Trump Media shares slide 12% to end second week of trading
CBSN
Donald Trump's media business continued its rocky start as a public company, with shares in Trump Media & Technology Group closing at a new low since listing on the Nasdaq exchange late last month.
The stock — which trades under the ticker symbol "DJT," the former president's initials — on Friday fell $5.56, or 12%, to close at $40.59 — the company's lowest level since its March 26 debut. For the week, Trump Media shares slid more than 32%. The company, which operates Trump's Truth Social platform, has lost roughly $4 billion in market value over that stretch.
Although Trump Media shares initially soared to a high of $79.38 on March 26, Wall Street analysts have questioned the company's financial prospects, saying it is overvalued and comparing it to "meme" stocks like GameStop.
In southwest Atlanta, Black-owned businesses are keeping the history of their neighborhoods alive – and it all starts with a cup of coffee.
A Hawaii man who spent 30 years in prison for a murder he long denied committing declared the day "Freedom Friday" and said he was eager to visit his mother after a judge ordered him released because of new DNA evidence.
Hamas has handed over three more Israeli hostages to the Red Cross in the latest exchange under the fragile ceasefire.
The Defense Department said Friday that it's cutting about 5,400 probationary workers starting next week and will put a hiring freeze in place.
A federal judge on Friday blocked a sweeping executive order from President Trump that sought to end government support for programs promoting diversity, equity and inclusion.
The Department of Justice has eliminated its national database that tracked misconduct incidents among federal law enforcement officers.
Former Proud Boys national leader Enrique Tarrio was arrested Friday near the U.S. Capitol on a charge that he assaulted a woman protesting a gathering attended by Tarrio and others who received presidential pardons for crimes stemming from the Jan. 6, 2021, riot in the nation's capital.
The Associated Press sued three Trump administration officials Friday over access to presidential events, citing freedom of speech in asking a federal judge to stop the 10-day blocking of its journalists.
The Trump administration is considering moving the U.S. Postal Service, an independent federal agency, under the Commerce Department, two sources tell CBS News.
Washington — A federal judge on Friday declined to block the Trump administration from putting thousands of employees with U.S. Agency for International Development on administrative leave and recalling others from overseas, clearing the way for the president to resume his efforts to overhaul the agency as part of his plans to slash the size of the federal government.
An attorney employed by U.S. Immigration and Customs Enforcement allegedly made "racist, bigoted, xenophobic, hateful, harassing and dishonest" posts on an X account where he tried to hide his identity, according to a legal complaint filed against him.
Michael Sayih and Max Fink share a common goal: to make history together. The South Florida natives are regular racing partners who have competed in 5K, Iron Man and marathon events around the world. Their current goal is to become one of the first Duo Teams — one athlete pushing the other in a wheelchair — to complete six Abbott World Marathon Majors together.
Elon Musk's Department of Government Efficiency, known as DOGE, has continued to slash through federal agencies, firing workers and canceling contracts. But as it tallies its savings online, there are continuing indications that the group, which President Trump has referred to as Musk's team of "super geniuses," is overstating its achievements.