Shares of Donald Trump's publicly traded company, Trump Media & Technology (DJT.US) are gaining nearly 7% after the company announced a strategy to develop fintech services, in partnership with Charles Schwab (SCHW.US).
- The company intends to invest 250 million of its $700 million cash and custody assets in Charles Schwab. The funds will be invested in ETFs, cryptocurrencies and other assets
- Stocks limit gains to 7% from 15% initial euphoric reaction. Bitcoin failed to stay above $102K; Ethereum is still trading below $3100
- Charles Schwab will advise DJT on further investments and development of the Truth.Fi brand. Charles Schwab shares gain less than 0.5%
Source: xStation5
Daily Summary: CPI down, Markets Up
Procter & Gamble: After Earnings
"Mad Max" mode - Is Tesla in trouble?
Intel’s turnaround is showing results
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
