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The Latest Breaking News from DWAC

3 charged in insider trading case related to taking ex-President Donald Trump's media company public

Three Florida men have been charged with making over $22 million illegally through insider trading by trading ahead of the public announcement that a special purpose acquisition corporation was going to take a media company owned by former President Donald Trump public

The Independent UK

Is Digital World Acquisition (DWAC) a Winner?

Shares of special purpose acquisition company Digital World (DWAC) have plummeted more than 70% over the past year. The stock has been on a downtrend since news of the merger with Donald Trump’s media company broke in 2021, with federal investigations delaying the deal’s closing. So, following Trump’s recent indictment,…

StockNews.com

3 Financial Services Stocks to Beware of

As the United States grapples with the critical stage of raising its massive debt ceiling, the financial services sector finds itself on high alert. Hence, fundamentally weak financial services stocks BRP Group (BRP), Digital World (DWAC), and SAI.TECH Global (SAI) might be best avoided. Keep reading.

StockNews.com

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Avoid These 3 Financial Stocks like the Plague

Rising interest rates usually benefit companies in the financial sector. However, not every financial stock can capitalize on the current interest rate environment. Also, given the financial sector crisis, it could be wise to avoid financial stocks BRP Group (BRP), Marathon Digital (MARA), and Digital World Acquisition (DWAC). Keep reading.

StockNews.com

Trump Media executives worried over murky $8m loans, emails reveal

Exclusive: financing with suspected Russian ties came at a critical time as company was running out of cash after a planned merger

The Guardian - US

Federal prosecutors probed Trump social media company for $8m money laundering, report says

Multiple federal regulators have probed social media firm

The Independent UK

Despite the Fed’s best efforts, inflation remains above the comfort zone. Minutes from the Fed’s meeting show that officials are keen on raising interest rates. This could keep the stock market under pressure this year. Therefore, it could be wise for investors to steer clear of Shopify (SHOP), Snap (SNAP),…

StockNews.com

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2 Financial Stocks to Add to Your Portfolio in 2023 and 1 to Remove

After the hotter-than-expected jobs data, monthly inflation rose marginally in January, indicating that the Fed still needs to raise interest rates for some time to achieve its target. This could benefit financial companies as they usually benefit from a rising interest rate environment. Therefore, it could be wise to add…

StockNews.com

'See The Problem?': Short Seller Jim Chanos Rips Into Trump's DWAC Stock Valuation Amid Share Spike

A leading short seller is warning investors to remain cautious on one of Monday's the top stock gainers. Here’s a look at one of the biggest stocks related to Donald Trump and why it’s moving and what could be next.

Benzinga

Trumpers may lose millions on Truth deal

Shell company that sought to acquire Trump's social network is facing liquidation

Salon

Donald Trump Will Announce 2024 Presidential Bid Later This Month: Report

Former President Donald Trump is planning to announce his candidacy for the upcoming 2024 presidential election on Nov. 14, according to Axios, which spoke to sources familiar with the situation. The official announcement could be followed by a multiday series of political events, the Friday report said.

Benzinga

Trump Blasts 'Crazy Nancy' And Jan. 6 Committee In Laundry List Of Grievances After Subpoena: Here's What He Said

After getting slapped with a subpoena from the U.S.

Benzinga

Truth Social SPAC again delays shareholder vote

It is unable to access hundreds of millions of dollars tied to a prospective merger with a blank check acquisition company.

Axios

Another 'Yuge' Setback For Donald Trump's SPAC Merger Deal: Will The Deal Fall Apart?

A SPAC set to take former President Donald Trump’s new media company public is facing another setback as it moves closer to liquidation.

Benzinga

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Salon

Truth Social merger partner loses $130M

Digital World Acquisition changed its address in filing disclosing it's lost $138 million of $1 billion investment

Benzinga

Trump's Deadbeat SPAC Switches Address To A P.O. Box - From A WeWork Office Space In Miami

A SPAC set to take Donald Trump’s media company public has been linked to troubles with finances and difficulties finalizing its merger. A filing reveals the company changed its mailing address and it could provide a hint of financial troubles.

Benzinga

Deadbeat SPAC: Donald Trump's Social Network Isn't Paying Its Bills. Is This The Final Setback?

A SPAC set to take former President Donald Trump’s new media company public could be facing another setback. Here’s the latest.

Benzinga

Trump Vs. Biden: Who Would Americans Vote For If 2024 Election Was Held Right Now? New Poll Finds Out

A majority of Americans do not want Donald Trump to run for President again in 2024, according to a new poll, while another indicates he’s behind President Joe Biden in a hypothetical contest.

Get all your
news in one place.

100's of premium titles.
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Axios

Trump's Truth Social faces new challenge

The nascent social network may need a new source of capital.

Axios

Truth Social's ugly truth

Former President Trump's alternative to Twitter is facing serious financial and legal stress.

Benzinga

If You Invested $1,000 In Meta Platforms And Twitter When They Banned Donald Trump, Here's How Much You'd Have Now

Former President Donald Trump was banned from several social media platforms in the wake of the Jan. 6, 2021 attack on the U.S. Capitol. Here’s a look at what’s next for Trump in the social media world and how investors would have done investing in social media stocks that banned…

Benzinga

Affidavit For FBI Raid At Trump's Mar-A-Lago Estate Revealed: 25 Top Secret Documents, FBI Agents Threatened And More

An affidavit was unsealed Friday for the FBI’s raid of former President Donald Trump’s Mar-a-Lago residence.

Benzinga

Donald Trump Added The Patent Office To List Of Government Agencies He's Fighting: Not Just The FBI And White House

Former President Donald Trump is no stranger to legal troubles with past history of battles and current ones with the FBI and the White House.

Benzinga

Donald Trump's Mar-a-Lago Estate Searched by FBI — What Stocks May Be Affected

Former U.S. President Donald Trump released a statement last night that painted the present as “dark times for our nation” as he says his home was “under siege, raided and occupied by a large group of FBI agents.”

Benzinga

White House Was Unaware Of Alleged FBI Raid On Trump's Florida Estate Until Media Reports Came Out

The West Wing was reportedly not aware of the Monday raid by the Federal Bureau Of Investigation on former President Donald Trump’s Mar-a-Lago estate in Florida.

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