According to the Financial Times overnight report, it quoted people familiar with the matter as saying that Trump-owned social media company Trump-owned Trump is currently planning to raise about $3 billion to invest in multiple cryptocurrencies such as Bitcoin. Although Trump Media Group then responded to Reuters' inquiry, saying the report was "fake news", market investors remained firmly on the news, causing Trump Media and Technology Group's shares to soar more than 10% before the market opened on Tuesday night.
Tuesday (May 27) Focus:Currently, the market only knows that these funds are expected to be launched later this year and will be widely issued in the United States and overseas. As of last month, the Securities and Exchange Commission website did not show any new ETF applications.
Pre-market trading focus:In addition, it was previously reported that last month, Trump Media and Technology Group reached a preliminary cooperation agreement with Crypto.com, as well as New Jersey-based investment consulting and asset management company Yorkville America Digital, but the cooperation content is unknown, but judging from the existing businesses of the two partners, this is likely to be related to the launch of cryptocurrency products and exchange-listed funds (ETFs).
The parent company of the social media platform Truth Social is planning to raise $2 billion through new equity and another $1 billion through the issuance of convertible bonds, the report said. In fact, Trump's media and technology groups have been exploring potential mergers and acquisitions opportunities in the past few months, and are also very serious about entering the financial services field.In April, Trump Media Technology Group pointed out that the group itself had reached a binding agreement to launch a series of retail investment products, including cryptocurrencies, in the future. These plans include exchange-listed funds (ETFs) that are in line with Trump's "America First" policy. However, this action of the group caused scrutiny by government ethics and regulatory agencies at the time.
Apple shares rose 1.81% before trading Tuesday night, and were at $198.81. Last Friday, Trump threatened Apple that he would impose a 25% tariff on iPhones sold in the United States unless the iPhones sold in the United States were made in the United States. This caused Apple's shares to fall 3% last week. But Trump added later that day that he would also impose tariffs on Samsung and other manufacturers selling smartphones to US to ensure fairness. Tariffs may come into effect at the end of June. Boeing shares rose 1.75% before trading Tuesday, at $205.90. According to the Wall Street Journal, the aviation giant reached a preliminary agreement with the U.S. Department of Justice, which is that the company will pay $1.1 billion to avoid prosecution for two crashes on the 737 MAX plane. The two accidents killed 346 people. The deal means Boeing will evade the trial originally scheduled to begin on June 23. US Steel rose 1.33% before trading Tuesday, at $52.70. The stock soared 21% on the day after Trump announced a "planned partnership" with Japan's New Nickel Railway last Friday. Trump said he supports the acquisition of US Steel for $14.1 billion, but US Steel must continue to be based in Pittsburgh. The cooperation will create about 70,000 new jobs in the next 14 months and contribute $14 billion to the U.S. economy. Tuesday, let’s take a look at the latest news from Trump Media & Technology Group. The stock started 10.23% before trading Tuesday, and was reported at $28.35. Pre-market active stocks are in sequence: Nvidia, Trump Media & Technology Group, Tesla, Plug Power and Palantir Technologies. At the time of press time, the stock prices of these five active stocks rose. U.S. President Trump said that at the EU's request, he threatened last Friday (May 23) that the 50% tariff on EU goods would be postponed until July 9. After Trump changed his mind, major stock index futures in the US Wall Street stock market rose sharply on Tuesday (27th). At the time of 7:00, the Standard & Poor 500 futures rose 82.40 points or 1.42% to 5885.20 points; the Nasdaq 100 futures, dominated by technology stocks, started 320.10 points or 1.53%, to 21,235.80 points; the heavyweight Dow Jones Index futures also rose 522.90 points to 42,126.00 points. Trump said last Friday that he would impose 50% tariffs on European goods, reopening a new front for global trade tensions, and also triggered a new round of market uncertainty on the same day, causing U.S. stocks to fall last Friday, writing down the lowest point of the whole week last week. The U.S. Stock Exchange closed on Monday (26th) to commemorate the fallen soldiers (Memorial Day). The Standard & Poole 500 index fell 39.19 points last Friday and closed at 5802.82 points. The Dow Jones Index fell by 256.02 points and closed at 41,603.07 points. The Nasdaq 100 index also fell by 0.93% or 196.82 points, closing at 20915.66 points. The U.S. stock market was trading on Friday, with the total trading volume of the exchange being 17.67 billion shares, which is less than the average trading volume of 17.73 billion shares in the past 20 days. Trump Media & Technology Group (NASDAQ: DJT)