stocks

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In 'Major Moment' for Trump Media, Stock Takes a New Dip

Restrictions lift on Trump, others being able to sell shares, with price dropping to record low of $13.73

(Newser) - Stock for Trump Media and Technology Group , the parent company behind Donald Trump's Truth Social platform, hasn't been faring so well in recent weeks, though everyone has been waiting to see what happened Friday, when lockup restrictions barring the former president and other investors from selling their shares...

Trump Media Stock Takes a Beating
Trump Media Stock
Hits a Fresh Low
UPDATED
Sep 4, 2024 10:00 AM CDT

Trump Media Stock Hits a Fresh Low

It sank below the $18 mark for first time on Tuesday

(Newser) - Trump Media stock hit a new low on Tuesday, falling below the $18-per-share mark for the first time. Quartz reports the stock price went as low at $17.72 during trading but closed at $18.08. That's a drop of more than 75% from the company's March 26...

The Average American Is Worth More Than Tim Walz
The Average American Is
Worth More Than Tim Walz
the rundown
Aug 8, 2024 11:43 AM CDT

The Average American Is Worth More Than Tim Walz

VP nominee doesn't own stocks, is thought to be worth $330K, unusual for a high-profile candidate

(Newser) - In the week of getting to know Democratic vice presidential candidate Tim Walz, focus has turned to the Minnesota governor's finances—or what CNBC describes as a "modest financial profile" that stands "in stark contrast to that of Republican presidential nominee Donald Trump."
  • For one thing,
...

Trump Sees a Surge in Wealth, 2024 Chances

He just gained $1.2B in Trump Media stock and a really good chance at the presidency, as crypto soars

(Newser) - In a few short days, the assassination attempt on former President Trump has boosted his wealth and his chance of securing the presidency for a second time. The Economist's prediction model now has Trump with a 75% chance of winning the November election, CBS News reports. "[T]he events...

Roaring Kitty's Cryptic Dog Post Foreshadowed a Big Trade

SEC filing indicates Keith Gill is now Chewy's 3rd biggest shareholder

(Newser) - The image of a cartoon dog he posted Thursday was a clue. Monday brought the confirmation. Meme stock trader "Roaring Kitty" has taken a leading stake in online pet retailer Chewy, per an SEC filing. CNBC reports Roaring Kitty, born Keith Gill, purchased just north of 9 million shares;...

Inside Nvidia's Crazy 10-for-1 Stock Split

AI company's market value, revenue are going bonkers

(Newser) - Nvidia has begun trading for the first time on the basis of a new 10-for-1 stock split , one that gives investors nine additional shares for every one that they already own, reports the AP . The chipmaker has seen soaring demand for its semiconductors, which are used to power artificial intelligence...

Disney Finally Gets Activist Investor Off Its Back

Nelson Peltz reportedly dumps his entire Disney stake after losing proxy battle, makes $1B in profit

(Newser) - Last month, the "most expensive corporate proxy fight in history" ended for Nelson Peltz without the seats on Disney's board that he'd hoped for. Now, the activist investor is dumping all of his stock in the company: A source tells CNBC that Peltz has sold off his...

Dow Reaches 40K for the First Time
Dow Reaches 40K
for the First Time
May 16, 2024 9:43 AM CDT

Dow Reaches 40K for the First Time

Index crosses another milestone

(Newser) - The Dow is now in uncharted territory. The stock market index reached 40,000 for the first time ever in trading on Thursday, reports CNBC and the Wall Street Journal . Markets have been rising this week thanks to a report suggesting that inflation was slowing down. The benchmark S&P...

Truth Social Roller Coaster Sees Another Stock Plunge

Company's shares are at lowest since trading debut, though the volatility is hard to read

(Newser) - Last month, Donald Trump's net worth got a brief boost , thanks to the merger of Truth Social parent company Trump Media and Technology Group with Digital World Acquisition Corp. This month, it's a different story, with NPR reporting that Truth Social shares are "slumping." Most recently,...

'Monster' Stock Rally Sets Dizzying Record for the 1%

America's richest claimed collective net worth of $44T in Q4 of 2023, thanks to soaring stocks

(Newser) - By most objective measures, stocks are soaring of late, with the market on Thursday notching its best first quarter in five years. Who should be particularly stoked: America's richest 1%, a demographic that CNBC reports was able to claim a combined net worth of $44 trillion in Q4 of...

As Oprah Exits, WeightWatchers Stock Tanks

Shares fell 27% following Winfrey's announcement

(Newser) - Oprah Winfrey is leaving WeightWatchers. The TV personality and podcast host who's served on the company's board of directors since 2015 announced late Wednesday that she won't stand for reelection at the annual shareholders meeting in May. One of the company's biggest shareholders, Winfrey also said...

Amazon Just Made It to the Big Time on Wall Street

E-commerce giant joins Dow's blue chips, bumps Walgreens ahead of Walmart stock split

(Newser) - Amazon is joining the ranks of one of Wall Street's oldest and most exclusive stock indexes: the Dow Jones Industrial Average. The e-commerce pioneer will officially take its position in the 30-company Dow before the open of trading Monday, replacing drugstore operator Walgreens Boots Alliance, per the AP . S&...

In This Microsoft vs. Apple Battle, Microsoft Notches a Win

Software giant now has the most valuable stock in the world, with a 3.3% gain since new year began

(Newser) - For the first time in more than two years, Apple doesn't rule the stock valuation roost. CNBC reports that the tech giant was toppled on Friday by Microsoft as the most valuable public company. Microsoft ended the workweek with a market valuation of $2.89 trillion, compared to Apple'...

2 Men's Stock Moves Raise Eyebrows
2 Men's Stock Moves
Raise Eyebrows
Aug 16, 2023 11:15 AM CDT

2 Men's Stock Moves Raise Eyebrows

Michael Burry, Warren Buffett may be betting on a downturn

(Newser) - Do Michael Burry of Big Short fame and Warren Buffett see something we don't? That's the question CNN and others are asking based on SEC filings released Monday. In late June, Burry's Scion Asset Management fund purchased $866 million in put options against a fund that tracks...

The Timing of These Trades Is 'Exquisite.' And a Little Fishy?

ProPublica looks at how corporate execs make millions buying and selling stocks of rival firms

(Newser) - Corporate execs appear to have a handy way to make a lot of money for themselves—buying and selling stocks of rival companies. ProPublica conducted a first-of-its kind analysis of such trades and discovered that lots of executives have an uncanny knack for making profitable trades with what it calls...

As Tesla Stock Tanks, Musk Has a Message for Staff

CEO assures employees that, one day, 'Tesla will be the most valuable company on Earth!'

(Newser) - Short sellers are celebrating Tesla's plummeting stock prices , but investors aren't happy, and they're now begging CEO Elon Musk—who's sold off billions of dollars worth of his shares to help fund his newest company, Twitter—to stop dumping his stock. Tesla employees are also likely...

Democrat Wants New Leaders After Stock Ban Stalls

Pelosi brings the issue up just before recess

(Newser) - House Democratic leaders are taking heat for their handling of legislation to bar lawmakers from trading stocks. Rep. Abigail Spanberger, the Democrat who introduced the bill two years ago with support from both parties, issued a statement Friday saying House leaders had set the legislation up to fail, bringing the...

20-Year-Old Makes $110M on Bed Bath & Beyond Stock
20-Year-Old Makes $110M
on Bed Bath & Beyond Stock
in case you missed it
Aug 21, 2022 4:45 PM CDT

20-Year-Old Makes $110M on Bed Bath & Beyond Stock

Jake Freeman is a student at USC

(Newser) - A 20-year-old USC student did a little stock trading over the summer—and banked about $110 million for his trouble. Filings with the Securities and Exchange Commission reveal that Jake Freeman made the mind-boggling profit solely from his purchase and subsequent sale of Bed Bath & Beyond stock, reports MarketWatch...

Musk Does What He Said He Wouldn't
Musk Does
What He Said
He Wouldn't
Aug 10, 2022 8:37 AM CDT

Musk Does What He Said He Wouldn't

Billionaire sells $6.9B in Tesla stock in case his $44B purchase of Twitter goes through

(Newser) - Elon Musk has reneged on his vow not to sell more Tesla stock. The billionaire just sold $6.9 billion in stock in the company ahead of a court battle that could force him to follow through on his earlier offer to buy Twitter. He sold 7.92 million shares...

Dow Jumps 500 Points, but Is It a 'Dead Cat'?

Market is opening strong, though analysts disagree on whether the rally will be fleeting

(Newser) - The stock market was making big moves again on Tuesday, but this time in a direction that should make investors happy. The Dow jumped more than 500 points in early trading on Tuesday to reclaim its 30,000 threshold. The rise of 1.6% was eclipsed by the benchmark S&...

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