US Stock Reports, Quotes and News
Trump Media & Technology Group (DJT) sent a letter to Nasdaq\’s CEO on Thursday warning of \”potential market manipulation\” of the company\’s stock via the \”naked\” short selling of shares.
(Reuters) – Shares of Donald Trump\’s media and technology company were up more than 3% on Friday after it asked the Nasdaq exchange to help prevent \”naked\” short-selling in its shares.
The broader NSE Nifty climbed 151 points or 0.69% to finish at 22,147. Among the Sensex constituents, Bajaj Finance, M&M, HDFC Bank, JSW Steel, and Maruti emerged as the top gainers, registering gains of 2-3%. Infosys, HCL Tech, and TCS closed 0.6% to 1.2% lower, resulting in a 0.4% decline in the IT index.
(Reuters) -Trump Media & Technology Group is planning to roll out a live TV streaming platform in phases, the Truth Social-parent said on Tuesday after six months of testing.
Trump Media & Technology Group closed down 18.4% at $26.61 as more of the euphoria that surrounded the stock fades. It\’s a sharp comedown since nearing $80 after the owner of Truth Social merged with a shell company to get its stock trading on the Nasdaq under the symbol \”DJT,\” for Trump\’s initials.
J.P.Morgan and Morgan Stanley started coverage on Reddit with equivalent to \”hold\” ratings, as they wait for clarity on the social media company\’s user growth, while staying bullish on ad-revenue growth and artificial intelligence (AI) initiatives.
BEIJING (Reuters) – Former China Everbright (OTC:CHFFF) Group Chairman Tang Shuangning has been charged with taking bribes and corruption, Chinese state media reported on Friday.