to 21,749, just above the Visible Alpha estimate of 21,709. Deliveries increased 2% Y/Y to 20,519 homes, just shy of the 20,642 VA estimate. The average delivery price of $377K edged down from $379K in the year-ago quarter and exceeded the VA consensus of $373.6K. Backlog of 16,818 homes, with a dollar value of $6.61B, increased from 15,588 homes valued at $6.04B in Q1 2026. Conference call on June 12 at 11:00 AM ET. More on Lennar Lennar: I Am Buying Ahead Of The Q2 Print Lennar: Smelling Opportunity In Homebuilding Lennar: Foundations Remain Solid, But Market Risks, Valuation Flag Caution Lennar Non-GAAP EPS of $...
Adobe (ADBE) delivered earnings and revenue surprises of +2.20% and +2.50%, respectively, for the quarter ended May 2026. Do the numbers hold clues to what lies ahead for the stock?
Adobe (ADBE) delivered earnings and revenue surprises of +2.20% and +2.50%, respectively, for the quarter ended May 2026. Do the numbers hold clues to what lies ahead for the stock?
In this article SPCX Follow your favorite stocks CREATE FREE ACCOUNT Senator Elizabeth Warren, a Democrat from Massachusetts, speaks to members of the media in the Senate Subway at the US Capitol in Washington, DC, US, on Tuesday, May 19, 2026. Al Drago | Bloomberg | Getty Images Sen. Elizabeth Warren , D-Mass., is raising concerns about whether recent rule changes at stock indexes cleared the way...
In this article SPCX Follow your favorite stocks CREATE FREE ACCOUNT Senator Elizabeth Warren, a Democrat from Massachusetts, speaks to members of the media in the Senate Subway at the US Capitol in Washington, DC, US, on Tuesday, May 19, 2026. Al Drago | Bloomberg | Getty Images Sen. Elizabeth Warren , D-Mass., is raising concerns about whether recent rule changes at stock indexes cleared the way for SpaceX — and potentially OpenAI and Anthropic — to be included in indexes without some of the typical safeguards for investors. The letter to the heads of the Nasdaq, S&P Dow Jones Indices , FTSE Russell and Morningstar Indexes sent on Thursday asked the companies whether they had made or considered rule changes based on lobbying from Elon Musk , other SpaceX officials or officials from OpenAI or Anthropic, and asked for any communications between the companies and the indexes. CNBC is first to report the letter. Warren also detailed changes, or proposed changes the indexes had considered, including fast-tracking newly listed stocks into top indexes. "The changes to your index rules to accommodate these large companies, however, have the potential to destabilize markets and create significant risks for American investors, especially retirees and other individuals that rely on index funds for their savings." SpaceX is set to begin trading on Friday and is poised to be one of the largest public offerings in history, with the company valued around $1.8 trillion. OpenAI and Anthropic also confidentially filed for IPOs as well. Earlier this week, Warren called on the SEC to delay the SpaceX offering over concerns the agency had not done due diligence in protecting investors and market integrity. Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.
Investing.com -- S&P Global Ratings raised its long-term issuer credit rating on NVIDIA Corporation (NASDAQ:NVDA) to "AA" from "AA-," citing insatiable market demand for artificial intelligence systems. The upgrade reflects the chipmaker’s sustainable competitive advantage and massive cash flow generation within the rapidly expanding data center ecosystem. The ratings agency now forecasts Nvidia’s...
Investing.com -- S&P Global Ratings raised its long-term issuer credit rating on NVIDIA Corporation (NASDAQ:NVDA) to "AA" from "AA-," citing insatiable market demand for artificial intelligence systems. The upgrade reflects the chipmaker’s sustainable competitive advantage and massive cash flow generation within the rapidly expanding data center ecosystem. The ratings agency now forecasts Nvidia’s revenue to surge 82% in fiscal 2027 to $394 billion, followed by a 38% increase to $544 billion the
Tesla launched an unsupervised robotaxi service across the Austin metropolitan area, marking one of the first commercial scale driverless ride hailing deployments. The company gained additional European Union approvals for its supervised Full Self Driving software, including in Belgium and Denmark. Ticker: NasdaqGS:TSLA, with a recent share price of $381.59 and a 1 year return of 16.9%. Tesla, tra...
Tesla launched an unsupervised robotaxi service across the Austin metropolitan area, marking one of the first commercial scale driverless ride hailing deployments. The company gained additional European Union approvals for its supervised Full Self Driving software, including in Belgium and Denmark. Ticker: NasdaqGS:TSLA, with a recent share price of $381.59 and a 1 year return of 16.9%. Tesla, trading under NasdaqGS:TSLA, is pushing further into autonomous mobility with its new robotaxi...
Earnings Snapshot (Seeking Alpha) jetcityimage More on Lennar Lennar: I Am Buying Ahead Of The Q2 Print Lennar: Smelling Opportunity In Homebuilding Lennar: Foundations Remain Solid, But Market Risks, Valuation Flag Caution Lennar Q2 2026 Earnings Preview Lennar appoints Jim Parker as COO and David Grove as Homebuilding EVP
Earnings Snapshot (Seeking Alpha) jetcityimage More on Lennar Lennar: I Am Buying Ahead Of The Q2 Print Lennar: Smelling Opportunity In Homebuilding Lennar: Foundations Remain Solid, But Market Risks, Valuation Flag Caution Lennar Q2 2026 Earnings Preview Lennar appoints Jim Parker as COO and David Grove as Homebuilding EVP
Never miss an episode. Follow The Big Take daily podcast today. The 2026 World Cup kicks off today in Mexico City. It’ll be the largest in FIFA’s history, spanning three host countries and 48 competing teams and is expected to generate between $11 and $13 billion. But the tournament’s expansion comes at the expense of fans navigating a new dynamic pricing model and cities shouldering overhead cost...
Never miss an episode. Follow The Big Take daily podcast today. The 2026 World Cup kicks off today in Mexico City. It’ll be the largest in FIFA’s history, spanning three host countries and 48 competing teams and is expected to generate between $11 and $13 billion. But the tournament’s expansion comes at the expense of fans navigating a new dynamic pricing model and cities shouldering overhead costs. On today’s Big Take, host David Gura, Bloomberg’s Vanessa Perdomo and economist Andrew Zimbalist track who stands to profit the most from the people’s game. Read more: The Hidden Cost of the Most Expensive World Cup Ever Listen more: The \ We have a special Bloomberg subscription offer for podcast listeners at Bloomberg.com/podcastoffer. Listen and follow The Big Take on Apple Podcasts , Spotify or wherever you get your podcasts. Terminal clients: Visit NSUB to subscribe. This episode was produced by: David Fox; Editor: Aaron Edwards; Fact-checker: Laura Newcombe and Rachael Lewis-Krisky; Sound Design/Engineer: Emma Munger; Senior Producer: Naomi Shavin; Senior Editor: Elisabeth Ponsot; Deputy Executive Producer: Julia Weaver; Executive Producer: Nicole Beemsterboer.
Richard Clarida, Managing Director and Global Economic Adviser at PIMCO and Former Vice Chair of the Federal Reserve Board of Governors, discussed the significant impact of artificial intelligence (AI) on the economy and markets over the next five years. He emphasized AI as a potential disinflationary force due to increased productivity and possible wage compression, while also noting the financin...
Richard Clarida, Managing Director and Global Economic Adviser at PIMCO and Former Vice Chair of the Federal Reserve Board of Governors, discussed the significant impact of artificial intelligence (AI) on the economy and markets over the next five years. He emphasized AI as a potential disinflationary force due to increased productivity and possible wage compression, while also noting the financing risks associated with AI investments. He speaks with Romaine Bostick & Katie Greifeld on "The Close." (Source: Bloomberg)
The best images from Mexico City Stadium as the 2026 World Cup got under way, with Shakira and Burna Boy starring in the first of the tournament’s three opening ceremonies before El Tri made easy work of their opener against Bafana Bafana Continue reading...
The best images from Mexico City Stadium as the 2026 World Cup got under way, with Shakira and Burna Boy starring in the first of the tournament’s three opening ceremonies before El Tri made easy work of their opener against Bafana Bafana Continue reading...