Thomas Fuller | SOPA Images | Lightrocket | Getty ImagesTrump Media’s stock tumbled on Wednesday after the company disclosed in a securities filing the possibility of significant stock sales, including by insider shareholders such as the president’s trust.The parent company of Truth Social said in a filing dated April 1 that the company could soon sell roughly 8.4 million shares of common stock related to existing warrants issued during the IPO. And the company said insiders and major stakeholders could also sell up to about 134 million shares “from time to time.”That includes the more than 114 million shares held…
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Nintendo Switch 2Courtesy: NintendoNintendo revealed the details of the Switch 2, its next game console, in a launch video on Wednesday.The Switch 2 will hit store shelves on June 5. Nintendo will launch game titles including “Mario Kart World” and “Street Fighter 6” alongside the new hardware, but didn’t reveal a price for the system on Wednesday.The new device is a bigger and faster version of the Nintendo Switch, which has sold 150 million units since it was released in 2017, making it the third-best selling game console of all time. Gamers will be able to use the Switch 2…
The top of the 2025 WNBA Draft experienced a major shakeup when Olivia Miles entered the transfer portal. Miles was projected to be the No. 2 pick in April’s draft and likely fall no lower than third overall, but instead she has elected to extend her college career, just not at Notre Dame.Even though the era of the pandemic bonus year has essentially ended in college basketball as eligible players had to be on rosters during the 2020-21 season, which was when the current crop of fourth-year seniors was in high school, eligibility decisions are still at play for WNBA…
New York City Mayor Eric Adams leaves the United States District Court for the Southern District of New York, U.S., February 19, 2025. Brendan Mcdermid | ReutersA federal judge on Wednesday dismissed the criminal corruption case against New York City Mayor Eric Adams, nearly two months after the Trump administration controversially sought to drop the case.The case was dismissed “with prejudice,” which means the Department of Justice is permanently barred from resurrecting the five-count indictment against Adams based on the same evidence used in the case in U.S. District Court in Manhattan.The DOJ originally asked District Court Judge Dale Ho to…
The outlook is rosy for shares of Charles Schwab , according to Citi. Analyst Christopher Allen upgraded the financial services stock to a buy rating from hold. The analyst’s price target of $102, up from $85, represents a potential upside of around 31%. Shares of Schwab have gained 5% this year, bringing their total 12-month rally to nearly 9%. SCHW 1Y mountain SCHW 1Y chart As a catalyst, Allen pointed to Schwab’s acquisition of TD Ameritrade. While this deal closed in late 2020, the analyst believes that Schwab has only recently finally completed its integration of Ameritrade’s previous clients. “We…
People look at Rivian electric trucks at the auto maker’s newly opened storefront in the Meatpacking District of Manhattan on June 23, 2023 in New York City.Spencer Platt | Getty ImagesRivian reported a 36% decline in first-quarter deliveries on Wednesday, as the electric-vehicle maker grapples with weak demand, sending its shares down more than 2% at the open.The company delivered 8,640 vehicles in the quarter ended March 31, down from 13,588 a year earlier. The deliveries, however, exceeded analysts’ average estimate of 8,200, according to Visible Alpha.The company’s chief financial officer, Claire McDonough, had said in February vehicle deliveries would…
General view of a Tesla Store in Paramus, New Jersey, on March 20, 2025.Kena Betancur | Getty ImagesTesla reported 336,000 vehicle deliveries in the first quarter of 2025, a 13% decline from a year ago, two days after the electric vehicle company’s stock wrapped up its worst quarter since 2022.Here are the key numbers:Total deliveries Q1 2025: 336,681Total production Q1 2025: 362,615Investors were expecting Tesla to report deliveries of between 360,000 and 370,000 vehicles, according to StreetAccount. Tesla’s investor relations team sends a company-compiled consensus to select analysts, and said the average estimate was for around 377,590 deliveries. Prediction market company…
Three years ago, Brandon Halverson had all but given up on his hockey dream.He was delivering UberEats and groceries and working on a farm. He sold his truck. He borrowed money from his parents. Whatever it took to scrape out enough money for rent.Two weeks ago, he stepped into the net with the Tampa Bay Lightning for the first time as an NHL starter — nearly 11 years after being drafted as a highly touted prospect, and more than seven years after his only other appearance in the league.From toiling away with a last-place team in Germany’s second division, a…
When the verdict from a Paris criminal court flashed across screens in Hénin-Beaumont, many customers in the Café de la Paix received it with the outrage and disappointment Marine Le Pen predicted.The far-right political leader was found guilty of embezzlement, sentenced to four years in prison — two years suspended, two in a form of house arrest — and fined more than $100,000.But most stinging was the decision barring her from running for public office for five years, rendering her ineligible to run in France’s 2027 presidential election.For people here, Ms. Le Pen is not just the leader of the…
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