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WASHINGTON — President-elect Donald Trump’s dramatic victory has scrambled next week’s three-way contest to replace Senate Republican Leader Mitch McConnell, the chamber’s longest-serving leader who is stepping down at the end of the year. One ally of both Scott and Trump, Sen. Ron Johnson, R-Wis., urged Trump to endorse Scott, a former Florida governor who cruised to re-election in the Senate on Tuesday night. “If you’ve got any influence with President Trump, ask President Trump to come out publicly and say he wants to work with somebody as accomplished as Rick Scott to accomplish his agenda. Cornyn joined Trump at a rally in Reno, Nevada, last month for Republican Senate candidate Sam Brown, whose race is currently too close to call, according to NBC News projections. "As I told President Trump, I'm interested in getting the band back together again," Cornyn told Fox News host Neil Cavuto on Monday.

Persons: Donald Trump’s, Mitch McConnell, McConnell’s, John Thune, Sen, John Cornyn, —, Rick Scott, John, John Barrasso, McConnell, Scott, Trump, ” Scott, “, ” Trump, Ron Johnson, you’ve, President Trump, We’ve, ” Johnson, ”, — it’s, it’s, Mike Lee, Bernie Moreno, Tim Sheehy of Montana, Jim Justice, Thune, ” Thune, he’s, ” Thune’s, Tim Scott, Cornyn, Trump’s, Sam Brown, I'm, Neil Cavuto, MAGA, Ted Cruz Organizations: WASHINGTON, Republican, Republicans, GOP, GOP Conference, Trump, NBC News, McConnell, Fox Business, United States Senate, CNBC, NBC, Fox News, National Republican Senatorial, Senate, Texas Republican Locations: South Dakota, Texas, Florida, Wyoming, Washington, Utah, Bernie Moreno of Ohio, West Virginia, Lago, Reno , Nevada

☆ Mark Cuban praises Trump's 'great personality' but stands by assertion that he was a 'lousy president'
▼ + stars: | 2024-10-26 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +2 min

Mark Cuban has been on a media blitz campaigning for Vice President Kamala Harris. Cuban said Trump was a "lousy president" and "he'll be a worse president this time." After Cavuto asked Cuban to respond to Trump's attacks on him, Cuban said that it indicated his inability to focus. A spokesperson for Trump's campaign did not immediately respond to a request for comment sent outside working hours. Recently, the billionaire entrepreneur has been on a media campaign, speaking on various platforms, from the "All-In" podcast to The New York Times.

Persons: Mark Cuban, Kamala Harris, Donald Trump, Cuban, Trump, —, Kamala Harris's, Fox Business's Neil Cavuto, He's, Cavuto, Harris Organizations: Fox Business, Service, Cuban, Business, New York Times Locations: Wisconsin , Arizona, Michigan

But Mr. DeSantis lashed out last week, accusing Fox News of bias toward his rival, former President Donald J. Trump. Speaking to reporters in Iowa, Mr. DeSantis said that conservative media outlets, including Fox, had acted as “a Praetorian Guard” for Mr. Trump. “Corporate media election interference,” she wrote on X.Mr. DeSantis’s campaign and Fox News declined to comment. Despite the apparent ill feelings toward Fox from some of his aides, the candidate has continued to appear on the network. On Thursday, as he fought to salvage his candidacy heading into the New Hampshire primary, Mr. DeSantis openly regretted that early media strategy, saying he should have tried to engage with news outlets beyond Fox News.

Persons: DeSantis, Donald J, Trump, “, they’re, Mr, Fox, Pushaw, Iowans, ”, Ingraham’s, Alexis McAdams, Neil Cavuto’s, Brian Kilmeade, Ms . Ingraham Organizations: Fox News, Trump, Fox, Praetorian Guard, Mr, “, Praetorian, “ Fox, Sunday, “ Fox & Friends, CNN, New Locations: Iowa, New Hampshire, Florida

☆ The boomer market boon
▼ + stars: | 2023-10-30 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

With that in mind, Bank of America has a way the rest of us can cash in on the boomer boon, writes Insider's Aruni Soni. Millennials vs. boomer spending Bank of AmericaIf you don't want to invest in boomers, you could always just invest like them. Regardless of what you decide to do with your money, just don't bank on getting more of it from your relatives. The billionaire hedge fund boss and owner of the New York Mets isn't expecting a deep recession or prolonged market downturn. The Insider Today team: Dan DeFrancesco, senior editor and anchor, in New York City.

Persons: —, John Knox, Joe Raedle, boomers, They're, Insider's Aruni Soni, Treasurys, Insider's Filip De Mott, Cuban, Neil Cavuto, Steven Ferdman, Charlie Munger, Bill Ackman, Michael Baron, Steve Cohen, Linda Yaccarino, Elon Musk, Jerod Harris, Jenny Chang, Rodriguez, it's, Arantza Pena, Taylor Swift, Devin Booker, John Adams, Diego Maradona, Ivanka Trump, Keyatta Mincey, Parker, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan Organizations: Service, Bank of America, of America, Big Tech, Fox Business Network Studios, Dallas Mavericks, New York Mets, Elon, Elon Musk's, Microsoft, Google, Amazon Web Services, Kansas, HSBC Locations: Pompano Beach , Florida, New York City, Phoenix , Arizona, Local Kansas City, Kansas City, McDonald's, San Diego, London, New York

☆ Stocks will rally sharply when Israel's ground invasion of Gaza kicks off, veteran investor says
▼ + stars: | 2023-10-26 | by ( George Glover | ) www.businessinsider.com time to read: +3 min

Stocks will rally, rather than plunge, if Israel sends troops into Gaza, according to one market veteran. Anderson's view clashes with the consensus on Wall Street, where investors are worried the Middle-Eastern crisis could escalate into a wider conflict. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAdvertisementWall Street is fretting about Israel launching a ground invasion of Gaza – but one veteran investor thinks it could set the stage for a stock-market rally.

Persons: Tim Anderson, —, who's, Anderson, Greg Daco Organizations: Service, TJM Investments, Fox Business, Hamas Locations: Israel, Gaza, Iran

☆ Activist Icahn sues Illumina board over Grail acquisition - FT
▼ + stars: | 2023-10-17 | by ( ) www.reuters.com time to read: 1 min

Billionaire activist-investor Carl Icahn gives an interview on FOX Business Network's Neil Cavuto show in New York, U.S. on February 11, 2014. REUTERS/Brendan McDermid/File Photo Acquire Licensing RightsCompanies Grail Inc FollowIllumina Inc FollowOct 17 (Reuters) - Activist-investor Carl Icahn said his firm had sued current and former board directors at Illumina (ILMN.O) concerning the acquisition of gene-sequencing company Grail (GRAL.O), the Financial Times reported on Tuesday. Reporting by Mrinmay Dey in Bengaluru; Editing by Sherry Jacob-PhillipsOur Standards: The Thomson Reuters Trust Principles.

Persons: Carl Icahn, Neil Cavuto, Brendan McDermid, Mrinmay Dey, Sherry Jacob, Phillips Organizations: FOX Business, REUTERS, Financial Times, Thomson Locations: New York, U.S, Illumina, Bengaluru

☆ Bill Barr rejects Trump's plea that it's unfair to try him while he's running: 'You don't get immunity' by being a presidential candidate
▼ + stars: | 2023-08-17 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +4 min

Bill Barr said Trump shouldn't get avoid trials simply because he's running for president. While Barr thinks Trump could be convicted in some cases, he doesn't want Trump to face prison time. Even though he has been critical of Trump, Barr has been outspoken in his attacks on some prosecutions of the former president. "I don't know of any attorney general who would walk away from it." Despite that prediction, the former attorney general doesn't think the former president should go to prison.

Persons: Bill Barr, Trump, Barr, Donald Trump's, Neil Cavuto, Jack Smith, Fani Willis, Cavuto, Willis, I'm, Smith, Mike Pence, doesn't Organizations: Service, Fox News, Trump, Iowa Republican, Associated Press, Justice Department Locations: Wall, Silicon, Iowa, Fulton County, Georgia, York

☆ Warren Buffett and Michael Burry are ready and waiting for a stock-market crash, 'Rich Dad Poor Dad' author says
▼ + stars: | 2023-08-16 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

Warren Buffett and Michael Burry are waiting for stocks to crash, Robert Kiyosaki says. The "Rich Dad Poor Dad" author pointed to Buffett stockpiling cash and Burry shorting the market. "I just watch these guys waiting for the market to crash then go back in," the "Rich Dad Poor Dad" author continued. As for Burry, he's warned of a historic bubble and predicted the "mother of all crashes." Like Buffett, he's a value investor who specializes in spotting underpriced businesses, and seeks to capitalize on sell-offs.

Persons: Warren Buffett, Michael Burry, Robert Kiyosaki, Dad, Burry, Buffett, Kiyosaki, Berkshire Hathaway, bearish, Buffett hasn't, Goldman Sachs, he's, it's Organizations: Buffett, Service, Berkshire, Scion, Management, Nasdaq, Electric Locations: Wall, Silicon, Coast

Billionaire activist-investor Carl Icahn gives an interview on FOX Business Network's Neil Cavuto show in New York February 11, 2014. REUTERS/Brendan McDermid/File PhotoAug 4 (Reuters) - Carl Icahn-owned investment firm Icahn Enterprises (IEP.O) on Friday halved its quarterly payout, months after short-seller Hindenburg Research accused it of operating a "Ponzi-like" structure to pay dividends. Hindenburg said on Friday it remained short on the company, in a post on messaging platform X, formerly known as Twitter. "Icahn Enterprises will eventually cut or eliminate its dividend entirely, barring a miracle turnaround in investment performance," Hindenburg said when it had announced its short position. "We do not intend to let a misleading Hindenburg report interfere with this practice (of distributing dividends)," Icahn Enterprises said in a statement.

Persons: Carl Icahn, Neil Cavuto, Brendan McDermid, Hindenburg, Icahn, Niket, Milla Nissi Organizations: FOX Business, REUTERS, Icahn Enterprises, Hindenburg, Enterprises, Thomson Locations: New York, Bengaluru

☆ Carl Icahn's investment firm cuts dividend months after Hindenburg report
▼ + stars: | 2023-08-04 | by ( ) www.reuters.com time to read: 1 min

Billionaire activist-investor Carl Icahn gives an interview on FOX Business Network's Neil Cavuto show in New York February 11, 2014. REUTERS/Brendan McDermid/File PhotoAug 4 (Reuters) - Icahn Enterprises (IEP.O) on Friday said it would cut its dividend payout months after short seller Hindenburg Research accused the investment firm of operating a "Ponzi-like" structure to pay dividends. The investment firm, owned by Carl Icahn, said it would distribute $1 per depositary unit to its investors, lower than its usual quarterly dividend of $2 per unit. Shares of Icahn Enterprises fell 24% in premarket trading. Reporting by Niket Nishant in Bengaluru; Editing by Milla NissiOur Standards: The Thomson Reuters Trust Principles.

Persons: Carl Icahn, Neil Cavuto, Brendan McDermid, Niket, Milla Nissi Organizations: FOX Business, REUTERS, Icahn Enterprises, Hindenburg, Thomson Locations: New York, Bengaluru

☆ Raj Shah out at Fox in wake of historic Dominion settlement
▼ + stars: | 2023-06-09 | by ( Oliver Darcy | ) edition.cnn.com time to read: +2 min

New York CNN —Raj Shah, the Fox Corp. brand protection executive who pushed Fox News in an even more pro-Trump direction after the 2020 election, has left the company. “Raj brought talent and creativity to his role at Fox,” Fox spokesperson Brian Nick told CNN on Thursday. Hear what Fox News viewers think about the Dominion settlement 03:30 - Source: CNNA cache of internal Fox communications brought to light in Dominion Voting Systems’ massive defamation lawsuit against the right-wing network included several messages from Shah. “This is the kinda s—t that will kill us,” he wrote, according to legal filings. We cover it wall to wall and then we burn that down with all the skepticism.”

Persons: Raj Shah, “ Raj, ” Fox, Brian Nick, “, ” Shah, Trump, Shah, Neil Cavuto’s, Kayleigh McEnany, Fox, Joe Biden, Lachlan Murdoch, Suzanne Scott, Viet Dinh, Donald Trump, ”, Rudy Giuliani, Sidney Powell, texted Organizations: New, New York CNN, Fox Corp, Fox News, Trump, Fox, CNN Locations: New York

☆ Inflation is alive, the Fed could hike rates again, and businesses are facing greater uncertainties today than in the past 50 years, former Home Depot CEO says
▼ + stars: | 2023-06-07 | by ( Zahra Tayeb | ) www.businessinsider.com time to read: +2 min

Consumer-price pressures remain high in the US, suggesting the Fed could hike interest rates again, according to Robert Nardelli. I think we still got a way to go," the former Home Depot CEO said. That view is at odds with market expectations that the Fed will likely pause its interest-rate hikes this month. That could mean the Fed will raise interest rates further, Nardelli said, especially with May's strong payroll report showing the labor market remains robust, with US employers adding 339,000 jobs. The nation's central bank has already hiked interest rates by 500 basis points since early 2022 in a bid to tame soaring price pressures.

Persons: Robert Nardelli, —, Nardelli, Neil Cavuto, I've Organizations: Home, Service, Federal Reserve, Fox Business, Chrysler

☆ Fox News says little on air about its $787.5 million settlement with Dominion
▼ + stars: | 2023-04-19 | by ( Helen Coster | ) www.reuters.com time to read: +1 min

Hosts Tucker Carlson and Sean Hannity, who had been expected to testify in the Dominion trial, did not reference the settlement, the largest struck by an American media company, during their primetime broadcasts on Tuesday night. Fox News is owned by Fox Corp (FOXA.O) and is the most-watched U.S. cable news network. Howard Kurtz, the host of Fox News' MediaBuzz show, appeared on Cavuto's show and during "Special Report with Bret Baier." On "Special Report" Kurtz read the Fox statement, but did not include the dollar figure of the settlement. In response to a Reuters request for comment about Fox's coverage of the settlement, a spokesperson shared the company's statement about the Dominion settlement that aired on Cavuto and Baier's shows.

"Fox has admitted to telling lies about Dominion that caused enormous damage to my company, our employees and our customers," Poulos said in a statement. Fox anchor Neil Cavuto broke into his news show "Your World" about 4:30 p.m. Eastern Time to report the settlement. In February court filings, Dominion cited a trove of internal communications in which Murdoch and other Fox figures privately acknowledged that the vote-rigging claims made about Dominion on-air were false. Dominion said Fox amplified the untrue claims to boost its ratings and prevent its viewers from migrating to other media competitors on the right. ANOTHER LAWSUIT PENDINGAdding to the legal risks for Fox, another U.S. voting technology company, Smartmatic, is pursuing its own defamation lawsuit seeking $2.7 billion in damages in a New York state court.

☆ Fox News’s settlement in the Dominion case is big news, except on Fox News.
▼ + stars: | 2023-04-18 | by ( Stuart A. Thompson | ) www.nytimes.com time to read: +1 min

Fox News’s last-minute settlement with Dominion Voting Systems on Tuesday earned banner coverage on every television news network but one: Fox News. The $787.5 million settlement was covered only three times by Fox News in about four hours after the settlement became public, amounting to about six minutes of coverage. Anderson Cooper, host of the prime-time show “Anderson Cooper 360,” led his program with the case and also interviewed Davinda Brook, lead counsel for Dominion. Neil Cavuto, host of the afternoon news program “Your World with Neil Cavuto” on Fox News, covered the settlement as news of it broke and again after the dollar figure was announced. Howard Kurtz, Fox News’s media analyst, told Mr. Cavuto that the election fraud claims about Dominion were “obviously false” and “conspiracy theories.” In another segment, Mr. Kurtz said that “both sides had an incentive to avoid a costly six-week trial.”

New York CNN —Dominion Voting Systems’ historic defamation case against Fox News will proceed to a high-stakes jury trial next month, a Delaware judge ruled Friday, declining to declare a pretrial winner. But in his Friday ruling, Davis said that the evidence Dominion presented shows Fox News aired falsehoods about the company. “The evidence developed in this civil proceeding demonstrates that is CRYSTAL clear that none of the Statements relating to Dominion about the 2020 election are true,” Davis wrote. The on-air statements, from various Fox News hosts after the 2020 election, had accused Dominion of rigging the election by flipping millions of votes from Donald Trump to Joe Biden. Incriminating texts and emails have shown how Fox executives, hosts and producers didn’t believe the claims the network was peddling about Dominion.

☆ Get ready for stocks and real estate to crash - and the US economy to crater, 'Rich Dad Poor Dad' author warns
▼ + stars: | 2023-03-24 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +2 min

Robert Kiyosaki expects stocks, bonds, and real estate to crash as higher interest rates bite. The "Rich Dad Poor Dad" author slammed the Fed for choking growth and eroding the US dollar's value. "Raising interest rates will crash stocks, bonds, real estate, & US dollar," the personal-finance guru and "Rich Dad Poor Dad" author tweeted on Thursday, adding that he expects the vast derivatives market to tank as well. "Saving money & investing in a well diversified portfolio of stocks, bonds, mutual funds & ETFs is risky advice," he tweeted in February. The founder of The Rich Dad Company has been sounding the alarm on an epic market crash and massive recession for more than 18 months.

☆ Rupert Murdoch testified that Fox News hosts lied about the 2020 election. Here's why it wasn't a misstep.
▼ + stars: | 2023-03-06 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +8 min

Rupert Murdoch admitted Fox News hosts endorsed falsehoods about the 2020 election. Murdoch chairs Fox Corporation, which argues it isn't responsible for claims made on subsidiary Fox News. Here was the chair of Fox Corporation, a 91-year-old mogul atop a conservative media empire, admitting to lies that damaged democracy. When asked by Dominion's lawyers in a January deposition whether he thought Fox hosts were truthful about the election, Murdoch was candid. Fox Corporation also manages subsidiaries like Fox Sports, a large number of local TV stations, TMZ, Tubi, and a blockchain company.

☆ Analysis: Fox News has been exposed as a dishonest organization terrified of its own audience
▼ + stars: | 2023-02-17 | by ( Oliver Darcy | ) edition.cnn.com time to read: +5 min

Trump was enraged that Fox News was the first network to call the critical swing state of Arizona for now-president Joe Biden. In the days and weeks after the presidential contest had been called, Fox News’ audience listened to Trump and rebelled against the channel. Behind the scenes, Fox News executives and hosts were in panic. Did I mention Cavuto?”The fear that Fox News’ audience would abandon it for good also appeared to drive programming decisions. When Lindell appeared on Newsmax and criticized Fox News, executives at Fox News “exchanged worried emails about alienating him,” the legal filing said.

☆ Robert Kraft says Jeff Bezos would be a 'great owner' of Washington Commanders as Dan Snyder reportedly awaits higher bids
▼ + stars: | 2023-02-11 | by ( Aaron Mcdade | ) www.businessinsider.com time to read: +3 min

New England Patriots owner Robert Kraft told Fox Business that Jeff Bezos would be a "great owner." Bezos repeatedly has been mentioned as a possible buyer of the Washington Commanders. However, Commanders owner Dan Snyder reportedly is waiting for bids to cross the $7 billion mark. Also complicating a potential Bezos bid are reports that Snyder is opposed to selling the team to the man who owns the Washington Post. People close to Bezos have denied New York Post reports claiming that he could potentially sell the Washington Post in order to buy the Commanders.

☆ Fox News host says sickness shouldn't stop you from working: 'We just come in and cough all over each other'
▼ + stars: | 2023-02-05 | by ( Taiyler Simone Mitchell | ) www.businessinsider.com time to read: +3 min

"I don't think that you necessarily should have, like, the six sick days every year," one host said. On Friday's episode of "The Five," Fox News hosts expressed their disdain for employees using sick days. I don't think that you necessarily should have, like, the six sick days every year." Host Jesse Watters, a regular host on the show, said he "never" takes off when he's sick, "especially" since he appears "on TV." An immunocompromised and pro-vaccine Fox host, anchor Neil Cavuto, almost died from COVID-19 and still received death threats over his support of the vaccine.

☆ Kayleigh McEnany tried to 'actively avoid' Trump after the election because he wanted her to talk about Dominion from the White House podium, ex-aide testified
▼ + stars: | 2022-12-23 | by ( Kelsey Vlamis | ) www.businessinsider.com time to read: +3 min

Sarah Matthews testified the White House press secretary Kayleigh McEnany was avoiding Trump after the election. McEnany was concerned about violating the Hatch Act from the White House podium, Matthews said. The aide, Sarah Matthews, was serving as the White House deputy press secretary at the time of the 2020 election. McEnany was serving as both the White House press secretary and Trump's campaign spokesperson at the time. The transcript of Matthews' testimony was released by the January 6 committee on Thursday, along with the testimony of Chris Krebs, Mark Esper, and others.

☆ Carl Icahn holds short position in GameStop - Bloomberg News
▼ + stars: | 2022-11-21 | by ( Reuters Staff | ) www.reuters.com time to read: +1 min

(Reuters) - Activist investor Carl Icahn has a sizeable short position in video game retailer GameStop Corp, Bloomberg News reported on Monday, citing sources familiar with the matter. FILE PHOTO: Billionaire activist-investor Carl Icahn gives an interview on Fox Business Network's Neil Cavuto show in New York, U.S. on February 11, 2014. Icahn began shorting the stock around January 2021, the report added but did not provide details of the size of Icahn’s position. Short interest in GameStop’s stock is very high, with 17.53% of the company’s outstanding shares shorted as of Oct. 31, according to Refinitiv data. The retailer executed a four-for-one stock split this year, the stock rose a split-adjusted high of over $120 in Jan. 2021.

☆ Jesse Watters' rise at Fox, from Bill O'Reilly's ambush man to Tucker Carlson wannabe
▼ + stars: | 2022-09-27 | by ( Noah Hurowitz | ) www.businessinsider.com time to read: +23 min

At the time, Watters was best known for pulling off elaborately planned ambush interviews on "The O'Reilly Factor," then Fox News' top-rated show. When Grim picked his phone up and trained it again on Watters, the smile was gone from Watters' face. Watters on the set of his show "Jesse Watters Primetime." In early 2022, "Jesse Watters Primetime" debuted, airing right before "Hannity." Watters, whose entire career has been at Fox News, might be a safer bet, according to Muto, the former O'Reilly producer.

Persons: Jesse Watters, MSNBC's swank, Watters, O'Reilly, Ryan Grim, Amanda Terkel, Terkel, he'd, Grim, Drudge, Roger Ailes, Tucker Carlson's, Erik Wemple, Tucker Carlson, Carlson's, Carlson, who's, Donald Trump's, Don Jr, Eric, Julio Cortez, David Hockney, Rush Limbaugh, Ann Coulter, Limbaugh, Mueller, Jon Stewart, Tucker, it's, Wemple, Andrew Lawrence, Lawrence, " Watters, Joe Muto, Jesse, Muto, Clowning, irked O'Reilly, stoke —, Obama, Lefties, Al Qaeda's, Breitbart, Gretchen Carlson, Megyn Kelly, Bill O'Reilly, Spencer Platt, O'Reilly's, cohosts, Kimberly Guilfoyle, Greg Gutfeld, Juan Williams, Ivanka Trump, Emma DiGiovine, DiGiovine, John Lamparski, Hannity, Sean Hannity, Biden, doesn't, You've, we'll, Newt Gingrich, Watters nodded, Neil Cavuto, Chris Wallace, Mike Pence, Tom Brenner, Wallace, gunning, There's, Bill, Jack Newsham, Katherine Long Organizations: Fox News, DC, Huffington Post, Washington Post, Fox, MSNBC, The Washington Post, Better Homes, Gardens, America, East Coast, Quaker, Trinity, Trump National Golf Club, Republican, CNN, Media, Gawker, Ivy League, Fox Nation, stoke, CIA, Corp's, The New York Times, Democrat, Dominion Voting Systems, Daily, Trump, Reuters, OG Locations: O'Reilly's crosshairs, Washington ,, Virginia, Watters, Terkel's, East, St, Middletown , Rhode Island, Philadelphia, Long, Hartford , Connecticut, Bedminster , NJ, San Diego, An Alabama, Chinatown, Telluride, New York's Chinatown, York, New York, Los Angeles

☆ GOP Sen. Patrick Toomey's son poured money into GameStop during the stock's most volatile stretch — then sold out a day later as his father warned of a 'bubble' market
▼ + stars: | 2021-02-10 | by ( Jake Lahut | Dave Levinthal | ) www.businessinsider.com time to read: +6 min

Sen. Pat Toomey said Jan. 28 the GameStop stock surge "has all of the characteristics of a bubble." Toomey's son that same day sold GameStop stock for between $1,001 and $15,000, per financial disclosures. "I do think we should understand why the brokers made the decision they made, several of them, including Robinhood to limit the ability of people to buy stock," Toomey told Cavuto. Tom Williams/CQ Roll Call)'A classic bubble'In a statement to Insider, Toomey said that his son made the GameStop trades without his knowledge. In addition to GameStop stock, Toomey's son sold shares of Shopify and Tesla in late January, according to the senator's financial disclosure.

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