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BusinessAssociated Press FinanceTrump awarded 36 million more Trump Media shares worth $1.8 billion after hitting price benchmarks
Former President Donald Trump has secured an additional $1.8 billion worth of shares in Trump Media, according to a regulatory filing this week. Based on the company's stock hitting certain price benchmarks, Trump was awarded an additional 36 million shares in the company that owns his social media platform Truth Social. Trump, the presumptive Republican presidential nominee, now owns close to two-thirds of the company's outstanding shares.
BusinessReutersUS federal prosecutors are examining Block transactions, NBC News reports
US Federal prosecutors are examining financial transactions at Block, NBC News reported on Wednesday, citing two people with direct knowledge of the matter.
- BusinessReuters
TREASURIES-Treasury yields steady ahead of FOMC announcement
U.S. Treasury yields dipped on Wednesday, after a report showing the labor market remained tight last month, hours before a Federal Reserve decision on whether the economy is too strong, and inflation too sticky, to pivot to an easier rate policy soon. According to the ADP Employment report, private payrolls increased by 192,000 after rising by an upwardly revised 208,000 in March. But rates were overall hardly moving, nosing off again after the U.S. Treasury Department announced a total refunding of $125 billion for the May to July quarter that would raise new cash of $17.2 billion.
