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Month: September 2024

Trump Media stock jumps after former president says he won’t sell shares when lockup expires

Trump Media stock jumps after former president says he won’t sell shares when lockup expires

NEW YORK (AP) — Shares of Trump Media & Technology Group Corp. jumped Friday after former President Donald Trump said he won’t sell shares of the social media company.

“I don’t wanna sell my shares. I don’t need money,” Trump said while speaking to reporters at his golf club in Los Angeles.

Trump owns nearly 115 million shares of the company, according to a recent filing with the Securities and Exchange Commission. Based on Thursday’s closing price of $16.08, Trump’s shares are worth approximately $1.85 billion.

The former president can start selling shares of Trump Media, the parent company of Truth Social, starting on Sept. 19 when a lockup provision ends, if he chooses to do so. The lockup provision prevented company insiders from selling newly issued shares for six months after the company began trading publicly in March.

Even though Trump would receive a sizeable payout if he did sell, the stock of Trump Media is now worth considerably less than it was valued at several months ago. When the company made its debut on the Nasdaq in March, it hit a high of $79.38. read more

Borrowing money from your home to pay for your child’s college

Borrowing money from your home to pay for your child’s college

David McMillin | Bankrate.com (TNS)

If you’re gearing up to send a child to college, the cost can feel overwhelming. A home equity line of credit (HELOC) or home equity loan could help pay for it — but before leveraging your home ownership stake in this way, you’ll need to balance a number of considerations. Here’s our crash course on the pros and cons of using your home to pay college tuition or other educational bills.

Homeowners can tap their equity and use it for a variety of big expenses, including major home improvement projects, large medical bills, debt consolidation — and yes, higher education costs.

Home equity represents the portion of your home that you own outright — equivalent to the initial down payment, plus any mortgage payments made since then. Another way to look at it: Home equity is the difference between what your home is worth and what you still owe on your mortgage.

Your home equity isn’t just a theoretical amount, though. It can be turned into cash (as the ads say) — or, strictly speaking, as collateral for a cash loan. You can borrow against your home equity in two basic ways: home equity loans and HELOCs. read more

NASA astronauts left behind by Boeing Starliner share thoughts on saga

NASA astronauts left behind by Boeing Starliner share thoughts on saga

Butch Wilmore and Suni Williams watched the spacecraft that took them to the International Space Station leave them behind last week as the Boeing Starliner made its return trip to Earth without a crew.

“We’ve got lessons learned that we will go through. We will have discussions. We will be involved with those discussions, and things that need to change will change,” Wilmore said during a press conference Friday from the ISS. “Obviously, when you have an issues like we’ve had, there’s some changes that need to be made. Boeing is on board with that. We’re all on board with that.”

The NASA call to keep its two NASA astronauts safe because of concerns with Starliner’s suspect thrusters that had poor performance on the flight up to the station meant that Wilmore and Williams had to prep for a long stay on board the ISS that will continue into 2025.

They arrived to the station June 6 — one day after launching on Starliner from Cape Canaveral atop a United Launch Alliance Atlas V rocket for what was supposed to be an eight-day visit. That will now be pushed to more than eight months. read more