A few months after taking over from Warren Buffett , Greg Abel is making it clear he intends to put Berkshire Hathaway ‘s cash hoard to work. In the span of just a few days, Berkshire committed nearly $17 billion across two major transactions, agreeing to acquire homebuilder Taylor Morrison Home for $6.8 billion, excluding … Read more
Greg Abel, CEO of Berkshire Hathaway, meets with shareholders at the Berkshire Hathaway Annual Shareholders Meeting in Omaha, NE on May 1, 2026. David A. Grogan | CNBC Greg Abel‘s first major acquisition as Berkshire Hathaway CEO looks a lot like the kind of deal Warren Buffett would have made himself. Berkshire’s $6.8 billion purchase … Read more
The announcement of a megadeal between Berkshire Hathaway and top 10, publicly traded homebuilder Taylor Morrison Home came as a surprise to most in the industry. The consensus, however, is that it makes perfect sense and may signal optimism in a currently beleaguered housing market. Berkshire Hathaway agreed Sunday to acquire the nation’s sixth-largest publicly … Read more
Greg Abel, CEO of Berkshire Hathaway, speaks during the Berkshire Hathaway Annual Shareholders Meeting in Omaha, NE on May 2, 2026. CNBC Berkshire Hathaway agreed Sunday to acquire homebuilder Taylor Morrison Home in a $6.8 billion deal, deepening the conglomerate’s bet on the U.S. housing market after a prolonged downturn. The Omaha, Nebraska-based company will … Read more
Home Depot shares on Tuesday worked their way modestly higher after a down open on a quarterly update that was just OK and a status quo outlook. Revenue for the first quarter ended May 3 advanced 4.8% year over year to $41.77 billion, outpacing the $41.52 billion expected by LSEG. Earnings per share (EPS) declined … Read more
Homes in Rancho Cucamonga, California, US, on Saturday, May 9, 2026. Kyle Grillot | Bloomberg | Getty Images Growing concern over the trajectory of the war with Iran has bond yields rising and mortgage rates following suit. The average rate on the 30-year fixed loan rose 7 basis points Tuesday to 6.75%, according to Mortgage … Read more
Check out the companies making headlines before the bell: Home Depot — The home improvement retailer gained 0.6% after the company reported sales and profit beat expectations. Earnings of $3.43 per share, on an adjusted basis, exceeded the $3.41 per share analysts polled by LSEG were expecting. Revenue of $41.77 billion came in above the … Read more
Workers install roofing on a home under construction in Vacaville, California, US, on Thursday, June 26, 2025. David Paul Morris | Bloomberg | Getty Images Higher mortgage rates, rising gas prices and continued economic uncertainty over the war with Iran are all still weighing on potential homebuyers. Builders, however, are feeling slightly better about their … Read more
Citi is getting bullish on Lowe’s heading into next week’s earnings report. The bank upgraded the home improvement name to buy from neutral. It maintained its $285 price target on shares, suggesting 26% upside from Monday’s close. Lowe’s is scheduled to post first-quarter results May 20 before the bell. LSEG data shows that analysts overall … Read more
The Dow Jones Industrial Average declined Thursday as investors heeded President Donald Trump ‘s warning that the Iran war could last for several more weeks and as oil prices surged . Against that backdrop, certain names fell very far over the week. The market downturn put some stocks across the real estate, consumer staples, health … Read more