Trump Media Is Coming for Brokerage Accounts With ETF Push
The Trump brand has been used to hawk cryptocurrencies, Bibles, steaks and guitars. Now the US president's media company is laying the groundwork to sell investment funds.
Trump Media & Technology Group Corp., which is majority owned by Donald Trump, plans to sell offerings tied to his agenda. The parent of the Truth Social platform, where the president is also a prominent poster, has announced plans for and trademarked the names of a group of financial products under the Truth.Fi banner—investments that will potentially benefit from the president's policies with bets on energy, crypto and domestic manufacturing. The proposed products include exchange-traded funds, or portfolios that trade like stocks that can be purchased through most brokers.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
CBS News
3 minutes ago
- CBS News
Detroit community activists step in to help those impacted by Job Corps closure
Hundreds of young people in the Detroit Job Corps received a message on Thursday, May 29, that the program would be closed on June 30. On Friday, they were then told they actually only had until 2 p.m. to pack up and get out, leaving many stunned and concerned for what's next. "They were in tears, they were crushed," said Terrance Willis, chairman at 12th Street Community Development Corporation. "This is heartbreaking, this is inhumane," said Detroit community activist, Pastor Mo. The federal government announced an immediate operational pause of the Job Corps program late last week, shocking hundreds of young adults. "They thought they were on a positive track, and then all of a sudden, they don't know what the next day is going to hold, so yeah, it's devastating," said Willis. Job Corps helps at-risk youth ages 16 to 24 improve their lives through vocational and academic training while also providing free education, housing, meals, and healthcare. Without this program, many would not have a career path or shelter. Pastor Mo spoke about one young man and his struggling homeless mother. "Put her son in Job Corps to get him out of her car, but when it shut down, it put the son back in the car, and his roommate, that didn't have anybody, she's taking him in, and we're trying to find her housing right now," he said. The story is one of many in the Detroit area. But the federal government says it made these cuts after an internal review of the program's outcomes. "A startling number of serious incident reports and our in-depth fiscal analysis reveal the program is no longer achieving the intended outcomes that students deserve," said Secretary of Labor Lori Chavez-DeRemer. Pastor Mo says while he understands the program may need some improvements, he rejects the government's message and sudden closure of the Job Corps. "They're judging the corps by some statistics and some numbers. Sometimes, numbers don't tell the whole story," he said. He says that he, along with multiple others in Detroit, has been paying out of pocket to help some of those affected live in hotels while they find more permanent housing and careers.
News24
13 minutes ago
- News24
Bidders line up for bankrupt Daybreak, as suppliers cry for help
Be among those who shape the future with knowledge. Uncover exclusive stories that captivate your mind and heart with our FREE 14-day subscription trial. Dive into a world of inspiration, learning, and empowerment. You can only trial once. Start your FREE trial now
Yahoo
14 minutes ago
- Yahoo
Countries given Wednesday deadline for their ‘best offers' to avoid tariffs: report
The Trump administration has reportedly asked other countries to present their best offer for a new trade deal by Wednesday as it races to meet its own self-imposed negotiating deadline. When Donald Trump unveiled his steep "Liberation Day" tariffs in early April, it set off deep alarm throughout the world and roiled the markets. One week later the White House was forced into a U-turn, pausing the heaviest tariffs for 90 days while it worked to secure more favorable trade deals. But now, with only five weeks to go until the deadline — and Trump himself furious over Wall Street's wisecracks about him "always chickening out" — it seems that U.S. negotiators are eager to get to yes. According to Reuters, a draft letter from the United States Trade Representative asks negotiating partners to list their best proposals in various key areas by Wednesday June 4. Specifically, it reportedly asks for any proposals about tariffs, plans to remedy non-tariff trade barriers, commitments on digital trade, and quotas to buy U.S. goods. Officials will evaluate these proposals within days, the letter says, and then offer a "possible landing zone" for a deal. It further warns negotiating partners against holding out for a court to strike down Trump's tariffs, declaring that he "intends to continue this tariff program" by whatever legal means available. A spokesperson for the Trade Representative told Reuters: "Productive negotiations with many key trading partners continue at a rapid pace. It is in all parties' interest to take stock of progress and assess any next steps." The Independent has asked the Office of the Trade Representative for comment. Trump's original slate of tariffs was both radical and seemingly arbitrary, in some cases slapping stiff taxes on tiny islands that are uninhabited by human beings and export no goods. The rationale for these duties was also murky, with Trump aides sometimes claiming they were a permanent measure to reshape the global economy and sometimes insisting they were simply a negotiating tactic. Since then, officials have made conflicting claims about how those negotiations are proceeding. National Economic Council director Kevin Hassett said last month that he'd been briefed on 24 deals that were "close to being resolved", while Trump himself told TIME that he'd "made 200 deals" — even though there are only about 195 countries in the entire world. All of which puts Trump in a difficult spot. If he reimposes the same tariffs, markets could be once again plunged into chaos — including bond markets, which influence how much it costs the U.S. government itself to borrow money. Yet if he extends the deadline once again, it could vindicate a Wall Street slogan that has sorely infuriated Trump: "TACO", which stands for "Trump Always Chickens Out".
