Donald Trump's meme stock fell on Monday, just like it has fallen on most of the 14 days it has traded on the Nasdaq stock exchange. It closed at $26.61 per share, down 18% from Friday's close and down 66% from its March 26 high of $79.38.
Why it matters: Trump's shareholding in Trump Media and Technology Group accounts for most of his net worth.
The U.S. Supreme Court on Friday ruled that shareholders can't sue companies under federal fraud law for not disclosing information about future risks — unless the omission makes another statement misleading.
Why it matters: SCOTUS threw companies a big bone in an age of increasing discourse over what they should disclose beyond traditional financials.
Barry Diller, the chair of the internet holding company IAC, has tapped two media industry veterans to shake up The Daily Beast and has granted them a stake in the outlet.
Why it matters: The publication, hailed as "one of the fastest-growing news and information sites" in 2015, has since succumbed to the same challenges plaguing the rest of the digital news industry.
Andreessen Horowitz closed on $7.2 billion for its newest set of funds, Axios has learned.
Why it matters: Even in a muted fundraising environment, legacy firms can beat their own fundraising goals (a16z's marketing had cited a $6.9 billion target).
While the rising cost of auto insuranceis pushing up the official inflation rate, there's a stealth insurance cost that isn't showing up in the Consumer Price Index: homeowners insurance.
Why it matters: Along with high mortgage rates and record home prices, soaring insurance rates are just one more thing putting pressure on the cost of homeownership.
U.S. cities that blazed the marijuana legalization trail now have a high concentration of 420-friendly vacation rentals, a new study by Upgraded Points shows.
Salman Rushdie said the U.S. faces a "bad moment" for free speech, with censorship pushes coming from the left and right of politics.
The big picture: In his first major TV interview since the stabbing onstage in New York that nearly killed him, the British-American author told CBS' "60 Minutes" in an interview airing Sunday "there seems to be a kind of growing orthodoxy, particularly amongst young people, that censorship … is a good thing."
Here's an investment strategy that has consistently outperformed during the 2020s: Bet that the US economy is going to run hotter than either the stock market or the bond market expects.
Why it matters: That strategy is the exact opposite of the way traders made money in the 2010s, which was to bet that the recovery from the 2008-09 global financial crisis would be slower and feebler than the market was hoping.
