Lennar Falls as Q3 Profit Halves to $284M and Margins Shrink
Lennar reported Q3 2026 net income of $284 million, down 52% YoY, as 6.8% mortgage rates forced builder incentives and squeezed gross margins to 15.8%.
Bruno M.
The Prime Rate Explained: How It Is Set and What It Moves
Learn what the prime rate is, how banks set it 300 basis points above the Fed funds rate, and how it directly affects credit cards, HELOCs, and loans.
May Mobility Inks $1.4B SPAC Deal: Inside the 12% PIPE
May Mobility agrees to go public at a $1.4B valuation via ACP Holdings SPAC, backed by a $120M 12% preferred PIPE structured for high-rate public markets.
J.B. Hunt Plunges 13%: $35M Cost Shock Triggers Q3 Profit Warning
J.B. Hunt shares sank 13.3% on Sept 16, 2026 after management warned Q3 profit will drop 5% to 10% sequentially due to diesel costs and driver onboarding.
Fed Floor System: How IORB and ON RRP Set Interest Rates
Discover how the Federal Reserve’s floor system controls interest rates using administered rates like IORB, the ON RRP facility, and the discount window.
Fed Hikes Rates to 4.00%: Bond Yields and Dot Plot Reaction
The Federal Reserve raised its policy rate 25 bps to 3.75%-4.00% in a 12-0 vote, lifting 2026 dot plot forecasts to 4.1% as Treasury yields hover near 5%.
Intel and SK Hynix Jump on Talks for US Memory Chip Fab Deal
Intel and SK Hynix shares jumped over 3% after reports revealed talks to manufacture memory chips at Intel’s Ohio fab, reshaping the US semiconductor footprint.
Price-Weighted vs. Market-Cap-Weighted: How Stock Indices Work
Learn how price-weighted and market-cap-weighted indices work, how the Dow Divisor functions, worked math examples, and the key distortions of each method.
American Savings Bank Prices $129M NYSE IPO at $16
American Savings Bank priced its upsized NYSE IPO at $16 per share, raising $128.9M in a rare 100% secondary bank listing under ticker ASBH.
Dow Drops 328 Points as 10-Year Yield Hits 5% and Oil Climbs
The Dow dropped 328.09 points to 52,093.11 on Sept. 15 as the 10-year Treasury yield hit 5.00% and crude oil surged above ahead of the Fed rate decision.