Stock Market Surge

Trump Boasts of Billionaire Pals’ Stock Market Gains After Tariff Rollback

President Trump’s sudden suspension of tariffs resulted in a massive stock market surge, benefiting billionaires like Charles Schwab and Roger Penske, whom Trump publicly boasted about. This dramatic market increase, totaling $304 billion in gains for the world’s wealthiest, prompted accusations of market manipulation and insider trading. Democratic representatives Schiff and Gallego have called for a congressional investigation into potential illegal activity. The White House has dismissed these calls as partisan.

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Eutelsat Stock Soars After Musk’s Controversies Open Door for Starlink Rival

Eutelsat, a French satellite operator, experienced a dramatic 387% share price surge last week, fueled by speculation surrounding its potential role in providing satellite internet to Ukraine. This follows reports of strained U.S.-Ukraine relations and the possibility of Starlink’s services being curtailed. Eutelsat is currently in talks with the European Union to expand its services in Ukraine, potentially replacing Starlink. While the situation remains unclear, Eutelsat’s substantial satellite fleet positions it as a viable alternative.

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