Trump, Tariffs and Stock Market
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Shares of conservative media outlet Newsmax (NYSE: NMAX) traded with extreme volatility today.
From USA TODAY
World stock markets and oil prices tumbled and investors dashed to the relative safety of bonds, gold and the yen on Thursday, as President Donald Trump’s drastic U.S. trade tariffs stirred widesprea...
From Reuters
Donald Trump’s tariff offensive convulsed global markets on Thursday, with sectors from banking to tech left reeling from the US president’s bid to remake the global economic order.
From The Financial Times
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3 Reasons to Be Cautious About Newsmax Stock
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Shares of the conservative news network rocketed over 700% the day it went public, rising from its $10 IPO price to over $80 per share.
From The Motley Fool
Despite its lofty valuation, Newsmax has struggled to turn a profit during the run-up to its stock market debut.
From The New York Times
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Even after crashing down to earth Wednesday, Newsmax is still valued at an extreme premium compared to Fox and the New York Times.
Long a conservative media also-ran, Newsmax’s stock price has risen and fallen dramatically throughout the week.
The prompting for this column was the invitation to be present on the floor of the New York Stock Exchange on Thursday as Newsmax, the conservative cable TV network created by longtime journalist Christopher Ruddy,
Newsmax's shares closed with a more-than-eight-fold gain at $83.51 on Monday, partly buoyed by retail interest.
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Newsmax's share price soared when it started trading Monday on the New York Stock Exchange under the ticker "NMAX."
Newsmax shares plunged Wednesday in the third day of trading for the media company after a wild response to its Monday IPO.
Conservative cable news channel Newsmax is getting a Trump bump on Wall Street. The Boca Raton, Florida, outlet's stock price surged after its initial public offering Monday. Shares offered at $10 closed at $233 a share Tuesday afternoon,
Conservative new channel Newsmax's stock surged again on Tuesday after skyrocketing Monday in its first day of trading.