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[1/4] Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., November 7, 2022. Traders are now betting on 61% odds of a 50-basis point rate hike at the U.S. central bank's meeting in December. Meta Platforms Inc (META.O) climbed 5.4% following a report that the company was planning to begin large-scale layoffs this week. Advancing issues outnumbered decliners by a 1.14-to-1 ratio on the NYSE and by a 1.02-to-1 ratio on the Nasdaq. The S&P index recorded 15 new 52-week highs and 11 new lows, while the Nasdaq recorded 58 new highs and 145 new lows.

[1/2] A Wall Street sign outside the New York Stock Exchange in New York City, New York, U.S., October 2, 2020. A split government could result in political gridlock that stymies major policy changes, an outcome that investors see as favorable for equities. Shares of Meta Platforms Inc (META.O) climbed 5.4% following a report that the company was planning to begin large-scale layoffs this week. Advancing issues outnumbered decliners for a 1.31-to-1 ratio on the NYSE and a 1.10-to-1 ratio on the Nasdaq. The S&P index recorded six new 52-week highs and two new lows, while the Nasdaq recorded 43 new highs and 95 new lows.

[1/2] A Wall Street sign outside the New York Stock Exchange in New York City, New York, U.S., October 2, 2020. REUTERS/Carlo AllegriSummarySummary Companies Meta Platforms rises on report of job cutsFutures up: Dow 0.22%, S&P 0.21%, Nasdaq 0.23%Nov 7 (Reuters) - U.S. stock indexes were set to open higher on Monday following a rollercoaster week, with investor focus shifting to Tuesday's midterm elections that will determine control of Congress. Traders are now betting on 67% odds of a 50-basis point rate hike at the U.S. central bank's meeting in December. ET, Dow e-minis were up 72 points, or 0.22%, S&P 500 e-minis were up 7.75 points, or 0.21%, and Nasdaq 100 e-minis were up 25.25 points, or 0.23%. The CBOE Volatility index (.VIX), also known as Wall Street's fear gauge, rose to 25.38 points a day after closing at its lowest since Sept. 13.

[1/2] A Wall Street sign outside the New York Stock Exchange in New York City, New York, U.S., October 2, 2020. "In general we have seen stocks perform better after a split government, I expect that to continue." Economists expect the annual consumer prices inflation to slow to 8.0% and the core numbers to dip to 6.5%. Both the midterm elections and inflation are likely to provide major cues for Wall Street after a volatile week dominated by mixed jobs report and hawkish comments from Fed Chair Jerome Powell. All the three major U.S. stock indexes are in bear market territory, from their previous record closing highs.

Nov 7 (Reuters) - Shares of Digital World Acquisition Corp, the blank-check company looking to take Donald Trump's social media venture public, rallied on Monday over the former president's possible run for the 2024 presidential election. The rally in DWAC, which was also the top trending ticker on retail investor focused social media forum Stocktwits, helped lift shares of other Trump-linked companies. Trump's social media venture Truth Social announced it would join Rumble's new ad platform as its first publisher in August. Artificial intelligence solutions company Remark Holdings (MARK.O), which has been linked to the former president on social media sites, gained 6%. Reporting by Shreyashi Sanyal, Akash Sriram and Anisha Sircar in Bengaluru; Editing by Vinay DwivediOur Standards: The Thomson Reuters Trust Principles.

☆ Shares of Trump-linked SPAC soar 66% as former president hints at 2024 run
▼ + stars: | 2022-11-07 | by ( Jack Stebbins | ) www.cnbc.com time to read: +2 min

The social media app will be developed by Trump Media and Technology Group (TMTG). Shares of Digital World Acquisition Corp ., the company set to take Trump Media and Technology Group public, spiked Monday after former president Donald Trump hinted at a 2024 presidential run. The stock is still down 43% year to date as the special purpose acquisition company navigates financial and legal troubles. However, the company still faces a hurdle to completing its acquisition of Trump Media and the Truth Social platform. Internal documents revealed that he was approached with opportunities from alternative platforms Gettr and Parler before committing to the Trump Media enterprise.

Digital World Acquisition Corp (DWAC) (DWAC.O) Chief Executive Patrick Orlando on Thursday said he is extending a voting deadline until Nov. 22. At stake is a $1.3 billion cash infusion that Trump Media & Technology Group (TMTG), which operates Trump's Truth Social app, stands to receive from DWAC. DWAC shares, which have tumbled nearly 70% since January, inched up modestly in early trading on Thursday to $16.31. Before that it had delayed several times, moving the deadline to Oct. 10 from Sept. 8, and before that from Sept. 6. By Sept. 26, DWAC had only 43% of shareholders' approval, according to a document seen by Reuters.

☆ Trump Media deal partner DWAC adjourns shareholder meeting for sixth time as it seeks votes to delay merger
▼ + stars: | 2022-11-03 | by ( Jack Stebbins | ) www.cnbc.com time to read: +2 min

The Truth social network logo is seen displayed behind a woman holding a smartphone in this picture illustration taken February 21, 2022. Digital World Acquisition Corp ., the shell company set to take Trump Media and Technology Group and its Truth Social platform public, adjourned a shareholder vote on the planned merger for a sixth time Thursday as its Dec. 8 liquidation date nears. DWAC needs 65% of its shareholders to approve an extension of the Trump Media merger to September 2023, a year beyond its original deadline. At least $138 million of the $1 billion that would go to Trump Media has been pulled by these investors. The former president, however, has indicated he will be staying exclusively on Truth Social.

☆ Trump Media documents suggest Parler, Rumble as possible merger partners
▼ + stars: | 2022-11-02 | by ( Jack Stebbins | ) www.cnbc.com time to read: +3 min

The Rumble video platform logo on a laptop computer arranged in Hastings on Hudson, New York, on Saturday, Jan. 23, 2021. Trump Media and Technology Group executives named Parler and Rumble as theoretical acquisitions or partners, according to documents provided by co-founder and whistleblower, William Wilkerson, through his counsel. Wilkerson was one of the early executives at Trump Media and its Twitter-esque social media platform Truth Social. DWAC and Trump Media are also the subject of a criminal probe into possible securities violations relating to conversations that occurred between the two parties prior to the merger announcement. While the photo names these possible acquisition targets, it also names a number of other ventures for Trump Media that have yet to come to fruition, including "Trump Faith/Classic Films," "Trump Book Publishing" and "Trump Documentaries."

As recently as August, Lachlan Murdoch described sports betting as "a huge opportunity" for Fox Sports, telling Wall Street it would fuel viewer engagement. The sports betting app Fox Bet is available in four states, with just 0.2% share of the U.S. market, according to researcher Vixio. A free version called Fox Bet Super 6 has attracted some 6 million users whom Fox hopes to eventually convert to gamblers. The growth of Fox Bet has stagnated since market-leading FanDuel's owner, Flutter Entertainment Plc (FLTRF.L), acquired Stars Group in 2020. The matter is the subject of an arbitration case and Lachlan Murdoch told investors a decision is expected imminently.

☆ Ammunition tech firm TV Ammo to go public in $1.2 billion blank-check deal
▼ + stars: | 2022-11-01 | by ( ) www.reuters.com time to read: +1 min

Nov 1 (Reuters) - Ammunition technology company TV Ammo Inc will merge with blank-check firm Breeze Holdings Acquisition Corp (BREZ.O) in a deal that values the combined entity at $1.21 billion, the companies said on Tuesday. The transaction is expected to generate cash proceeds of about $76.8 million, assuming there are no redemptions from the trust account of the blank-check or special-purpose acquisition company (SPAC). The De-SPAC Index (.DESPACTR) that tracks a basket of companies that have listed through SPAC mergers is down roughly 65% so far this year. A SPAC is a listed shell company that merges with a private company, taking it public in the process. After the deal closes, expected towards the first quarter of 2023, Breeze Holdings will be renamed "True Velocity Inc".

[1/2] The Truth social network logo is seen displayed behind a woman holding a smartphone in this picture illustration taken February 21, 2022. The involvement of the previously unnamed financial backers of Trump Media & Technology Group (TMTG) – parent company of social media app Truth Social – shows how Trump tapped his political supporters to launch an outlet aimed at political conservatives and libertarians after he was banned from Twitter and Facebook following the Jan. 6, 2021 attack on Congress. TMTG launched Truth Social in February in the Apple App Store and in Google’s Play Store in October. Truth Social has been downloaded 2.9 million times across both platforms, according to market tracker Appfigures. Trump had 4.37 million followers on Truth Social as of Oct. 27, compared to the more than 88 million followers he had on Twitter when the platform permanently suspended him.

[1/2] The Truth social network logo is seen displayed behind a woman holding a smartphone in this picture illustration taken February 21, 2022. REUTERS/Dado Ruvic/IllustrationOct 28 (Reuters) - Ever since former U.S. President Donald Trump launched a new media company aimed at rivaling Twitter, there has been a mystery over who provided the money. TMTG launched Truth Social in February in the Apple App Store and in Google’s Play Store in October. Truth Social has been downloaded 2.9 million times across both platforms, according to market tracker Appfigures. Trump had 4.37 million followers on Truth Social as of Oct. 27, compared to the more than 88 million followers he had on Twitter when the platform permanently suspended him.

☆ Truth Social merger partner's shares slip after Trump weighs in on Elon Musk Twitter deal
▼ + stars: | 2022-10-28 | by ( Jack Stebbins | ) www.cnbc.com time to read: +3 min

Shares of Digital World Acquisition Corp. , the blank check company set to take Trump Media and Technology Group and its Truth Social platform public, slipped Friday as Elon Musk took the reins at Twitter. The former president had around 88 million followers on Twitter, but he's amassed only 4.37 million on Truth Social. Barring legal intervention, Trump Media currently has until December to complete the merger with DWAC and go public. Trump posted on Truth Social Friday praising Musk's acquisition, but also touting his own platform. "TRUTH SOCIAL has become somewhat a phenomena.

☆ Rep. Marjorie Taylor Greene suffers large financial loss one year after buying stock in a company that's trying to merge with Trump's 'Truth Social' platform
▼ + stars: | 2022-10-24 | by ( Madison Hall | ) www.businessinsider.com time to read: +5 min

One year ago, Rep. Marjorie Taylor Greene invested between $15,001 and $50,000 in a SPAC that wants to merge with Trump's "Truth Social" platform. It's been a tumultuous year for Truth Social and Digital World Acquisition Corp. since Greene and Bucshon invested. Trump — still banned from Twitter — uses Truth Social to post statements and screeds, and Google this month added the Truth Social app to its Google Play Store. But Truth Social usage is underwhelming, even after an uptick in downloads following the FBI's raid in August on Trump's Mar-a-Lago residence. An Insider analysis previously found Perry Greene invested hundreds of thousands into corporations that openly champion social causes Marjorie Taylor Greene opposes.

☆ The company behind Truth Social fired its co-founder after he shared whistleblower documents with the Washington Post, the publication reported
▼ + stars: | 2022-10-18 | by ( Grace Dean | ) www.businessinsider.com time to read: +5 min

The company behind Truth Social fired one of its co-founders, the Washington Post reported. Will Wilkerson shared documents with the Post related to an SEC whistleblower complaint he filed in August. Trump Media fired him last Thursday for sharing "unauthorized disclosures," per the publication. Will Wilkerson, who was the company's senior vice-president of operations, shared documents with The Post related to an SEC whistleblower complaint he filed in August. On Thursday, Trump Media dismissed Wilkerson, attributing the move to "unauthorized disclosures" he made to The Post, the publication reported.

CNN —A former executive at Donald Trump’s media company claims the former President retaliated against a board member who refused to give Melania Trump shares of the company, according to a report from The Washington Post. Wilkerson told the Post that Litinsky believes his ouster was retribution for his failure to cede his shares to Melania Trump. Wilkerson told the Post that Trump refused to put any of his own money into the company despite demanding to own 90% of its shares. A liquidation would have also threatened the additional $1 billion the Trump media company has raised. Digital World shares fell 8% on Monday to $16.11, leaving them down nearly 70% so far this year.

Former President Donald Trump's media company fired an executive Thursday after he shared internal documents from a Securities and Exchange Commission whistleblower complaint with The Washington Post and spoke with the newspaper, the news outlet reported Saturday. In the article, he also described strife within Trump Media, including tension with CEO Devin Nunes, who, as a Republican congressman, was one of Trump's most loyal defenders. Digital World Acquisition Corp. , the SPAC seeking to take the media company public, didn't immediately respond to a request for comment. Trump Media fired Wilkerson for making "unauthorized disclosures" to the Post, the newspaper said. The report comes as DWAC pushes its shareholders to vote to delay its planned merger with Trump Media, which was announced last year.

☆ Digital World Acquisition Corp shares jump after Google Play Store approves Trump's Truth Social
▼ + stars: | 2022-10-13 | by ( Jack Stebbins | ) www.cnbc.com time to read: +3 min

Shares of Digital World Acquisition Corp ., the shell company set to take Trump Media and Technology Group public, surged after former President Donald Trump's Truth Social social media platform was allowed on the Google Play Store Wednesday. Android users could previously access the platform through their web browser or through "side-loading" the application through the Truth Social website. Truth Social agreed to enforce content moderation and to remove and block users who publish posts that incite violence, according to Google. The former president had over 80 million followers on Twitter, but he has only around 4 million on Truth Social. Investors have cited these anemic numbers among their reasons for pulling funding from the DWAC-Trump Media merger.

☆ Trump SPAC stock jumps after Google adds Truth Social to Play Store
▼ + stars: | 2022-10-12 | by ( Jack Stebbins | ) www.cnbc.com time to read: +3 min

The Truth social network logo is seen displayed behind a woman holding a smartphone in this picture illustration taken February 21, 2022. Shares of Digital World Acquisition Corp ., the company aiming to take former President Donald Trump's media company public, jumped during after-hours trading after Google added the Truth Social app to its Play Store. Google reinstated Parler, a platform similar to Truth Social, to the Play Store in September after the app was substantially modified to comply with Google's policies. DWAC's private investors were set to provide $1 billion to Trump Media upon the merger's completion. Meanwhile, a whistleblower from within Trump Media, William Wilkerson, has provided the SEC with internal documents.

☆ Flexjet to Go Public Through $2.6 Billion SPAC Deal
▼ + stars: | 2022-10-11 | by ( Will Feuer | ) www.wsj.com time to read: 1 min

Subscription-based jet company Flexjet Inc. said it has struck a deal to go public through a merger with a special-purpose acquisition company that would value the combined entity at about $2.6 billion. The Cleveland-based company said it will merge with Horizon Acquisition Corp. II a SPAC led by billionaire investor Todd Boehly , one of the new owners of soccer club Chelsea FC and a part owner of the Los Angeles Dodgers. Including debt, the combined company would be valued at $3.1 billion, the companies said.

☆ Trump-tied SPAC delays vote after falling short on shareholder support
▼ + stars: | 2022-10-10 | by ( Echo Wang | ) www.reuters.com time to read: +2 min

At least 65% of the shareholders of Digital World Acquisition Corp (DWAC.O) needed to agree to the extension. The special purpose acquisition company (SPAC) opted to push back the deadline to try to find more votes. Digital World last month said it had received termination notices from PIPE investors who were pulling out about $139 million of the total financing commitment. Digital World has not yet received approval from the U.S. Securities and Exchange Commission (SEC), which is reviewing its disclosures on the deal. Digital World is set to liquidate on Dec. 8, after managing to extend its life by three months in September.

☆ Digital World Acquisition Corp prepares merger-delay vote as Trump Media exec warns company will fail
▼ + stars: | 2022-10-10 | by ( Jack Stebbins | ) www.cnbc.com time to read: +4 min

The former US President announced his intention to create a new social media platform after he was banned from Facebook and Twitter last year. The company is also dealing with the fallout from a Trump Media executive's whistleblower complaint to federal regulators. A senior vice president at Trump Media, William Wilkerson, filed a whistleblower complaint alleging securities violations in August. Trump Media recently announced that the company was exploring legal action against the SEC for delaying the deal. "If they don't come with the financing I'll have it private," Trump said to supporters in an early-October rally in Michigan.

☆ Premarket stocks: Markets are starting to act super strange
▼ + stars: | 2022-10-06 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +6 min

A weakening labor market puts downward pressure on wages and inflation. The labor market is still tight with about 1.7 job openings for every unemployed worker in the US. New private employment data on Wednesday by payroll services firm ADP suggested that the labor market isn’t losing any steam. The rise in oil gave a lift to energy stocks, helping to boost the overall market, reports Paul R. La Monica. Plus: US Department of Labor reports weekly jobless claims at 8:30 a.m.

☆ Trump SPAC shares slide after Elon Musk revives deal to buy Twitter
▼ + stars: | 2022-10-04 | by ( Jack Stebbins | ) www.cnbc.com time to read: 1 min

Shares of Digital World Acquisition Corp ., the special-purpose acquisition company seeking to take Trump Media and Technology Group public, slid Tuesday after Elon Musk reversed course and proposed going through with his deal to buy Twitter . Shares of DWAC fell more than 5% Tuesday to $17.10. The stock's 2022 peak was about $97 in March. Trump Media and Technology Group owns Truth Social, the platform founded by former President Donald Trump after he was banned from Twitter following the Jan. 6, 2021 Capitol insurrection.

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