(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,…
By Caroline Valetkevitch NEW YORK (Reuters) -The S&P 500 and Nasdaq edged lower on Wednesday as investors took profits in chipmaker stocks, while they braced for producer price data and further clues on the inflation trend ahead of next week’s Federal Reserve meeting. An index of semiconductors eased 2.5% after recent strong gains, but was…
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…
TEL AVIV (Reuters) – Israel will try to “flood” the Gaza Strip with humanitarian aid from a variety of entry points, the main military spokesman said on Wednesday as international pressure mounted to address the growing problem of hunger in the besieged enclave. After more than five months of war in Gaza, aid agencies have…
By Brendan Pierson (Reuters) – UnitedHealth Group has already been hit with at least six class action lawsuits accusing it of failing to protect millions of people’s personal data from last month’s hack of Change Healthcare, its payment processing unit, with more lawsuits likely to come. In a motion filed late on Tuesday in Washington,…
(Reuters) – Apparel maker Under Armour said on Wednesday that founder vwill return to the company as CEO, effective April 1. The company’s shares rose 6% to $8.26 after the bell. Plank founded Under Armour in 1996 and served as the company’s top boss till 2019. In January 2020, Plank was appointed as the company’s…
By Chuck Mikolajczak NEW YORK (Reuters) -A gauge of global stock markets edged lower and U.S. Treasury yields rose modestly on Wednesday, as investors looked to the next round of data on inflation and consumer health for clues on the direction of Federal Reserve policy. The S&P 500 fell slightly from its record close, weighed…
By Lucy Raitano LONDON (Reuters) – Corporate dividends globally hit an all-time high of $1.66 trillion in 2023, with record payouts by banks making up half of the growth, a report showed on Wednesday. On a worldwide basis, 86% of listed companies either increased dividends or maintained them, according to the quarterly Janus Henderson Global…
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…
(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…
