(Reuters) – Trump Media (DJT) & Technology Group’s key shareholder, ARC Global Investments, has unloaded nearly all its stake in the media company, it said in a regulatory filing on Thursday. ARC and its manager Patrick Orlando now hold about 0.01% stake, down from more than 5% or over 11 million shares in September. Orlando was the former CEO of the blank-check company Digital World Acquisition that took Trump Media
View looking towards the Royal Exchange and in the City of London where the glass architecture of the tower 22 Bishopsgate disappears into mist on 6th November 2024 in London, United Kingdom. Mike Kemp | In Pictures | Getty Images Britain’s motor finance industry is in disarray, with analysts warning of worst-case scenarios similar in magnitude to the country’s costliest consumer banking scandal. The burgeoning crisis stems back to a
Fed Chair Jerome PowellKent Nishimura/Getty Images Stock indexes retreated as investors digested Thursday commentary from Fed Chair Jerome Powell. The odds of a 25-basis-point rate cut in December fell sharply after Powell’s address. Bond yields also climbed on the comments, and amid signs of economic strength. US equities slumped Friday morning as Wall Street pulled back rate-cut expectations for December. The scaling-back started on Thursday afternoon after Federal Reserve Chair
With President-elect Donald Trump vowing to pull the plug on the $7,500 tax credit for buyers of electric vehicles, one EV maker and its billionaire owner are fully behind the idea and even stand to profit from it. “Take away the subsidies, it will only help Tesla,” Tesla owner Elon Musk posted in July on X, the social media platform he owns. The credit granted to buyers of EVs helped
Super Micro Stock Sees a Group Take a Large Stake Ahead of Potential Delisting Source link
Edith Yeung, general partner at Race Capital, and Larry Aschebrook, founder and managing partner of G Squared, speak during a CNBC-moderated panel at Web Summit 2024 in Lisbon, Portugal. Rita Franca | Nurphoto | Getty Images LISBON, Portugal — It’s a tough time for the venture capital industry right now as a dearth of blockbuster initial public offerings and M&A activity has sucked liquidity from the market, while buzzy artificial
A few decades ago, you’d made it if you hit that magic million-dollar mark. You were rich. These days, though, with skyrocketing costs and social media awash with luxury-laden highlights, it can feel like everyone’s got a cool million in their back pocket. The truth? That’s more illusion than reality. As financial guru Dave Ramsey put it: “8 out of 10 people probably can’t afford the home they’re living in
Expert on tips to boost your finances before the new year – CBS News Watch CBS News With just six weeks left in 2024, Jill Schlesinger shares practical tips to help you save or even earn extra cash by the new year. Be the first to know Get browser notifications for breaking news, live events, and exclusive reporting. Not Now Turn On Source link
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U.S. Securities and Exchange Commission Chair Gary Gensler testifies before a House Financial Services Committee oversight hearing on Capitol Hill in Washington, D.C., on Sept. 27, 2023. Jonathan Ernst | Reuters Securities and Exchange Commission Chairman Gary Gensler spoke this morning at the Practising Law Institute’s 56th annual conference on securities regulation. It sounded awfully close to a farewell speech. “It’s a remarkable agency,” Gensler said of the SEC, which
