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The Latest Breaking News from Stuart Miller

CEO of $30 billion homebuilding empire sees ‘weaker-for-longer’ housing market as consumer confidence plummets

“Mortgage interest rates have remained higher-for-longer, which has left the overall housing market weaker-for-longer,” Lennar chairman and co-CEO Stuart Miller said in an earnings call.

Fortune

Co-CEOs at a $31 billion homebuilder share the title—but one makes millions more than the other

The two CEOs’ total compensation for fiscal 2024 was almost $55 million combined, Lennar’s recently filed proxy statement shows.

Fortune

This S&P 500 Stock Falls On Earnings Despite Expected Tailwind From Fed Rate Cuts

Lennar reported third-quarter earnings and revenue after the market closed Thursday.

Investors Business Daily

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Lennar Stock Falls On Soft Deliveries Outlook: What To Know

Lennar beat analysts' expectations for its fiscal second quarter but said it expects lower-than-anticipated deliveries in Q3. Here's what you need to know.

Kiplinger

Stock Market Rally Surges To 2023 Highs As Fed Pivots Toward Rate Cuts: Weekly Review

The Dow Jones hit a record high while the S&P 500, Nasdaq and Russell 2000 set 2023 highs as the Fed signaled multiple rate cuts next year.

Investors Business Daily

Warren Buffett's S&P 500 Housing Market Play Just Surprised Wall Street

Lennar reported better-than expected fiscal third-quarter earnings and revenue Thursday.

Investors Business Daily

‘A cop out’: staff condemn NSW parliament’s statement on cultural problems

Exclusive: ‘Statement of acknowledgment’ fails to recognise Indigenous, culturally diverse or LGBTQIA+ perspectives, say critics

The Guardian - AU

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Buyer’s remorse, agent bonuses take hold as higher interest rates change homebuying

Some of the nation’s largest homebuilders are lowering prices, providing discounts and pulling out of land deals as higher mortgage rates on top of already sky-high home prices continue to take a toll on buyer affordability.

Tribune News Service

MyHomecare Group offers aged care workers tickets in $10,000 lottery for working extra shifts

An aged care organisation's initiative to offer lottery tickets to staff working extra shifts is slammed by the union, which says staff need pay rises rather than extra incentives.

ABC News

Too little, too late: who will fix the home care crisis for Australia’s ageing population?

As aged care firms as a key election battleground, thousands are still dying each year waiting for home care packages

The Guardian - AU

‘This is my escape’: scenes from the Elvis festival that takes over a small town

Tens of thousands of Elvis fans descend on a regional Australian town each year, tripling its population – and flooding it with tribute artists

The Guardian - AU

Home aged care staff at ‘breaking point’, as most miss out on Coalition’s $800 bonus

Australia’s home aged care providers facing ‘abysmal’ turnover rates as rising stress and poor pay take their toll

The Guardian - AU

Major diesel rules coming 'at the worst possible time' as drivers call for a delay

Most sectors won't be able to use these red diesel and rebated biofuels from April.

People

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