Trump Media sends letter to SEC alleging “potential illegal naked short selling and market manipulation” of its shares

Trump Media & Technology Group called on the US Securities and Exchange Commission to “immediately investigate” what the company alleges is “suspicious trading” relating to a massive short position in the stock by UK-based hedge fund Qube Research & Technologies.

The owner of Truth Social says there is “potential illegal naked short selling and market manipulation” of its shares, citing discrepancies between short interest data from exchanges and the short position of 5.7 million shares that Qube disclosed.

“Naked short selling” occurs when a fund sells shares it hasn’t yet been able to locate a borrow for.

Qube’s short position of about 2.5% of the shares outstanding of DJT is larger than every individual owner’s long position except for that of President Donald Trump, who holds a majority stake.

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Meet the newly public, Bezos-backed company that’s recreating the sun and stars

General Fusion CEO Greg Twinney spoke with Sherwood News from the Nasdaq during the stock’s first day of trading.

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SpaceX gets a wave of bullish ratings from Wall Street analysts

SpaceX received more than a dozen positive analyst calls on Tuesday — including from major Wall Street banks — as they initiate coverage on Elon Musk’s space and AI company.

SpaceX went public on June 12 at a $2.2 trillion valuation, the largest debut in history. While the company hasn’t yet posted a profit, it seems to have convinced Wall Street that it will get there and grow its valuation on the way.

Of the at least 17 analysts that gave a rating on Tuesday, all but one gave it a “buy” or “outperform” rating. MoffettNathanson was "neutral."

The ratings come as SpaceX joined the Nasdaq 100 index, a benchmark tech-heavy basket of companies that underpins millions of portfolios. The inclusion adds built-in demand for the stock from index funds and ETFs.

Still, SpaceX fell more than 5% on Tuesday amid a broader sell-off, and is currently effectively flat from its opening price of $150 a share.

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US job growth falls far short of estimates in June; unemployment rate unexpectedly dips to 4.2%

Job growth was 57,000. Analysts foresaw job growth of 113,000; prediction markets were more optimistic, looking for job growth above 125,000 but below 150,000.

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Meta surges on report it’s starting a cloud business to sell excess AI compute

The story of the hyperscalers in 2026 has largely been “the beatings will continue until the cash flow outlook improves;” this could help change the story for Meta. Or not.

Meta CEO Mark Zuckerberg visits U.S. Capitol for Senate meetings

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