Trump Media Stock Falls for Second Day After Rising 24% in First Week of Trading [Barron’s]
Shares of Trump Media had been falling 15% on Monday to $52.40. The inventory additionally dropped 6.4% on Thursday.
Trump Eyes High-Profile Wall Street, D.C. Veterans for Treasury Secretary [WSJ]
The April 6 occasion in Palm Seaside, Fla., is being hosted by billionaire hedge-fund supervisor John Paulson and co-chaired by investor Scott Bessent, each of whom have caught Trump’s eye…. Different folks Trump’s allies have mentioned for Treasury secretary embody: Robert Lighthizer, the previous president’s prime commerce adviser; former Trump administration Securities and Alternate Fee Chairman Jay Clayton; and JPMorgan Chase Chief Government Jamie Dimon….
Dimon—who mentioned in 2019 that “my coronary heart is Democratic, my mind is type of Republican”— praised Trump throughout a cable information interview earlier this 12 months, arguing that his strategy to the economic system, immigration and China had been “type of proper.” The interview caught the eye of Trump’s advisers, the folks mentioned. “IT’s nearly like he appears to be auditioning for Treasury secretary,” one Trump adviser mentioned.
Fed Chair Jerome Powell signals rate cuts aren’t imminent [CNN]
“We don’t have to be in a rush to chop,” he mentioned, including that robust employment information is shopping for the central financial institution extra time to attend till inflation will get nearer to 2%…. “If we cut back charges too quickly, there’s an opportunity that inflation would pop again and we’d have to come back again in and that may be very disruptive (to the economic system),” he mentioned.
Two Sigma Says Co-Founder Rift Yet to Abate as Veteran Exits [Bloomberg]
Co-founders John Overdeck and David Siegel nonetheless disagree on the authorities, duties and compensation for their very own roles in addition to a spread of senior executives, together with chief funding officers, the agency mentioned in an up to date regulatory submitting Friday. Their rift additionally extends to how groups are structured, company governance and oversight issues, and succession planning.
Bridgewater CEO’s Turnaround Hinges on Wooing Restless Clients [Bloomberg]
That meant shrinking the fund, chopping prices, firing longtime veterans, selling different workers and revamping a tradition that — relying on who was describing IT — was both the agency’s nice power or a obtrusive weak spot.
Sam Bankman-Fried: Disgraced ‘crypto king’ says he’s ‘haunted every day’ in first interview since being jailed [Sky News via Yahoo!]
“I am haunted, day by day, by what was misplaced,” he informed ABC Information through emails from the Metropolitan Detention Centre in Brooklyn.
“IT‘s most of what I take into consideration every day,” he added…. “I would give something to have the ability to assist restore even a part of the injury. I am doing what I can from jail, however IT‘s deeply irritating not to have the ability to do extra.”