Trump Media investors charged in $22m insider trading case
Three investors in the special purpose acquisition company (SPAC) that took Trump Media public have been indicted for insider trading concerning the deal, making $22m in illegal trades. Michael Shvartsman, Gerald Shvartsman and Bruce Garelick were named in a federal indictment unsealed on Thursday (29 June) in Manhattan federal court. All three were charged with trading in securities of Digital World Acquisition Corporation (DWAC) based on non-public information about the company’s planned business combination with Trump Media & Technology Group — founded by former President Donald Trump — the parent company of social media platform Truth Social. All three were arrested this morning in Florida. More follows… Read More 3 charged in insider trading case related to taking ex-President Donald Trump's media company public White House reveals Biden uses CPAP machine for sleep apnea Jesse Watters confuses Ukraine and Iraq in attempt to mock Biden
2023-06-29 23:29
Read the Supreme Court’s Decision on Affirmative Action
The US Supreme Court sharply limited the use of race as a factor in university admissions. The decision
2023-06-29 23:27
Citadel Securities Is Muscling Its Way Into Credit Trading
Ken Griffin’s market-making powerhouse is challenging Wall Street banks on their own turf as it enters the multi-trillion-dollar
2023-06-29 23:22
Prosecutors charge three investors with insider trading in Trump SPAC deal
Federal prosecutors arrested three investors on Thursday on insider trading charges related to a deal to take former President Donald Trump's media business public.
2023-06-29 23:19
Supreme Court Rejects Use of Race in University Admissions
The US Supreme Court effectively barred universities from using race as a factor in university admissions, marking the
2023-06-29 22:53
Italy may have dodged a 'pasta strike' but food inflation is still high. Here's why
Italians were supposed to be on a "pasta strike" this week but it was called off after prices for the national staple started to fall. Zoom out, though, and global food prices are still far higher than a year ago, despite precipitous drops in the cost of key raw materials.
2023-06-29 22:51
Brainard Sees Potential for Near-2% US Inflation by November 2024
President Joe Biden’s chief economic adviser said that inflation numbers should improve through the second half of the
2023-06-29 22:50
Billionaire Gilinski Bids $836 Million for Colombia’s Exito
Jaime Gilinski made an unsolicited $836 million cash offer for Colombian retailer Almacenes Exito just a month after
2023-06-29 22:49
Volkswagen's Audi to replace CEO Duesmann with Gernot Doellner
FRANKFURT Volkswagen's Audi division will replace current CEO Markus Duesmann on Sept. 1, with Volkswagen strategy chief Gernot
2023-06-29 22:26
US Pending-Home Sales Drop to Lowest This Year on Limited Supply
US pending home sales in May fell to the lowest level this year as high mortgage rates and
2023-06-29 22:24
Alkermes beats back board room challenge from Sarissa Capital Management, all directors re-elected - sources
By Svea Herbst-Bayliss NEW YORK Shareholders in Alkermes have re-elected all of the biotechnology company's directors, according to
2023-06-29 22:22
What could break as interest rates rise?
LONDON Markets are on the alert to which sectors will buckle under the sharpest jump in interest rates
2023-06-29 22:18