BUSINESS

Bitcoin matched Monday’s high near $87,300 before running into selling, while citcoin cash surged 28% on a CME futures listing and ZEC added 9%.

Your day-ahead look for Sept. 22, 2026

Qantas will launch its nonstop Sydney-New York flight in mid-2028. Tickets go on sale in August 2027. It will be the first direct flight between Australia and New York.

The New York Yankees might regret their decision to skip a rehab assignment for the franchise slugger, who is now sidelined once again.

CoreWeave shares have tumbled almost 40% from their May highs as debt fears spooked investors. But one analyst believes the selloff has been overblown.

Warren Buffett’s Berkshire Hathaway has bought roughly $212.4 million worth of Lennar (LEN) shares across three trading days in September, right after the homebuilder posted one of its weakest quarters in years.

The purchases took place between Sept. 17 and Sept. 21. Berkshire picked up 2.74 million shares across both Class A and Class B stock, pushing its total position in Lennar to about $1.4 billion. After the news broke, LEN shares rose 2.1% on Monday and gained another 1.2% in overnight trading.

Berkshire could have waited for prices to drop further. Instead, the team led by new CEO Greg Abel added heavily, and the size of the trade suggests the firm’s investment desk sees value that the broader market is currently overlooking.

Berkshire’s Lennar buy came right after a brutal third-quarter miss

Lennar reported third-quarter results on Sept. 16, and the numbers were not good. Net earnings dropped to $284 million from $591 million a year earlier, revenue fell 8.6% to $8.05 billion, and adjusted earnings per share came in at $1.23, missing the $1.28 consensus.

New home orders declined 9% to 20,879, and gross margin fell to 15.8% from 17.5%.

The company’s management also cut its full-year 2026 delivery outlook to 80,000 to 81,000 homes, from 82,000 to 83,000 previously, Proactive reported. Both Barclays and Royal Bank of Canada reduced their price targets on the stock in response, and Bank of America had already carried an Underperform rating heading into the report.

CEO Stuart Miller, who has led the Miami-based company for more than 25 years, said on the call that “interest rates and consumer confidence constrained the improvement that we anticipated going into the quarter.”

Miller also warned that “fewer families can afford to both produce a down payment and qualify for a mortgage.”

Lennar shares have fallen more than 22% this year as high mortgage rates squeeze buyer demand.Brett_Hondow / Getty Images

What Lennar actually does, and why its margins keep shrinking

Lennar is one of America’s largest homebuilders. The company designs, builds, and sells new single-family homes and townhouses across the country, and it runs a financial services arm that provides mortgages, title insurance, and closing services to its buyers. That mortgage arm has become important to Lennar’s sales in a difficult housing market.

To attract buyers affected by high mortgage rates, Lennar has been temporarily lowering customers’ mortgage rates from around 7% to 5.5% by paying the difference itself.

Related: Lennar delivers harsh reality check for housing market

Those incentives protect sales volume, but they affect gross margin, which is why LEN’s profitability has kept declining in 2026.

Barclays cut its price target on Lennar to $70 from $79 on Sept. 20 while keeping an Underweight rating, and Royal Bank of Canada moved its target to $69 with an Underperform rating. Lennar shares closed near $78 on Monday, which is below the average analyst target of about $80, and the stock is down more than 22% year to date.

Taylor Morrison and D.R. Horton show Berkshire’s bigger housing bet

Berkshire’s move is part of a larger push into the housing sector under Greg Abel. In May, the conglomerate agreed to acquire Taylor Morrison for $72.50 per share in cash. The deal closed in July at about $6.8 billion in equity value and $8.5 billion in enterprise value, according to a press release.

Berkshire also holds a position in D.R. Horton, the country’s largest homebuilder by volume, and it already owns Clayton Homes, one of the biggest housing companies in the United States. With Lennar in the mix, Berkshire now has a bigger financial stake in the housing market than almost any other major investor.

More Housing and Berkshire Stocks:

Lennar earnings report shows housing affordability squeeze

Warren Buffett shares his final lesson before stepping back

Mortgage rates hit 7% in 48 hours: Here’s what happened

“Berkshire is acquiring a best-in-class national homebuilder, led by an exceptional team and backed by a trusted reputation for customer experience,” Abel said when the Taylor Morrison deal was announced. His view appears to be that housing rewards patient capital, and Berkshire has plenty of it, with a cash pile of around $400 billion. 

JPMorgan and others estimate the country has a shortage of homes, according to The Motley Fool, and that supply deficit has to close eventually.

What Lennar investors should think about before buying in

Lennar could keep falling if mortgage rates stay above 6.5% and the resale market keeps pressuring builders on price.

Miller himself warned that “active listings nationally are back above historic levels,” and that “when a resale seller cuts price, they are competing directly for our customer.”

Anyone buying Lennar today should be prepared for more margin losses before conditions improve. Berkshire’s own average cost on the position is estimated near $107 per share, which shows that even the world’s best investors are losing money on this bet right now.

Investors who want exposure to housing without betting on a single company can look at the iShares U.S. Home Construction ETF (ITB), which holds Lennar and other major builders. The main signal from Berkshire’s move is that this housing downturn will end at some point, though nobody knows when exactly.

Related: Zillow finds a bigger problem than high mortgage rates

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Why we love this deal

There are certain items you can typically expect to pay top dollar for, and one of those is usually jewelry. In order to get quality and something that’s long-lasting, it’s common to pay a bit more compared to other accessories and pieces of apparel when shopping for bracelets, earrings, and necklaces. That said, just because it’s been the norm doesn’t mean that’s the case for every piece of jewelry you add to your collection. These days, you can find a lot of affordable pieces that look stunning and don’t tarnish, rust, or cause irritation to your skin all without going over budget — meaning you can feel better about what you’re buying, and actually get more options for your money. A great example of this? The Amy and Annette Swarovski Rose Earrings Walmart is selling for an unbelievable price.

As part of a deal, the bestselling caged crystal earrings are 50% off their original $36 price, meaning you can score them in the color of your choosing for just $18. With that $18 you save, you can grab another pair, like the Cultured Pearl Stud Earrings or the Flower Huggie Swarovski Earrings, since both are also on sale right now. 

Amy and Annette Swarovski Rose Earrings, $18 (was $36) at Walmart

Courtesy of Walmart

Shop at Walmart

Why do shoppers love it?

Earrings don’t have to be overly large or over-the-top to catch the eye off someone — because let’s be honest, one of the best parts of wearing anything is when someone else notices it and gives you a compliment. These earrings are fairly petite, but their intricate design is what makes them look truly stunning, no matter what they’re paired with.

Made from brass metal and plated in 14K gold, these earrings all start with a durable but lightweight structure. While raw brass tarnishes super easily the 14K gold plating acts as a barrier to corrosion, oxidation, and deterioration. The brass gives the earrings the strength to hold their shape and keep their quality over time, while the gold plating improves resistance to wear and abrasion, and also gives them a better aesthetic appearance. 

Each earring, measuring 40 millimeters in length and 5 millimeters in width, has a delicate rose design with interlapping lines to give a textured, 3D effect. At the center of the rose sits a Swarovski crystal that looks exceptionally stunning when the light hits it. The design is unique enough to stand out compared to a basic stone stud earring, but still quite simple for someone who doesn’t like something overly flashy.

Related: Walmart has a $110 3-pack of hypoallergenic hoop earrings for 88% off

A lever back closure helps keep the earring securely in place and hinged close, and they’re perfect at providing support for all day wear. They help keep the earrings from weighing down your earlobes in general, but that’s not as much of an issue since these rose earrings are very lightweight. Available in Gold, Rose Gold, and Silver, the earrings are lead- and nickel-free, making them a top choice for those who have sensitive skin and have to be careful with certain jewelry metals. 

Details to know

Material: Swarovski crystals, 14K gold, and brass metal. 

Colors: Gold, Rose Gold, and Silver.

Dimensions: The earrings measure 30 millimeters in length and 15 millimeters in width.

Closure: Lever-back closure.  

Shoppers best describe these earrings as a “delicate statement” piece that are well made, weighted without being super heavy, and large enough where you can recognize their immaculate detailing.The backing is nice and secure, and locks in place which makes it easy to carry about your day when you’re wearing them. No need to worry about them falling out. They “look expensive” and are a great quality item all around for the price. 

Shop more deals 

Juwaliy Birthstone Butterfly Jewelry Set, $57 (was $100) at Walmart

Jeenmata Round Moissanite Solitaire Stud Earrings, $29 (was $39) at Walmart

Amy and Annette Gold Hoop Huggie Earrings, $16 (was $38) at Walmart

With holiday parties coming up, the Amy and Annette Swarovski Rose Earrings would be the perfect addition to your everyday wardrobe. And for only $18, we’re sure that hard-to-shop person in your life with a birthday or celebration coming up would also love a pair. 

Verizon is planning to discontinue a longtime phone service as wireless demand in the U.S. grows rapidly. Consumers are increasingly relying on wireless technology to power streaming services, artificial intelligence, wearables, and more. 

Americans used 159.3 trillion megabytes of data in 2025, according to a recent survey from CTIA, a 20% increase from the previous year. Since 2018, when 5G launched, the wireless industry has spent $250 billion to meet this demand by building sites, upgrading infrastructure and expanding new offerings like 5G home internet. 

Verizon has followed that industry shift by investing heavily in newer technologies. In its first-quarter 2026 earnings report, the company said it expects to spend $16 billion to $16.5 billion on capital expenditures this year, supporting its mobile network, 5G capacity, fiber expansion and broadband services. 

As Verizon and other providers continue shifting toward newer network technologies, some older services are becoming less central to their networks.

Verizon seeks to end landline phone service in 9 states 

This growing reality is why Verizon has asked the Federal Communications Commission for approval to discontinue traditional copper landline phone service in nine states. 

In an FCC filing, Verizon states that it seeks to retire “plain old telephone service” (POTS) in “portions of Arizona, Delaware, New Jersey, New Mexico, Ohio, Rhode Island, South Carolina, Utah, and Virginia,” impacting approximately 277,000 residential and business legacy voice lines. 

Verizon said that it spends billions of dollars annually to maintain its legacy copper network. It emphasized that these costs are “enormous” due to the “rising costs of copper and the need for replacement parts that are increasingly difficult to procure as obsolete equipment is discontinued.” It also warned that copper is “prone to theft.”

Related: Verizon scales back a perk that keeps prices low for customers

“Copper infrastructure is too slow to meet modern needs, many decades old, costly to maintain, and vulnerable to damage and theft,” said Verizon in the filing.

The company said that if the FCC approves this transition, it will be able to “advance the Build America Agenda” by allowing it to “direct investments toward the high-speed networks that Americans want and away from maintaining the legacy copper networks that they are abandoning.”

The request from Verizon follows in the footsteps of AT&T, which is also transitioning away from its legacy copper landline network. AT&T expects to complete this change in 2029.

In a July Light Reading report, Roger Entner, a lead analyst at Recon Analytics, emphasized that the era of the copper telephone loop, which has been around since the 1800s, is “over.”

“A pair of copper wires carries a few megabits on a good day, corrodes in the rain and is worth enough as scrap that thieves cut it out of the ground,” he said. “Fiber carries thousands of times the capacity over the same route and costs less to run once it is in.” 

“Fixed wireless and satellite now reach the hardest addresses for a fraction of what new copper costs to deploy,” he continued. “There is no measure left on which copper wins.”

Verizon plans to retire traditional copper landline phone service, impacting customers in nine states. Shutterstock/Brandon Klein

What this change means for Verizon customers

Verizon has updated its website to outline the benefits customers will see when it replaces these copper lines with “reliable alternatives” such as fiber and wireless. 

It highlights that customers who switch to these newer options can keep their current phone number and continue to access emergency services on legacy devices. Also, the equipment for fiber and fixed wireless services includes battery backup to keep customers connected during power outages.

Verizon clarifies that it will not discontinue a customer’s existing copper voice service if the customer lacks access to a replacement service.

It informs customers that “no immediate action is required” and that their service will “continue without interruption.” The carrier also said it will provide customers affected by the change with a written notice.

In a Facebook post, a Verizon customer shared a letter they received about the change. The carrier states in the notice that the change, which is subject to FCC approval, will occur “on or after November 30, 2026.”

It specifically highlights that the services that are being discontinued are “copper-based dial tone base home phone service” offered as “Residence Dial Tone Service,” “Basic Service Access Line,” and “Individual line.”

Verizon also states that impacted customers “will have at least one fiber, cable, or mobile wireless voice option available. Many customers will be able to choose modern Verizon voice service over wireless or fiber.”

Verizon sees stronger wireless and fiber demand 

The move from Verizon comes as the company continues to see growth in its wireless and fiber internet businesses. 

In the second quarter of 2026, Verizon added 184,000 postpaid phone customers and 155,000 fiber broadband customers during the quarter, according to its latest earnings report. 

However, Verizon is seeing demand dip for its fixed wireless access (FWA) internet service. It gained only 193,000 new FWA customers during the quarter, which is 30.6% fewer than it added in the same time period in 2025. 

More Verizon News:

Verizon CEO doubles down on removing free offers for customers

Verizon shuts down longtime customer support option after layoffs

Verizon acquires 35-year-old wireless carrier as it shuts down

Verizon CEO Dan Schulman said on an earnings call in July that more customers are joining the company’s fiber internet service than its FWA service, driven by its rapid fiber expansion. 

To help fuel growth in its wireless and broadband businesses, Verizon recently rolled out new offerings targeting value-conscious customers. In June, it launched its Simplicity plan, which offers customers wireless service for $45 a month.

It also introduced its Verizon One plan, which offers combined mobile and home internet service for  $70 per month. 

Related: T-Mobile and Verizon face a new broadband rival

Thirty-eight of the 100 CoinDesk 100 constituents were lower on the day, with bitcoin cash up 32% over 24 hours on a CME futures listing.

The exchange, co-founded by Arthur Hayes, stopped trading and deposits, but says users can still log in and withdraw funds as its wind-down continues.