Trump Promoted Companies on Truth Social Days After Buying Their Stocks: CNN Report
CNN found Trump bought shares in 21 companies before praising them online, with at least 44 purchases followed by complimentary posts within a week.
- A CNN investigation found that President Donald Trump promoted more than 20 companies on his Truth Social account days after his managers purchased their stock, at times announcing government actions that could benefit those specific firms.
- Unlike past presidents who utilized blind trusts to avoid conflicts of interest, Trump has not placed his assets in such accounts, meaning he can identify the specific stocks his financial managers buy or sell.
- Trump bought between $200,000 and $500,000 in Nvidia stock days before promising to expedite permits for its AI supercomputers; he later urged Americans to "go out and buy a Dell computer" after purchasing shares in the company.
- Government watchdogs labeled the trading activity a "case study in presidential conflicts of interest," though White House spokesperson Anna Kelly denied any impropriety, asserting the president "only acts in the best interests of the American public."
- While Congress debates legislation to ban stock trading by lawmakers, members have not extended these restrictions to the executive branch, leaving the president exempt from the conflict-of-interest laws that bind other federal employees.
14 Articles
14 Articles
Trump touts Nvidia and Tesla days after buying their shares
President Donald Trump has promoted more than 20 companies, including Nvidia, Tesla and Apple, within days of purchasing their shares, according to a CNN investigation. CNN found that several Truth Social posts announced or praised government actions that could benefit…
Trump Touted 20 Companies Soon After Buying Their Stocks - Internewscast Journal
Internewscast Journal Internewscast Donald Trump praised a series of companies, or highlighted their products, shortly… This Post: Trump Touted 20 Companies Soon After Buying Their Stocks first appeared on Internewscast Journal
Donald Trump regularly provides reason to believe that he enriches himself with his politics. A broadcaster now sees a connection between various stock deals and contributions in his social network. However, a misconduct cannot be proven so far.
(San Francisco = Yonhap News) Correspondent Kwon Young-jeon = Immediately after U.S. President Donald Trump purchased stocks in about 20 companies, including giant tech firms, social networking services (SN...
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