Federal Reserve Chair Jerome Powell adopted a hawkish stance during his Wednesday press conference after the December Fed meeting, sparking a market bloodbath as the New York session headed to the close. Although the Federal Reserve lowered interest rates by 0.25% to a range of 4.25%-4.5%, as widely anticipated, the updated economic projections suggest just two potential rate cuts in 2025 — down from four projected in September and fewer than the three anticipated by markets before the meeting.

MIAMI (AP) — Lennar Corp. LEN) on Wednesday reported fiscal fourth-quarter profit of $1.1 billion. The Miami-based company said it had profit of $4.06 per share.

Homebuilder Lennar (NYSE:LEN) missed Wall Street’s revenue expectations in Q4 CY2024, with sales falling 9.3% year on year to $9.95 billion. Its GAAP profit of $4.06 per share was 2.5% below analysts’ consensus estimates.

(Bloomberg) -- Micron Technology Inc., the largest US maker of computer-memory chips, tumbled in late trading after its revenue forecast missed projections by about $1 billion, hurt by sluggish demand for smartphones and personal computers.Most Read from BloombergNYPD Car Chases Are Becoming More Frequent — and More DangerousSales will be roughly $7.9 billion in the fiscal second quarter, which runs through February, the company said in a statement Wednesday. That compares with an average analys

(Bloomberg) -- Micron Technology Inc., the largest US maker of computer-memory chips, tumbled in late trading after its revenue forecast missed projections by about $1 billion, hurt by sluggish demand for smartphones and personal computers.Most Read from BloombergNYPD Car Chases Are Becoming More Frequent — and More DangerousSales will be roughly $7.9 billion in the fiscal second quarter, which runs through February, the company said in a statement Wednesday. That compares with an average analys

Lennar Corporation (NYSE: LEN and LEN.B), one of the nation's largest homebuilders, today reported results for its fourth quarter and fiscal year ended November 30, 2024. Fourth quarter net earnings attributable to Lennar in 2024 were $1.1 billion, or $4.06 per diluted share, compared to $1.4 billion, or $4.82 per diluted share in the fourth quarter of 2023. Excluding mark-to-market gains on technology investments, fourth quarter net earnings attributable to Lennar in 2024 were $1.1 billion, or

Investing.com -- Micron Technology Inc (NASDAQ:MU) shares fell 14% in extended trading on Wednesday after the chipmaker issued second-quarter guidance well below Wall Street expectations.

We recently published a list of the 12 Best News and Digital Media Stocks To Buy. In this article, we are going to look at where The Walt Disney Company (NYSE:DIS) stands against other news and digital media stocks to buy now. American Consumers and Digital Media Digital experiences comprise a significant part of consumers’ […]

Jabil exceeded Wall Street's targets in the first quarter despite dealing with two major hurricanes hitting its manufacturing facilities.

U.S. stocks sank to their second-worst loss of the year after the Federal Reserve signaled that it may deliver fewer interest rates cuts in 2025 than earlier thought. The Dow Jones Industrial Average sank more than 1,100 points, and the Nasdaq composite dropped 3.6%. The Nasdaq composite fell 716.37 points, or 3.6%, to 19,392.69.