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Investment Thesis Lennar Corporation (NYSE:LEN) is a cyclical company. During the latest Housing Starts cycle from 2005 to 2022 (peak-to-peak), its revenue grew at 4.8 % CAGR. But this was due to a combination of 2.1% CAGR in Deliveries while unit selling price grew at 2.5% CAGR. Part of the…

The US Securities and Exchange Commission has taken aim at a broad swath of the cryptocurrency market, launching a pair of lawsuits against exchanges that together account for half of global trading in digital assets. The financial regulator on Tuesday sued Coinbase, the San Francisco-based exchange group, alleging it violated…

The pharmaceutical company Merck sued the US government Tuesday over a law passed last year that empowers Medicare to negotiate prices of certain medications. Merck claims that the provision, included in the Inflation Reduction Act, is unconstitutional and threatens to stifle the industry’s future investments in cancer treatments and other…

Orders for manufactured goods rose 0.4% in April, the Commerce Department said Monday. It is the fourth increase in factory-goods orders in the past five months. Economists surveyed by the Wall Street Journal were expecting a 0.6% rise. The gain was led by transportation equipment. Excluding that sector, orders were…

© Reuters. FILE PHOTO: People walk in front of a Lojas Americanas store in Brasilia, Brazil January 12, 2023. REUTERS/Ueslei Marcelino SAO PAULO (Reuters) – Brazil’s securities regulator has accused two former CEOs of retailer Americanas of failing to comply with information disclosure requirements following an investigation into the firm’s…

Investing.com – and are registering rises of between 1% and 1.5% this Monday with OPEC+ extending its agreement on crude supply restrictions through 2024 and Saudi Arabia announcing production cuts of 1 million barrels per day (bpd) to a total of 9 million bpd. In what can be considered the…

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