Trump, Bitcoin and Stocks
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Trump Media and Technology Group Corp. (DJT) announced on July 8 that it has filed an S-1 with the Securities and Exchange Commission (SEC) to launch the Truth Social Crypto Blue Chip exchange-traded fund (ETF). This is a developing story.
Donald Trump's Truth Social has filed for a crypto blue chip ETF, which will consist of coins like Bitcoin, Ethereum, Solana, XRP, and Cronos.
The pivot to crypto highlights the reality of Truth Social, one of President Trump’s highest-profile business interests: It doesn’t generate much revenue.
The Dow, S&P 500 and Nasdaq remain volatile as trade deals and tariffs keep investors in limbo. Amazon’s Prime Day met with fierce competition as Walmart, Costco offer their own deals. Oil inches higher.
U.S. and European stock futures dipped in Asia on Friday after President Donald Trump stepped up tariff threats against Europe and Canada, restraining a broad rally in regional share markets. The dollar gained on the euro and the Canadian currency as Trump issued a letter late on Thursday that a 35% tariff rate on all imports from Canada would apply from August 1,
Wall Street ended mixed a day after a broad sell-off in response to the Trump administration setting new tariffs on more than a dozen nations.
The S&P 500 hits another record as President Donald Trump announced a trade deal with Vietnam. Separately, his ‘big beautiful bill’ advanced in the Senate. Microsoft is laying off thousands and ADP’s private payroll report shows job cuts.
Last week, the Trump administration announced that it reached a deal with Vietnam that would allow U.S. goods to enter the country duty-free, while Vietnamese exports to the U.S. would face a 20% levy. That was a decline from the 46% tax on Vietnamese imports he proposed in April.
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Investor's Business Daily on MSNStock Market Today: Dow Loses 422 Points As New Trump Tariffs Span Seven Countries (Live Coverage)IBD 50 stock Atour Lifestyle Holdings ATAT jumped 5.5% and broke out of a newly formed flat base with a 34.23 buy point. Shares are in the buy zone up to 35.94. The China-based hotel stock reached a record high on the stock market today.
Asian shares are mostly higher after stocks fell on Wall Street as the Trump administration stepped up pressure on trading partners to make deals before punishing tariffs imposed by the U.S. take effect.