May 20, 2024
Finance

Trial begins for financial executive in insider trading case tied to taking Trump media firm public

NEW YORK (AP) — An insider trading trial began Tuesday for a financial executive charged with enabling his boss and others to make millions of dollars illegally on news that an acquisition firm would be taking former President Donald Trump’s media company public. In an opening statement, Assistant U.S. Attorney Elizabeth Hanft accused Bruce Garelick

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Finance

Trump Media stock jumps for second day as company goes to battle with short sellers

Trump Media & Technology Group stock (DJT) jumped over 25% Thursday as the company tried to fend off short sellers amid a volatile trading week. According to an updated FAQ page on the Trump Media website, which is also included in a new securities filing posted Wednesday, the company is advising investors on ways to

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Finance

Trump Media stock tanks on move to issue millions of shares

Trump Media & Technology Group (DJT) stock continued to fall Tuesday after sinking 18% on news the parent company of Donald Trump’s social media platform Truth Social had filed to issue more than 21 million shares. The stock slid to close at $26.61 on Monday in an extension of last week’s sell-off and fell over

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Finance

Market strategist explains the 3 hallmarks of meme stocks

Meme stocks are making a resurgence as the broader stock market ends the first quarter on a strong note. Though the meme stock frenzy hasn’t quite reached the same intensity as it did in 2021, when GameStop (GME) and AMC (AMC) stocks catapulted to new heights, the meme phenomenon has continued in a concentrated handful

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