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Fed cuts its key rate while a more its cautious outlook pummels stocksIndian Supreme Court weighs Kashmir freedom struggle leader Yasin Malik's trial amid security concernsNone

FLORHAM PARK, N.J. (AP) — New York Jets running back Breece Hall could play Sunday at Jacksonville after missing a game with a knee injury. Hall has been dealing with a hyperextension and injured MCL in his left knee that sidelined him last Sunday at Miami. But he was a full participant at practice Friday after sitting out Wednesday and Thursday. Hall was officially listed as questionable on the team's final injury report. “He looks good right now,” interim coach Jeff Ulbrich said. “So it’s promising.” Hall leads the Jets with 692 yards rushing and four touchdown runs, and he also has 401 yards receiving and two scores on 46 catches. A pair of rookies helped New York offset Hall's absence last weekend, with Braelon Allen rushing for 43 yards on 11 carries, and Isaiah Davis getting 40 yards on 10 attempts and scoring his first rushing touchdown. “We’re hopeful and we’ll see how it goes,” Ulbrich said of Hall. The Jets will get star cornerback Sauce Gardner back after he missed a game with a hamstring injury, but New York's secondary appears likely to be without cornerback D.J. Reed because of a groin injury. Reed was listed as doubtful after he didn't practice Thursday or Friday. “It’s been something that’s kind of lingered here and there,” Ulbrich said. “It’s gotten aggravated and then it went away, and then it got aggravated again. So, it’s just dealing with that.” Backup Brandin Echols is out with a shoulder injury, so veteran Isaiah Oliver or rookie Qwan'tez Stiggers could get the start opposite Gardner if Reed can't play. Kendall Sheffield also could be elevated from the practice squad for the second game in a row. Ulbrich said kick returner Kene Nwangwu will be placed on injured reserve after breaking a hand last weekend at Miami. The injury came a week after he was selected the AFC special teams player of the week in his Jets debut, during which he returned a kickoff 99 yards for a touchdown and forced a fumble in a loss to Seattle. “To put him out there with a broken hand, just thought it’d be counterproductive for him and for us as a team, so it unfortunately cuts the season short and what a bright light he was,” Ulbrich said. “What an amazing future I think he has in this league. With saying that, he’s already been a really good player for quite a while, so (it's) unfortunate, but he’ll be back.” Offensive lineman Xavier Newman (groin) is doubtful, while right guard Alijah Vera-Tucker (ankle) and RT Morgan Moses (wrist) are questionable. AP NFL: https://apnews.com/hub/NFLFirst Lady Jill Biden may have had a hand in getting the president to pardon her son Hunter Biden: “There was clearly pressure within the family,” said Jeff Zeleny, CNN’s chief national affairs correspondent. PUBLICIDAD "They really told us in the last few weeks that Dr. Jill Biden, First Lady Jill Biden, was very supportive of the president doing something like this," he added. According to Zeleny, Biden "was not sure" about granting the pardon and suggested that he may have felt pressured by his wife, the First Lady. PUBLICIDAD Jill influenced Joe Biden "Of course, I support the pardon of my son," said Jill Biden to journalists at the White House. Jill is known for being one of the most influential first ladies to have stepped foot in the White House in the last 100 years. During Biden's presidency, Jill has had the reputation of controlling certain situations to protect Joe from the press. Although she influenced her husband to pardon Hunter, Jill has a difficult relationship with her stepson. Hunter, 54, referred to his stepmother as a "b***h with entitlement" and a "vindictive idiot" in text messages found on his laptop. Hunter Biden is guilty Hunter pleaded guilty in September to nine charges related to $1.4 million in unpaid taxes, but had previously also been convicted of three federal charges related to firearms because he used firearms while addicted to illegal drugs. On December 12th, he was supposed to receive a sentence for the tax case, but his father intervened before handing over his mandate. Biden said he issued the pardon because he felt that Hunter was being "prosecuted selectively and unfairly." “I have admitted and taken responsibility for my mistakes during the darkest days of my addiction, mistakes that have been exploited to humiliate and shame me and my family publicly for political purposes,” said Hunter Biden in a statement.

Empowered Funds LLC purchased a new stake in iShares Silver Trust ( NYSEARCA:SLV – Free Report ) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 28,919 shares of the exchange traded fund’s stock, valued at approximately $822,000. A number of other large investors also recently made changes to their positions in the stock. AlphaMark Advisors LLC boosted its stake in iShares Silver Trust by 57.2% during the 2nd quarter. AlphaMark Advisors LLC now owns 1,022 shares of the exchange traded fund’s stock worth $27,000 after acquiring an additional 372 shares during the last quarter. Spartan Fund Management Inc. bought a new position in shares of iShares Silver Trust during the third quarter worth $28,000. Triad Wealth Partners LLC acquired a new position in shares of iShares Silver Trust in the 2nd quarter valued at $29,000. Jamison Private Wealth Management Inc. bought a new stake in shares of iShares Silver Trust in the 3rd quarter valued at $31,000. Finally, Strategic Financial Concepts LLC acquired a new stake in iShares Silver Trust during the 2nd quarter worth $32,000. iShares Silver Trust Trading Up 1.5 % SLV stock opened at $28.47 on Friday. iShares Silver Trust has a 1-year low of $20.07 and a 1-year high of $31.80. The firm has a market cap of $13.36 billion, a PE ratio of -7.01 and a beta of 0.43. The business’s 50-day moving average price is $28.99 and its two-hundred day moving average price is $27.60. About iShares Silver Trust iShares Silver Trust (the Trust) owns silver transferred to the Trust in exchange for shares issued by the Trust. The Trust’s each share represents a fractional undivided beneficial interest in its net assets. The assets of the Trust consist of silver held by the Trust’s custodian on behalf of the Trust. Recommended Stories Want to see what other hedge funds are holding SLV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares Silver Trust ( NYSEARCA:SLV – Free Report ). Receive News & Ratings for iShares Silver Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares Silver Trust and related companies with MarketBeat.com's FREE daily email newsletter .

With an important regular-season finale ending a short week, Mississippi has watched its dreams shift from national success to perhaps something it certainly did not want on Thanksgiving weekend: An Egg Bowl that holds only regional significance and statewide bragging rights. After their third and disappointing defeat, the No. 14 Rebels will play Friday afternoon in their annual Egg Bowl matchup against rival Mississippi State in the intrastate series in Oxford, Miss. It will not be easy putting aside the catastrophic 24-17 loss at Florida last Saturday, a soul-crushing setback that all but ended any College Football Playoff aspirations for the most talented Rebels team assembled in a long time. Coach Lane Kiffin's team slid five spots to 14th in the latest CFP rankings. The offseason outlook was rosy when Ole Miss (8-3, 4-3 SEC) shelled out big NIL money and added the top portal class to fill a roster that won 11 games in 2023. But the Rebels repeatedly shot themselves in the foot Saturday against the Gators. Ole Miss' high-powered offense turned the ball over three times, went 3 of 14 on third down, failed on two fourth-down attempts, dropped five passes and missed a field goal. Before the game, ABC's broadcast noted that the Rebels had an 84 percent chance to make the CFP. Following the loss, that number dwindled to four percent. The only way the Oxford school gets in is if there is the repeated chaos of Week 13, one that talk show host Paul Finebaum called "the most SEC carnage" he had ever seen. The Egg Bowl has been played on Thanksgiving Day 23 times, including 2017 to last season, but Kiffin feels the afternoon start on Friday is an advantage. "It helps them to know that playoffs are still alive and they get kind of the first shot to show everybody on a national stage," Kiffin said Monday, "as opposed to a Saturday game where these people that make the decisions don't necessarily see all the games because so many are going on." For the second time this month, Mississippi State coach Jeff Lebby will lead his last-place Bulldogs (2-9, 0-7) against a former boss. The 40-year-old head coach faced Tennessee and coach Josh Heupel, who had Lebby on his staff at UCF in 2018 and 2019, in a 33-14 loss on Nov. 9. Now he will face Kiffin, whom he was paired with in 2020 and 2021 in their first two seasons at Ole Miss when the school led the SEC in total offense. A frequent social media user who enjoys trolling others, Kiffin took a jab at Lebby and Mississippi State when the first-year coach was hired. "We've traded texts throughout the season and had communication," Lebby said Monday. "But no, not this week. He'll continue to find ways to have fun on social. That's who he's always been and who he'll always be." Ole Miss owns a 65-46-6 series advantage and has claimed five of the past seven matches, including a 35-3 "Egg Brawl" victory by the Bulldogs in 2018 that was later vacated. Another loss to the Rebels would give MSU its first winless SEC season since 2002. --Field Level Media(The Center Square) – Although it remains unclear how many Democratic Senators will vote for the 2025 National Defense Authorization Act, some House members in the party have explained why they voted yes, despite a controversial provision restricting military-funded transgender surgeries for minors. The nearly $900 billion bill passed the House 281-140 Wednesday, with 200 Republicans and 81 Democrats voting in favor versus 124 Democrats and 16 Republicans voting against it. Most of the NDAA consists of bipartisan agreements, such as pay raises for service members, strengthened ties with U.S. allies, and funding of new military technology. But a critical point of contention is a Republican addition that would prohibit the military’s health program from covering any gender dysphoria treatments on minors that could "result in sterilization.” The must-pass bill is so critical that nearly 40% of House Democrats voted in favor–but not without expressing their disappointment. Rep. Chrissy Houlahan, D-Pa., condemned Republican colleagues who, she said, “chose to sully this bill with political culture wars;” nevertheless, she voted in favor. “While it doesn't address everything we asked for and consider important, including the full ability of parents to make their own decisions about healthcare for their children, it marks a rare moment of productive bipartisan agreement on what is arguably the most crucial legislation we take up as a body each year,” Houlahan said. The bill’s provision does not forbid service members’ children from receiving transgender therapy. It forbids the military’s health insurance provider, TRICARE, from covering treatments on minors that “may result in sterilization.” Reps. Greg Landsman, D-Ohio, and Terri Sewell, D-Ala., also voted in favor of the bill despite their displeasure at the ban. “The NDAA is a hugely important bill. We had to pass it, which is why I voted yes,” Landsman posted on X Friday. “However, the anti-trans language that was attached to it was mean and awful and should never have been included.” “I have serious concerns about some remaining provisions that were placed in the bill for political purposes,” Sewell said Wednesday. “Still, the responsibility to support our service members and provide for our national security is one that I do not take lightly, which is why I ultimately chose to support the bill.” Besides the importance of annual military funding, another reason some House Democrats assented to the legislation is because they were successful in axing other House Republican amendments, such as a plan to eliminate reimbursements for service members who travel to obtain abortions. The Senate is expected to pass the bill within the next few days, after which President Joe Biden is expected to sign it into law.

Burleigh County Auditor/Treasurer Mark Splonskowski is accused of violating federal law and county policy by sending a text message while at work urging voters to oppose a county commissioner candidate, according to findings from an internal investigation. Meanwhile, Splonskowski has been cleared of an allegation that he potentially created a hostile work environment in his office. Splonskowski on Tuesday did not immediately respond to an email and phone call from the Tribune requesting comment. County State’s Attorney Julie Lawyer on Monday night presented the findings of the investigation into the County Auditor/Treasurer's Office. She also said Splonskowski failed to comply with the internal investigation by refusing to turn over text messages subject to state open records laws. The investigation was launched by Lawyer's office following a complaint about a series of text messages that were a potential violation of the federal Hatch Act . The complaint said that Splonskowski sent a message to 66 people urging them not to vote for Burleigh County Commissioner Brian Bitner in the November general election. Lawyer said the message also violated Burleigh County policy, which prohibits employees from engaging in political activities while at work. She said the text was sent on Tuesday, Oct. 8, around 11:55 a.m. "‘I’m just letting you know from the perspective of being the County Auditor for a year and a half, please do not vote for Brian Bitner for County Commissioner. If you want more details as to why, let me know. Also, let your friends know too. Thanks," the text message read, according to Lawyer. The Hatch Act is a federal law that prohibits certain political activities for government employees. While the law typically applies to federal employees, it also covers local officials working in the executive branch of a government agency that receives federal grants or loans. Lawyer believes that Splonskowski's role as county auditor/treasurer falls under this definition. If a Hatch Act violation is suspected, the case is referred to the Office of Special Counsel (OSC), a federal agency, for investigation. If a violation is confirmed, the OSC can demand the employee’s termination. However, Lawyer said Splonskowski cannot be terminated because he is an elected official. A Hatch Act violation is considered a civil offense. Instead, the county could be required to forfeit a portion of its federal grants and loans, up to two years' worth of the auditor’s salary. Splonskowski made an annual salary of $102,876 in 2024 and is set to make $111,238 in 2025. "The Hatch Act prohibits a state or local officer or employee from using his or her official authority or influence for the purpose of interfering with or affecting the result of an election or nomination for office. And that's exactly what this text message did," Lawyer told the County Commission on Monday. Splonskowski was first elected to his post in November 2022. At the time, he was on the Bismarck City Commission, which he resigned from in March 2023 after Lawyer expressed concerns of conflict of interest if he served in both positions. Last year, Splonskowski filed a federal lawsuit challenging the constitutionality of state law when it comes to accepting mail-in ballots after Election Day. That case was dismissed in February. The investigation The county investigation began on Oct. 15, the same day former Burleigh County Election Coordinator Lisa Hart resigned , just weeks before the general election. Two days later, a memo from County Human Resources Director Pamela Binder detailed a phone call with Hart following her resignation. In the memo, Binder stated she believed there was a valid case for a formal hostile work environment investigation in the Auditor's Office. As part of the investigation into the potential Hatch Act violation, Lawyer's office also examined the possibility of a hostile work environment. That separate investigation found no evidence to support such claims. Lawyer said that during the Hatch Act investigation, Splonskowski refused to comply with an open records request seeking communications between him and Brian Bitner, as well as the 66 text messages that initiated the probe. Lawyer noted that employees can be terminated if they fail to comply with an internal investigation, but Splonskowski's elected status made termination not an option. Lawyer said that Splonskowski did provide messages between him and Hart that were requested as part of the investigation. "Splonskowski did indicate to me that he did not believe that his personal opinion sent on his personal phone met the criteria of an open record, despite the fact that he sent them as the county auditor," Lawyer said. Splonskowski also maintained during the investigation that the Hatch Act did not apply to him because he is an elected official, Lawyer said. Recommendations Lawyer recommended that Splonskowski attend elections training through the Secretary of State’s Office to ensure Hatch Act compliance. She also recommended remedial training on open records and meetings. Commissioner Steve Schwab pressed Splonskowski on whether he would attend the courses. Splonskowski replied, "I'm all for education ... I would be happy to take any education that you'd like me to take, whether I agree with you or not." "Well, do you agree?" Schwab asked. "I would be happy to take any education that you would like me to take," Splonskowski repeated. Splonskowski has previously skipped training meetings, such as several election training meetings during the 2024 election cycle. Fargo Forum columnist Rob Port in October reported that of 29 voluntary training sessions held by the Secretary of State's Office since Nov. 17, 2023, Splonskowski attended just seven. Splonskowski told Port that his reason for missing election meetings was that he was busy with other duties such as the county budget, and that his office was dealing with a workload increase without an increase in staff size. The commission voted 4-0 on Monday to table the discussion of next steps following the investigation until its Dec. 16 meeting. Bitner recused himself from both the discussion and the vote. Commissioner Wayne Munson said: "The only thing I can offer at this point is it's pretty damn disappointing. We're sitting here talking about this, and it's just wrong. I don't know what else to say, I'm just dumbfounded." Reach Zachary Weiand at 701-250-8264 or zachary.weiand@bismarcktribune.com . Get Government & Politics updates in your inbox! Email notifications are only sent once a day, and only if there are new matching items.Flowserve Corp. stock outperforms competitors on strong trading dayOAKLAND, Calif. , Dec. 2, 2024 /PRNewswire/ -- On November 29, 2024 , PG&E Corporation (NYSE: PCG) declared its fourth-quarter 2024 regular cash dividend of $0.025 per share on the Corporation's common stock. The dividend is payable on January 15, 2025 , to shareholders of record as of December 31, 2024 . In addition, PG&E Corporation's utility subsidiary, Pacific Gas and Electric Company (PG&E), declared the regular preferred stock dividend for the three-month period ending January 31, 2025 , to be payable on February 15, 2025 , to shareholders of record as of January 31, 2025 . PG&E will pay dividends on its eight series of preferred stock as follows: First Preferred Stock, $25 Par Value Quarterly Dividend to be Paid Per Share Redeemable 5.00 % $0.31250 5.00% Series A $0.31250 4.80 % $0.30000 4.50 % $0.28125 4.36 % $0.27250 Non-Redeemable 6.00 % $0.37500 5.50 % $0.34375 5.00 % $0.31250 About PG&E Corporation PG&E Corporation (NYSE: PCG) is a holding company headquartered in Oakland, California . It is the parent company of Pacific Gas and Electric Company, an energy company that serves 16 million Californians across a 70,000-square-mile service area in Northern and Central California . For more information, visit http://www.pgecorp.com . View original content to download multimedia: https://www.prnewswire.com/news-releases/dates-set-for-pge-quarterly-stock-dividends-302319353.html SOURCE PG&E Corporation

DPRK must cease its support for Russia’s illegal war in Ukraine: UK statement at the UN Security CouncilAccording to the budget, defence spending has been allocated ZiG18 billion, dwarfing investments in health (ZiG28.3 billion) and education (ZiG46.6 billion). This has raised concerns among opposition leaders, who argue that such militarisation does not advance the country’s development goals, particularly at a time when citizens are struggling with food insecurity and collapsing services. Welshman Ncube, leader of a faction of opposition Citizens Coalition for Change (CCC), noted that the budget reveals glaring contradictions, misplaced priorities, and an alarming disconnect from the realities facing ordinary Zimbabweans. The government has projected a 6% GDP growth for 2025, hinging on “normal to above-normal rainfall” and macroeconomic stability. However, the former cabinet minister has argued that this optimism “ignores the deep-seated structural challenges in the economy, including unsustainable public debt now standing at US$21.1 billion”. “The government projects a 6% GDP growth for 2025, hinging on normal to above-normal rainfall and macroeconomic stability. “Yet, this optimism ignores the deep-seated structural challenges in our economy—unsustainable public debt now standing at US$21.1 billion, weak institutions, and an economic environment marred by inflationary pressures and governance failures,” he stated. “Defence spending is prioritised with an allocation of ZiG18 billion, dwarfing investments in critical sectors like agriculture, health, and education. “At a time when citizens struggle with food insecurity and collapsing services, how does such militarization advance our development goals? Resilience cannot be built on fear—it requires investment in people.” Corban Madzivanyika, Mbizo MP, described the budget’s claim of achieving 6% economic growth while implementing austerity measures as a “glaring contradiction” that will only serve to exacerbate the suffering of the most vulnerable citizens. “The proposed budget’s claim of achieving 6% economic growth while implementing austerity measures is a glaring contradiction that will only serve to exacerbate the suffering of our most vulnerable citizens,” Madzivanyika said. “Austerity measures, characterised by tough fiscal and monetary policies, have been widely discredited as a recipe for economic stagnation, rising inequality, and social unrest. “It is nothing short of economic malpractice to pursue policies that will inevitably lead to reduced government spending, higher taxes, and increased interest rates, all of which will suffocate economic activity and crush any hopes of achieving the touted 6% growth rate. “We urge the government to reconsider this flawed budget and instead prioritize policies that promote economic stimulus, social welfare, and inclusive growth. “This can be achieved by investing in critical sectors such as education, healthcare, and infrastructure, while also implementing progressive taxation policies that address income inequality and promote social justice. “Anything less would be a betrayal of the public’s trust and a recipe for economic disaster.” The budget has also introduced new revenue measures, including a 10% withholding tax on betting winnings, a Fast Foods Tax, and taxes on the emerging sector. However, these measures have been criticised for targeting an overburdened populace without addressing corruption, a cancer that siphons billions from public coffers. Finance Minister Mthuli Ncube has justified the budget, arguing that it aims to provide economic relief and support key sectors. He has also offered token relief on tax-free income threshold, Capital Gains Tax on Marketable Securities, and VAT deferment on energy sector, among other measures.Some elite US universities favor wealthy students in admissions decisions, lawsuit alleges

Sindh govt announces holidays on Dec 25, 26 Notification says holiday was announced on December 26 for Christian employees for Christmas KARACHI: The Sindh government on Friday announced a public holiday in all government offices on December 25 on account of Quaid-e-Azam Muhammad Ali Jinnah’s birth anniversary, a Geo News report said. A notification was also issued by the provincial government in this regard, wherein a holiday was announced on December 26 for Christian employees in connection with Christmas. The founder of Pakistan’s birth anniversary is celebrated by the nation with great enthusiasm and devotion. The day will dawn with gun salutes in the federal and provincial capitals after which a graceful changing of the guards’ ceremony will be held at the Quaid-e-Azam’s mausoleum in Karachi. Official ceremonies and events will be scheduled throughout the country to pay tribute to the Quaid’s life, political struggles, and significant role in the creation of Pakistan. Special programmes have been arranged by various social, political, and non-governmental organisations and forums across the country.

LANDOVER, Md. (AP) — Austin Seibert missed his second extra point of the game with 21 seconds left after Jayden Daniels and Terry McLaurin connected on an 86-yard touchdown, Juanyeh Thomas returned the ensuing onside kick attempt for a touchdown and the Dallas Cowboys pulled out a 34-26 victory Sunday that extended the Washington Commanders’ skid to three games. Seibert, who missed the previous two games with a right hip injury, was wide left on the point-after attempt following a low snap. Thomas then took the kick back 43 yards as the Cowboys (4-7) ended their losing streak at five in improbable fashion. Part of that was the play of backup Cooper Rush, who threw for 247 yards and two TDs in his third start in place of starter Dak Prescott. Part was also the defense forcing two turnovers, as Chauncey Golston ripped the ball out of Brian Robinson Jr.’s hands for what was called an interception of Daniels in the second quarter, and Donovan Wilson stripped John Bates midway through the fourth. KaVonte Turpin provided the fireworks with a spinning, 99-yard kickoff return TD seconds after Daniels found Zach Ertz in the end zone and scored on a 2-point conversion to cut the deficit to three with 3:02 left. In the final three minutes alone, the Commanders (7-5) scored 10 points and allowed Thomas’ TD. All that after the score was 10-9 through three quarters before madness ensued. CHIEFS 30, PANTHERS 27 CHARLOTTE, N.C. (AP) — Patrick Mahomes threw for 269 yards and three touchdowns , Spencer Shrader kicked a 31-yard field goal as time expired and Kansas City beat Carolina to reach double-digit wins for the 10th straight season. Noah Gray caught two TD passes as the Chiefs (10-1) bounced back from last week’s 30-21 loss at Buffalo and won at the buzzer yet again in a season of narrow escapes. DeAndre Hopkins also had a touchdown catch for the two-time defending Super Bowl champions, who scored on their first five possessions. Bryce Young finished 21 of 35 for 262 yards and a touchdown for the Panthers (3-8), who had their two-game winning streak snapped. David Moore had six receptions for 80 yards and a touchdown. Trailing 27-19, Young completed a fourth-down pass to Adam Thielen to move the chains, then went deep for the veteran receiver, who drew a pass-interference penalty on Chamarri Conner. That set up a 1-yard touchdown run by Chuba Hubbard. LIONS 24, COLTS 6 INDIANAPOLIS (AP) — Jahmyr Gibbs rushed for two scores and David Montgomery added a third touchdown run, leading Detroit to a victory over Indianapolis. Gibbs finished with 21 carries for 90 yards as the Lions (10-1) extended their league-high winning streak to nine straight. Detroit has its been 11-game record since the franchise’s inaugural season in 1934. Jared Goff continued his sensational season, too, completing 26 of 36 throws for 269 yards. The Colts (5-7) lost their second straight home game and for the fourth time in their past five games. Anthony Richardson was 11 of 28 with 172 yards while rushing 10 times for 61 yards. While Indy managed to hold the NFL’s highest-scoring offense largely in check Sunday, it was doomed by its inability to finish drives with touchdowns. BUCCANEERS 30, GIANTS 7 EAST RUTHERFORD, N.J. (AP) — Baker Mayfield catapulted into the end zone on a spectacular 10-yard scramble for one of Tampa Bay’s four rushing touchdowns, and the Buccaneers beat the Giants and new starting quarterback Tommy DeVito, snapping a four-game losing streak and extending New York’s skid to six. The Giants’ decisions this week to bench and then release quarterback Daniel Jones did nothing to help the NFL’s lowest-scoring offense. DeVito threw for 189 yards, mostly in the second half with New York well on its way to its sixth straight loss at home, where it is winless. Meanwhile, the Buccaneers dominated in every phase in a near-perfect perfect performance that featured TD runs of 1 yard by Sean Tucker, 6 yards by Bucky Irving and 1 yard by Rachaad White. After recent losses to the Ravens, 49ers and Chiefs, Tampa Bay (5-6) moved within one game of idle Atlanta in the NFC South. Tampa Bay scored on five of its on first six possessions to open a 30-0 lead, and none was more exciting than Mayfield’s TD run with 12 seconds left in the first half. On a second-and-goal from the 10, he avoided pressure and went for the end zone. He was hit by Cor’Dale Flott low and Dru Phillips high around the 2-yard line, and he was airborne when he crossed the goal line. The ball came loose when he hit the turf but he jumped up and flexed — seemingly mocking DeVito’s go-to celebration — as the Bucs took a 23-0 lead. DOLPHINS 34, PATRIOTS 15 MIAMI GARDENS, Fla. (AP) — Tua Tagovailoa threw for 317 yards and four touchdowns, including two scores to running back De’Von Achane, and Miami routed New England. The Dolphins (5-6) have a thin margin for error the rest of the season but have kept themselves afloat with a three-game winning streak. With their win at New England (3-9) in Week 5, the Dolphins have swept their division rivals in consecutive seasons for the first time since 1999-2000. Tagovailoa, who moved to 7-0 in his career against New England, entered the game with a league-high 73.4% completion rate and went 29 for 40. Backup Skylar Thompson replaced Tagovailoa with about 11 minutes left in what was already a blowout, but a bad handoff on his first play resulted in a fumble that was recovered by cornerback Christian Gonzalez and returned 63 yards for a touchdown. It cut New England’s deficit to 31-15, and Tagovailoa returned the next drive. TITANS 32, TEXANS 27 HOUSTON (AP) — Will Levis threw for 278 yards and his 70-yard touchdown pass to Chig Okonkwo put Tennessee on top in the fourth quarter and the Titans held on for a win over the Texans. Okonkwo grabbed a short pass and rumbled for the touchdown to put the Titans (3-8) up 30-27 with 9 1/2 minutes remaining. Safety Eric Murray missed a tackle that would have stopped him near midfield. The Texans (7-5) had a chance to tie it with less than two minutes remaining, but Ka’imi Fairbairn’s 28-yard field-goal attempt sailed wide left. He fell to the ground after the miss before getting up and slamming his helmet on the field. Titans coach Brian Callahan held both hands in the air and smiled after watching the miss that allowed his team to win on a day it had three turnovers. The Texans forced a three-and-out, but couldn’t move the ball after that and Harold Landry sacked C.J. Stroud in the end zone for a safety to make it 32-27 and allow Tennessee to snap a two-game skid. VIKINGS 30, BEARS 27, OT CHICAGO (AP) — Sam Darnold threw for 90 of his 330 yards in overtime to set up Parker Romo’s game-ending 29-yard field goal , and Minnesota outlasted Chicago after giving up 11 points in the final 22 seconds of regulation. Darnold threw two touchdown passes, Jordan Addison caught eight passes for a career-high 162 yards and a touchdown, and T.J. Hockenson had 114 yards receiving for the Vikings (9-2), who remained one game behind Detroit in the rugged NFC North. Caleb Williams threw for 340 yards and two touchdowns for the Bears (4-7), who lost their fifth straight. Minnesota appeared to have the game in hand, leading 27-16 with 1:56 left after Romo kicked a 26-yard field goal. But the Bears weren’t finished. Deandre Carter made up for a muffed punt that led to a touchdown in the third quarter with a 55-yard kickoff return to the 40. Williams took it from there, capping an eight-play drive with a 1-yard touchdown pass to Keenan Allen. A 2-point conversion pass to DJ Moore made it 27-24 with 22 seconds remaining. The Bears recovered the onside kick and Williams hit Moore over the middle for a 27-yard gain to the 30 before spiking the ball. Cairo Santos made a 48-yard field goal as time expired. The Associated Press

HOUSTON (AP) — An elaborate parody appears to be behind an effort to resurrect Enron, the Houston-based energy company that exemplified the worst in American corporate fraud and greed after it went bankrupt in 2001. If its return is comedic, some former employees who lost everything in Enron’s collapse aren’t laughing. “It’s a pretty sick joke and it disparages the people that did work there. And why would you want to even bring it back up again?” said former Enron employee Diana Peters, who represented workers in the company’s bankruptcy proceedings. Here’s what to know about the history of Enron and the purported effort to bring it back. Once the nation’s seventh-largest company, Enron filed for bankruptcy protection on Dec. 2, 2001, after years of accounting tricks could no longer hide billions of dollars in debt or make failing ventures appear profitable. The energy company's collapse put more than 5,000 people out of work and wiped out more than $2 billion in employee pensions. Its aftershocks were felt throughout the energy sector. Twenty-four Enron executives , including former CEO Jeffrey Skilling , were convicted for their roles in the fraud. Enron founder Ken Lay’s convictions were vacated after he died of heart disease following his 2006 trial. On Monday — the 23rd anniversary of the bankruptcy filing — a company representing itself as Enron announced in a news release it was relaunching as a “company dedicated to solving the global energy crisis.” It also posted a video on social media, advertised on at least one Houston billboard and a took out a full-page ad in the Houston Chronicle In the minute-long video full of generic corporate jargon, the company talks about “growth” and “rebirth.” It ends with the words, “We’re back. Can we talk?” In an email, company spokesperson Will Chabot said the new Enron was not doing any interviews yet, but "We’ll have more to share soon.” Signs point to the comeback being a joke. In the “terms of use and conditions of sale” on the company's website, it says “the information on the website about Enron is First Amendment protected parody, represents performance art, and is for entertainment purposes only.” Documents filed with the U.S. Patent and Trademark Office show College Company, an Arkansas-based LLC, owns the Enron trademark. The co-founder of College Company is Connor Gaydos, who helped create a joke conspiracy theory claiming all birds are actually government surveillance drones. Peters said she and some other former employees are upset and think the relaunch was “in poor taste.” “If it’s a joke, it’s rude, extremely rude. And I hope that they realize it and apologize to all of the Enron employees,” Peters said. Peters, 74, said she is still working in information technology because “I lost everything in Enron, and so my Social Security doesn’t always take care of things I need done.” “Enron’s downfall taught us critical lessons about corporate ethics, accountability, and the consequences of unchecked ambition. Enron’s legacy was the employees in the trenches. Leave Enron buried,” she said. But Sherron Watkins, Enron’s former vice president of corporate development and the main whistleblower who helped uncover the scandal, said she didn’t have a problem with the joke because comedy “usually helps us focus on an uncomfortable historical event that we’d rather ignore.” “I think we use prior scandals to try to teach new generations what can go wrong with big companies,” said Watkins, who still speaks at colleges and conferences about the Enron scandal. This story was corrected to fix the spelling of Ken Lay’s first name, which had been misspelled “Key.” Follow Juan A. Lozano on X at https://x.com/juanlozano70

2024 Fourth Quarter Highlights– comparisons to the prior year quarter Net earnings per diluted share of $4.06 ( $4.03 , excluding mark-to-market gains on technology investments) Net earnings of $1.1 billion New orders decreased 3% to 16,895 homes; new orders dollar value decreased 1% to $7.2 billion Backlog of 11,633 homes with a dollar value of $5.4 billion Deliveries decreased 7% to 22,206 homes Total revenues of $9.9 billion Homebuilding operating earnings of $1.5 billion Gross margin on home sales of 22.1% S,G&A expenses as a % of revenues from home sales of 7.2% Net margin on home sales of 14.9% Financial Services operating earnings of $154 million Multifamily operating loss of $0.2 million Lennar Other operating earnings of $0.5 million Homebuilding cash and cash equivalents of $4.7 billion Years supply of owned homesites of 1.1 years and controlled homesites of 82% No outstanding borrowings under the Company's $2.9 billion revolving credit facility Homebuilding debt to total capital of 7.5% Repurchased 3 million shares of Lennar common stock for $521 million In November 2024 , the Company entered into a definitive agreement to acquire Rausch Coleman Homes , a residential homebuilder, which is expected to close in the first quarter of 2025 2024 Fiscal Year Highlights - comparisons to prior year Net earnings per diluted share of $14.31 ( $13.86 , excluding mark-to-market gains and other one-time items, (collectively, "adjustments")) Net earnings of $3.9 billion ( $3.8 billion excluding adjustments) New orders increased 11% to 76,951 homes Deliveries increased 10% to 80,210 homes Total revenues of $35.4 billion Gross margin on home sales of 22.3%; net margin of 14.9% Redeemed/repurchased $554 million of senior notes Repurchased 13.6 million shares of Lennar common stock for $2.1 billion Homebuilding return on inventory of 29.2% MIAMI , Dec. 18, 2024 /PRNewswire/ -- Lennar Corporation LEN , one of the nation's largest homebuilders, today reported results for its fourth quarter and fiscal year ended November 30, 2024 . Fourth quarter net earnings attributable to Lennar in 2024 were $1.1 billion , or $4.06 per diluted share, compared to $1.4 billion , or $4.82 per diluted share in the fourth quarter of 2023. Excluding mark-to-market gains on technology investments, fourth quarter net earnings attributable to Lennar in 2024 were $1.1 billion , or $4.03 per diluted share, compared to fourth quarter net earnings attributable to Lennar in 2023 of $1.5 billion , or $5.17 per diluted share, excluding mark-to-market losses on technology investments and other one-time items (collectively, "adjustments"). Net earnings attributable to Lennar for the year ended November 30, 2024 were $3.9 billion , or $14.31 per diluted share, compared to $3.9 billion , or $13.73 per diluted share for the year ended November 30, 2023 . Excluding adjustments, net earnings attributable to Lennar for the year ended November 30, 2024 were $3.8 billion , or $13.86 per diluted share, compared to $4.1 billion , or $14.25 per diluted share for the year ended November 30, 2023 . Stuart Miller , Executive Chairman and Co-Chief Executive Officer of Lennar, said, "In the course of our fourth quarter, the housing market that appeared to be improving as the Fed cut short-term interest rates, proved to be far more challenging as mortgage rates rose almost 100 basis points through the quarter. Even while demand remained strong, and the chronic supply shortage continued to drive the market, our results were driven by affordability limitations from higher interest rates." "Accordingly, in our fourth quarter, sales pace lagged expectations as interest rates climbed and our new orders fell short of expectations to 16,895 homes vs the low end of our guidance of 19,000 homes. Consistent with our strategy of matching sales pace with production, we adjusted sales price, incentives, and margin in order to re-ignite sales and actively manage inventory levels. We ended the quarter with two completed, unsold homes per community, which was within our historical range." "In the fourth quarter, earnings were $1.1 billion , or $4.06 per diluted share. We delivered 22,206 homes in the quarter and our average sales price, net of incentives, per home delivered was $430,000 in the fourth quarter, slightly down from last year. Our homebuilding gross margin in the fourth quarter was 22.1%, with SG&A expenses of 7.2%, resulting in a 14.9% net margin." "Driven by our consistent focus on cash flow, we constructively allocated capital while we continued to strengthen and fortify our balance sheet. During the quarter, we repurchased $521 million of our common stock, had no outstanding borrowings on our $2.9 billion revolving credit facility and cash of $4.7 billion , ending the quarter with homebuilding debt to total capital of 7.5%. With cash on hand exceeding our debt, and with overall liquidity of approximately $7.6 billion , our balance sheet remains extremely strong." "Against this backdrop, we continue to remain focused on our volume-based strategy of driving sales and cash flow while using margin as a shock absorber as we continue to migrate to an asset-light, land-light business model. This strategy is reflected in both the public filing of a registration statement on Form S-11 for the planned spin-off of Millrose Properties, Inc., as well as our previously announced acquisition of Rausch Coleman Homes as we focus on growing to drive affordability and fill the supply gap that is reflected in the marketplace." Jon Jaffe , Co-Chief Executive Officer and President of Lennar, said, "Operationally, our starts pace and sales pace were 4.6 homes and 4.2 homes per community in the fourth quarter, respectively, as we continue to move closer to an even flow operating model. Our cycle time was down to 138 days, or 14% lower year over year, as our production first focus has positively impacted our production times, while our inventory turn improved to 1.6 times reflecting broader efficiencies. Concurrently, the Lennar Marketing and Sales Machine continued to carefully match our sales pace to our production pace using our digital marketing and dynamic pricing models." "During the quarter, we continued the migration to our land light strategy. This was evidenced by our years supply of owned homesites improving to 1.1 years from 1.4 years last year and our controlled homesite percentage increasing to 82% from 76% year over year, resulting in a return on inventory of 29.2%." Mr. Miller concluded, "As we look ahead, we expect to deliver between 17,000 and 17,500 homes for the first quarter of 2025 and between 86,000 and 88,000 homes for the full year 2025, including the impact of the Rausch Coleman acquisition. While we remain optimistic that margins will normalize as affordability normalizes and our cost structure benefits from our volume, we expect our gross margin in the first quarter to be between 19.0% and 19.25%, and at this time, we will not guide to full year gross margin until we have a better sense of market conditions as the year unfolds." RESULTS OF OPERATIONS THREE MONTHS ENDED NOVEMBER 30, 2024 COMPARED TO THREE MONTHS ENDED NOVEMBER 30, 2023 Homebuilding Revenues from home sales decreased 9% in the fourth quarter of 2024 to $9.5 billion from $10.4 billion in the fourth quarter of 2023. Revenues were lower primarily due to a 7% decrease in the number of home deliveries and a 3% decrease in the average sales price of homes delivered. New home deliveries decreased to 22,206 homes in the fourth quarter of 2024 from 23,795 homes in the fourth quarter of 2023. The average sales price of homes delivered was $430,000 in the fourth quarter of 2024, compared to $441,000 in the fourth quarter of 2023. The decrease in average sales price of homes delivered in the fourth quarter of 2024 compared to the same period last year was primarily due to pricing to market through an increased use of incentives and product mix. Gross margins on home sales were $2.1 billion , or 22.1%, in the fourth quarter of 2024, compared to $2.5 billion, or 24.2%, in the fourth quarter of 2023. During the fourth quarter of 2024, gross margins decreased primarily because revenue per square foot decreased while land costs increased year over year, which was partially offset by a decrease in costs per square foot due to lower costs of materials as the Company continued to focus on construction cost savings. Selling, general and administrative expenses were $682 million in the fourth quarter of 2024, compared to $688 million in the fourth quarter of 2023. As a percentage of revenues from home sales, selling, general and administrative expenses increased to 7.2% in the fourth quarter of 2024, from 6.6% in the fourth quarter of 2023, primarily due to less leverage as a result of both lower volume and average sales price. Financial Services Operating earnings for the Financial Services segment were $154 million in the fourth quarter of 2024, compared to $168 million in the fourth quarter of 2023. The decrease in operating earnings was primarily due to lower profit per loan in the Company's mortgage business. Other Ancillary Businesses Operating loss for the Multifamily segment was $0.2 million in the fourth quarter of 2024, compared to operating loss of $12 million in the fourth quarter of 2023. Operating earnings for the Lennar Other segment were $0.5 million in the fourth quarter of 2024, compared to an operating loss of $125 million in the fourth quarter of 2023. The Lennar Other operating earnings for the fourth quarter of 2024 were primarily due to positive mark-to-market adjustments of $13 million on the Company's publicly traded technology investments, which was partially offset by other operating losses. The Lennar Other operating loss for the fourth quarter of 2023 was primarily due to negative mark-to-market adjustments of $36 million on the Company's publicly traded technology investments and a $65 million write-off of one of the Company's non-public technology investments. Tax Rate For the quarters ended November 30, 2024 and 2023, the Company had a tax provision of $358 million and $417 million , which resulted in an overall effective income tax rate of 24.6% and 23.4%, respectively. For both periods, the Company's effective income tax rate included state income tax expense and non-deductible executive compensation, partially offset by tax credits. The increase in the effective tax rate from the prior year for the three months ended November 30, 2024 was primarily due to additional state income tax expense. OTHER TRANSACTIONS Credit Facility In November 2024 , the Company amended and restated the credit agreement governing its unsecured revolving credit facility (the "Credit Facility") to, among other things, increase the lenders' commitments to $2.875 billion until May 2027 when this amount will be reduced to $2.650 billion until final maturity in November 2029 . As of November 30, 2024 , there were no outstanding borrowings under the Credit Facility. Share Repurchases During the fourth quarter of 2024, the Company repurchased 3 million shares of its common stock for $521 million at an average per share price of $173.79 . Liquidity At November 30, 2024, the Company had $4.7 billion of Homebuilding cash and cash equivalents and no outstanding borrowings under its $2.9 billion Credit Facility, thereby providing approximately $7.6 billion of available capacity. Guidance The following are the Company's expected results of its homebuilding and financial services activities: First Quarter 2025 New Orders 17,500 - 18,000 Deliveries 17,000 - 17,500 Average Sales Price $410,000 - $415,000 Gross Margin % on Home Sales 19.0% - 19.25% S,G&A as a % of Home Sales 8.7% - 8.8% Financial Services Operating Earnings $100 million - $110 million About Lennar Lennar Corporation, founded in 1954, is one of the nation's leading builders of quality homes for all generations. Lennar builds affordable, move-up and active adult homes primarily under the Lennar brand name. Lennar's Financial Services segment provides mortgage financing, title and closing services primarily for buyers of Lennar's homes and, through LMF Commercial, originates mortgage loans secured primarily by commercial real estate properties throughout the United States . Lennar's Multifamily segment is a nationwide developer of high-quality multifamily rental properties. LEN X drives Lennar's technology, innovation and strategic investments. For more information about Lennar, please visit www.lennar.com . Note Regarding Forward-Looking Statements: Some of the statements in this press release are "forward-looking statements," as that term is defined in the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements relating to the homebuilding market and other markets in which we participate, as well as our expected results and guidance. You can identify forward-looking statements by the fact that these statements do not relate strictly to historical or current matters. Rather, forward-looking statements relate to anticipated or expected events, activities, trends or results. Accordingly, these forward-looking statements should be evaluated with consideration given to the many risks and uncertainties inherent in our business that could cause actual results and events to differ materially from those anticipated by the forward-looking statements. We wish to caution readers not to place undue reliance on any forward-looking statements, which are expressly qualified in their entirety by this cautionary statement and speak only as of the date made. Important factors that could cause differences between anticipated and actual results include slowdowns in real estate markets in regions where we have significant Homebuilding or Multifamily development activities; decreased demand for our homes, or for Multifamily rental apartments or single family homes; the potential impact of inflation; the impact of increased cost of mortgage financing for homebuyers, increased or continued high interest rates or increased competition in the mortgage industry; supply shortages and increased costs related to construction materials, including lumber, and labor; the possibility that increased tariffs will increase the cost of production materials; cost increases related to real estate taxes and insurance; the effect of increased interest rates with regard to our funds' borrowings on the willingness of the funds to invest in new projects; reductions in the market value of our investments in public companies; natural disasters or catastrophic events for which our insurance may not provide adequate coverage; our inability to successfully execute our strategies and our planned spin-off on the timelines expected or at all; a decline in the value of the land and home inventories we maintain and resulting possible future writedowns of the carrying value of our real estate assets; the forfeiture of deposits related to land purchase options we decide not to exercise; the effects of public health issues such as a major epidemic or pandemic that could have a negative impact on the economy and on our businesses; possible unfavorable outcomes in legal proceedings; conditions in the capital, credit and financial markets; harm to our business from information technology failures and data security breaches; changes in laws, regulations or the regulatory environment affecting our business; policy changes that may be introduced by the new administration that could affect economic conditions, tax regimes and regulatory frameworks, and the other risks and uncertainties described in our filings from time to time with the Securities and Exchange Commission, including those included under the captions "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in our most recent Annual Report on Form 10-K filed on January 26, 2024 , as amended by our Annual Report on Form 10-K/A filed on April 25, 2024 , and Quarterly Reports on Form 10-Q. We undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. A conference call to discuss the Company's fourth quarter earnings will be held at 11:00 a.m. Eastern Time on Thursday , December 19, 2024. The call will be broadcast live on the internet and can be accessed through the Company's website at investors.lennar.com. If you are unable to participate in the conference call, the call will be archived at investors.lennar.com for 90 days. A replay of the conference call will also be available later that day by calling 203-369-0176 and entering 5723593 as the confirmation number. LENNAR CORPORATION AND SUBSIDIARIES Selected Revenues and Operating Information (In thousands, except per share amounts) (unaudited) Three Months Ended Years Ended November 30, November 30, 2024 2023 2024 2023 Revenues: Homebuilding $ 9,548,684 10,516,050 33,906,426 32,660,987 Financial Services 304,550 304,693 1,109,263 976,859 Multifamily 88,917 140,824 411,537 573,485 Lennar Other 4,737 6,616 14,226 22,035 Total revenues $ 9,946,888 10,968,183 35,441,452 34,233,366 Homebuilding operating earnings $ 1,495,383 1,912,639 5,342,252 5,527,707 Financial Services operating earnings 154,476 169,130 577,184 509,461 Multifamily operating earnings (loss) (160) (12,155) 42,635 (50,651) Lennar Other operating earnings (loss) 450 (125,414) (47,967) (209,788) Corporate general and administrative expenses (170,011) (136,336) (648,986) (501,338) Charitable foundation contribution (22,206) (23,795) (80,210) (73,087) Earnings before income taxes 1,457,932 1,784,069 5,184,908 5,202,304 Provision for income taxes (358,058) (416,780) (1,217,253) (1,241,013) Net earnings (including net earnings attributable to noncontrolling interests) 1,099,874 1,367,289 3,967,655 3,961,291 Less: Net earnings attributable to noncontrolling interests 3,660 6,002 35,122 22,780 Net earnings attributable to Lennar $ 1,096,214 1,361,287 3,932,533 3,938,511 Basic and diluted average shares outstanding 267,262 279,438 272,019 283,319 Basic and diluted earnings per share $ 4.06 4.82 14.31 13.73 Supplemental information: Interest incurred (1) $ 29,254 41,434 129,310 187,640 EBIT (2): Net earnings attributable to Lennar $ 1,096,214 1,361,287 3,932,533 3,938,511 Provision for income taxes 358,058 416,780 1,217,253 1,241,013 Interest expense included in: Costs of homes sold 39,513 69,859 160,848 240,871 Costs of land sold 29 156 373 1,588 Homebuilding other income, net 4,472 4,525 18,771 15,434 Total interest expense 44,014 74,540 179,992 257,893 EBIT $ 1,498,286 1,852,607 5,329,778 5,437,417 (1) Amount represents interest incurred related to Homebuilding debt. (2) EBIT is a non-GAAP financial measure defined as earnings before interest and taxes. This financial measure has been presented because the Company finds it important and useful in evaluating its performance and believes that it helps readers of the Company's financial statements compare its operations with those of its competitors. Although management finds EBIT to be an important measure in conducting and evaluating the Company's operations, this measure has limitations as an analytical tool as it is not reflective of the actual profitability generated by the Company during the period. Management compensates for the limitations of using EBIT by using this non-GAAP measure only to supplement the Company's GAAP results. Due to the limitations discussed, EBIT should not be viewed in isolation, as it is not a substitute for GAAP measures. LENNAR CORPORATION AND SUBSIDIARIES Segment Information (In thousands) (unaudited) Three Months Ended Years Ended November 30, November 30, 2024 2023 2024 2023 Homebuilding revenues: Sales of homes $ 9,500,991 10,442,850 33,778,149 32,459,129 Sales of land 39,568 63,501 93,384 109,963 Other homebuilding 8,125 9,699 34,893 91,895 Total revenues 9,548,684 10,516,050 33,906,426 32,660,987 Homebuilding costs and expenses: Costs of homes sold 7,400,266 7,919,724 26,255,353 24,900,470 Costs of land sold 30,162 39,413 73,802 92,142 Selling, general and administrative 682,003 687,774 2,480,309 2,231,033 Total costs and expenses 8,112,431 8,646,911 28,809,464 27,223,645 Homebuilding net margins 1,436,253 1,869,139 5,096,962 5,437,342 Homebuilding equity in earnings (loss) from unconsolidated entities 12,410 9,223 66,448 (3,886) Homebuilding other income, net 46,720 34,277 178,842 94,251 Homebuilding operating earnings $ 1,495,383 1,912,639 5,342,252 5,527,707 Financial Services revenues $ 304,550 304,693 1,109,263 976,859 Financial Services costs and expenses 150,074 135,563 532,079 467,398 Financial Services operating earnings $ 154,476 169,130 577,184 509,461 Multifamily revenues $ 88,917 140,824 411,537 573,485 Multifamily costs and expenses 101,875 130,589 521,455 573,658 Multifamily equity in earnings (loss) from unconsolidated entities and other income, net 12,798 (22,390) 152,553 (50,478) Multifamily operating earnings (loss) $ (160) (12,155) 42,635 (50,651) Lennar Other revenues $ 4,737 6,616 14,226 22,035 Lennar Other costs and expenses 26,390 8,255 79,495 27,681 Lennar Other equity in earnings (loss) from unconsolidated entities and other 9,395 (87,783) (7,878) (153,980) Lennar Other unrealized gains (losses) from technology investments (1) 12,708 (35,992) 25,180 (50,162) Lennar Other operating earnings (loss) $ 450 (125,414) (47,967) (209,788) (1) The following is a detail of Lennar Other unrealized gains (losses) from mark-to-market adjustments on technology investments: Three Months Ended Years Ended November 30, November 30, 2024 2023 2024 2023 Blend Labs (BLND) $ 3,553 230 9,474 (130) Hippo (HIPO) 39,448 (4,277) 73,243 (19,210) Opendoor (OPEN) 3,569 (16,697) (12,587) 21,762 SmartRent (SMRT) 597 (2,305) (11,609) 5,914 Sonder (SOND) (67) (151) 15 (700) Sunnova (NOVA) (34,392) (12,792) (33,356) (57,798) $ 12,708 (35,992) 25,180 (50,162) LENNAR CORPORATION AND SUBSIDIARIES Summary of Deliveries, New Orders and Backlog (Dollars in thousands, except average sales price) (unaudited) Lennar's reportable homebuilding segments and all other homebuilding operations not required to be reported separately have divisions located in: East: Alabama, Florida, New Jersey and Pennsylvania Central: Georgia, Illinois, Indiana, Maryland, Minnesota, North Carolina, South Carolina, Tennessee and Virginia Texas: Texas West: Arizona, California, Colorado, Idaho, Nevada, Oregon, Utah and Washington Other: Urban divisions For the Three Months Ended November 30, 2024 2023 2024 2023 2024 2023 Deliveries: Homes Dollar Value Average Sales Price East 5,593 6,446 $ 2,279,183 2,735,523 $ 408,000 424,000 Central 6,035 6,030 2,377,184 2,419,976 394,000 401,000 Texas 4,845 5,160 1,215,228 1,363,557 251,000 264,000 West 5,721 6,145 3,682,454 3,976,322 644,000 647,000 Other 12 14 5,354 8,412 446,000 601,000 Total 22,206 23,795 $ 9,559,403 10,503,790 $ 430,000 441,000 Of the total homes delivered listed above, 112 homes with a dollar value of $58 million and an average sales price of $522,000 represent home deliveries from unconsolidated entities for the three months ended November 30, 2024, compared to 139 home deliveries with a dollar value of $61 million and an average sales price of $438,000 for the three months ended November 30, 2023. At November 30, For the Three Months Ended November 30, 2024 2023 2024 2023 2024 2023 2024 2023 New Orders: Active Communities Homes Dollar Value Average Sales Price East 347 305 3,791 4,690 $ 1,522,100 1,931,297 $ 402,000 412,000 Central 404 323 4,254 3,932 1,665,471 1,537,804 392,000 391,000 Texas 285 246 4,158 4,185 1,044,596 1,070,282 251,000 256,000 West 409 384 4,689 4,549 2,944,098 2,738,131 628,000 602,000 Other 2 2 3 10 2,898 6,495 966,000 649,000 Total 1,447 1,260 16,895 17,366 $ 7,179,163 7,284,009 $ 425,000 419,000 Of the total new orders listed above, 81 homes with a dollar value of $41 million and an average sales price of $512,000 represent new orders in 11 active communities from unconsolidated entities for the three months ended November 30, 2024, compared to 69 new orders with a dollar value of $36 million and an average sales price of $516,000 in five active communities for the three months ended November 30, 2023. For the Years Ended November 30, 2024 2023 2024 2023 2024 2023 Deliveries: Homes Dollar Value Average Sales Price East 21,325 20,266 $ 8,623,347 8,805,485 $ 404,000 434,000 Central 19,084 16,809 7,617,693 7,041,528 399,000 419,000 Texas 18,844 16,591 4,763,692 4,692,906 253,000 283,000 West 20,914 19,388 12,938,104 12,052,131 619,000 622,000 Other 43 33 21,739 23,236 506,000 704,000 Total 80,210 73,087 $ 33,964,575 32,615,286 $ 423,000 446,000 Of the total homes delivered listed above, 383 homes with a dollar value of $186 million and an average sales price of $487,000 represent home deliveries from unconsolidated entities for the year ended November 30, 2024, compared to 340 home deliveries with a dollar value of $156 million and an average sales price of $459,000 for the year ended November 30, 2023. For the Years Ended November 30, 2024 2023 2024 2023 2024 2023 New Orders: Homes Dollar Value Average Sales Price East 18,205 18,685 $ 7,420,362 7,931,099 $ 408,000 424,000 Central 19,018 15,403 7,558,829 6,324,097 397,000 411,000 Texas 19,019 15,789 4,804,674 4,331,763 253,000 274,000 West 20,668 19,199 12,874,054 11,897,996 623,000 620,000 Other 41 35 20,562 23,600 502,000 674,000 Total 76,951 69,111 $ 32,678,481 30,508,555 $ 425,000 441,000 Of the total new orders listed above, 315 homes with a dollar value of $176 million and an average sales price of $558,000 represent new orders from unconsolidated entities for the year ended November 30, 2024, compared to 321 new orders with a dollar value of $153 million and an average sales price of $476,000 for the year ended November 30, 2023. At November 30, 2024 2023 2024 2023 2024 2023 Backlog: Homes Dollar Value Average Sales Price East 3,460 6,580 $ 1,513,713 2,708,322 $ 437,000 412,000 Central 3,097 3,163 1,316,754 1,375,617 425,000 435,000 Texas 2,070 1,895 525,299 475,941 254,000 251,000 West 3,005 3,251 2,016,669 2,072,342 671,000 637,000 Other 1 3 349 1,528 349,000 509,000 Total 11,633 14,892 $ 5,372,784 6,633,750 $ 462,000 445,000 Of the total homes in backlog listed above, 79 homes with a backlog dollar value of $64 million and an average sales price of $807,000 represent the backlog from unconsolidated entities at November 30, 2024, compared to 147 homes with a backlog dollar value of $74 million and an average sales price of $507,000 at November 30, 2023. LENNAR CORPORATION AND SUBSIDIARIES Condensed Consolidated Balance Sheets (In thousands, except per share amounts) (unaudited) November 30, 2024 2023 ASSETS Homebuilding: Cash and cash equivalents $ 4,662,643 6,273,724 Restricted cash 11,799 13,481 Receivables, net 1,053,211 887,992 Inventories: Finished homes and construction in progress 10,884,861 10,455,666 Land and land under development 4,750,025 4,904,541 Inventory owned 15,634,886 15,360,207 Consolidated inventory not owned 4,084,665 2,992,528 Inventory owned and consolidated inventory not owned 19,719,551 18,352,735 Deposits and pre-acquisition costs on real estate 3,625,372 2,002,154 Investments in unconsolidated entities 1,344,836 1,143,909 Goodwill 3,442,359 3,442,359 Other assets 1,734,698 1,512,038 35,594,469 33,628,392 Financial Services 3,516,550 3,566,546 Multifamily 1,306,818 1,381,513 Lennar Other 894,944 657,852 Total assets $ 41,312,781 39,234,303 LIABILITIES AND EQUITY Homebuilding: Accounts payable $ 1,839,440 1,631,401 Liabilities related to consolidated inventory not owned 3,563,934 2,540,894 Senior notes and other debts payable, net 2,258,283 2,816,482 Other liabilities 3,201,552 2,739,217 10,863,209 9,727,994 Financial Services 2,140,708 2,447,039 Multifamily 181,883 278,177 Lennar Other 105,756 79,127 Total liabilities 13,291,556 12,532,337 Stockholders' equity: Preferred stock — — Class A common stock of $0.10 par value 25,998 25,848 Class B common stock of $0.10 par value 3,660 3,660 Additional paid-in capital 5,729,434 5,570,009 Retained earnings 25,753,078 22,369,368 Treasury stock (3,649,564) (1,393,100) Accumulated other comprehensive income 7,529 4,879 Total stockholders' equity 27,870,135 26,580,664 Noncontrolling interests 151,090 121,302 Total equity 28,021,225 26,701,966 Total liabilities and equity $ 41,312,781 39,234,303 LENNAR CORPORATION AND SUBSIDIARIES Supplemental Data (Dollars in thousands) (unaudited) November 30, 2024 2023 Homebuilding debt $ 2,258,283 2,816,482 Stockholders' equity 27,870,135 26,580,664 Total capital $ 30,128,418 29,397,146 Homebuilding debt to total capital 7.5 % 9.6 % Homebuilding debt $ 2,258,283 2,816,482 Less: Homebuilding cash and cash equivalents 4,662,643 6,273,724 Net homebuilding debt $ (2,404,360) (3,457,242) Net homebuilding debt to total capital (1) (9.4) % (15.0) % (1) Net homebuilding debt to total capital is a non-GAAP financial measure defined as net homebuilding debt (homebuilding debt less homebuilding cash and cash equivalents) divided by total capital (net homebuilding debt plus stockholders' equity). The Company believes the ratio of net homebuilding debt to total capital is a relevant and a useful financial measure to investors in understanding the leverage employed in homebuilding operations. However, because net homebuilding debt to total capital is not calculated in accordance with GAAP, this financial measure should not be considered in isolation or as an alternative to financial measures prescribed by GAAP. Rather, this non-GAAP financial measure should be used to supplement the Company's GAAP results. Contact: Ian Frazer Investor Relations Lennar Corporation (305) 485-4129 View original content: https://www.prnewswire.com/news-releases/lennar-reports-fourth-quarter-and-fiscal-2024-results-302335463.html SOURCE Lennar Corporation © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.Four Canadian women honoured in World Rugby's Dream Teams of the Year MONACO — Canadians Alex Tessier, Sophie de Goede and Laetitia Royer have been named to World Rugby's Women’s 15s Dream Team of the Year. Canada sevens captain Olivia Apps, meanwhile, was selected to World Rugby's Women’s Sevens Dream Team. Canadian Press Nov 27, 2024 2:12 PM Nov 27, 2024 2:35 PM Share by Email Share on Facebook Share on X Share on LinkedIn Print Share via Text Message France's Marine Menager grabs Canada's Alex Tessier's leg as she runs the ball during WXV 1 women's rugby union action, in Vancouver on Sept. 29, 2024. THE CANADIAN PRESS/Ethan Cairns MONACO — Canadians Alex Tessier, Sophie de Goede and Laetitia Royer have been named to World Rugby's Women’s 15s Dream Team of the Year. Canada sevens captain Olivia Apps, meanwhile, was selected to World Rugby's Women’s Sevens Dream Team. The women's 15s world all-star squad also featured six players from top-ranked England and three from No. 2 New Zealand. The other three came from the U.S., Ireland and France. Tessier was also a finalist for the World Rugby Women’s 15s Player of the Year award won by England fullback Ellie Kildunne. France's Pauline Bourdon Sansus and England's Alex Matthews were the other finalists. Tessier won her 50th cap in 2024 and, playing at inside centre alongside fly half Claire Gallagher, led the Canada women to a historic first-ever victory over New Zealand to win the 2024 Pacific Four Series in May. The 22-19 comeback victory lifted Canada into second place in the women’s world rankings, its highest position since November 2016. Tessier's strong kicking game was also key for Canada. The 31-year-old from Sainte-Clotilde-de-Horton, Que., scored 27 points in starting all six matches for Canada in 2024 to up her career total to 48 points (including five tries) in 54 appearances. Tessier plays professionally in England for the Exeter Chiefs. De Goede made the all-star team despite tearing her anterior cruciate ligament in training in June. A finalist for the Women's Player of the Year award in 2022, the Victoria back-rower plays in England for Saracens. Royer, from Loretteville, Que., is a second-row forward who plays in France for ASM Romagnat. Top-ranked South Africa dominated the men's 15s all-star squad with seven players represented. Ireland had four players with New Zealand three and Argentina one. --- World Rugby's 15s Dream Teams of the Year Women 1. Hope Rogers (U.S.); 2. Georgia Ponsonby (New Zealand); 3. Maud Muir (England); 4. Zoe Aldcroft (England); 5. Laetitia Royer (Canada) ; 6. Aoife Wafer (Ireland)' 7. Sophie de Goede (Canada) ; 8. Alex Matthews (England); 9. Pauline Bourdon Sansus (France); 10. Holly Aitchison (England); 11. Katelyn Vahaakolo (New Zealand); 12. Alex Tessier (Canada) ; 13. Sylvia Brunt (New Zealand); 14. Abby Dow (England); 15. Ellie Kildunne (England). Men 1. Ox Nche (South Africa); 2. Malcolm Marx (South Africa); 3. Tyrel Lomax (New Zealand); 4. Eben Etzebeth (South Africa); 5. Tadhg Beirne (Ireland); 6. Pablo Matera (Argentina); 7. Pieter-Steph du Toit (South Africa); 8. Caelan Doris (Ireland); 9. Jamison Gibson-Park (Ireland); 10. Damian McKenzie (New Zealand); 11. James Lowe (Ireland); 12. Damian de Allende (South Africa); 13. Jesse Kriel (South Africa); 14. Cheslin Kolbe (South Africa); 15. Will Jordan (New Zealand). World Rugby Sevens Dreams Team of the Year Women Olivia Apps (Canada) , Michaela Blyde (New Zealand), Kristi Kirshe (U.S.), Maddison Levi (Australia), Ilona Maher (U.S.), Jorja Miller (New Zealand), Séraphine Okemba (France). Men Selvyn Davids (South Africa), Antoine Dupont (France), Aaron Grandidier Nkanang (France), Terry Kennedy (Ireland), Nathan Lawson (Australia), Ponipate Loganimasi (Fiji), Matías Osadczuk (Argentina). This report by The Canadian Press was first published Nov. 27, 2024. The Canadian Press See a typo/mistake? Have a story/tip? This has been shared 0 times 0 Shares Share by Email Share on Facebook Share on X Share on LinkedIn Print Share via Text Message More National Sports Hometown favourite Gushue beats Carruthers at Grand Slam's Kioti National Nov 27, 2024 2:13 PM Robert Wickens moving up to IMSA GTD series in 2025 thanks to new Bosch hand controls Nov 27, 2024 2:03 PM RCMP investigating death of Edmonton man after mixed martial arts fight Nov 27, 2024 1:14 PM Featured Flyer

THESSALONIKI, Greece (AP) — Greece’s second largest city, Thessaloniki, is getting a brand new subway system that will showcase archaeological discoveries made during construction that held up the project for decades. The 9.6-kilometer inaugural line will officially open on Nov. 30, using driverless trains and platform screen doors. Construction began in earnest in 2003 and unearthed a treasure trove of antiquities in a vast excavation beneath the densely populated city of a million residents. Javascript is required for you to be able to read premium content. Please enable it in your browser settings.

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