A destination for political conservatives, the Boca Raton, Fla.-based news operation surges after its initial public offering.
Hoping to replicate, if not challenge, Fox Corporation, Newsmax went public this week. The Trump-friendly cable TV network raised $75mn. On Tuesday, its shares surged from its listing price of $10 to $233, implying a market capitalisation of $30bn.
Liberation day, they call it, right? The reciprocal tariffs go into effect April 2, not April Fools, but today, April 2. Yes, there's all kinds of consternation and worry about this pretty bold step.
The company later saw a sharp correction, plunging 79% on its third day as a publicly traded stock. It has now caught the attention of bearish investors, who are betting against its future performance
Long a conservative media also-ran, Newsmax’s stock price has risen and fallen dramatically throughout the week.
Conservative cable network Newsmax (NYSE:NMAX) exploded onto the public markets on Monday, closing at $83.51—up a staggering 735% from its $10
Canada responded to Trump's tariffs and announced 25% tariffs on all U.S. vehicles that are not compliant with the United States-Mexico-Canada Agreement.
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Mediaite on MSN‘Exciting Day on the NYSE’: Newsmax CEO, Personalities Ring Opening Bell on Wall Street Ahead of Market WipeoutInvestors spooked by Trump's reciprocal tariff policy continued a selloff at the market open Thursday with the Dow plunging 1,400 points.
Conservative cable news channel Newsmax is getting a Trump bump on Wall Street. The Boca Raton, Florida, outlet's stock price surged after its initial public offering Monday. Shares offered at $10 closed at $233 a share Tuesday afternoon,