Jason Karaian

The former president is in line for a windfall after the stock price of Trump Media hit performance targets in its first few weeks of trading, raising the value of his already sizable stake.

The former US president’s sizable stake in his social media company is set to jump even more as he’s rewarded with additional shares in its parent company. But he can’t sell any of them for months.

Prices climbed 3.4 percent in April from a year earlier, a moderation after some hot inflation readings this year. Stocks rose as investors bet that the Federal Reserve could cut interest rates sooner.

The Truth social network logo is seen displayed in this picture illustration taken February 21, 2022. (REUTERS/Dado Ruvic/Illustration)

The Federal Reserve left interest rates unchanged on Wednesday and signaled one cut in 2024, with more to come in 2025. Earlier, inflation data for May came in cooler than expected.

A new Democratic ticket could alter investors’ perceived election odds, with implications for stocks, bonds, the dollar and more.

After intense pressure from within his own party, President Biden said he was ending his campaign and backing Vice President Kamala Harris to run in his place. Ms. Harris said she would seek the nomination, adding: “Together, we will fight. And together, we will win.”

President Yoon Suk Yeol’s top aides offered to resign hours after he rescinded his extraordinary order. Protesters are calling for his resignation as lawmakers prepare to meet.

President Yoon Suk Yeol’s top aides offered to resign hours after he rescinded his extraordinary order. Protesters are calling for his resignation as lawmakers prepare to meet.

President Trump’s early moves signaled sweeping changes to immigration, taxes and foreign aid, and prompted court challenges and confusion. On his first full day back in office, he planned to make a major infrastructure announcement, the White House said.