Trump Media stock mysteriously plunges
CNN
Former President Donald Trump’s social media company just suffered a sudden nosedive in the stock market that briefly halted trading and left traders scratching their heads.
Former President Donald Trump’s social media company suffered a sudden nosedive in the stock market Tuesday that briefly halted trading and left traders scratching their heads. Truth Social owner Trump Media & Technology Group was trading sharply higher during a volatile session at about $31 per share when it swiftly collapsed below $29 shortly after 2:40 p.m. ET on heavy trading volume. Nasdaq paused trading for Trump Media at 2:42 p.m. ET for five minutes, a routine cooling-off period that exchanges are required to impose during times of heavy volatility. When trading resumed, Trump Media initially bounced back before plunging below $27. The owner of social media platform Truth Social ended the day down 10%, and 20% below its high of the day. There did not appear to be any new developments or announcements that would explain the sudden plunge. But Trump Media is a notoriously volatile stock.
The average 30-year fixed mortgage rate was 6.06% for the week ending January 15, according to Freddie Mac. The last time home borrowing rates were this low was September 2022.
Inside The Washington Post, the impact was immediate. Reporters called the search “incredibly disturbing” and unprecedented. Natanson met with Post lawyers and security experts, scrambled to line up her own outside legal counsel, and urged her colleagues to keep reporting.
Federal immigration agents have been circling El Burrito Mercado, a prominent Mexican supermarket and restaurant in St. Paul, Minnesota, for the last week.
The United States is considering whether to strike Iran as turmoil intensifies for the country’s authoritarian regime.
The US has completed its first sale of Venezuelan oil since the US attached Venezuela and captured its president, Nicolás Maduro, earlier this month, according to an administration official.
President Donald Trump enacted a new 25% tariff on “certain advanced computing chips” on Wednesday, according to a White House fact sheet. That includes Nvidia’s H200 chip and AMD’s MI325X. However, chips imported to support building up the US technological supply chain would be exempt.
Verizon said some of its wireless services were down Wednesday, leaving many customers without access to voice and data services.
YouTube will now let parents limit the amount of time their teens can spend scrolling through its short-form video feature, Shorts, or block them all together.
Last month, Washington Post reporter Hannah Natanson penned a first-person piece about her long year as “the federal government whisperer,” receiving tips from hundreds of federal workers. On Wednesday, the FBI searched her home, a source familiar with the situation told CNN.
Price hikes picked up speed for US-based businesses toward the end of last year, a potential signal that inflation has yet to peak and prices could soon rise faster for consumers.
Trump is threatening to take “strong action” against Iran just after capturing the leader of Venezuela. His administration is criminally investigating the chair of the Federal Reserve and is taking a scorched-earth approach on affordability by threatening key profit drivers for banks and institutional investors.
Perhaps no data point better encapsulates the American economy right now than this nugget from Delta’s quarterly earnings:
China recorded the world’s biggest ever trade surplus in 2025, as well as a 20% jump from 2024, capping off a year in which the world’s largest manufacturer defied US trade pressure by ramping up exports to other global markets.