DJT Trump Media stock price fell 165%

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This photo illustration shows an image of former President Donald Trump reflected in a phone screen displaying the Truth Social app, in Washington, DC, on February 21, 2022. Stefani Reynolds | AFP | Getty Images The Trump Media sell-off accelerated on Thursday, with shares of former President Donald Trump’s company falling as much as 15% … Read more

Construction of new U.S. homes falls to the slowest pace since June 2020

(Bloomberg) — U.S. new home construction fell to the slowest pace in four years in May as longer-term interest rates undermine the housing sector’s momentum from earlier this year. Most read from Bloomberg The number of housing projects fell 5.5% to 1.28 million on an annual basis last month, according to government data released Thursday. … Read more

Snap agrees to pay $15 million to settle gender discrimination lawsuit

Snap Inc., the parent company of Snapchat, has agreed to pay $15 million to settle a gender discrimination lawsuit from the California Civil Rights Department. The lawsuit stemmed from a three-year investigation that found Snap allegedly failed to “ensure that women were paid or promoted equally.” The allegations cover Snap’s period of rapid growth from … Read more

Nvidia and Dell will work together to build new xAI infrastructure

Dell Technologies (DELL) has announced a new partnership with Nvidia (NVDA) to build an AI factory for xAI, Elon Musk’s artificial intelligence company. In a parallel development, Musk indicated that xAI will also explore the use of Super Micro Computer (SMCI) server solutions. Morning Brief hosts Brad Smith and Madison Mills explain the details. For … Read more