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Trump’s social media posts are going public
Former US President Donald Trump’s media company Trump Media has agreed to merge with an existing shell company, Digital World Acquisition Corp. Trump Media is set to list on the New York Stock Exchange under the symbol DJT, short for Donald J Trump. Trump had earlier said that he intended to list his company on…
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Stores will remain open despite the arts and crafts store filing for bankruptcy
US-based arts and crafts retailer Joann has filed for bankruptcy, citing a reduction in consumer spending due to high inflation and COVID-19 pandemic. The company said it had struck a deal with lenders for a $132 million cash injection to help reduce its debt by $505 million. This will result in the retailer, which is…
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The stock market news includes the S andP 500.
The US stock market saw its biggest single-day drop in nearly three months on Thursday after the government reported that retail sales growth in October was lower than anticipated. The Dow Jones Industrial Average fell 765 points to end the day at 17,939. The broader S&P 500 lost 77 points to end at 2,084, while…