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Lennar’s (LEN) asset-light strategy was intended to make the homebuilder more nimble. Bank of America also said it might complicate the earnings story. The brokerage restated its Underperform rating on Lennar, cutting its price target to $77 from $84 and reducing its profit projections after the homebuilder’s fiscal second quarter results. It wasn’t the quarter […]

Fewer than 1 in 20 U.S. households hold $1 million in their retirement accounts, even though most Americans treat that figure as the threshold for a comfortable retirement. Research from federal agencies and private firms continues to show that the typical household saves far less than the seven-figure threshold respondents themselves identify as necessary. The

Elon Musk just made his biggest bet yet on artificial intelligence. Days after SpaceX’s record-breaking stock market debut, the company confirmed it would acquire Anysphere, the San Francisco-based startup behind the popular AI coding tool Cursor, in a deal valued at $60 billion. The move puts SpaceX (SPCX) in direct competition with Anthropic and OpenAI

The company that ends up defining a new gadget is rarely the one that ships it first. Being first means being early, and being early means paying to teach everyone else why they should care. Smart glasses have lived in that expensive waiting room for years. Meta (META) turned camera-equipped Ray-Bans into the first real

Shipping a product people love and running a company that makes money are two different jobs. One earns applause. The other earns a line on the balance sheet, and the two rarely arrive in the same week. Rivian spent years selling the idea that it could become the next great American carmaker. Its trucks won

Target was once widely considered one of America’s leading destinations for affordable style at scale, helping popularize designer collaborations in mass retail and making trend-driven products more accessible to mainstream shoppers. By combining affordability with exclusive partnerships, the retailer built a distinct identity and strengthened long-term customer loyalty. But in recent years, Target’s position in

Meta CEO Mark Zuckerberg is admitting to missteps in a newly leaked memo, following the company’s significant workforce changes over the past year as it pours billions of dollars into developing artificial intelligence infrastructure.  These changes include Meta’s decision last year to axe roughly 3,600 jobs after Zuckerberg warned employees in a memo that he

Every month, Bank of America surveys some of the world’s largest institutional investors to build a picture of how professional money managers see the global economy. The latest edition of that survey landed with a specific number that stood out: Equity allocations had jumped to 50% overweight from 13% the prior month, the steepest single-month

TheStreet aims to feature only the best products and services. If you buy something via one of our links, we may earn a commission. Why we love this collection The official start to summer is almost here, and we’ve never been more ready to fully lean into the season. And what better way to give

Jeffrey Fleck, Executive Director of the West Virginia Consolidated Public Retirement Board discusses how West Virginia transformed its public pension landscape. In this conversation you’ll hear the history behind closing the Defined Contribution (DC) plan in 1991, reopening the Defined Benefit (DB) plan in 2005, and the large-scale transfer of members back to DB —