As the U.S. deployed decoy B-2 bombers west over the Pacific, military officials quietly sent a “strike package” east over the Atlantic to hit three nuclear facilities in Iran: Fordow, Natanz and Isfahan. In one night, the U.S. used three-quarters of its stockpile of GBU-57 “bunker buster” bombs in what President Trump called a “spectacular military success.” WSJ’s Shelby Holliday breaks down the Pentagon’s misdirection, equipment and weapons used in Operation Midnight Hammer. Chapters: 0:00 U.S. strikes on ...

Well before market open on Monday, Estée Lauder Companies (EL 4.84%) stock received a boost without the company even trying. An analyst upgraded his recommendation on the storied cosmetics company, and investors greeted the news by boosting its share price by nearly 5%. This was more than quintuple the percentage rate gain of the S&P 500 index on the day.Leaping from neutral to buyThe analyst doing the upgrading was Steve Powers from veteran international lender Deutsche Bank. Powers has had a change of vie ...

Financial Data and Key Metrics Changes - The company reported total revenues of $1.5 billion and diluted earnings per share of $1.5 for the second quarter, exceeding delivery expectations due to faster build times [7][30] - Gross margin was 19.7%, excluding inventory-related charges, which was above the guidance range [7][31] - Book value per share increased to nearly $59, reflecting a 10% year-over-year increase [7][40] Business Line Data and Key Metrics Changes - The company generated 3,460 net orders in the second quarter, with a monthly absorption pace of 4.5 net orders per community, down from 5.5 in the previous year [8][18] - Average selling price increased to approximately $489,000 year-over-year, despite mixed performance across regions [30][31] - Homebuilding operating income decreased to $131 million, with a margin of 9% [33] Market Data and Key Metrics Changes - The housing market outlook remains favorable long-term, driven by demographics and an undersupply of homes, but short-term consumer confidence is low due to economic uncertainties [6][12] - The company experienced a decline in net orders in April and May, attributed to rising mortgage rates and geopolitical tensions [6][15] - Active communities increased by 2% year-over-year, contributing to a backlog of 4,776 homes valued at $2.3 billion [18] Company Strategy and Development Direction - The company is focusing on optimizing assets to balance pace and price on a community-by-community basis, aiming for a built-to-order model to enhance customer choice and satisfaction [10][12] - A strategic shift towards reducing land investment spend was noted, with a focus on returning capital to shareholders through share repurchases [26][28] - The company plans to maintain approximately 250 active communities for the remainder of fiscal 2025, with a goal to return to a historical mix of built-to-order homes [12][25] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the need to adjust guidance for fiscal 2025 due to softer market conditions and lower net order results [13][34] - The company is committed to managing costs and improving build times, with expectations for a third-quarter average selling price between $470,000 and $480,000 [34][35] - The management expressed confidence in navigating current market conditions while supporting affordability for buyers [23][28] Other Important Information - The company repurchased $200 million of shares in the second quarter, with plans to repurchase an additional $100 million to $200 million in the third quarter [27][40] - The company maintained a strong balance sheet with total liquidity of $1.2 billion, including cash and available credit [38][39] - The average cash down payment from buyers remained stable at 16%, with a household income of about $136,000 [23] Q&A Session Summary Question: What steps is the company taking to reduce fixed overhead costs? - The company is adjusting headcount to align with new revenue projections and exploring various cost-saving measures to bring the SG&A ratio back below 10% [43][44] Question: What are the drivers behind the gross margin outlook? - The gross margin outlook was impacted by operating leverage, land costs, and regional mix, with construction cost reductions partially offsetting pricing pressures [46][48] Question: How does the company view the backlog and its implications for growth? - The company expects to grow the backlog and hit an inflection point, with strategies in place to optimize sales and deliveries [78][79] Question: How is the company addressing community delays and their impact on orders? - Community delays significantly impacted order pace, with management noting that they missed a couple of hundred sales due to these delays [60][61] Question: What is the company's strategy regarding pricing and incentives? - The company is focused on optimizing base prices rather than relying on incentives, aiming to provide transparent value to customers [86][88]

Key Highlights TSX Venture Exchange grants conditional approval for Matador’s Change of Business (“COB”) to a hybrid “Technology / Investment” issuer, subject to the Company satisfying the TSXV's requirements and conditions. Enables Matador to operate as a pure Bitcoin Ecosystem Company with a focus on holding, acquiring, and investing in Bitcoin and digital asset ventures, assuming that the Company obtains TSXV final approval of the COB. Unlocks ability to scale Bitcoin treasury strategy, deploy capital in ...

Key Takeaways NIKE expects Q4 revenues to fall 15% and EPS to drop 89% amid macro and lifestyle demand headwinds. China weakness, digital softness and margin pressure are key hurdles ahead of the June 26 earnings report. NKE's high costs and shrinking gross margin reflect ongoing restructuring and cost management efforts.NIKE Inc. (NKE) is slated to release fourth-quarter fiscal 2025 results on June 26. The leading sports apparel retailer is estimated to have witnessed year-over-year declines in the top a ...

FORT WORTH, Texas, June 23, 2025 (GLOBE NEWSWIRE) -- Lottery.com Inc. (NASDAQ: LTRY, LTRYW) (“Lottery.com” or “the Company”), a leading technology company transforming the intersection of gaming, sports and entertainment, announces that it has successfully executed an Amendment to its Stock Purchase Agreement with Generating Alpha Ltd., expanding the committed financing facility from $100 million to $300 million, while reducing the discount Generating Alpha receives saving the Company nearly $12 million ove ...

ab 20 June 2025 Global Research Global Inflation Strategy The Global Inflation Friday Optimistic on oil persistence, pessimistic on the economy There is nothing quite like a round of volatility in oil to shake up inflation linked markets. Trading betas aren't fit for big shocks, but neither are macro relationships. What you think about shock persistence and other feedback relationships matter just as much. And of course positioning may be revealed. What can we say? Interest Rates Global Giles Gale Strategis ...

If your investing strategy doesn’t impress your friends,it’s probably working. ...

$500M facility earmarked for the strategic accumulation of Bitcoin to serve as the Company’s primary reserve asset and for the funding of growth and general corporate purposes.The Company will grow its digital asset footprint beyond the recent BitPay relationship to unlock the crypto-native customer demographic. First 21 customers to purchase a vehicle with Bitcoin to receive $21,000 upgrade credit. KISSIMMEE, Fla. , June 23, 2025 (GLOBE NEWSWIRE) -- ECD Automotive Design, Inc. (NASDAQ: ECDA), the world’s l ...

Up To $425 Million In Total Proceeds Inclusive of Near-term Milestone Payments; $350 Million In Upfront Cash Retains Strategic Upside with Illumina Protein Prep Royalty Stream and Rights to Single SOMAmer Reagent Business Simplifies Operating Structure and Enables Achievement of Adjusted EBITDA Break-Even Cash & Cash Equivalents of At Least $550 Million Expected at Close to Fuel Inorganic Growth Strategy and Drive Long-Term Value Creation SOUTH SAN FRANCISCO, Calif., June 23, 2025 (GLOBE NEWSWIRE) -- Stan ...