- Associated Press
Trump Media and Technology Group posts more than $300 million net loss in first public quarter
Trump Media and Technology Group, the owner of former President Donald Trump's social networking site Truth Social, lost more than $300 million last quarter, according to its first earnings report as a publicly traded company. For the three-month period that ended March 31, the company posted a loss of $327.6 million, which it said included $311 million in non-cash expenses related to its merger with a company called Digital World Acquisition Corp., which was essentially a pile of cash looking for a target to merge with. It’s an example of what’s called a special purpose acquisition company, or SPAC, which can give young companies quicker and easier routes to getting their shares trading publicly.
- SNY
Mets' Francisco Lindor 'will continue to climb' through early season struggles
Back in the city where it all began for Francisco Lindor, the Mets' shortstop begins a three-game series against his former team with a hugely disappointing start to the season.
- Yahoo Finance
FDIC boss Martin Gruenberg to step down as new bank rules loom
FDIC Chair Martin Gruenberg said Monday that he is prepared to step down, a shakeup that could have implications for an aggressive campaign to impose tougher regulations on US banks.
