Latest Business News
Lennar: Fiscal Q3 Earnings Snapshot
MIAMI (AP) — MIAMI (AP) — Lennar Corp. (LEN) on Thursday reported fiscal third-quarter profit of $1.16 billion. The Miami-based company said it had net income of $4.26 per share. Earnings, adjusted for non-recurring gains, were $3.90 per share. The results beat...
China announces sanctions on US companies selling arms to self-ruled Taiwan
BEIJING (AP) — China on Wednesday announced sanctions on American companies selling arms to the self-ruled island of Taiwan, which Beijing claims as its own territory and threatens to annex by force. Chinese state media made the announcement, citing the Foreign Ministry, but gave...
No decision made by appeals court in elections betting case
WASHINGTON (AP) — Betting on U.S. elections remains on hold after a federal appeals court did not issue a decision Thursday in a case involving whether such bets should be allowed. The United States Court of Appeals for the D.C. Circuit heard an appeal by the U.S. Commodities and...
Apple begins testing AI software designed to bring a smarter Siri to the iPhone 16
Apple is giving more people the chance to test a software update that will implant artificial intelligence into its virtual assistant Siri and automate a variety of tedious tasks on the latest iPhone coming out Friday. The free update was made available Thursday to an audience that...
Wall Street soars to records as Dow leaps 500 in a rate-cut rally that swept the world
NEW YORK (AP) — Wall Street romped to records Thursday as a delayed jubilation swept markets worldwide following the Federal Reserve’s big cut to interest rates. The S&P 500 jumped 1.7% for one of its best days of the year and topped its last all-time high set in July. The...
Israel-Hamas war latest: Hezbollah leader says Israel crossed a `red line'
The leader of Lebanon's Hezbollah is promising to retaliate for deadly attacks on its communication devices after Israel's defense minister announced a “new phase” of the war. Hezbollah and the Israeli military traded new strikes over the border on Thursday. Fears are increasing...
California governor signs package of bills giving state more power to enforce housing laws
SACRAMENTO, Calif. (AP) — California cities will soon face more state scrutiny — and new penalties — for pushing back on housing and homeless shelter construction, according to a package of laws signed Thursday by Gov. Gavin Newsom. Newsom has been cracking down on what he...
This fund has launched some of the biggest names in fashion. It's marking 20 years
NEW YORK (AP) — Amid the curated electronic music, models’ cold stares and magazine editors lining the runway at New York Fashion Week this season, several designers felt a particular sense of urgency. In a little over a month, they will learn whether they have won of one of the...
23andMe directors resign as the CEO of the genetic-testing company seeks to take it private
NEW YORK (AP) — All of 23andMe's independent directors resigned from its board this week, a rare move that marks the latest challenge for the genetic-testing company. The resignations follow drawn-out negotiations with 23andMe CEO and co-founder Anne Wojcicki, who wants to take the...
Georgia jobless rate rises for a fourth month in August
ATLANTA (AP) — Georgia's unemployment rate rose for the fourth month in a row as more workers entered the workforce than could find jobs. The state's jobless rate grew to 3.6% in August, up from 3.4% in July and also above the 3.2% rate recorded in August 2023. The...
