Shares of Trump Media shot up Friday, minutes after majority owner Donald Trump said he has no plans to sell his stake.
“I’m not selling,” said the Republican presidential nominee, who will be free to start cashing in his nearly 57% stake in less than a week when a lockup agreement expires.
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As of Thursday, investors were placing the probability of the Fed lowering rates by 50 basis points at its meeting next week at just 15%, down from the 44% chance seen a week prior, per the CME FedWatch Tool.
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