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Read previewShortly after President Joe Biden endorsed Vice President Kamala Harris for the Democratic nomination, Harris made her opening pitch to the country, arguing that voting for her will allow her to decimate the controversial Project 2025. I will do everything in my power to unite the Democratic Party—and unite our nation—to defeat Donald Trump and his extreme Project 2025 agenda. Although Harris said that she is determined to defeat former President Donald Trump and "his extreme Project 2025 agenda," Trump himself has called the project "ridiculous." Related storiesHe attempted to distance himself from it with a post on his Truth Social on July 5, saying: "I know nothing about Project 2025." "I disagree with some of the things they're saying and some of the things they're saying are absolutely ridiculous and abysmal," Trump wrote.
Persons: , Joe Biden, Kamala Harris, Harris, Donald Trump, xpPDkCRhoZ — Kamala Harris, Trump, Steven Cheung, Kamala, Biden Organizations: Service, Democratic, Democratic Party —, Business, Heritage Foundation, Republican, Department of Education, FBI, Trump, Republican National Convention, GOP, Business Insider Locations: @KamalaHarris
In today's big story, President Joe Biden ended his reelection bid . The president ended his reelection campaign on Sunday, the culmination of mounting pressure from his party after a disastrous debate last month. Meanwhile, former President Donald Trump said in a post on Truth Social that "Crooked Joe Biden was not fit to run for President." Biden's reelection campaign has quickly pivoted to serve Harris, making it an uphill battle for any Democrat looking to challenge her , writes Business Insider's Brent D. Griffiths. Many have made comparisons to the 1968 Democratic convention , which was a contested convention after President Lyndon B. Johnson ended his reelection campaign earlier that year.
Persons: , Joe Biden, Biden, Alyssa Powell, BI Joe Biden, Elon Musk, Reid Hoffman, Donald Trump, Kamala Harris, Harris, Jared Siskin, Biden's, Insider's Brent D, Griffiths, Hillary Clinton, BI's Bryan Metzger, Lyndon B, Johnson, Hubert Humphrey, Humphrey, Richard Nixon, Brent, Here's, Sieg, Merrill Lynch, Abanti Chowdhury, Andy Sieg, Warren Buffett's, Buffett, Paul Chinn, Andrew Caballero Reynolds, Marc Andreessen, he'd, Andreessen, Trump, BI's Adam Rogers, OpenAI, Sam Altman's, slowdowns, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, Annie Smith, Amanda Yen Organizations: Service, Business, BI, Democratic, Madison, Park Conservancy, Citi Wealth, BI Citi Wealth, Bank of Montreal, Buffett Locations: Park, Plenty, Washington, Chicago, Southern, New York, London
President Biden dropped out of the presidential race on Sunday. Donald Trump reacted to the news in a post on Truth Social. "Crooked Joe Biden was not fit to run for President," Trump wrote. AdvertisementDonald Trump and his campaign team are reacting to the news that President Joe Biden has dropped out of the race, a move unprecedented in the history of American politics. "Crooked Joe Biden was not fit to run for President, and is certainly not fit to serve - And never was!
Persons: Biden, Donald Trump, Crooked Joe Biden, Trump, , Joe Biden Organizations: Service, Fake, Media, Business
More from Personal Finance:Lower capital gains tax, SNAP cuts: What Project 2025 could mean for your walletMany Americans think they're insulated from climate change. On a website dedicated to Project 2025, the Biden campaign describes the plan as a "blueprint for Trump." However, several former Trump officials have been directly affiliated with Project 2025 and Trump praised the Heritage Foundation in April 2022 in a recently resurfaced video. "As President Trump said, he has nothing to do with Project 2025," said Steven Cheung, a spokesman for the Trump campaign. Earlier this month, the group told CNBC: "As we've been saying for more than two years now, Project 2025 does not speak for any candidate or campaign.
Persons: Donald Trump applauds, Donald Trump, Joe Biden, Biden, Trump, Steven Cheung, we've Organizations: Republican National Convention, Heritage Foundation, Finance, Lower, SNAP, Federal, Trump, GOP, CNBC Locations: Milwaukee , Wisconsin, U.S
Read previewMeta CEO Mark Zuckerberg called former President Donald Trump's reaction to getting shot "badass," although he declined to endorse him in an interview with Bloomberg released Friday. Just a few days ago, in a different interview with Bloomberg, Trump reiterated his beef with Zuckerberg. If you don't have TikTok, you have Facebook and Instagram, and that's, you know, that's Zuckerberg. The more notable thing he said was reiterating Meta's stance on limiting political content in people's feeds on Facebook, Instagram, and Threads. Speaking of aesthetics, Zuckerberg also committed to his new look by wearing a gold chain during the Bloomberg interview.
Persons: , Mark Zuckerberg, Donald Trump's, Bloomberg's Emily Chang, Zuckerberg, Meta, wouldn't, Donald Trump, Trump, that's Zuckerberg, It's, Elon, Musk, Anna Moneymaker Organizations: Service, Bloomberg, Meta, Business, Trump, Big Tech, Facebook
CNN —Former President Donald Trump said he “had a very good phone call” with Ukrainian President Volodymyr Zelensky on Friday. It also comes amid concerns in Europe about what Trump’s policy toward the Russia-Ukraine war would be if he were to win the presidential election in November. “President Zelenskyy of Ukraine and I had a very good phone call earlier today. Trump and Zelensky also have their own history. Last week, when Zelensky was in the US, he said that “everyone is waiting for November,” including Putin.
Persons: Donald Trump, , Volodymyr Zelensky, Trump, Zelenskyy, ” Trump, Zelensky, ” “, , ” Zelensky, Russia –, Joe Biden, Hunter, Putin, Biden, Kylie Atwood, Mariya Knight Organizations: CNN, White, Republican, Republican National Convention, Kyiv, NATO, Trump, White House, Ukraine Locations: Europe, Russia, Ukraine, United States, Pennsylvania, American, Kyiv, Washington
The US Securities and Exchange Commission (SEC) headquarters in Washington, DC, US, on Wednesday, Jan. 10, 2024. The U.S. Securities and Exchange Commission sued the former CEO of the blank-check company that merged with Trump Media , accusing him of lying about his firm's plans to combine with Donald Trump's social media startup. "He had personally engaged in numerous lengthy discussions" with Trump Media's representatives, and he had targeted the company "for months," the SEC alleged. Orlando and Trump Media did not immediately respond to CNBC's requests for comment. Trump Media and Digital World completed their lengthy public merger in March, allowing the company behind the Truth Social platform to trade on the Nasdaq under the stock ticker DJT.
Persons: Donald Trump's, Patrick Orlando, Orlando Organizations: US Securities and Exchange Commission, SEC, U.S . Securities, Exchange Commission, Trump Media, Washington , D.C, Trump Media's, Orlando, Nasdaq Locations: Washington , DC, Washington ,
A full public assessment of Trump’s injuries is necessary, for both the former president’s own health and the clarity it can provide for voters about the recovery of the man who could become president of the United States once again. US Rep. Ronny Jackson, Trump’s former White House physician, said during an interview Monday on “The Benny Show” podcast, that he “checked out” the wound to Trump’s ear and bandaged it himself. We have worked with the Secret Service in the past and local and federal law enforcement to come up with plans about if an incident like this happened,” Rottinghaus told CNN. In the Monday interview, Jackson said Trump’s injury was “dressed up. Rottinghaus, the Butler Memorial physician, told CNN that after all the preparation for the unthinkable, “the unexpected happened” on Saturday.
Persons: CNN — It’s, Donald Trump’s, Corey Comperatore, Trump, we’ve, aren’t, , wasn’t, Ronny Jackson, Trump’s, ” Jackson, ” Trump, David Rottinghaus, ” Rottinghaus, Rottinghaus, Butler, Jackson, It’s, he’s, Eric Trump, I’ve, , Kenji Inaba, Dr, Sanjay Gupta, Nadia Kounang, Deidre McPhillips, Maya Davis, Jamie Gumbrecht Organizations: CNN, Republican, Truth, Sunday, Butler Memorial Hospital, Service, US, White House, Hospital, CBS News, Republican National Convention, Keck School of Medicine, University of Southern, Trump, CNN Health, Staff Locations: Butler , Pennsylvania, United States, Butler, Milwaukee, University of Southern California
Republican nominee Donald Trump's choice of a former venture capitalist as his vice presidential nominee could be attracting retail traders to one of the companies JD Vance backed, according to JPMorgan. JPMorgan analyst Kamal Tamboli said in a note to clients Wednesday evening that retail traders are piling into Rumble , a YouTube competitor aimed at conservatives. "Retail traders appear to be closely following US election developments with demand for RUM reaching a quarterly record after the announcement of J.D. Vance as the Vice Presidential nominee for the Republican party," the note said. RUM 5D mountain Shares of this company linked to JD Vance are up 17% this week.
Persons: Donald Trump's, Vance, Kamal Tamboli, Rumble, Narya, JD Vance Organizations: JPMorgan, Republican, Narya Capital, Trump, Trump Media
Read previewThe Trump-Vance campaign is seemingly operating under the assumption that President Joe Biden will quit the race soon and let his Vice President Kamala Harris run for president. "To do so would be unfair to Gavin Newsom, JB Pritzker, Gretchen Whitmer, or whoever Kamala Harris picks as her running mate," Hughes added. Biden-Harris communications director Brian Fallon told Business Insider that the Trump-Vance campaign was trying to back down from having to debate Harris live. Representatives for the Trump-Vance campaign did not immediately respond to requests for comment from BI sent outside regular business hours. In anticipation of a switch of candidates, Trump has already come up with nasty nicknames for Harris, including "Laffin' Kamala Harris" and "Cackling Copilot Kamala Harris."
Persons: , Vance, Joe Biden, Kamala Harris, Harris, Donald Trump's, Brian Hughes, Gavin Newsom, JB Pritzker, Gretchen Whitmer, Hughes, Biden, Brian Fallon, Donald Trump, JD Vance, Fallon, Biden's, Trump, Kamala, Laffin, Chuck Schumer, Adam Schiff of, Nancy Pelosi, he'd Organizations: Service, GOP, Business, Democratic National Convention, Democratic, CBS, Trump, Fox News, Newsweek, Biden, BI, CNN, ABC News, Adam Schiff of California, Democrats, NAACP Locations: Chicago, United States
Thousands of Trump supporters in Milwaukee on Monday night hailed their leader, elevating him from MAGA superhero to saint-like status. For Trump’s millions of American fans, Monday night was a validation of their faith in God and the ex-president and the righteousness of his mission. A list of Black Republican and female Republican lawmakers gave speeches, offering a somewhat misleading perception that the GOP has a deep and diverse bench. One GOP source said speechwriters at the convention had thrown out all their pre-written material for the week’s top speakers and started again. The ex-president has a new chance at politics and life in the wake of his assassination attempt.
Persons: Donald Trump, MAGA, Trump, Sen, JD Vance, Ohio, He’s, , , South Carolina Sen, Tim Scott, Providence, Kristi Noem, “ Nobody, They’ve, Marjorie Taylor Greene –, , president’s, Trump’s, Hell, Joe Biden’s, he’d, Corey Comperatore —, Wisconsin Sen, Ron Johnson, Vance, Biden, ” Vance, Aileen Cannon, Jack Smith’s, … ” Trump, Elise Stefanik Organizations: CNN, Republican National Convention, Trump, Milwaukee Bucks NBA, America . South Dakota Gov, ” Georgia, Republican, Capitol, Washington Examiner, GOP, Wisconsin, Democrat, Florida, Washington , D.C, Democrat Justice Department, ” New York, Justice Department Locations: Pennsylvania, Milwaukee, American, South Carolina, America ., America, Washington, Ohio, New York, Florida, Washington ,
Read previewTesla billionaire Elon Musk, former Fox News host Tucker Carlson, and venture capitalist David Sacks personally lobbied Donald Trump to select JD Vance as his running mate, according to Axios. Axios said that a secret lobbying campaign continued into Monday morning, led by key figures such as Musk, Carlson, and Sacks. Tucker Carlson praised JD Vance after he was announced as Trump's VP nominee. Advertisement"When the Twin Towers came down, JD Vance enlisted in the Marine Corps, gung-ho to exact justice on America's enemies," Sacks wrote on X. Representatives for Donald Trump, JD Vance, Elon Musk, Tucker Carlson, and David Sacks did not immediately respond to requests for comment.
Persons: , Elon Musk, Tucker Carlson, David Sacks, Donald Trump, Vance, Trump, Mike Allen, Doug Burgum, Sen, Marco Rubio —, Axios, Carlson, Sacks, Carlson's, Rupert Murdoch, doesn't, JD Vance, Ivan Apfel, JD, America's Hitler, Sean Hannity Organizations: Service, Fox News, GOP, Business, Truth, CNN, — North Dakota Gov, Trump, Politico, Federal Trade, Big Tech, Marine Corps Locations: Ohio, United States, , Ukraine, Israel, Europe, American
CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Record highThe Dow Jones Industrial Average closed at an all-time high after former President Donald Trump survived an assassination attempt. Trump's VP pickDonald Trump has chosen Senator JD Vance of Ohio as his vice presidential running mate for the 2024 election. Fed may not waitPowell said the central bank will not wait until inflation reaches its 2% target to cut interest rates. Fink believes bitcoin can offer uncorrelated returns and act as a hedge against currency debasement caused by excessive deficits.
Persons: Donald Trump, Russell, Jerome Powell, Trump's, JD Vance, Ohio, Trump, Vance, Biden, Powell, you've, Larry Fink, Fink, bitcoin, CNBC's, Goldman, Goldman Sachs, Denis Coleman, Colin Langan Organizations: CNBC, Dow Jones, Nasdaq, Treasury, Federal, Truth, Trump, Republican, BlackRock, Goldman, JPMorgan, Citigroup, Wall Locations: U.S, Wells
What do they mean by making America affordable again? Depending on the interpretation, that’s either something that has already happened or a really bad idea. Before I get there, a word about falling inflation. I get many comments to the effect that whatever official statistics may say, Americans don’t see inflation coming down. Here, for example, are the results of a survey conducted by the New York Fed:
Persons: , Donald Trump’s Organizations: Republican Party, America, New York Fed
Read previewThe wife of Corey Comperatore, the man who was killed during the assassination attempt on former President Donald Trump, told The New York Post in an interview on Monday that the former president had not yet contacted her since the shooting on Saturday. Corey Comperatore, a 50-year-old former fire chief from Pennsylvania, was a supporter of Trump and attended the rally with his wife and daughters. Helen Comperatore told the outlet that, at that point, she had not heard from Trump. Helen Comperatore told the Post her family did receive a call from President Joe Biden, but that she did not speak with him. She told the Post she is voting for Trump but that she is not very involved in politics.
Persons: , Corey Comperatore, Donald Trump, Helen Comperatore, Trump, Biden, Sen, JD Vance, Ohio, Joe Biden, Vance Organizations: Service, New York, Trump, Business, The New York, United States Secret Service, Republican National Committee, GOP, Republican, FBI Locations: Pennsylvania, Trump, Butler , Pennsylvania, Milwaukee
Read previewSen. JD Vance of Ohio has come a long way since graduating from Yale Law School in 2013. AdvertisementThe Marine veteran enrolled at Yale Law School in 2010 after graduating from Ohio State University. In his 2016 memoir "Hillbilly Elegy," Vance likened his year at the Ivy League institution to attending a kind of "nerd Hollywood." Vance's bestselling memoir "Hillbilly Elegy" wouldn't have existed without Chua's helpJD Vance released his memoir "Hillbilly Elegy" in 2016. In the "Acknowledgments" section of "Hillbilly Elegy," Vance thanked both Bennett and Chua for their support.
Persons: , Sen, JD Vance, Donald Trump, JD, Trump, Vance, Peter Thiel, Thiel, Amy Chua, Chua, Chua's, Amy Chua's, Bill Tompkins, Tina Bennett, Bennett, Tina, Tom Brokaw, Chua JD Vance, Usha Chilukuri, Anna Moneymaker, he'd, Usha, Chilukuri, America's Hitler, I'm, Trump's, J.D, @JDVance1, Brett Kavanaugh, Edward Luce Organizations: Service, Yale Law School, America, Business, Ohio State University, Ivy League, Yale, Harvard, Duke Law School, Getty, Trump, Supreme, Financial Times Locations: Ohio, United States of America
That person, Tesla billionaire Elon Musk, was one of several people urging Trump in the final moments to select Ohio Sen. JD Vance. Only moments earlier, Trump had shared the information with Vance himself, according to multiple people familiar with the call. Trump spent the final 24 hours waffling over his pick, multiple sources told CNN, leaving even those in his inner circle guessing about his ultimate choice. Several Republican donors argued for Youngkin as Trump’s pick in recent days as it became clear that Rubio and Burgum may not make the cut. “I can’t stomach Trump,” Vance said in an interview with NPR at the time.
Persons: Donald Trump’s, Elon Musk, Trump, Ohio Sen, JD Vance, Vance, ’ ” Vance, , , Vance wasn’t, Vance’s, David Sacks, Monday’s, ” Vance, Doug Burgum, Florida Sen, Marco Rubio, Rubio, South Carolina Sen, Tim Scott, Glenn Youngkin, Mike Pence, Pence, he’d, Burgum, Donald Trump Jr, Steve Bannon, Trump’s MAGA, Tucker Carlson, Rupert Murdoch, Sean Hannity, Bannon, Carlson, president’s MAGA, Usha Chilukuri Vance –, , Sacks, Steve Witkoff, Alabama Sen, Tommy Tuberville, Jim Banks, waffled, Trump Jr, I’ve, “ America’s Hitler, , CNN’s Dana Bash, ” Vance’s, Mike DeWine, wouldn’t, ” CNN’s Kristen Holmes, Kit Maher Organizations: CNN, Ohio, Vocal, Republican National Convention, Fox News, GOP, Trump, Trump’s, North Dakota Gov, Burgum, Virginia Gov, Indiana, Youngkin, Fox News Corp, onetime Fox News, Trump Jr, Indiana Rep, Mar, Ohio Republican, Democrats, NPR, Ohio’s Republican, Yale Locations: Milwaukee, Pennsylvania, Michigan, California, Butler , Pennsylvania, Florida, South Carolina, Ohio, Cincinnati, Alabama, North Dakota
But his former colleagues previously told Business Insider in a 2021 report that his business expertise wasn't that noteworthy. AdvertisementVance's former coworkers previously told BI that Vance was away from his new job much at the time to promote his book. Trump's campaign also didn't respond to a request for comment about how Vance's old colleagues characterized his VC work. AdvertisementVance's time at Revolution did provide him the connections needed to go off and start his own VC firm, Narya Capital, in 2019. "There are a thousand red flags," Jeff Sohl, director of the University of New Hampshire's Center for Venture Research, previously told BI.
Persons: , Donald Trump's, JD Vance, Trump, Vance, Peter Thiel, didn't, weren't, Steven Case's, Narya, Jeff Sohl, Donald Trump Organizations: Service, Technology, Finance, Business, Mithril, BI, Narya, Politico, University of New Hampshire's Center for Venture Research Locations: Ohio, San Francisco
Read previewFormer President Donald Trump, who was seen pumping his fist in the air after he got shot at during a rally in Butler, Pennsylvania, said that he was glad he didn't have to die for an iconic picture. "A lot of people say it's the most iconic photo they've ever seen," Trump said to the New York Post on Sunday. Secret Service tending to Donald Trump onstage at a rally in Butler, Pennsylvania, after he was shot at. AdvertisementHe'll never stop fighting to Save America 🇺🇸 pic.twitter.com/qT4Vd0sVTm — Donald Trump Jr. (@DonaldJTrumpJr) July 13, 2024Florida Sen. Marco Rubio also shared the photo, saying: "God protected President Trump." "So I looked at the stage, and I saw the Secret Service agents rushing to President Trump."
Persons: , Donald Trump, Trump, Anna Moneymaker, Donald Trump Jr, Evan Vucci Organizations: Service, New York, Business, Secret Service, Republican, Trump, Associated Press, Save Locations: Butler , Pennsylvania
Read previewIn the wake of an assassination attempt against him, Donald Trump has an idea to unite the country: stop prosecuting him. Shortly after a Florida judge dismissed the classified documents case against Trump, Trump urged in a post on Truth Social on Monday that all remaining charges against him should be dropped. Without providing any details, Trump told the Post "we hear" that Biden will order the Department of Justice to drop its criminal cases against Trump. Trump and the GOP have repeatedly alleged, long before Saturday's shooting, that Biden is behind the charges against Trump. "Our prayers are with the victims of the shooting, President Trump and our country."
Persons: , Donald Trump, Trump, Joe Biden's, us, Biden, Biden wouldn't, there's, Robert O'Brien, Mike Lee of, We've, O'Brien Organizations: Service, Trump, Business, Democrat Justice Department, The New York, of Justice, DOJ, GOP, Sunday Locations: Pennsylvania, Florida, Mike Lee of Utah, PA, New York, Georgia
US District Judge Aileen Cannon — who was appointed to the bench by Trump while he was president — ruled Monday that the appointment of Justice Department Special Counsel Jack Smith, who is overseeing the prosecution, was unconstitutional. The legality of Justice Department special counsels has been the subject of some debate over the past two decades. Since then, the US Attorney General has appointed special counsels with less authority while relying on internal Justice Department regulations. AdvertisementDefense lawyers in special counsel investigations have routinely argued the appointment of these newer special counsels is unconstitutional. His lawyers had signaled that, on appeal, they would challenge the legality of appointing a special counsel in the first place.
Persons: Trump's, Lago, Aileen Cannon —, , Jack Smith, Smith, Trump, Cannon, Jean Carroll's, Carroll, defaming, Ronald Reagan's, Bill Clinton's, General, Clarence Thomas, Robert Mueller, Hunter Biden, David Weiss Organizations: Trump, Business, White, FBI, Justice, Congress, Justice Department, Appeals, US, Defense Locations: Mar, Lago, Florida, Manhattan, Georgia, Iran, United States
Goldman Sachs — Shares slipped less than 1% after the bank posted a second-quarter earnings beat . Crypto stocks — Shares of bitcoin miners and cryptocurrency stocks rose as bitcoin and Ethereum popped more than 4%. Tesla — The electric vehicle stock rose 4%, building on a more than 25% gain so far this month. BlackRock — Shares rose 1.2%. The world's largest asset manager posted second-quarter adjusted earnings per share of $10.36, exceeding the LSEG consensus estimate of $9.93.
Persons: Donald Trump, Goldman Sachs, Goldman, LSEG, Coinbase, Tesla, AutoNation, Morgan Stanley, Baxter, — CNBC's Lisa Han, Hakyung Kim, Sarah Min, Jesse Pound, Pia Singh Organizations: Trump Media & Technology, Trump, Apple, Bloomberg News, Micro Computer, Walgreens, Alliance, Marathon, Technologies, Sunnova Energy, Energy, Stelco Holdings, CDK, Baxter Locations: India, Cleveland, BlackRock
Mr. Vance, 39, is a political newcomer who entered the Senate only last year, but he has spent that time methodically ascending the conservative firmament. Once an acerbic Trump critic — attacking Mr. Trump as “reprehensible” and calling him “cultural heroin” — he won Mr. Trump’s backing in his 2022 Senate race by wholly embracing his politics and his lies about a stolen election. Mr. Vance, a venture capitalist in Silicon Valley who became best known for writing the memoir “Hillbilly Elegy,” did not forget it. Mr. Trump announced his choice in a post on his social media platform Truth Social on Monday, as the Republican National Convention was getting underway in Milwaukee. He said that Mr. Vance was “the person best suited” to be his potential vice president.
Persons: Donald J, Trump, J.D, Vance of, Vance, , Trump’s, , Mitch McConnell Organizations: Republican, Senate, Republican National Convention, Marine Corps Locations: Vance of Ohio, Silicon Valley, Milwaukee
Editor's note: This is a developing story and will be updated throughout the day. Former President Donald Trump on Monday officially received the 1,215 delegates required to become the official GOP presidential nominee at the Republican National Convention in Milwaukee. The designation came moments after Trump on Truth Social announced Sen. JD Vance, R-Ohio, to be his running mate, solidifying the Republican ticket for November. The convention kicks off days after Trump's attempted assassination at a Pennsylvania rally on Saturday where one rally attendee was killed, and two others were critically injured. From Monday to Thursday, over 80 of Trump's closest allies, big-ticket donors and other lawmakers are expected to speak.
Persons: Donald Trump, Trump, Sen, JD Vance, Trump's, Thomas Matthew Crooks, Corey Lewandowski, Marjorie Taylor Greene, Amber Rose, David Sacks, South Carolina Sen, Tim Scott, Kristi Noem Organizations: Monday, Republican National Convention, Truth Social, Republican, RNC, Trump, decibel, Georgia, South, South Dakota Gov Locations: Milwaukee, R, Ohio, South Carolina, City
Shares of former President Donald J. Trump’s social media company surged on the first trading day after his attempted assassination. Shares in Trump Media & Technology Group, the parent company of the Truth Social platform, rose more than 30 percent soon after the start of trading. Mr. Trump is the largest shareholder of Trump Media, with 114 million shares. Trump Media has been a volatile stock since it debuted in the market in March after its merger with a cash-rich shell company. Trump Media is not generating much in the way of revenues from advertising on Truth Social, but at times the stock has become a proxy for Mr. Trump’s political fortunes.
Persons: Donald J, Trump, Trump’s Organizations: Trump Media & Technology Group, Trump Media, Truth
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