Trump plan for new media venture gets investors' thumbs up
CBSN
Some investors aren't waiting to see if former President Donald Trump's plans for a media company to challenge the likes of Facebook, Twitter and even Disney can actually become reality — they're all in.
Trump said Wednesday that he's launching Trump Media & Technology Group as a rival to the Big Tech companies that have shut him out and denied him the megaphone that was paramount to his national rise. The announcement came nine months after Trump was expelled from social media for his role in inciting the Jan. 6 Capitol insurrection.
The new venture said it had been created through a merger with Digital World Acquisition Corp., and seeks to become a publicly listed company. Shares of Digital World Acquisition quadrupled in value in afternoon trading Thursday, even though there's a long way to go before the deal gets finalized and the venture becomes a bona fide media outlet.
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Jamie Dimon, the CEO of JPMorgan Chase, is speaking out President Trump's sweeping tariffs, cautioning the levies could lead to higher inflation and slow the U.S. economy. Other Wall Street leaders are also starting to express tariff-related concerns, including billionaire hedge fund manager Bill Ackman.
President Trump on Monday said the U.S. will apply an additional 50% tariff on imports from China if the Asian nation doesn't withdraw its plan to impose a retaliatory 34% import fee on American products.
Stocks in the U.S. resumed their dizzying drop in early trade Monday as fear grips investors unsettled by the Trump administration's raft of new tariffs on imports.
As the Trump administration makes major cuts to federal health agencies, including the National Institutes of Health, some Alzheimer's experts are worried about research for the brain-impairing disease being halted, which could impact treatment options and the lives of patients and their families.
Days of unrelenting heavy rain and storms killed at least 20 people as some rivers rose to near-record levels and towns were inundated across an already saturated South and parts of the Midwest.
MANSFIELD, La. — When Desoto Regional Health System took out $36 million in loans last year to renovate a rural hospital that opened in 1952, officials were banking on its main funding source remaining stable: Medicaid, the joint federal-state health program for low-income people and the disabled.
Jay North, who starred as the towheaded mischief maker on TV's "Dennis the Menace" for four seasons starting in 1959, has died. He was 73.
Overseas financial markets plunged in early trading Monday, while U.S. stock futures came under renewed selling pressure after leading indexes crumbled last week amid investor fears over the economic fallout from the Trump administration's latest tariff salvo.
A landmark Justice Department office created in the 1960's during the civil rights movement is marked for closure by the Trump administration, raising fears of a loss of generations of work tamping down and working to prevent unrest in the nation's major cities.
UConn is back on top of women's basketball, winning its 12th national championship by routing defending champion South Carolina 82-59 on Sunday, ending a nine-year title drought for the team.
Convicted of embezzling public funds and banned from running for office, far-right politician Marine Le Pen stood unshaken before a sea of French flags in Paris on Sunday. "For 30 years I have fought against injustice," she told the crowd. "And I will continue to fight."
Alex Ovechkin has broken Wayne Gretzky's record for most goals in NHL history by scoring the 895th goal of his career on Sunday.
Washington — Rep. Don Bacon, a Nebraska Republican, said Sunday that he has "beginning support" in the House for forthcoming legislation that would give Congress more authority over tariffs and trade policy amid concerns on Wall Street and on Capitol Hill after President Trump announced far-reaching new tariffs last week.