Earnings Call Insights: Toll Brothers (TOL) Q2 fiscal 2026 Management View “We are very pleased with our second quarter results. We beat guidance on both the top and bottom lines and posted another quarter of strong margins. Based on our first half performance, we are raising our full year guidance across all key homebuilding metrics,” said (Executive Chairman Douglas Yearley). “In the second quarter, our orders were up 7% gross and flat on a per community basis,” and “this trend has continued into the first 3 weeks of our third quarter where overall deposits are up modestly year-over-year and flat per community,” said (Executive Chairman Yearley). “In the quarter, we delivered 2,491 homes at an average price of $1,009,000, generating $2.5 billion of homebuilding revenue,” and “we earned $260.6 million in the quarter, or $2.72 per diluted share,” said (CEO & Director Karl Mistry). “We now project deliveries of between 10,400 and 10,700 homes with an average price between $985,000 and $1 million,” said (Executive VP & CFO Gregg Ziegler). “We are very excited to enter Northwest Arkansas with the acquisition of Buffington Homes transaction, which closed earlier this month,” and “we plan to grow community count at a similar 8% to 10% rate in fiscal 2027 and beyond,” said (CEO Mistry). “Seth Ring… will succeed Rob as President and Chief Operating Officer when Rob retires on June 30 and transitions to his new role as a Senior Adviser to the company,” said (Executive Chairman Yearley). Outlook “We are projecting fiscal 2026 third quarter deliveries of approximately 2,600 to 2,700 homes with an average delivered price between $965,000 and $985,000,” said (Executive VP & CFO Ziegler). “For the full fiscal year, we are increasing the low end of our guidance range by 100 homes, and we are increasing the projected average delivered price by $12,500 at the midpoint,” said (Executive VP & CFO Ziegler). “We’re also increasing our full year adjusted gross margin guidance by 10 basi...

Andy Burnham is backing Shabana Mahmood’s controversial changes to the immigration system, his allies have said, in a blow to those in Labour who hope to soften them. The Greater Manchester mayor is understood to be keen to reframe the changes but supportive of the home secretary’s attempts to limit legal and illegal migration, which have been criticised by some senior Labour MPs as un-British and mimicking Trump. Burnham faces a tough fight to return to Westminster against Reform UK, which has already called him “open-borders Andy”. But those close to his campaign say he will not seek to dilute the government’s curbs on migration, which include ending the right to permanent refugee status. “For Andy, migration is a moral issue as much as anything, showing people who’ve lost faith in politics that we do have control and we can do good,” one source said. “We need to tell a positive story about the contribution of migration to our country, but we cannot do that unless people trust that the people they vote for have control over our borders.” Spokespeople for Burnham and Mahmood declined to comment. Burnham was confirmed as Labour’s candidate for the Makerfield byelection earlier this week, and is widely expected to seek to run for the party leadership if he wins the seat, either by challenging Keir Starmer or persuading him to step down. But Labour MPs who have canvassed in the constituency say it will be a very difficult fight in a seat where Reform’s support surged at the local elections. “Andy is fighting the most important by election in half a century in the Labour-held seat with the largest Reform vote in the country,” a source close to the campaign said. “Immigration is the second most important issue there. He must show decisive leadership on this and reframe but back the reforms to restore control over our borders and create a firm but fair migration system.” View image in fullscreen A Reform sign in the window of a house in Ashton-in-Makerfield. Photograph: ...

Uber’s (UBER) management team has always had big dreams. For years, the company sold investors on the idea that it was going to be more than just a ride-sharing app. Uber wanted to be the premier operating system for everyday commerce — the only app you’d ever need to get places, order dinner, grab some groceries, pharmacy prescriptions, or anything else you could possibly imagine. There have been a few false starts along the way. But this year, Uber is taking that idea one step further with its new feature: “ Eats for the Way .” Not heard about this one yet? It’s exactly what it sounds like. From here on out, riders in select cities will be able to reserve an Uber Black or Uber Black SUV that’ll arrive with their favorite drink or snack already in hand. This latest offering sounds incredibly futuristic, but it’s a sensible next step for Uber in terms of consolidating existing products. It’s also a step that just about everybody on Wall Street is hungry for. Over the past couple of years, investors have been desperate for any sign that Uber’s next growth phase is still intact. The company has been profitable, sure. But concerns over AI disruption, slowing consumer spending, and the long-term economics of the gig economy have hit Uber’s share prices hard in 2026. That’s why “Eats for the Way” isn’t just some silly little product launch. It’s a big swing, and it needs to deliver investors some much-needed confidence. Why Uber Needs ‘Eats for the Way’ to Work Uber’s bull case used to be pretty simple. It was going to conquer global ride-sharing, build margins, and scale delivery into a major business line. The company more or less managed to achieve all of that, too. It’s been consistently profitable and ad revenue has expanded. Just about every analyst rates Uber a strong buy , and there are more than a price targets that give the stock a 40% upside from its current value. Despite all that, Uber’s shares have tumbled more than 16% over the last six months. So, what gi...

Berkshire Hathaway’s (BRK.A) (BRK.B) popular investment portfolio is undergoing some mammoth changes. The conglomerate filed its 13F report to the Securities and Exchange Commission for the period ending March 31, 2026 – making it the first report under the tenure of CEO Greg Abel, who succeeded Berkshire’s longtime leader Warren Buffett. And if anyone thought that Abel would slowly ease into the job, they were sorely mistaken. Rather than dipping his toe into the water, this was the investing equivalent of a cannonball. Abel’s Berkshire opened new positions in Macy’s (M) and Delta Air Lines (DAL) — two interesting picks considering the challenges facing brick-and-mortar retailers and airlines right now. He bought more than 3.5 million shares of Alphabet (GOOG) (GOOGL) stock, making that the company’s fifth-largest holding. And he tripled the company’s stake in New York Times Company (NYT), buying about 10 million shares. Berkshire now owns 9.3% of the entire company. He dramatically lowered the company’s exposure in Chevron (CVX), selling 35% of the company’s shares; and in Constellation Brands (STZ), selling 95% of STZ stock. And Abel completely exited stakes in more than a dozen companies, including some longtime Buffett holdings. At least some of those, according to the Wall Street Journal, were stocks managed by former Berkshire manager Todd Combs, who now is working at JPMorgan (JPM). Here are five major companies that Berkshire Hathaway sold. Should you do the same? Amazon Amazon (AMZN) is one of the biggest companies in the world by market capitalization, and a member of the Magnificent Seven grouping of stocks dominating the S&P 500. The company has a mammoth retail business that generated more than $180 billion in the first quarter. And its Amazon Web Services has the biggest market share in the cloud computing space (28%), giving Amazon another $37.6 billion in Q1 revenue. Shares are up 28% in the last 12 months, roughly mirroring the return of the S&P 50...

AMD Shares Jump as Market Moves on AI Server Demand TechStock²

A little rain or snow is goog thing KXLF.com

Job-seekers are using AI to apply for open roles. The result: 'Everybody's applications are starting to look more and more alike' With little room to sneak a foot in the door, job-seekers are slinging gobs of AI-tailored resumes and cover letters at anyone in a position to change their fate. Are recruiters using AI to deal with the deluge?

A weekly, midday program that delivers high-impact, editorially driven coverage of the most important corporate transactions shaping the global market. Today's guests: EQT Group Chair Jean Salata, Evercore Senior Managing Director Tech Investment Banking Tammy Kiely, Morgan Stanley Head of Global Technology M&A Wally Cheng, and Lazard CEO Peter Orszag. (Source: Bloomberg)

格隆汇5月21日｜特朗普：（关于伊朗）无论如何，这将很快结束。

syahrir maulana/iStock via Getty Images At a glance Performance The Fund returned 3.31% and the Russell 2000® Value Index returned 4.96%. Contributors/detractors An underweight and stock selection in the energy sector detracted from relative performance. Stock selection in the industrials sector contributed. Outlook We believe our focus on high-quality balance sheets and earnings growth opportunities will work to our advantage in a less certain environment. Portfolio management Justin Tugman, CFA Craig Kempler, CFA Investment environment Small-cap value stocks ended the quarter higher, despite a broader market decline. Equities started the quarter with moderate gains, supported by resilient economic growth. Volatility increased in March, after war in the Middle East drove oil prices over $100 per barrel, raising fears of inflation and slower economic growth. Value stocks outperformed growth stocks for the quarter, while small-cap stocks outperformed large caps. Energy stocks were strong performers, while defensive sectors, such as consumer staples, outperformed more cyclical sectors. The increase in volatility following the start of the Iran war did not reflect much difference in performance between higher-quality and lower-quality small-cap companies. Instead, individual stock performance has been driven more by the perceived sensitivity of the business to commodity prices and cyclical pressures. Portfolio review Stock selection in the consumer discretionary sector weighed on relative performance, as several holdings sold off on continued uncertainty around tariffs and fears that higher gasoline prices may pressure consumer budgets. Relative detractors included fashion shoe company Steve Madden, which also faced concerns about market share losses in its wholesale business. We continue to own shares of the company, though we acknowledge increased risks within the wholesale business. Financial technology company nCino ( NCNO ) was another detractor. It provides cloud...

Bonds worked really well as a portfolio diversifier for more than four decades, and a huge part of that success came from the long-term trend of falling interest rates. When interest rates fall, the value of existing bonds rises because their fixed coupon payments become more attractive relative to newly issued bonds. That dynamic created ... Bonds Used to Be the Answer for Retirees Who Needed Income. Then Came the Covered-Call ETF That Pays 4.75%.

Disney currently has no plans to shutter Hulu as a standalone streaming service or app, according to a company representative. In a report from Variety today, the spokesperson said that Disney, which took total ownership of Hulu in June 2025 , will continue to sell subscriptions to Hulu in the US and that “there are no current plans to sunset the Hulu app.” Disney owned two-thirds of Hulu before closing its acquisition of the streaming service’s remaining third from Comcast last year. Since then, some reports have suggested that the Hulu app would be phased out in 2026, while others have speculated that Disney would likely, but not definitely, shutter Hulu . Disney’s statement today means that people should be able to continue watching stuff on Hulu without having to pay for Disney+ for the foreseeable future; although, Disney is free to change its mind at any point. Read full article Comments

J Studios/DigitalVision via Getty Images Forbright Is Growing Slowly As It Seeks To Diversify Forbright, Inc. ( FRBT ) has filed to raise general corporate working capital via an IPO of its Class A common stock, according to an S-1 registration statement . The firm operates as a digital bank in the United States. Its core lending business interest income is growing slowly as management is seeking to accentuate non-interest sources of revenue growth. What Does Forbright Do? Forbright provides a digital-first financial services platform primarily for middle-market companies in the U.S. As a nationwide bank, the company has gathered deposits since its launch in its current form, equivalent to that of 200 physical bank branches, according to management. Nearly 77% of its revenue has come from loan interest, with the remainder from various investment and advisory fees and other non-interest revenue sources, as shown in the pie chart here: SEC The firm’s service offerings include: Lending - various RE and corporate. Loan advisory services. Asset management advisory services. Deposit services. The company is led by founder, Chairman, and Chief Executive Officer John K. Delaney, who was previously a member of the U.S. House of Representatives and founded two NYSE-listed companies. Forbright has booked $493 million in fair value investment from GPC Partners Investment (Elevate), CB Elevate Aggregator, Bayview affiliates, Forbright STRT Investor, and Cliffwater Corporate Lending Fund, among others. What Is Forbright’s Market? Forbright operates primarily in the middle-market lending industry in the United States. According to a report by Golub Capital, the U.S. direct lending market was $850 billion in 2024 and is generally comprised of venture debt, distressed debt, special situations, mezzanine, and direct lending. The chart below shows the market trajectory since 2004, according to Preqin: Preqin The category includes around 200,000 companies with between 50 and 500 employ...

格隆汇5月21日｜特朗普：土耳其总统埃尔多安一直是盟友。

格隆汇5月21日｜美联储会议纪要显示，工作人员对经济活动的展望较3月会议时的预测略微更强。预计未来几年实际GDP增速将略高于潜在增速。失业率预计今明两年将接近工作人员对其长期水平的估计，2028年前后略低于这一水平。工作人员对今年的通胀预测高于3月会议时的预测，原因在于最新数据、更高的能源价格，以及预计将推高消费者价格通胀的其他中东冲突影响。预计今年上半年之后，随着各种与冲突相关因素对经济的影响逐渐消退，以及更高关税向通胀的传导减弱，通胀将开始放缓；预计到明年年底，通胀将接近2%。总体而言，就业和实际GDP增长预测面临的风险偏向下行，而通胀预测风险则偏向上行：过去五年通胀一直明显高于2%，中东冲突还可能进一步推高通胀，同时部分与关税或能源价格无关的类别也开始出现新的价格压力。因此，工作人员认为，通胀比预期更加持久的可能性，是一个值得重点关注的风险。

Oil prices fell 6% on Wednesday after Donald Trump said that negotiations with Iran were in the final stages, though investors remain wary about the outcome of peace talks as disruption to Middle Eastern supply continues. Brent crude futures fell $6.64, or 5.97%, to $104.64 a barrel by 1.45pm ET and US West Texas Intermediate futures were down $6.49, or 6.23%, at $97.66. The US president said that negotiations with Iran were in the final stages but warned of further attacks unless Iran agrees to a deal. The Iranian foreign ministry spokesperson, Esmaeil Baghaei, said Iran was ready to develop protocols for safe shipping traffic in cooperation with other coastal states, without providing further details. Despite signs of progress, some market participants and analysts remain wary about the outcome of negotiations and global supply tightness that will probably persist even if the US and Iran reach a deal. “You’ve got to take all these pronouncements with a grain of salt these days, but the market was also quick to reward it and price in the hope of a resolution,” said John Kilduff, partner at Again Capital. Analysts at Citi said on Tuesday that they expect Brent crude to rise to $120 a barrel in the near term, stating that oil markets were underpricing the risk of prolonged supply disruption, and Wood Mackenzie estimated that it could approach $200 if the strait of Hormuz stays largely shut until the end of the year. Similarly, PVM analysts said global oil stocks could reach critically low levels. “Yet, as observed lately, market players are comparatively nonchalant (or complacent) about what the conflict might bring,” PVM said. The premium on Brent contracts for delivery next month over contracts for delivery in six months – an indicator of traders’ views of current supply tightness - is about $20 a barrel, way below last month’s highs above $35. The Russian deputy prime minister, Alexander Novak, said on Wednesday that some countries were lifting sanctions on Russia...

格隆汇5月21日｜特朗普：与土耳其总统埃尔多安进行了良好的通话。

歐霸盃｜阿士東維拉挫弗賴堡奪冠 艾馬利五奪歐霸錦標 【有線新聞】阿士東維拉奪得歐霸盃冠軍，決賽3比0擊敗弗賴堡。 領隊艾馬利執教生涯五奪歐霸錦標，維拉相隔44年再度贏得歐洲大賽冠軍。艾馬利說達成了球會願景的第一步，會借助今次經驗明年挑戰歐聯的更大舞台。

中美聯合偵破跨國販賣新精神活性物質案 To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video 【有線新聞】中美聯合偵破一宗跨國販毒案。 中國公安自2024年以來跟美國司法部緝毒署聯合偵查一宗跨國販賣新精神活性物質案。今年2月天津警方根據美方提供的線索成功拘捕一名疑犯，美方則在更早之前在佐治亞州拘捕同案的一名美籍疑犯。案件偵破是雙方協調打擊跨境犯罪的成果，反映兩國對犯毒及相關跨國罪行絕不姑息的嚴正立場。

FEATURE Micron Technology stock rose Wednesday. Its memory-chip rival Samsung Electronics faces the growing threat of a strike. Micron shares jumped 4.1% in afternoon trading. Already soaring prices for memory chips could receive a further boost after talks between Samsung management and labor representatives broke down Wednesday.

格隆汇5月21日｜据ABC新闻：拉瓜迪亚国际机场因地陷关闭跑道。

格隆汇5月21日｜特朗普：如果我没有得到关于伊朗的正确答案，事情会迅速发展；我需要伊朗提供完全100%的好答案。

格隆汇5月21日｜特朗普：将等待伊朗的回应几天；在达成协议之前不会提供任何救助。

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AMD's $3999 Halo box challenges NVIDIA's DGX Spark with 128GB memory and Zen 5 AI power TweakTown

Dani Burger and Scarlet Fu discuss how OpenAI is preparing to file for an initial public offering in the coming weeks and is targeting a public debut sometime in the fall, according to a person familiar with the plan on "Bloomberg Deals." (Source: Bloomberg)

格隆汇5月21日｜特朗普：（关于伊朗）我们正在与理性的人打交道。

YieldMax NVDA Option Income Strategy ETF (NYSEARCA:NVDY) sells the right to NVIDIA’s biggest up moves each month and hands you the option premium as income. The fund currently trades around $14 and manages $1.82 billion in assets. Does selling NVIDIA’s best days actually pay enough to make up for the days you sold? What you ... NVDY Sells NVIDIA’s Best Days Each Month to Fund Its 60 Percent Distribution