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Following Donald Trump's election victory, shares of Trump Media & Technology Group experienced significant volatility. Initially surging by 62%, the stock faced sharp declines, reflecting investor uncertainty about the company's financial health and its reliance on Trump's political fortunes. The company reported a $19 million loss amid ongoing struggles.
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Following Donald Trump's election victory, U.S. markets have surged, with the S&P 500 and Dow Jones reaching record highs. Investors are optimistic about potential tax cuts and deregulation, while Bitcoin also hit a new peak. The Federal Reserve's recent interest rate cut further fueled market enthusiasm, marking a significant week for financial assets.
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Pony AI, the Chinese autonomous vehicle startup, is now aiming to raise $260 million in its upcoming IPO, a revision from its earlier target of $224 million. This comes after a significant reduction in its valuation and ongoing challenges in the U.S. market. The company operates a fleet of robotrucks and robotaxis in China.
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Following Donald Trump's election victory, Bitcoin's price has surged, reaching record highs. Analysts predict continued growth as Trump's administration is expected to support cryptocurrency. Institutional interest is rising, and the crypto market has gained over $800 billion since November 5, 2024.