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Hovnanian Enterprises Logs Loss on Higher Costs, Tighter Margins
WSJ· 2025-12-04 15:12
Core Insights - The home builder reported a significant decline in home-building gross margin percentage, which fell to 10.7% from 18% a year earlier [1] Summary by Category Financial Performance - Home-building gross margin percentage decreased to 10.7% compared to 18% in the previous year [1]
Jobless Claims Fell to New Recent Low Per Labor Department
WSJ· 2025-12-04 13:54
Core Insights - Newly filed unemployment claims dropped to the lowest level in three years, indicating a positive sign for the economy as it suggests that a significant surge in layoffs has been avoided through the first 11 months of the year [1] Economic Indicators - The Labor Department reported a decrease in unemployment claims, reflecting stability in the job market [1] - The drop in claims is seen as a reassuring signal for economic health, suggesting resilience in employment levels [1]
Brown-Forman Profit, Revenue Fall
WSJ· 2025-12-04 13:43
Brown-Forman reported lower profit in its second quarter as challenging headwinds weighed on revenue. ...
Kroger Swings to Quarterly Loss as Expenses Increase
WSJ· 2025-12-04 13:36
Kroger swung to a fiscal third-quarter loss as expenses increased, though the company said it continues to make progress on its strategic priorities. ...
European Automakers Shares Climb After Trump Commits to Relax Fuel-Economy Rules
WSJ· 2025-12-04 13:07
Renault, Porsche Holdings and Mercedes were among the automakers gaining after Trump said he plans to change rules that regulate how many miles vehicles must travel on a gallon of fuel. ...
TD Bank Pushes Up Dividend After Underlying Earnings, Revenue Beat Expectations
WSJ· 2025-12-04 13:06
Toronto-Dominion Bank lifted its dividend payout 2.9% after logging quarterly growth in fee and trading income and domestic-banking volume, which helped counter a hit from restructuring and other char... ...
He Was Caught Up in the Financial-Crisis Firestorm. Now He Oversees HSBC.
WSJ· 2025-12-04 12:39
Core Viewpoint - KPMG's financial-services practice is under scrutiny due to the U.K. lender bailouts during Brendan Nelson's leadership [1] Group 1 - The scrutiny faced by KPMG is a result of the financial challenges and bailouts experienced by U.K. lenders [1]
Dollar General Lifts Outlook as Quarterly Profit, Sales Rise
WSJ· 2025-12-04 12:25
Dollar General lifted its outlook for the year as it logged higher profit and sales in its third quarter, boosted by market share gains across both consumable and non-consumable categories. ...
Hormel Expects Better Earnings Next Year
WSJ· 2025-12-04 11:54
Core Insights - Hormel Foods reported higher sales in its fiscal fourth quarter, indicating a positive trend in revenue generation despite challenges [1] - The company experienced a loss during the quarter, highlighting ongoing profitability pressures primarily due to cost inflation [1] Financial Performance - The fiscal fourth quarter saw an increase in sales for Hormel Foods, but the company still faced a loss [1] - Profitability remains under pressure, which is attributed to persistent cost inflation affecting the company's financial health [1]
EU Opens Antitrust Probe Into Meta Platforms Over WhatsApp AI Policy
WSJ· 2025-12-04 11:04
Core Point - The European Commission has initiated an antitrust investigation into Meta Platforms regarding its rules that may restrict AI developers' access to WhatsApp, potentially harming competition [1] Group 1 - The investigation focuses on whether Meta's policies create barriers for AI developers [1] - The outcome of this investigation could have significant implications for Meta's operations and its competitive landscape in the AI sector [1]