Latest news with #financialfreedom
Globe and Mail
14 hours ago
- Business
- Globe and Mail
Why Trump Media Stock Crashed This Week
Shares of Trump Media & Technology Group (NASDAQ: DJT) are falling this week. The company's stock had plummeted 16.7% at 2:16 p.m. ET. The fall comes as the S&P 500 index has risen 1.4% and the Nasdaq-100 index has risen 1.1%. Trump Media announced on Tuesday that it is pursuing a new strategy of Bitcoin accumulation. The company is raising $2.5 billion in a private deal to create what will be the largest Bitcoin reserve held by a private company. Strategy's strategy Following in the footsteps of Michael Saylor's Strategy, Trump Media is betting a massive reserve of Bitcoin will drive future value. The company announced it is raising $2.5 billion through a private placement in exchange for $1.5 billion in common stock and $1 billion in convertible notes. The proceeds will go to purchasing Bitcoin, which the company will then hold as a core Treasury asset. Custodial services will be provided by Anchorage Digital and The announcement was made as the Bitcoin 2025 Conference kicked off in Las Vegas. CEO Devin Nunes pitched the move not just as a way to drive value, but as a political one, saying that holding Bitcoin is a hedge against "financial discrimination" and calling it "the apex instrument of financial freedom." Skepticism is warranted Trump Media has a market cap of nearly $5 billion, despite sales last quarter of just $820,200. It is operating deep in the red with no clear path to profitability or sales growth. This stock is built almost entirely on hype, in my opinion, and investors would do well to stay away. Trump Media wasn't a good investment before today's announcement, and it is not one now, as the deal will likely dilute existing shareholders' portfolios. Should you invest $1,000 in Trump Media & Technology Group right now? Before you buy stock in Trump Media & Technology Group, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Trump Media & Technology Group wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $638,985!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $853,108!* Now, it's worth noting Stock Advisor 's total average return is978% — a market-crushing outperformance compared to171%for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of May 19, 2025
CBS News
15 hours ago
- Business
- CBS News
Credit card debt, interest rates and what borrowers should do right now
We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. Paying off your high-rate credit card debt should remain a priority, even in today's unique economic atmosphere. unknown/Getty Images The news released this May that credit card debt balances were declining appeared to be positive on the surface. Certainly, a decline in what borrowers owe is preferable to a spike. But upon closer examination, this seemingly good news wasn't exactly what it appeared to be. For starters, credit card balances in the United States in the first quarter of 2025 remained very high, at a total of $1.18 trillion. While that was down $29 billion from the previous quarter, it still represented a 6% rise from the same period in 2024. And with the average credit card debt hovering close to $8,000 currently, there's likely a lot of work left for borrowers to complete to regain their financial freedom. And that work shouldn't be put off any further, particularly in today's unique economic atmosphere. Fortunately, there are multiple debt relief options available that are worth exploring, some of which borrowers may want to get started with as soon as this June. Below, we'll detail why they should act quickly – and how they may want to do so. Start by checking your credit card debt relief eligibility requirements here. Credit card debt, interest rates and what borrowers should do right now Not sure if it's worth taking aggressive action to reduce your credit card debt? Here are three items to consider to help you determine your next steps: Your current credit card debt amount Sure, you may owe less than that $8,000 average amount … or you may owe more. Either way, if you can't pay off what you owe in its entirety, then it may make sense to pursue some form of debt relief. And that doesn't have to mean utilizing the services of a debt relief provider, as options like balance transfer credit cards and debt consolidation loans may be able to be secured on your own, and dramatically reduce your interest rates in the interim, providing a clearer path toward total debt payoff. Just don't sit idle, no matter which option you prefer, as credit card interest compounds daily, turning even a manageable debt load prohibitive. Explore your alternative debt relief solutions online now. The broader interest rate climate If your plan is to wait for the broader interest rate climate to cool and, for that cooling to significantly reduce your currently high credit card interest rates, then you may be waiting for a very long time. Right now, there's almost no chance of a fed rate cut for when the central bank meets again in June (the CME Group's FedWatch tool has a rate pause there listed at nearly a 100% certainty). Rate cuts could become more realistic in July, but even then, by just 25 basis points, which will have little to no impact on your credit card rates (which are influenced by multiple factors besides just the Fed). Being realistic about this interest rate climate, then, and its likelihood to change in a helpful way soon, can better help you move to the next step this June: finding the right debt relief option for your particular situation. Your debt relief alternatives Did you know that you could qualify to have 30% to 50% of your credit card debt forgiven? If you meet certain qualifications, this is certainly possible. But it's not the only way to get rid of your credit card debt with aforementioned items like balance transfer credit cards, debt consolidation loans possible too, along with credit counseling, debt management programs and more all playing critical roles for borrowers in need of a debt solution now. You won't know which is applicable to your unique situation, however, until you've taken the time to explore and research all of them. Consider doing so now, then, and make this June the first stop on your journey toward full financial freedom. The bottom line The economic climate credit card users find themselves in this June isn't exactly a favorable one. With credit card balances high, interest rates elevated and the prospect of relief for either dim, it makes sense to be proactive with an appropriate debt relief approach. By understanding the dynamics of today's economy and being realistic about these developments, borrowers can feel more comfortable exploring their debt relief options and, from there, choosing one (or multiple) that can help them reduce what they owe once and for all.
Daily Mail
2 days ago
- Business
- Daily Mail
Meghan Markle reveals 'guilt mentality' about being rich and fear about 'never having enough' money
Meghan Markle has claimed she was taught to feel guilty about being rich as she discussed fears about 'never having enough' money. The Duchess of Sussex made the admission speaking to the billionaire founder of the Spanx fashion brand, Sara Blakely. Speaking on the final episode of Meghan's Confessions of a Female Founder podcast, Ms Blakely spoke of the joy of female entrepreneurs 'obtaining a lot of financial freedom and money for themselves'. Meghan admitted she would 'love to adopt' her mindset but claimed that women often felt discouraged from building their own fortunes. 'So many women, especially, we're taught to not even talk about money and there's lots of guilt mentality surrounding having a lot', Meghan said. 'And at the same time there's a scarcity mindset that it's easy to attach to, of like "I'll never have enough".' Talking about her own businesses, which include her As Ever brand, she said: 'When you only have yourself to answer to I think it's twofold. It can be incredibly liberating or it can be incredibly lonely.' She added: 'There's a misconception that you need to go to Harvard Business School and have a lot of money and get all the best people behind you [to be successful in business]... So you talk yourself out of it'. The Duchess of Sussex, 43, was speaking about her business and balancing work with motherhood as the first series of her podcast, published by Lemonada Media, comes to a close The Duchess of Sussex, 43, was speaking about her business and balancing work with motherhood as the first series of her podcast, published by Lemonada Media, ended. After her As Ever jam, flower sprinkles, tea and other products sold out, Meghan said she wants to 'step back, gather data from the launch, and figure out exactly what As Ever could be.' Meghan said for now she is planning to launch a new range of merchandise in early 2026 - and may widen her brand into clothing. 'The category of fashion is something I will explore at a later date, because I do think that's an interesting space for me,' she said. Her online store sold out in 45 minutes and contained homely items as well as her long-awaited pots of jam. In the interview, the Duchess also revealed she wouldn't know 'what to call herself' if she had to write a CV. She said: 'If I had to write a résumé, I don't know what I would call myself. 'I think it speaks to this chapter many of us find ourselves in, where none of us are one note. But I believe all the notes I am playing are part of the same song.' Meghan added that the 'mom moments' push her to success in the business world, with plans in the future ranging from home goods to fashion. Revealing her son Archie has begun to lose his teeth, she described becoming the tooth fairy and leaving coins and a little dinosaur underneath his pillow. She said: 'I had a lot of business meetings the next morning, but I still chose to cuddle with him the rest of the night. Those mom moments energize me to be a better founder, a better employer, a better boss.' She revealed she may not restock the previous As Ever goods she sold and instead come up with new products such as fashion Speaking to the Duchess of Sussex on the podcast, the pair shared stories of wearing shoes that pinch and 'cripple' wearers, with Meghan describing how she particularly struggled during her pregnancies. 'I gained 65 pounds with both pregnancies,' the Duchess revealed, continuing: 'And you're in these five-inch pointy-toed stilettos. 'You have the most enormous bump, and your tiny little ankles are bracing themselves in these high heels, but all of my weight was in the front, so you're just going how on earth am I not just tipping, you know faceplanting. 'I was clinging very closely to my husband, I was like please don't let me fall.' During the conversation with Ms Blakely, Meghan also revealed that Archie, six, and Lilibet, three, who have been mainly kept out of the public eye at their home in Montecito, California, are doing well. She promised to send Sara family pictures, adding: 'They are so grown.' The pair also discussed starting businesses in a male dominated world, with Ms Blakely stating: 'There were very few women that I could go to, I really didn't have any. 'I didn't really even have other female founders that were in my network that I could bounce my approach to business.' Describing her time in boardrooms surrounded by men, she jokingly added: 'I'm like Jane Goodall but instead of observing chimpanzees in their natural habitat I get to observe men in their natural habitat. They totally forget I'm there.'
Finextra
3 days ago
- Business
- Finextra
Trump Media raises $2.5bn to buy bitcoin
Donald Trump's media company says it is raising $2.5 billion from institutional investors to build a bitcoin reserve. 0 Shares in Trump Media and Technology Group fell around 10% on the news. The deal with around 50 investors includes $1.5 billion in common stock and $1 billion in convertible notes, the proceeds of which will be used to create a bitcoin treasury. and Anchorage Digital will provide custody for Trump Media's Bitcoin treasury. Devin Nunes, CEO, Trump Media, says: "We view Bitcoin as an apex instrument of financial freedom, and now Trump Media will hold cryptocurrency as a crucial part of our assets. "Our first acquisition of a crown jewel asset, this investment will help defend our Company against harassment and discrimination by financial institutions, which plague many Americans and US firms, and will create synergies for subscription payments, a utility token, and other planned transactions across Truth Social and Truth+." Trump's embrace of crypto has helped bitcoin's valuation push the $100,000 mark recently. The president has outlined plans for the government to build a 'Strategic Bitcoin Reserve' and a separate 'US Digital Asset Stockpile'. Last week, 220 investors in his $Trump memecoin were invited to a dinner with the President at a luxury golf club in northern Virginia.
Associated Press
3 days ago
- Business
- Associated Press
A Special Mother's Day Interview on How Women Can Build Wealth
Can Women Really Have It All? Liz Faircloth Says Yes BOCA RATON, FL, UNITED STATES, May 28, 2025 / / -- the largest distressed property listing provider on the web, is sponsoring a series of video interviews with local area real estate experts across the country to discuss their housing markets and where opportunities lie in the foreclosure, pre-foreclosure, short sales, tax liens, bankruptcy homes and, other distressed asset types. Tim Jones, National Sales Manager for conducts in-depth conversations aimed at educating home buyers, investors, and resale specialists about market conditions in their specific areas. Tim speaks with Liz Faircloth, co-founder of to explore one of the most pressing questions for women today: Can you build financial freedom without sacrificing family life? This video is called 'How Women Can Build Wealth' and can be viewed on the website. The link to watch the video is here: By targeting distressed deals such as bank-owned homes and government foreclosures, pre foreclosure listings, and foreclosure auctions, offers information that can lead to significant savings. It provides the best real estate deals for savvy home buyers, often before they hit the market. And updates its nationwide database of foreclosure listings twice a day with information obtained directly from hundreds of corporate sellers and government agencies. While on the website, visitors can also subscribe to their helpful email alerts. Home buyers looking for unique opportunities in their local residential real estate market can benefit from a helpful series of videos available athttps:// and podcasts athttps:// PR Admin Blusea Holdings LLC +1 800-535-6945 email us here Visit us on social media: LinkedIn Instagram Facebook YouTube X Legal Disclaimer: EIN Presswire provides this news content 'as is' without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
