Trump’s Truth Social merger with SPAC faces collapse

Trump's Truth Social merger with SPAC faces collapse

A deal for Truth Social to merge with a Special Purpose Acquisition Company faces collapse unless shareholders in the blank-check vehicle vote on Tuesday to extend the agreement, The Post has learned. Patrick Orlando, the CEO of Digital World Acquisition, needs 65% of shareholders in his SPAC to agree to the extension, he said Thursday … Read more

Dividend Cuts Could Be Right Around The Corner For These 3 REITs

Dividend Cuts Could Be Right Around The Corner For These 3 REITs

Orchid Island Capital Corp. (NYSE: ORC) is a finance company that acquires, invests in and offers financing from U.S. residential mortgage-backed securities (MBS). The Florida mortgage real estate investment trust (REIT) initiated an IPO in March 2013 at a price of $14.50. Its monthly dividend of $0.135 returned an approximate annual yield of 11%. However, … Read more

Time to get bullish again on China? J.P. Morgan sees buying opportunity in these 2 Chinese stocks

Time to get bullish again on China? J.P. Morgan sees buying opportunity in these 2 Chinese stocks

Chinese stocks have come under pressure for various reasons over the past year and a half or so; a slowing economy has been one cause while domestic tussles with the regulators haven’t helped either, particularly for those in the tech sector. Another element keeping sentiment low and impacting performance has been the fear of de-listing … Read more

UPPAbaby recalls 14K strollers after baby’s fingertip amputated

UPPAbaby recalls 14K strollers after baby's fingertip amputated

Childcare brand UPPAbaby is recalling a line of its premium jogging strollers due to a risk of amputating children’s fingers. The company’s RIDGE brand jogging strollers utilized a back-wheel braking system that can severely cut or even sever a child’s finger if stuck inside. The Consumer Product Safety Commission (CPSC) announced a recall of approximately 14,000 products, which retail … Read more

Stock Market Erases Morning Gains On Russian Pipeline Retaliation

Stock Market Erases Morning Gains On Russian Pipeline Retaliation

The major stock market indexes relinquished morning gains in afternoon trading on Friday, dropping to lows for the day. Market players hit the exits on news that Russia will suspend natural gas pipeline shipments to Germany. X The Nasdaq changed course, now down 0.5%. The S&P 500 has shed 0.2% while the Dow Jones Industrial … Read more