Trump media company subpoenaed in federal criminal probe of SPAC deal

Former U.S. President Donald Trump gives the keynote address at the Faith & Freedom Coalition during their annual “Road To Majority Policy Conference” at the Gaylord Opryland Resort & Convention Center June 17, 2022 in Nashville, Tennessee. Seth Herald | Getty Images Donald Trump’s media company was subpoenaed by a federal grand jury in connection with a criminal probe, according to the company with which the former president’s firm plans to merge. Digital World Acquisition Corp. said in a filing Friday that Trump Media and Technology Group received a subpoena…

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Stocks making the biggest moves premarket: Spirit Airlines, BioNTech, Robinhood and more

Check out the companies making headlines before the bell: Spirit Airlines (SAVE) – Spirit Airlines lost 4.7% in the premarket after saying it would accept the latest improved takeover bid from Frontier Group (ULCC). The latest Frontier cash-and-stock bid is valued at $2.7 billion based on Friday’s closing prices, while the most recent JetBlue (JBLU) all-cash offer is worth $3.7 billion. Spirit believes it is unlikely regulators would approve a combination with JetBlue, a notion that JetBlue has disputed. Frontier lost 1.7% while JetBlue was unchanged. BioNTech (BNTX) – BioNTech…

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Cramer: 15 things I learned about the changing tech sector from my week in Silicon Valley

It’s been more than two years — going back to the start of the Covid pandemic — since I have been able to do a deep dive of Silicon Valley. But over the past week I was able to reconnect with many executives, CEOs, and market insiders in CNBC’s San Francisco bureau, and I was blown away by what I learned and how different things have become. It is all pretty shocking compared even to the beginning of 2020. I want to give Investing Club members an exclusive look at…

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Jan. 6 Capitol riot committee members are tightlipped on what to expect in this week’s hearings

Members of the Committee attend the public hearing of the U.S. House Select Committee to Investigate the January 6 Attack on the United States Capitol, on Capitol Hill in Washington, U.S., June 9, 2022. Jonathan Ernst | Reuters Members of the House select committee investigating the Jan. 6 Capitol riot were tightlipped about what to expect in this week’s public hearings, giving few details beyond their road map to prove that former President Donald Trump is to blame for the efforts to overturn the 2020 election results. The first public hearing…

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Fired Fox News editor Chris Stirewalt says he will testify before Jan. 6 riot committee

Former U.S President Donald Trump is seen on video during the hearing of the U.S. House Select Committee to Investigate the January 6 Attack on the United States Capitol, on Capitol Hill in Washington, U.S., June 9, 2022.  Jonathan Ernst | Reuters A former Fox News political editor who was fired by the cable network last year said Friday that he will testify Monday at the House select committee’s next hearing about the pro-Trump Jan. 6 riot at the Capitol. Chris Stirewalt made the announcement on the Newsnation cable network,…

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5 things to know before the stock market opens Friday

Here are the most important news, trends and analysis that investors need to start their trading day: 1. Wall Street in a holding pattern ahead of key inflation report Traders work on the floor of the New York Stock Exchange NYSE U.S. stock futures were mixed as investors await Friday’s before-the-bell release of a key inflation report. The 10-year Treasury yield on Friday remained above 3% ahead of May’s consumer price data, scheduled to come out at 8:30 a.m. ET. Rising bond yields Thursday slammed stocks as the Dow Jones…

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Texas Attorney General Ken Paxton launches Twitter bots probe after Musk’s public complaints

Texas Attorney General Ken Paxton speaks during a news conference after the U.S. Supreme Court heard oral arguments in President Joe Biden’s bid to rescind a Trump-era immigration policy that forced migrants to stay in Mexico to await U.S. hearings on their asylum claims, in Washington, U.S., April 26, 2022.  Elizabeth Frantz | Reuters Texas Attorney General Ken Paxton said on Monday that his office is opening an investigation into Twitter over the number of bot accounts on its platform. “Attorney General Paxton issued a Civil Investigative Demand (CID) to…

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Judge dismisses Trump federal lawsuit against New York Attorney General Letitia James over her probe of business

Former U.S. President Donald Trump looks on during a press conference announcing a class action lawsuit against big tech companies at the Trump National Golf Club Bedminster on July 07, 2021 in Bedminster, New Jersey. Michael M. Santiago | Getty Images A judge on Friday dismissed a federal lawsuit by former President Donald Trump that sought to bar a civil investigation of his business by New York Attorney General Letitia James. The ruling by U.S. District Judge Brenda Sannes came a day after a state appeals court in New York…

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Trump must answer questions under oath in New York AG probe into business practices, appeals court says

Former President Donald Trump Carlos Barria | Reuters An appeals court on Thursday rejected a bid by former President Donald Trump and two of his adult children to avoid being compelled to answer questions under oath by investigators for New York Attorney General Letitia James as part of her civil investigation of Trump Organization business practices. The decision was the latest legal loss for Trump in his efforts to limit the probe by James, who is focused on allegations that the Trump Organization illegally manipulated the stated valuations of different…

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‘The next era of humanity’s technological development’: U.S. and its Asian allies get serious about semiconductors

TOKYO — As U.S. President Joe Biden visits Japan and South Korea, the three countries are looking for common ground on the world stage. One place they’re finding it is semiconductors. A first stop for Biden on his first swing through Asia as president was a Samsung factory in South Korea. “These little chips, only a few nanometers thick, are the key to propelling us into the next era of humanity’s technological development,” Biden said on Friday. The new president of South Korea, Yoon Suk-yeol, said over the weekend that…

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