KEY TAKEAWAYS Shares of Lennar are falling in premarket trading Friday, as the home builder’s warning of a weak housing market offset better-than-estimated quarterly results. Co-Chief Executive Officer Stuart Miller said high interest rates and inflation, as well as declining consumer confidence and a limited supply of affordable homes are weighing on consumer’s ability to access
KEY TAKEAWAYS London’s Heathrow Airport, one of the world’s busiest, closed for the day Friday following a fire at a nearby substation that caused a power outage. The airport operator said that the hub would remain closed until 11:59 p.m. local time (07:59 p.m. ET) on Friday. The closure has caused widespread disruption, with more
KEY TAKEAWAYS Nvidia could spend “several hundred billion” dollars on chips and other electronics to be made in the U.S. over the next four years, CEO Jensen Huang said in an interview with the Financial Times. Nvidia announced plans to launch its Blackwell ultra chips at its GTC conference earlier this week, as well as
Matthias Balk / picture alliance via Getty Images KEY TAKEAWAYS Shares of Intel, Monday’s biggest Nasdaq gainer, are extending their increases in premarket trading as CEO Lip-Bu Tan begins his role at the helm of the struggling chipmaker. Tan is replacing Pat Gelsinger, who retired late last year after failing to turn around the company.
Published March 17, 2025 06:37 AM EDT Thomas Fuller / SOPA Images / LightRocket via Getty Images KEY TAKEAWAYS Fintech firm Klarna Group has filed its prospectus for a U.S. initial public offering, moving ahead with plans to list even as recession fears rattle the stock market. The company, founded in Sweden and redomiciled to
Published March 13, 2025 10:29 AM EDT President Donald Trump addresses a joint session of Congress at the U.S. Capitol on March 4, 2025. Andrew Harnik / Getty Images KEY TAKEAWAYS President Donald Trump threatened to enact a 200% tariff on European wine, champagne and other alcoholic beverages, a day after the European Union announced
Updated March 10, 2025 11:36 AM EDT An Rong Xu / Bloomberg via Getty Images KEY TAKEAWAYS Taiwan Semiconductor Manufacturing Co. said Monday that its combined revenue for the first two months of 2025 jumped 39% year-over-year, as demand continues for its artificial intelligence chips. The U.S.-listed shares of the company, which supplies tech heavyweights such as
KEY TAKEAWAYS Redfin shares are surging 70% Monday after mortgage giant Rocket Companies announced it was buying the digital real estate brokerage in an all-stock deal valued at $1.75 billion. Shares of the Detroit-based Rocket are down 14%. Rocket said the transaction values Redfin shares at $12.50 each and “connects Redfin’s nearly 50 million monthly
KEY TAKEAWAYS Redfin shares are surging 75% in premarket trading Monday after mortgage giant Rocket Companies announced it was buying the digital real estate brokerage in an all-stock deal valued at $1.75 billion. Shares of the Detroit-based Rocket are down 11%. Rocket said the transaction values Redfin shares at $12.50 each and “connects Redfin’s nearly
Published March 07, 2025 12:45 PM EST Smith Collection / Gado / Getty Images Key Takeaways CooperCompanies shares fell Friday, a day after the maker of consumer medical equipment posted worse-than-expected quarterly sales. The decline in CooperCompanies’ shares to their lowest point since November 2023 came even as the company raised its full-year earnings outlook.