Finance

Lennar (NYSE:LEN) Misses Q3 Sales Expectations

Lennar (NYSE:LEN) Misses Q3 Sales Expectations

Homebuilder Lennar (NYSE:LEN) missed Wall Street’s revenue expectations in Q3 CY2025, with sales falling 6.4% year on year to $8.81 billion. Its GAAP profit of $2.29 per share was 9.2% above anal...

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Lennar reports lower quarterly profit as affordability pressures weigh on home buyers

Lennar reports lower quarterly profit as affordability pressures weigh on home buyers

(Reuters) -Homebuilder Lennar reported a 46% decline in third-quarter profit and forecast fourth-quarter home deliveries below Wall Street estimates on Thursday, as inflationary pressures continu...

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How Intel’s Nvidia deal could help Intel’s next generation of chip manufacturing

How Intel’s Nvidia deal could help Intel’s next generation of chip manufacturing

By Stephen Nellis SAN FRANCISCO (Reuters) –Nvidia‘s deal with Intel could put the struggling chipmaker’s next-generation manufacturing technology on a stronger footing, even with...

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Nvidia spent over $900 million to hire Enfabrica CEO, license technology, CNBC reports

Nvidia spent over $900 million to hire Enfabrica CEO, license technology, CNBC reports

(Reuters) –Nvidia has spent over $900 million to hire Enfabrica CEO Rochan Sankar and other staff at the artificial intelligence hardware startup, and to license the company’s technol...

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SoftBank Vision Fund to lay off 20% of employees in shift to bold AI bets, source and memo say

SoftBank Vision Fund to lay off 20% of employees in shift to bold AI bets, source and memo say

By Krystal Hu (Reuters) -SoftBank Group will lay off nearly 20% of its Vision Fund team globally as it shifts resources to founder Masayoshi Son’s large-scale artificial intelligence bets in the ...

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