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TMTG stock has plunged 53% from its intraday peak two weeks ago, slashing Trump's net worth. AdvertisementDonald Trump has crashed out of the ranks of the world's 500 wealthiest people after the value of his meme stock nosedived. The former president has fallen off the Bloomberg Billionaires Index as his net worth has dropped below the $5.8 billion required to make the cut. AdvertisementTMTG shares hit an intraday high of $79 on March 26, valuing Trump's stake at close to $6.3 billion. That's still more than 1,200 times the $4.1 million of revenue it earned last year, which fueled a net loss of $58 million for Truth Social's parent company.
Persons: Donald Trump, , Forbes, Trump, George Soros, Mark Cuban, Giorgio Armani, Reed Hastings, Bernie Marcus, Ralph Lauren, TMTG Organizations: Service, Bloomberg, Trump Media & Technology, TMTG, Paramount, Etsy, Hasbro, American Airlines Locations: Monday's
Donald Trump's net worth has jumped $4 billion this year to $7.2 billion, per Bloomberg's rich list. The former president is richer than George Soros and set to surpass Mark Cuban and George Lucas. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementDonald Trump is now richer than George Soros — and is set to overtake Mark Cuban too. The former president's net worth has soared by more than $4 billion this year to an estimated $7.2 billion, per the Bloomberg Billionaires Index.
Persons: Donald Trump's, George Soros, Mark Cuban, George Lucas, Trump, , Donald Trump, George Soros —, Reed Hastings, Gordon Getty, Bernie Marcus Organizations: Service, Bloomberg, Trump, Netflix, Home, Business
The Dells contributed nearly $976 million to their charitable funds, which distribute gifts to a wide array of charities. Together, the 50 donors on the list contributed a total of $11.9 billion to charity in 2023. Only 23 of the richest Americans on the Forbes 400 list donated enough to appear on the Philanthropy rankings. 13 on the list, they contributed $210 million to the Institute for Protein Innovation, which shares its data with scientists for free. _____Maria Di Mento is a senior reporter and Jim Rendon is a senior writer at the Chronicle of Philanthropy, where you can read the full article.
Persons: Michael Bloomberg, Phil Knight, Penny, Michael Dell, Susan, Bill Gates, Melinda French Gates, Bernie Marcus, Ken Langone, Arthur Blank, , , Renee Kaplan, — Franklin Antonio, Hugh Hoffman, , Tim Springer, Chafen Lu, Diego’s Jay Kahn, Lauder, Sergey Brin’s, Michael J, Robert Kraft, Lucia Woods, David, Kathleen LaCross, Pierre Omidyar, Pam, They’re, John, Laura Arnold, Laura, ” Laura Arnold, Wendy Schmidt, Eric Schmidt, “ Younger, Kaplan, Jeff Sobrato, _____ Maria Di Mento, Jim Rendon, Kay Dervishi Organizations: New, New York City, Nike, Bloomberg, Knights, University of Oregon, Dells, Forbes, Forward, Qualcomm, Summer Science, SETI Institute, ALS Association , University of Cincinnati Foundation, Cincinnati Zoo, Botanical, Nature Center, Yale University, Institute for Protein Innovation, Price Club, Apple, San Diego Foundation, Discovery Foundation, Google, Fox Foundation, Parkinson’s Research, New England Patriots, Foundation, Combat, Ms, Foundation for Women, Chicago Foundation for Women, University of Virginia Darden School of Business, eBay, District of Columbia, Associated Press, Philanthropy Locations: New York, Portland , Oregon, Ohio, Moderna, California, Florida, Texas, Virginia, Washington, Hawaii, Massachusetts
Republican presidential candidate and former U.S. President Donald Trump speaks during a campaign rally in Claremont, New Hampshire, U.S., November 11, 2023. The unprecedented legal turmoil has prompted questions about what would happen to Trump's campaign if he was convicted or jailed. Asked in an interview with Reuters whether he would still support Trump if he were convicted, Marcus replied, "I think so. "I never discussed his legal fees or his legal problems," Marcus said, adding that Trump was "very happy" about his support. Marcus said he thought Trump was a "fixer" who would be beneficial to the U.S. economy and strong on Middle East foreign policy.
Persons: Donald Trump, Brian Snyder, Bernie Marcus, Donald Trump's, Marcus, Democrat Joe Biden, Trump, Trump's, Wilma Marcus, I'm, that's, Nikki Haley, Ron DeSantis, Alexandra Ulmer, Andrew Goudsward, Ross Colvin, Jonathan Oatis Organizations: REUTERS, Republican, Trump, Democrat, Reuters, Trump's White House, Business, Forbes, Biden, South, Thomson Locations: Claremont , New Hampshire, U.S, Iowa, South Carolina, Florida
Should a few members of the Squad lose their primaries, the blow to Democratic unity could be severe. “And they’ll either stay at home or they’ll go to a third party.”Already, there are signs that the party is fracturing over Israel. Advocates for the freedom and safety of Palestinians, horror-struck by more than 10,000 civilian deaths in Gaza, believe that the Democratic Party is giving its approval to atrocities. These big-footed donors, who are overwhelmingly targeting representatives of color, are going to exacerbate the fissures in the Democratic Party. Diana Lovett, a Democratic Party district leader who held a fund-raiser for Bowman last year, said polarization over the congressman was tearing apart local Democrats.
Persons: Ryan Grim, Alexandria Ocasio, Cortez, Bernie Sanders, she’d, , Ilhan Omar, who’ve, Tlaib, , Omar, Mark Mellman, Israel, ” Mellman, Bowman, Eliot Engel, Grim, he’d, George Floyd, Giddins, , Don Samuels, Cori Bush, Wesley Bell, Summer Lee, Bhavini Patel, Bowman doesn’t, George Latimer, imploring, Latimer, hadn’t, Waleed Shahid, Ocasio, imploring Biden, they’ve, He’s, ” Bowman, I’m, haven’t, hasn’t, Shahid, Ta, Nehisi Coates, Coates, Isaac Herzog, Weinberger, Sam Bankman, Nina Turner, Andy Levin, Republican megadonors, Bernie Marcus, “ I’ve, Mark Pocan, Mellman, Diana Lovett, Lovett, who’d, dreading, “ He’s, we’re Organizations: Israel, , Democratic, American Israel Public Affairs Committee, Times, New, New York Democratic, The New York Times, Minneapolis City, Missouri Democrat, Pittsburgh Democrat, Squad, Justice Democrats, Democratic Party, Democratic Socialists of America, West Bank, Democratic Socialists, U.S, Westchester Jewish Council, New York Democratic Socialists of America, Jewish, Politico, United Democracy, AIPAC, Jewish Democrat, Republican, Home Depot, Wisconsin Democrat, Congressional Progressive Caucus Locations: Israel, Palestine, Gaza, New York, Minneapolis, Missouri, Louis County, Hebron, , Manhattan, Ohio, Michigan, Wisconsin
Households are being hit hard by inflation and higher interest rates, Kevin O'Leary says. AdvertisementAdvertisementHe said the retailer's customers are "getting killed," adding: "They can't afford to fill their cars with gas. They can't afford to put a good meal on the table for their families. They can't afford their rent. They can't afford their insurance."
Persons: Kevin O'Leary, , O'Leary, that's, Bernie Marcus, Richard Drew, Marcus Organizations: Service, Fox News, Federal Reserve, Depot, Fox
The world's biggest package delivery firm and the International Brotherhood of Teamsters have until midnight on July 31 to reach a contract deal covering some 340,000 workers that sort, load and deliver packages in the United States. If a deal is not done by the deadline, UPS workers have vowed to strike. A 10-day strike could cost the U.S. economy more than $7 billion, according to a recent estimate from Anderson Economic Group. "A new Teamsters deal could drive cost per piece (about) 2% higher than current expectations," Susquehanna analyst Bascome Majors said in a client note this week. Reporting by Lisa Baertlein in Los Angeles Editing by Chris ReeseOur Standards: The Thomson Reuters Trust Principles.
Persons: Bascome Majors, Alfredo Ortiz, Bernie Marcus, we're, Ortiz, Lisa Baertlein, Chris Reese Organizations: Wednesday, United Parcel Service, Teamsters, International Brotherhood of Teamsters, UPS, Anderson Economic, Retail Industry, Association, Network, Home, Thomson Locations: ANGELES, U.S, United States, Susquehanna, Los Angeles
Bernie Marcus, a co-founder of Home Depot, had some negative things to say about his fellow Americans in an interview last December. “Socialism,” he opined, has destroyed the work ethic: “Nobody works. I don’t want to work — I’m too lazy, I’m too fat, I’m too stupid.’”You’re naïve if you think his take is exceptional. But everyone else should know that over the past year we have, in effect, conducted a huge test of the proposition that Americans have become lazy. And the robustness of the American work ethic has huge implications for policy.
Persons: Bernie Marcus, , , I’m, we’ve, they’re Organizations: Home Locations: America
Former President Trump said anything "wrong" with President Joe Biden has nothing to do with age. Whether you like him or not, he's 100% sharp," Trump said of his fellow 2016 presidential candidate, adding "so it's not an age thing." Trump also levied criticisms at President Joe Biden, saying he could not see Biden running for president in 2024 — but made clear that he did not think what was "wrong" with Biden had anything to do with him being 80 years old. "I think they do the age thing because I'm 4-5 years behind. In October, Biden addressed the concerns, saying they were "legitimate" but said that voters should judge him not by his age, but by his health.
He has also actively given to Republican politicians, donating $64 million to political causes over the years such as the campaigns of former President Donald Trump, Florida Gov. Ron DeSantis, and Sen. John McCain, according to data from the Federal Election Commission. Ric Feld, Evan Vucci/AP ImagesSource: Insider
Home Depot cofounder Bernie Marcus is adamant he doesn't want the "woke generation" leading business. He told Fox Business that "nobody wants to work anymore" because of "laziness" and government benefits. Home Depot has distanced itself from Marcus, noting he hasn't worked at the company in 20 years. "How do you have a recession when you have people that don't want jobs?," Marcus said during Thursday's interview. "Bernie Marcus retired from The Home Depot more than 20 years ago and does not speak on behalf of the company," Home Depot told Insider in a statement.
Home Depot's cofounder told The Financial Times nobody wanted to work because of "socialism." The rise of socialism was why "nobody works, nobody gives a damn," Bernie Marcus said in an interview with The Financial Times on Thursday. I don't want to work — I'm too lazy, I'm too fat, I'm too stupid'." "I'm worried about capitalism," Marcus told The Financial Times. Despite having had five heart operations bypasses, Marcus told the FT he "would rather wear out than rust out."
Bernie Marcus, the billionaire cofounder of Home Depot, said Thursday "nobody works" anymore. Marcus donated millions to Trump in 2016 and 2020, and more to other Republicans over the years. In an interview with the Financial Times published Thursday, 93-year-old Bernie Marcus said "nobody works, nobody gives a damn," blaming the change on "socialism." In 2020, he made two separate donations of $5 million each to the Preserve America PAC, a single-candidate PAC that supports Trump. Marcus has also donated extensively to House and Senate races, contributing to a long list of Republican lawmakers that includes Sens.
[1/2] A view of the U.S. Supreme Court building on the first day of the court's new term in Washington, U.S. October 3, 2022. The Supreme Court on Dec. 1 said it would hear arguments on the legality of the debt relief program in the other case pursued by six mostly Republican-led states. Biden announced in August that the U.S. government would forgive up to $10,000 in student loan debt for borrowers making less than $125,000 a year, or $250,000 for married couples. Students who received Pell Grants to benefit lower-income college students would have up to $20,000 of their debt canceled. The Congressional Budget Office in September calculated that the debt forgiveness program would cost taxpayers about $400 billion.
Rulings by lower courts in two challenges filed against the debt relief program have put Biden's policy on ice. Biden announced in August that the U.S. government would forgive up to $10,000 in student loan debt for borrowers making less than $125,000 a year, or $250,000 for married couples. The Congressional Budget Office in September calculated that the debt forgiveness program would cost taxpayers about $400 billion. Biden and his predecessor Trump had invoked the law to pause student loan repayments. Biden on Nov. 22 extended the repayment pause to no later than next June 30 to give the Supreme Court time to decide the case.
A federal appeals court on Wednesday declined to put on hold a Texas judge’s ruling that said President Joe Biden’s plan to cancel hundreds of billions of dollars in student loan debt was unlawful. Circuit Court of Appeals rejected the Biden administration’s request to pause a judge’s Nov. 10 order vacating the $400 billion student debt relief program in a lawsuit pursued by a conservative advocacy group. Circuit Court of Appeals that, at the request of six Republican-led states, had barred it from cancelling student loans. Biden announced in August that the U.S. government would forgive up to $10,000 in student loan debt for borrowers making less than $125,000 a year, or $250,000 for married couples. About 26 million Americans have applied for student loan forgiveness, and the U.S. Department of Education had already approved requests from 16 million by the time Pittman issued his ruling.
Nov 30 (Reuters) - A federal appeals court on Wednesday declined to put on hold a Texas judge's ruling that said President Joe Biden's plan to cancel hundreds of billions of dollars in student loan debt was unlawful. Circuit Court of Appeals rejected the Biden administration's request to pause a judge's Nov. 10 order vacating the $400 billion student debt relief program in a lawsuit pursued by a conservative advocacy group. Circuit Court of Appeals that, at the request of six Republican-led states, had barred it from cancelling student loans. Biden announced in August that the U.S. government would forgive up to $10,000 in student loan debt for borrowers making less than $125,000 a year, or $250,000 for married couples. About 26 million Americans have applied for student loan forgiveness, and the U.S. Department of Education had already approved requests from 16 million by the time Pittman issued his ruling.
In the past two months, student loan forgiveness has been the target of two high-profile lawsuits. Meanwhile, the Biden administration responded by extending the student loan payment pause yet again. What's happening to student loan forgiveness? Since the status of student loan forgiveness remains in the air, the Biden administration has extended the student loan payment pause until the Supreme Court makes a ruling. Select ranked SoFi Student Loan Refinancing and Earnest Student Loan Refinancing as some of the best companies for refinancing student loans.
A federal judge in Texas on Thursday ruled that President Joe Biden’s plan to cancel hundreds of billions of dollars in student loan debt was unlawful and must be vacated, delivering a victory to conservative opponents of the program. The debt relief plan had already been temporarily blocked by the St. Louis-based 8th U.S. About 26 million Americans have applied for student loan forgiveness, and the U.S. Department of Education has already approved requests from 16 million. The plan, announced in August, calls for forgiving up to $10,000 in student loan debt for borrowers making less than $125,000 per year, or $250,000 for married couples. The non-partisan Congressional Budget Office in September calculated the debt forgiveness would eliminate about $430 billion of the $1.6 trillion in outstanding student debt and that over 40 million people were eligible to benefit.
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