US homebuilder Lennar beats Q1 profit estimates amid sustained demand for new homes

(Reuters) -Lennar Corp reported first-quarter profits above Wall Street estimates on Wednesday, as historically low existing home supply led to sustained demand for new unit construction. The company delivered 16,798 homes in the quarter ended Feb. 29, a 23% jump from a year earlier. “Macroeconomic environment remained relatively consistent throughout the quarter,” said Stuart Miller,…

Read More

Yellen says US aims to ensure domestic EV maker success as China boosts exports

By David Lawder ELIZABETHTOWN, Kentucky (Reuters) -U.S. Treasury Secretary Janet Yellen on Wednesday said President Joe Biden’s administration is taking steps to ensure success of the domestic electric vehicle (EV) industry in the face of China’s growing exports in the sector and heavy government subsidies. Asked whether the United States needs new tariffs on Chinese…

Read More

Exclusive-Israeli tank strike killed ‘clearly identifiable’ Reuters reporter – UN report

By David Gauthier-Villars, Laila Bassam and Tom Perry ISTANBUL (Reuters) – An Israeli tank killed Reuters reporter Issam Abdallah in Lebanon last year by firing two 120 mm rounds at a group of “clearly identifiable journalists” in violation of international law, a U.N. investigation into the Oct. 13 incident has found. The investigation by the…

Read More

Trump Georgia election subversion judge dismisses some charges

(Reuters) -The judge in Donald Trump’s Georgia election subversion trial on Wednesday dismissed three criminal counts against the former U.S. president and three others against co-defendants, a court filing showed on Wednesday, while letting the overall case proceed. Fulton County Judge Scott McAfee decided that allegations by state prosecutors that Trump and his co-defendants tried…

Read More

US dollar drifts lower, market consolidates gains post-inflation data

By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) -The dollar slipped on Wednesday, a day after rising on hotter-than-expected U.S. inflation data, as investors consolidated gains ahead of this week’s economic data that could shed light on when the Federal Reserve might start cutting interest rates this year. In afternoon trading, the dollar index, which measures the…

Read More