Trump, Asian markets and Newsmax stock
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Associated Press News |
Asian markets and U.S. futures tumbled Thursday following U.S. President Donald Trump’s announcement of big increases in tariffs on imports of goods from around the world.
Reuters |
U.S. President Donald Trump has for weeks pegged April 2 as a "Liberation Day" to impose an array of new tariffs that could upend the global trade system, but has provided few details.
Reuters |
Oil prices dropped $2 on Thursday after U.S. President Donald Trump announced reciprocal tariffs on trading partners, stoking concerns that a global trade war may dampen demand for crude.
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3hon MSN
U.S. stocks whipped through another dizzying day before President Donald Trump’s unveiling of his “Liberation Day” tariffs.
(Reuters) -Shares of Truth Media & Technology Group, the parent company of President Donald Trump's Truth Social platform, plunged more than 6.5% on Wednesday after the company filed papers that would allow the president's trust to sell a large number of shares.
Newsmax's shares closed with a more-than-eight-fold gain at $83.51 on Monday, partly buoyed by retail interest.
Retail traders on Stocktwits were buzzing, with some skeptical that the huge gains could continue. Newsmax saw its market cap soar to $20 billion Tuesday.
Newsmax debuted on the New York Stock Exchange on Monday and surged over 500% in the first few hours of trading, leading to nearly a dozen trading halts following its initial public offering, as its market cap surged to more than $5.5 billion.
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Newsmax's share price soared when it started trading Monday on the New York Stock Exchange under the ticker "NMAX."
Babcock & Wilcox's stock closed Tuesday at an all-time low 46 cents per share. On quarterly earnings call, executives discuss looming debt deadlines.
The New York Stock Exchange launched its Texas exchange with its first listing by Trump Media & Technology Group.
The move could bolster Intercontinental Exchange-owned NYSE, which on Monday became the first exchange to operate in Texas.