S&P 500   4,141.76 (-0.08%)
DOW   32,852.82 (+0.15%)
QQQ   320.46 (-0.40%)
AAPL   165.05 (-0.18%)
MSFT   280.24 (-0.94%)
META   170.80 (+2.21%)
GOOGL   117.33 (-0.12%)
AMZN   139.33 (-1.04%)
TSLA   870.33 (+0.67%)
NVDA   178.21 (-6.15%)
NIO   20.22 (+0.00%)
BABA   90.70 (-2.01%)
AMD   100.27 (-1.99%)
MU   61.39 (-1.71%)
T   18.07 (-1.53%)
CGC   3.23 (+19.63%)
GE   75.31 (+1.28%)
F   15.84 (+3.53%)
DIS   109.23 (+2.44%)
AMC   23.66 (+6.67%)
PYPL   96.32 (+1.05%)
PFE   49.51 (+0.49%)
NFLX   233.60 (+3.01%)
S&P 500   4,141.76 (-0.08%)
DOW   32,852.82 (+0.15%)
QQQ   320.46 (-0.40%)
AAPL   165.05 (-0.18%)
MSFT   280.24 (-0.94%)
META   170.80 (+2.21%)
GOOGL   117.33 (-0.12%)
AMZN   139.33 (-1.04%)
TSLA   870.33 (+0.67%)
NVDA   178.21 (-6.15%)
NIO   20.22 (+0.00%)
BABA   90.70 (-2.01%)
AMD   100.27 (-1.99%)
MU   61.39 (-1.71%)
T   18.07 (-1.53%)
CGC   3.23 (+19.63%)
GE   75.31 (+1.28%)
F   15.84 (+3.53%)
DIS   109.23 (+2.44%)
AMC   23.66 (+6.67%)
PYPL   96.32 (+1.05%)
PFE   49.51 (+0.49%)
NFLX   233.60 (+3.01%)
S&P 500   4,141.76 (-0.08%)
DOW   32,852.82 (+0.15%)
QQQ   320.46 (-0.40%)
AAPL   165.05 (-0.18%)
MSFT   280.24 (-0.94%)
META   170.80 (+2.21%)
GOOGL   117.33 (-0.12%)
AMZN   139.33 (-1.04%)
TSLA   870.33 (+0.67%)
NVDA   178.21 (-6.15%)
NIO   20.22 (+0.00%)
BABA   90.70 (-2.01%)
AMD   100.27 (-1.99%)
MU   61.39 (-1.71%)
T   18.07 (-1.53%)
CGC   3.23 (+19.63%)
GE   75.31 (+1.28%)
F   15.84 (+3.53%)
DIS   109.23 (+2.44%)
AMC   23.66 (+6.67%)
PYPL   96.32 (+1.05%)
PFE   49.51 (+0.49%)
NFLX   233.60 (+3.01%)
S&P 500   4,141.76 (-0.08%)
DOW   32,852.82 (+0.15%)
QQQ   320.46 (-0.40%)
AAPL   165.05 (-0.18%)
MSFT   280.24 (-0.94%)
META   170.80 (+2.21%)
GOOGL   117.33 (-0.12%)
AMZN   139.33 (-1.04%)
TSLA   870.33 (+0.67%)
NVDA   178.21 (-6.15%)
NIO   20.22 (+0.00%)
BABA   90.70 (-2.01%)
AMD   100.27 (-1.99%)
MU   61.39 (-1.71%)
T   18.07 (-1.53%)
CGC   3.23 (+19.63%)
GE   75.31 (+1.28%)
F   15.84 (+3.53%)
DIS   109.23 (+2.44%)
AMC   23.66 (+6.67%)
PYPL   96.32 (+1.05%)
PFE   49.51 (+0.49%)
NFLX   233.60 (+3.01%)

Trump social media firm subpoened by feds, stock regulators


In this July 24, 2021, file photo former President Donald Trump speaks to supporters at a gathering in Phoenix. The company planning to buy Donald Trump’s new social media business disclosed Monday, June 27, 2022 that it has received subpoenas from a grand jury in New York. Shares of Digital World Acquisition Corp. dropped 7% in morning trading Monday as the company reported that the subpoenas and related investigations by the Department of Justice and the Securities and Exchange Commission could delay its acquisition of the maker of Trump’s Truth Social app. (AP Photo/Ross D. Franklin, File)

NEW YORK (AP) — Donald Trump's social media company and some of its employees received subpoenas from both a federal grand jury and securities regulators, according to a public disclosure Friday, possibly delaying or even killing a deal promising a cash infusion needed to take on Twitter.

Trump Media & Technology Group received subpoenas from a grand jury in New York and the Securities and Exchange Commission, according to a securities document filed by Digital World Acquisition Corp. on Friday. Digital World has plans to buy Trump Media, releasing $1.3 billion for its fledging business, but the deal is unlikely to be done during two legal probes.

Trump, who is Trump Media's chairman, was not among the employees who received subpoenas, according to a Trump Media statement.

On Monday, Digital World announced it had received subpoenas from the same grand jury convened by the Manhattan U.S. Attorney's Office. Digital World has been under investigation by the SEC for possible violations for months, a development that has weighed on the stock.

Digital World stock closed Friday at $5.78, down 25% in a week. It had been at over $100 last year after the company announced it had a deal to buy the former president's social media firm.

The SEC has been looking into whether Digital World broke rules by having substantial talks about buying Trump’s company starting early last year before Digital World sold stock to the public for the first time in September. Just weeks later it announced it would be buying Trump’s company.

Digital World is one of a once-popular group of “blank-check” companies that go public as empty corporate entities with no operations, only offering investors the promise they will buy a business in the future. As such, they are allowed to sell stock to the public quickly without the usual regulatory disclosures and delays, but only if they haven’t already lined up possible acquisition targets.


Trump’s social media offering, called Truth Social, launched in February. It said it is fighting Big Tech limits on speech. Trump was banned from Twitter, Facebook and YouTube last year after the Jan. 6 Capitol riot.

Trump Media last year lined up dozens of investors to pump $1 billion into the company, but can’t get the cash until the Digital World acquisition is completed. An additional $300 million would come from Digital World itself.

7 Commodities ETFs to Help Build a Hedge Against Inflation

Commodities are a broad category that covers agricultural products like wheat, corn, and soybeans. It also includes oil and derivative products such as gasoline, natural gas, and diesel fuel.

However, investing in commodities also covers precious metals such as gold and silver as well as base metals like copper and aluminum. And more recently, this sector includes items like lithium that will be needed in many of the emerging sectors of our economy.

Commodities trading is frequently done by trading contracts on the futures market. And it's not for faint-of-heart investors. Prices are volatile and can change quickly due to macroeconomic events.

However, at certain times, particularly in times of high inflation, commodities outperform the broader market. A practical alternative for individual investors looking to profit from commodities is to invest in exchange-traded funds (ETFs). These funds give investors exposure to this sector while reducing the risk that comes from investing in any single commodity.

Here are seven ETFs that you can buy to help build a hedge against inflation.

View the "7 Commodities ETFs to Help Build a Hedge Against Inflation".

Free Email Newsletter

Complete the form below to receive the latest headlines and analysts' recommendations for your stocks with our free daily email newsletter:

Most Read This Week

Recent Articles

Search Headlines:

Latest PodcastFind Investing Opportunities For The Rest of 2022

Today, Kate’s guest is Rhys Williams, chief investment officer for the Opportunistic All Cap Equity, a long-short strategy at Spouting Rock Asset Management.

MarketBeat Resources

Premium Research Tools

MarketBeat All Access subscribers can access stock screeners, the Idea Engine, data export tools, research reports, and other premium tools.

Discover All Access

Market Data and Calendars

Looking for new stock ideas? Want to see which stocks are moving? View our full suite of financial calendars and market data tables, all for free.

View Market Data

Investing Education and Resources

Receive a free world-class investing education from MarketBeat. Learn about financial terms, types of investments, trading strategies and more.

Financial Terms
Details Here
MarketBeat - Stock Market News and Research Tools logo

MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more about MarketBeat.

MarketBeat is accredited by the Better Business Bureau MarketBeat is rated as Great on TrustPilot

© American Consumer News, LLC dba MarketBeat® 2010-2022. All rights reserved.
326 E 8th St #105, Sioux Falls, SD 57103 | contact@marketbeat.com | (844) 978-6257
MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security.

Our Accessibility Statement | Terms of Service | Privacy Policy | Do Not Sell My Information | RSS Feeds

© 2022 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart's disclaimer.