Generative AI bookings hit $1.2 billion as Accenture crushes Wall Street forecasts with 9% revenue growth.

American-based construction company Lennar (LEN) missed its fiscal fourth quarter earnings expectations amid higher interest rates that are scaring homebuyers. Lennar Co-CEO Stuart Miller cites the housing market has "proved to be far more challenging as mortgage rates rose almost 100 basis points through the quarter." Now, the company — in addition to the broad homebuilding industry — faces a widespread issue with housing demand lessening compounded by affordability concerns. In the video above, Morning Brief hosts Seana Smith and Brad Smith give more insights into Lennar's fourth quarter performance. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. This post was written by Josh Lynch.

Wall Street Rebounds After Hawkish Fed Sparks Selloff

Sound Shore Management, an investment management firm, has released its investor letter for the third quarter of 2024. A copy of the letter can be downloaded here. The fund’s Investor Class (SSHFX) and Institutional Class (SSHVX) appreciated 6.70% and 6.74%, respectively, in the third quarter of 2024, outperforming 5.89% return for the Standard & Poor’s 500 […]

Olive Garden's owner stuns Wall Street with strong earnings, upbeat guidance, and sizzling same-store sales growth

Nike stepped in something, and it stinks. After decades of stellar sales and stock performance, the company has slipped into decline, and shares, which peaked above $175 just over three years ago, have collapsed to $77. “ Nike second derivative deterioration is a negative,” writes UBS analyst Jay Sole.

Micron Technology stock sank 17% in early trading Thursday after the semiconductor company issued disappointing guidance for its current quarter. Micron’s outlook was weak, though, missing quarterly revenue estimates by $1 billion. “While consumer-oriented markets are weaker in the near term, we anticipate a return to growth in the second half of our fiscal year,” Micron CEO Sanjay Mehrotra said in a news release.

The non-opioid breakthrough stumbles in mid-stage testing, sending Vertex shares into a free fall.

NORTHAMPTON, MA / ACCESSWIRE / December 19, 2024 / FedEx Corporation: FedEx helps veteran-led nonprofit Team Rubicon put the tools of recovery into disaster zones-and into the hands of disaster response volunteers. By Julie H. Case, Editor, Team Rubicon ...

Early trading is filling in some of the big holes dug in the stock market yesterday.