Public.com | March 26th, 2024

Today's insights are courtesy of Public.com. Public.com has just launched options trading, and if you activate your account by March 31, you can earn an $0.18 rebate on every single options trade.

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GOOD MORNING

Here’s everything you need to know today. First on our agenda, the impressive yearly stock returns of U.S. Representatives have caught the public's eye, with performance ranging significantly above market averages, from 20.3% to an astonishing 40.3%. These figures, spotlighting the financial acumen (or perhaps, insider advantages) of certain political figures, pose pressing questions about equity and transparency in the financial arena.

Meanwhile, in a notable move on the financial stage, Trump Media & Technology Group, along with its platform Truth Social, ventures into the public market via a merger with Digital World Acquisition Corp. This development not only captivates investors and political watchers but also heralds a pivotal moment for media and technology ventures associated with the former President.

Across the Atlantic, the European Union intensifies its scrutiny of the tech industry's giants. Alphabet, Apple, and Meta are now under investigation to determine their compliance with the EU's stringent new Digital Markets Act (DMA). This move reflects a broader commitment to fostering fair competition and innovation within the digital marketplace, signaling potential shifts in how tech companies operate in Europe.

Let’s dive into more detail below.

Recently revealed yearly stock trading returns from U.S. Representatives have incited ongoing speculations of insider advantages. With annual returns ranging from 20.3% to a remarkable 40.3%, the figures notably eclipse typical market averages, prompting the public to question the fairness of the financial playing field.

The financial performance of four U.S. Representatives' stock portfolios has come under the microscope after their annual returns — 21.8% for Nancy Pelosi, a staggering 40.3% for Dan Meuser, 20.3% for Donald Beyer, and 25.9% for Josh Gottheimer — have been made public. The substantial gains reported by these representatives, eclipsing standard market benchmarks, have ignited conjecture and apprehension about the potential misuse of exclusive information for personal financial benefit.

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In a groundbreaking, unprecedented development capturing the attention of investors and political observers alike, Trump Media & Technology Group, with its flagship social networking platform Truth Social, is poised to make a splash on the Nasdaq today.

This move comes after the approval of a merger with Digital World Acquisition Corp., a special purpose acquisition company (SPAC), igniting a flurry of market activity and speculation about the future of media and technology ventures spearheaded by former President Donald Trump.

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The global defense landscape remains steadfast as the United States continues to be the top arms exporter worldwide, commanding an impressive 41.7% of the market.

The data, reflecting a period from 2019 to 2023, unveils a titanic lead over its closest competitors, France and Russia, and raises questions about the burgeoning dynamics of international power.

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The European Union has escalated its regulatory oversight of the tech industry by opening investigations into Alphabet, Apple, and Meta under the Digital Markets Act (DMA). These probes aim to determine if these tech giants must align their operations with the EU's stringent new antitrust laws. This move signifies a pivotal moment in the EU's commitment to ensuring fair competition and innovation within the digital marketplace.

The investigations focus on Alphabet's and Apple's app store policies that might restrict developers from directing consumers to offers outside their platforms, Alphabet's search engine practices that could unfairly favor its services, and Apple's implementation of user choice obligations. Additionally, Meta is under scrutiny for its "pay or consent" model, which the Commission fears may not offer users a genuine choice in how their data is used across different services. Other areas of investigation include Apple's new fee structure for alternative app stores, Amazon's product ranking practices, and the retention of documents by major tech companies to ensure DMA compliance.

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1. Market Rally Pauses as Futures Hold Steady

After significant gains, U.S. stock futures saw minimal changes, indicating a pause in the market's recent rally.

2. NYSE to Delist Fisker Amid Trading Price Concerns

The New York Stock Exchange announced plans to suspend trading and delist Fisker due to its "abnormally low" trading price.

3. Investors Stick with Cyclical Sectors Despite Pullback Risks

Despite potential market pullback risks, investors continue to favor cyclical sectors, expecting benefits from anticipated lower interest rates.

4. Stock Futures Open Flat After Monday's Downturn

U.S. stock futures opened near the flatline following a slight downturn in the major averages at the start of the week.

5. Trump’s Net Worth Reportedly Soars to $6.5 Billion

Former President Donald Trump's net worth has reportedly increased to $6.5 billion following a surge in his media company's stock.

6. Mark Cuban's Advice on Winning Mega Millions Jackpot

With the Mega Millions jackpot at $1.1 billion, billionaire Mark Cuban shares his advice for potential winners.

7. Passive Income Success: $49,000/month at Age 34

A 34-year-old earning $49,000 per month in passive income shares insights for those interested in successful side hustles.

8. Elon Musk Requires 'FSD' Demos for Tesla Buyers

Elon Musk has mandated demos of the 'Full Self-Driving' feature for all prospective Tesla buyers in North America.

9. Federal Raids on Sean Combs' Properties

The homes of Sean "Diddy" Combs in Los Angeles and Miami were raided as part of a criminal probe in New York, according to NBC News.

10. Sergey Brin’s Divorce Centered on Scandal

The divorce of Google co-founder Sergey Brin is reportedly centered around a scandal, highlighting the complexities of his personal life.

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Today's insights are courtesy of Public.com. Public.com has just launched options trading, and if you activate your account by March 31, you can earn an $0.18 rebate on every single options trade.

Learn More About Public.com ➔

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