Trump Media stocks sinks and soars, and the good news in Nvidia's slump: Markets news roundup

Photo: Kevin Dietsch (Getty Images), Anna Moneymaker (Getty Images), Jakub Porzycki/NurPhoto (Getty Images), Michael M. Santiago (Getty Images), BRYAN R. SMITH (Getty Images), Image: Win McNamee (Getty Images)
Photo: Kevin Dietsch (Getty Images), Anna Moneymaker (Getty Images), Jakub Porzycki/NurPhoto (Getty Images), Michael M. Santiago (Getty Images), BRYAN R. SMITH (Getty Images), Image: Win McNamee (Getty Images)

Trump Media stock sinks to another new low even as Donald Trump holds onto shares

Republican presidential candidate and Former President Donald Trump. - Photo: Kevin Dietsch (Getty Images)
Republican presidential candidate and Former President Donald Trump. - Photo: Kevin Dietsch (Getty Images)

Trump Media & Technology Group stock is in a free fall (again).

After the lockup period on Donald Trump’s shares came to an end Friday, shares of Trump Media — the company that owns the former president’s social media site, Truth Social — have slid to new lows. Shares fell 8%, trading at $12.44 each Monday afternoon.

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Trump Media stock surges as Donald Trump holds onto his shares

Republican presidential candidate and Former President Donald Trump. - Photo: Anna Moneymaker (Getty Images)
Republican presidential candidate and Former President Donald Trump. - Photo: Anna Moneymaker (Getty Images)

Shares of Trump Media & Technology Group spiked more than 10% Wednesday afternoon, reversing course after weeks of free-falling that saw the media company’s stock sink to new low after new low.

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Gas hasn’t been this cheap in years — and it could get cheaper this fall

A gas pump - Photo: Jakub Porzycki/NurPhoto (Getty Images)
A gas pump - Photo: Jakub Porzycki/NurPhoto (Getty Images)

Like clockwork, it’s getting less expensive to fill up at the pump in Labor Day’s wake. AAA said earlier this week that the average cost for a gallon hit $3.22, part of a months-long decline for the commodity.

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Nvidia stock’s 20% drop is actually a good sign for the market, strategist says. Here’s why

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Tony Roth, chief investment officer for Wilmington Trust Investment Advisors (MTB), spoke with Quartz for the latest installment of our “Smart Investing” video series.

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Trump Media’s co-founders just dumped more than 7 million shares

Former U.S. President Donald Trump visits Sprankle’s Neighborhood Market in Kittanning, Pennsylvania. - Image: Win McNamee (Getty Images)
Former U.S. President Donald Trump visits Sprankle’s Neighborhood Market in Kittanning, Pennsylvania. - Image: Win McNamee (Getty Images)

United Atlantic Ventures (UAV) has divested over 7.5 million shares of Trump Media’s stock, according to a 13G regulatory filing made with the Securities and Exchange Commission (SEC) on Thursday.

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Sam Bankman-Fried’s ex Caroline Ellison has been sentenced to two years in jail

Photo: BRYAN R. SMITH (Getty Images)
Photo: BRYAN R. SMITH (Getty Images)

Caroline Ellison, the former CEO of Alameda Research and ex-girlfriend of disgraced FTX founder Sam Bankman-Fried (also known as SBF), has been sentenced to 24 months years in prison and must forfeit about $11 billion. Read More

Donald Trump’s ‘policy soup’ could be bad for the economy long-term, strategist says

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Tony Roth, Chief Investment Officer for Wilmington Trust Investment Advisors (MTB), spoke with Quartz for the latest installment of our “Smart Investing” video series. - Andy Mills Read More

Investors should hope for a divided Congress, strategist says

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Tony Roth, CIO of Wilmington Trust Investment Advisors, breaks down the best possible election outcomes for investors

Nvidia stock’s 20% drop is actually a good sign for the market, strategist says. Here’s why

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Tony Roth, CIO of Wilmington Trust Investment Advisors, breaks down why he thinks the market will avoid a recession in 2025

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