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The merger of Truth Social’s parent company and the special purpose company set up to acquire it was completed Monday. Shares of the combined company, which will be named Trump Media & Technology Group (TMTG), are expected to begin trading on the Nasdaq stock exchange under the ticker symbol DJT. TMTG, as a publicly traded company, will continue to be led by Chief Executive Officer, Devin G. Nunes, and its existing management team. Shares of DWAC, the special acquisition vehicle, soared on Monday. At around noon, they were up by more than 20 percent.

Following its SPAC merger in August, shares of VinFast Auto (NASDAQ:VFS) went on one almighty tear, going from its $11.10 debut price to $93 over the space of two weeks, with the Vietnamese electric vehicle (EV) maker’s market cap soaring to $190 billion at some point, making it briefly the world’s third most valuable carmaker, only behind EV colossus Tesla and auto giant Toyota. The comedown, however, as you might expect following such an unlikely surge, has been fast and brutal, with the shares now trading 46% below the debut price. While the improbable former valuation has now come down...

1. Getting high on marijuana while flying high on private jets Neumann had a penchant for pot, many former colleagues have said, and seemed to especially like to partake in marijuana while riding on private jets. 2. Mixing layoffs and tequila But sometimes alcohol and partying were mixed with work in thoughtless ways. One report said that just weeks after Neumann fired some 7% of his staff in 2016, he addressed the cost-cutting efforts during a somber all-hands meeting, saying it was tough but necessary and the company would be better because of it. He then, however, had employees carrying...

A panel of the New Orleans-based 5th U.S. Circuit Court of Appeals on Oct. 18 struck down lawsuits challenging a Nasdaq stock market rule requiring companies listed on the exchange to have "diverse" directors on their boards or explain why they don't. In a lengthy opinion, the appeals court rejected lawsuits seeking to block the rule by the National Center for Public Policy Research and the Alliance for Fair Board Recruitment, a group formed by conservative legal activist Edward Blum. The rule at the center of the lawsuit was approved by the Securities and Exchange Commission (SEC) in August 2021.

US stocks wavered Wednesday after an unexpected interest rate hike from Canada, a surprise drop in Chinese exports and economic headwinds flagged by the Paris-based Organization for Economic Cooperation and Development (OECD) stoked fresh concerns about global growth. The S&P 500 (^GSPC) slipped 0.38%, while the Dow Jones Industrial Average (^DJI) gained 0.29%, or less than 100 points. The technology-heavy Nasdaq Composite (^IXIC) fell 1.29%. The Nasdaq 100 (^NDX) came under pressure as shares of Alphabet Inc. (GOOG) and Microsoft Corporation (MSFT) drifted lower by about 3%, respectively. The megacap tech companies had helped push the S&P 500 near a...

Stocks fell on Monday with the Nasdaq Composite index falling to the lowest level in two years as tech shares continue to be the hardest hit in this bear market because of a spiking interest rates. The Nasdaq Composite fell more than 1.3% to touch its lowest levels since September 2020, weighed down by a slump in semiconductor stocks such as Nvidia and AMD. The S&P 500 also fell, dragged down by semi stocks and dips in major tech names Apple and Microsoft. The benchmark lost about 0.78%.

House Speaker Nancy Pelosi hemmed and hawed again last week about the House plan to rein in sketchy trades by members of Congress and their families, making empty noises about getting it done in the wake of a brutal New York Times report ID’ing almost 100 members — nearly 20%! — who reported trades in apparent conflict with their duties as overseers of laws and regulations around American industry in 2019-’21. She’s plainly stalling, and for obvious reasons: Pelosi’s a byword for such trades with her husband — financier Paul Pelosi — making moves that regularly beat the market, often...

Again, it’s difficult to say with a high degree of certainty, but stock investors will likely experience a bumpy ride over the next 6-12 months. The timing is possibly the most uncertain element here. Higher interest rates and a smaller money supply will reduce loan growth and economic activity. No question on that. However, will the Fed go too far and push the economy into recession? Globally, most of the world’s central banks are on a similar path as the U.S. Federal Reserve. For example, Europe, the U.K., and India are all raising interest rates. China, however, is not. Europe...

NEW YORK (Reuters) - U.S. stocks rallied on Wednesday and the Nasdaq posted its biggest daily percentage gain since April 2020 as the Federal Reserve raised interest rates as expected and comments by Fed Chairman Jerome Powell reassured investors. In addition, upbeat quarterly reports from Microsoft Corp and Alphabet Inc provided further encouragement about about the earnings season. The S&P 500 closed at its highest level since June 8. The Fed raised the benchmark overnight interest rate by three-quarters of a percentage point. The move came on top of a 75 basis points hike last month and smaller moves in...

U.S. stocks were sharply higher on Tuesday as the market tried to bounce after a punishing bear market for the tech-heavy Nasdaq and a 19% pullback for the S&P 500. The Dow Jones Industrial Average jumped more than 300 points, or 1.2%. S&P 500 gained 1.4%, while the Nasdaq Composite added 2%. Tuesday’s bounce marks the market’s latest attempt at a recovery following weeks of steep losses. The S&P 500 is coming off a six-week losing streak — its longest since 2011.

The headline screamed “NASDAQ PLUNGES 5%! True, it did, but it simply lost the gain’s from yesterday’s surprisingly mild Fed announcement. But the 10-year Treasury yield is rising faster than my blood pressure. The 10-year Treasury yield is up to 3.09%. Cryptos? Bitcoin is down -7.27% and Dash is down -8.23%. Watch out mortgage rates!! Don’t panic … about the NASDAQ. EVERYBODY PANIC about rising mortgage rates.

Despite the stock market's recent sell-off, sticking to your investment plan is still the best strategy. There's evidence that the market may bounce soon in what is known as a relief rally. It's important to remember that even though this year has been tough, the stock market always rebounds eventually. The market has been tough this year. Really tough. Year-to-date, the S&P 500 is in correction territory, down over 12%, and the NASDAQ? Forget about it. It's in a bear market, down over 20%. You don't even want to know how much some of last year's high-flyers are down. Let's...

U.S. stocks sunk Friday with the Nasdaq Composite notching its worst month since 2008, as Amazon became the latest victim in April’s technology-led sell-off. The tech-heavy Nasdaq Composite fell 4.2% to 12,334.64, weighed down by Amazon’s post-earnings plunge. The S&P 500 retreated by 3.6% to 4,131.93. The Dow Jones Industrial Average shed about 940 points, or 2.8%, to 32,977.21.

U.S. stocks fell Tuesday as technology shares struggled, continuing the April sell-off. The Dow Jones Industrial Average shed about 240 points, or 0.9%. The S&P 500 lost 1.1%. The tech-heavy Nasdaq Composite retreated 2.2%.

Is this the bubble burst many were expecting once The Federal Reserve starting raising rates? Well, if today’s market opening is an indication, the answer is yes. The NASDAQ Composite Index is down 1.36% and West Texas Intermediate Crude Oil futures prices are down 2%. But if you think the US equities are deflating, look at European equities. The Euro Stoxx 50 index is down 3.20%. Is this a Don Ho “Tiny Bubble” burst? Or a slow deflation of asset prices as The Fed removes its stimulus?

For Bitcoin, there’s only been one constant recently: decline after decline after decline. And the superlatives have piled up really quickly. With the Federal Reserve intending to withdraw stimulus from the market, riskier assets the world over have suffered. Bitcoin, the largest digital asset, lost as much as 8.7% Friday and dropped below $38,000 to its lowest level in six months. Since its peak in November, it has lost 40% of its value. Other digital currencies have suffered just as much, if not more, with Ether and meme coins mired in similar drawdowns. Bitcoin’s decline since that November high has...

A group of Republican-led states slammed Nasdaq’s implementation of a diversity disclosure rule for corporate boards this week, arguing in a court filing that the requirement is illegal and unconstitutional. The states outlined their position in a legal brief supporting a lawsuit in the Fifth Circuit Court of Appeals, which seeks to block the rule. In the filing, the GOP administrations argued that Nasdaq rule “violates both the Constitution and exceeds the SEC and Nasdaq’s statutory authority.” “It is unconscionable to see discrimination so blatantly put on display by requiring these companies to hire employees based solely on race, sex,...

— Tremendous growth from 1.6 million average monthly active users in Q3 2020 to a record 36 million average monthly active users in Q3 2021 — 44 million monthly active users in August 2021 — Viewer engagement grew 44x from Q2 2020 to Q3 2021 to 8 billion minutes watched per month[1] — Transaction is expected to provide approximately $400 million in proceeds[2] to Rumble, including a fully committed PIPE of $100 million at $10.00 per share and $300 million of cash held in the trust account of CFVI — Transaction values Rumble at an enterprise value of $2.1 billion[3]...

And just like that, it was gone...Nasdaq has roared back from its Omicron-triggered losses after President Biden said - despite some fearmongering over the need for vaccines ("cause for concern but not for panic") for the "omNicron" variant (that he just could not say correctly) - "...US won't need shutdowns, lockdowns this winter."Biden went on to say that "vaccines are the reason why lockdowns are off the table," but added that he "encourages people to wear masks when indoors with crowds."Will that be Biden's "Read my lips" moment?Despite there being no need for a lockdown, he is maintaining his 'racist'...

"Virtue in motion" There are things you won't see unless you are with me in the spirit so stay close to the hem of my garment and robe yourself in true grace for I am virtue in motion and you are my breath I breathe over others and my hands of hope that touch and heal. Now walk and live in me alone sacrificing all for we are about to call my sheep as never before as I pour out my spirit upon all flesh and they shall dine with me as they take in my sacrifice for all creation...