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 of tipping off his […]
Attorneys for defendant Bruce Garelick said he was innocent and did not tip off anyone.
The U.S. equities market finished higher Friday as technology stocks rallied, with all three major benchmarks booking weekly gains. The Dow Jones Industrial Average rose 153.86 points, or 0.4%, to close at 38,239.66. The S&P 500 gained 51.54 points, or 1%, to finish at 5,099.96. The Nasdaq Co
Shares of Trump Media & Technology Group Corp. were having another good week, as Chief Executive Devin Nunes continued his assault on so called
Google parent Alphabet Inc. officially joined the coveted $2 trillion club on Friday, becoming only the fourth U.S. company in history to hit the market-capitalization milestone. Alphabet shares have punched higher in April, with its stock surging 10.2% on Friday — its best daily climb since July 2
Elie Mystal By covering the Supreme Court’s hearing of Trump’s immunity claim as if the court were impartial and nonpartisan, the media has done the American people a serious disservice.
Former President Donald Trump has secured an additional $1.8 billion worth of shares in Trump Media, according to a regulatory filing this week. Based on the company’s stock hitting certain price benchmarks, Trump was awarded an additional 36 million shares in the company that owns his social media platform Truth Social. That brings his total ownership to more than 114 million shares, which based on Wednesday morning’s stock price, are worth $5.7 billion. For now, the value of those shares...
A price floor means ex-president gets bonus even though Trump Media & Technology Group’s stock value has plummetedFormer president Donald Trump qualified for a bonus worth $1.2bn after shares in his social media company remained above a certain value despite falling sharply.Trump is poised to receive 36m additional shares in Trump Media & Technology Group (TMTG), owner of his Truth Social platform, under an “earn-out” windfall which boosts the paper value of his stake in the business to about...
Imagine a large group of activists assembled outside the White House, peacefully protesting a recent decision by the president. They are waving signs denouncing the new policy, holding banners demanding change and chanting slogans about that president. As their numbers begin to swell, as their voices grow louder, the president issues an order to military commanders: Take them out. Our military leadership would then be faced with an impossible choice. They’d either have to follow the clearly...
Broadcasters TV2 in Hungary and 1+1 in Ukraine have picked up Magnum Media in the UK’s entertainment format The 1% Club. Both local versions will go into production this summer and premiere later thi
Trump, who owns a majority stake in Trump Media and Technology Group, is due to receive an additional 36 million shares of the company on Tuesday.
Ken Griffin’s Citadel Securities claimed Devin Nunes would be ‘fired on The Apprentice’ amid stock trading rowThe CEO of Donald Trump’s social media empire was branded a “proverbial loser” whom the former president “would have fired on The Apprentice” by a trading firm owned by the billionaire Republican donor Ken Griffin on Friday.In an extraordinary statement, Citadel Securities accused Devin Nunes, chief executive of Trump Media & Technology Group (TMTG), of trying to deflect blame for the...