Trump, stock and tariffs
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Associated Press News |
Financial markets around the world have broadly been shaky lately because of uncertainty about Trump’s trade war.
Reuters |
U.S. President Donald Trump has for weeks pegged April 2 as a "Liberation Day" to impose an array of new tariffs that could upend the global trade system, but has provided few details.
BBC |
Trump's tariffs, which he imposed via executive order, are expected to send economic shockwaves around the world.
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Newsmax, meme stock
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CBS News |
The IPO provides Newsmax with a valuation of more than $10 billion, based on the number of shares outstanding according to a regulatory filing.
NBC New York |
At one point, the rally gave the company a market capitalization of nearly $30 billion — surpassing the market cap of legacy media companies like Warner Bros. Discovery and Fox Corp.
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At the end of Wednesday's trading, Newsmax shares had fallen to $52.52, a drop of over $180 from Tuesday’s close of $233, marking a loss of 77.5 percent. The network’s market
Newsmax's shares closed with a more-than-eight-fold gain at $83.51 on Monday, partly buoyed by retail interest.
(Reuters) -Shares of Truth Media & Technology Group, the parent company of President Donald Trump's Truth Social platform, plunged more than 6.5% on Wednesday after the company filed papers that would allow the president's trust to sell a large number of shares.
Newsmax debuted on the New York Stock Exchange on Monday and surged over 500% in the first few hours of trading, leading to nearly a dozen trading halts following its initial public offering, as its market cap surged to more than $5.5 billion.
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Babcock & Wilcox's stock closed Tuesday at an all-time low 46 cents per share. On quarterly earnings call, executives discuss looming debt deadlines.
The New York Stock Exchange launched its Texas exchange with its first listing by Trump Media & Technology Group.
Trump Media & Technology Group said on Monday it has become the first company to be listed on NYSE Texas, handing an early boost to the exchange as it gears up for fierce competition in the Lone Star state.
Equity Stock Transfer congratulates Chris Ruddy and Newsmax on this milestone and thanks the team at Digital Offering and Vinyl Equity for their assistance in processing the transfers. Equity Stock Transfer through its relationship with Vinyl Equity helped achieve this success using custom systems software jointly developed to service large private offerings which utilize general solicitation and advertising for investors as allowed under the Jobs Act and Regulation D under the Securities Act of 1933.