Markets slump as Trump vows 50 per cent tariffs on the EU May 23, 2025 President Trump has announced he is “recommending” 50 per cent tariffs be imposed on all European Union (EU) imports into the US, sending markets in Europe and the UK into the red. In a post on his Truth Social platform, Trump said that the new rate of trade levies would kick in on 1 June. [...]
GSK and Astrazeneca shares slump as Trump vows drug price cut May 12, 2025 GSK and Astrazeneca shares fall as Trump announces drug price cuts in a new executive order.
FTSE 100 on track for longest winning streak ever May 2, 2025 The FTSE 100 is set to net its longest winning run ever as it recovers from the tariff-induced market chaos of April. Should the UK’s flagship index continue its morning rally and close in the green on Friday for the 15th consecutive trading session, it will beat the current record of 14 days achieved in [...]
NBA breaks rank with NFL and joins X and Truth Social alternative Bluesky February 18, 2025 The NBA has broken ranks with the NFL and established an official presence on Bluesky, the rival social media platform to X. The world’s biggest basketball league launched its account over the last week, though it did not post during its All-Star Weekend. The NBA and some of its teams join Major League Baseball in [...]
Trump and Tesla shares soar as Republicans secure victory November 6, 2024 Shares in Trump Media & Technology Group and Tesla soared in early trading on Wednesday as investors rallied behind stocks associated with newly elected US President Donald Trump and one of his key backers, Elon Musk. Trump Media & Technology Group (TMTG), owner of the Truth Social platform, spiked as much as 35 per cent [...]
Donald Trump’s Truth Social craters to $300m loss amid market manipulation claims May 21, 2024 Trump Media and Technology Group's primary asset Truth Social generated just $770,500 in sales over the quarter.
Trump could gain £2.4bn in Truth Social public float March 22, 2024 Former US President Donald Trump could be in the money to the tune of £2.4bn after investors approved his plan to launch online platform Truth Social on the stock market.
Trump’s social media raises $1bn from investors December 5, 2021 TRUTH Social, the new social media launched by Donald Trump’s Trump Media & Technology Group (TMTG), has raised $1bn from investors, after entering a subscription agreement with spac Digital World Acquisition Corporation (DWAC). The former US President said the $1bn funding “sends an important message to Big Tech that censorship and political discrimination must end.” [...]
Hedge funds make millions as Spac shares soar post Trump deal October 22, 2021 Hedge funds made millions in potential gains as the shares of a special purpose acquisition company (Spac) that merged with Donald Trump’s new social media soared to 421 per cent yesterday, the Financial Times reported. Called Digital World Acquisition Corporation, the Spac’s shares rose from $9.96 to $51.90, closing at $45.50 – a 357 per [...]