Good morning. Shares in the homebuilder Lennar fell 4 per cent yesterday after the company said it was cutting prices and offering incentives to draw in customers struggling to afford a home. Should the employment picture — now fine but no better than that — worsen, the housing market could go from weakness to real distress. Email us: unhedged@ft.com
Big Tech’s AI business models
We’ve looked at charts like this before:
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