Wall Street Soars To Record Highs Following Trump's Victory

Wall Street’s main indexes reached record highs on Wednesday after former president Donald Trump defeated Vice President Kamala Harris in the 2024 presidential election.

The post Wall Street Soars To Record Highs Following Trump's Victory appeared first on .

Wall Street Billionaires Are Starting to Bet On A Trump Win

'A reduction in the activist antitrust stance of the Biden-Harris administration will unleash productivity.'

Letter to the Editor: Gasparino vs. Tice

Wokeness is stuff that most Americans of all races and genders can't stand. If they ate this stuff up, Disney—which has been indoctrinating children in gender fluidity through its programming—wouldn't have a stock price that hasn't moved in eight years. Bud Light would still be the nation's No 1. beer, not No. 3, after featuring a trans woman activist in a commercial. BlackRock would be advertising its fealty to Environmental, Social, and Governance investing instead of running away from it.

The post Letter to the Editor: Gasparino vs. Tice appeared first on .

Bill Ackman calls on nation to rally behind Trump; calls Newsom a 'disaster'



Bill Ackman, the billionaire founder of Pershing Square Capital Management, admitted in January that while registered to vote in the Democratic primary, he was "no longer a Democrat." At the time, he had sunk donations into the ill-fated Republican campaigns of former New Jersey Gov. Chris Christie, former South Carolina Gov. Nikki Haley, and Vivek Ramaswamy and had also financed Robert F. Kennedy Jr.'s campaign.

While Ackman indicated in subsequent months that he might support Trump, the first presidential debate Thursday night evidently sealed the deal.

Trump "is going to win in a landslide," Ackman wrote hours after the debate, which he said was an "indictment of the Democratic Party."

"The country should rally around Trump and help him succeed," added Ackman.

Ackman suggested that when Trump won in 2016, the outcome had been so unexpected that "he was totally unprepared. The lack of preparation, the Russian investigation and the ensuing chaos interfered with his ability to execute."

'They outright lied to you.'

This time around, the billionaire indicated that Trump "knows he is going to win. So does everyone else." Accordingly, the Republican has the luxury of time to "assemble a first class team."

In the meantime, the former Democrat recommended that the country unify around Trump, stressing, "The best thing we can do as citizens is support our next president. We need to align the country around our nation's leader. We have grave global threats we need to deal with and challenging economic times fast approaching."

When pressed on whether California Gov. Gavin Newsom (D) might stand in for Biden, Ackman minced no words: "Newsom would be a disaster. Just look at what has become of the great city of San Francisco. Exhibit A in how not to run a city or a state."

Besides imploring other Americans to join him in supporting Trump and understanding that the top Biden alternate is a nonstarter, Ackman also laid into the Biden administration and the liberal media for lying about Biden's decrepitude.

"Left wing media have had total and complete access to the president, his staff, and his administration. They all knew, but they told you otherwise. They outright lied to you," wrote Ackman.

"People very close to me, my closest family and friends, trusted the media on Biden until the @CNN commentators finally owned up to the truth about Biden last night. For months I have been accused by many friends and family of being misled by an @X-based 'right wing echo chamber,'" wrote Ackman. "The sad reality is that one of our most important institutions, the so-called 'Fourth Estate,' fourth only after the clergy, the nobility, and the commoners, has destroyed any remaining credibility it has."

In the wake of its gross distortions of Biden and Trump alike, Ackman underscored, "The media can no longer save itself."

He intimated further, referencing a video of White House press secretary Karine Jean-Pierre hyping Biden's supposed mental acuity, that the administration officials "covering for their boss" have demonstrated disloyalty and and willingness to lie to the American people.

Ackman has joined the ranks of numerous other Wall Street executives who, tired of the chaos unfolding under the current administration, have thrown in their lots with Trump.

Blackstone Group CEO Steve Schwarzman, among them, distanced himself from the Republican in 2021, insinuating in a statement that the Jan. 6 riot was linked to the president's remarks. However, he closed the distance last month, telling Axios that the "dramatic rise of anti-Semitism has led me to focus on the consequences of upcoming elections with greater urgency."

Schwarzman noted, "I share the concern of most Americans that our economic, immigration, and foreign policies are taking the country in the wrong direction. For these reasons, I am planning to vote for change and support Donald Trump for president. In addition, I will be supporting Republican Senate candidates and other Republicans up and down the ticket

Like Blaze News? Bypass the censors, sign up for our newsletters, and get stories like this direct to your inbox. Sign up here!

GameStop, AMC shares skyrocket after Roaring Kitty returns; Dave Portnoy pumps $1 million into market



A stock trader who goes by the name Roaring Kitty returned to the limelight, sparking a market frenzy around stocks that are considered meme stocks, which are seemingly propped up by the momentum of the internet.

Keith Patrick Gill, aka Roaring Kitty, was known for starting a firestorm in the meme stock category by encouraging a short squeeze on the GameStop (GME) stock in 2021 and then disappearing from the online community.

Gill returned by posting a meme on May 12, 2024, at 8 p.m., and by the next morning, the GameStop stock prices had once again soared.

The meme in question simply showed a person playing a video game and making a motion of leaning in, which is a metaphor for taking things seriously. A nearly identical meme was posted by GameStop in February 2024 with the caption "casual to competitive" on the image.

The morning of May 13, 2024, GameStop shares opened at around $21. Within 24 hours, they nearly quadrupled to around $80.

GME wasn't the only meme stock to see resurgence either.

'Every time I think I'm out they pull me back in!'

None
— (@)

Movie theater AMC Entertainment Holdings Inc. (AMC) saw similar gains.

AMC opened May 13 at around $3.10, then also approximately quadrupled in 24 hours to over $12.50 per share.

Both of the brands were helped not only by the circulation of the meme and the many memes to follow but by Barstool Sports owner Dave Portnoy once again injecting himself into the fray.

"You wanna get nuts [Roaring Kitty] let's get nuts!" Portnoy wrote on X. "Every time I think I'm out they pull me back in!" he added.

"Breaking news, I can't f***ing miss a f***ing 50 year storm. You wanna f***ing party, let's f***ing party," Portnoy said in his breaking news video.

The sports brand operator then announced that he was buying $500,000 worth of AMC stock and $500,000 in GameStop stock.

"You wanna know who's on this ship? I'm on this f***ing ship. Let's f***ing go!" he added.

You wanna get nuts @TheRoaringKitty let's get nuts! Every time I think I'm out they pull me back in! #GME #AMC #ddtg
— (@)

Both GameStop and AMC were seen as struggling and nearly extinct franchises in 2021 until Gill gained national attention for his remarks on GameStop. The meme stocks then took on a life of their own through Reddit.

Trading was pushed to its height through the Reddit group Wall Street Bets, along with Portnoy and Gill.

Portnoy even had a very public clash with the CEO of trading app Robinhood over the company's decision to stop trading on GameStop shares.

Robinhood CEO Vladimir Tenev went head to head with Portnoy on Fox News, with Tenev saying his company supports "the little guy."

"We're all about that," he added.

"You did something and gave a huge advantage to the big guy. That is the exact opposite of helping the little guy. You killed the little guy," the Barstool Sports founder came back.

Mainstream stock advisers warned casual traders about this latest trend.

Roaring Kitty "seems to be the most likely suspect for the renewed interest [in the stocks] but I would be careful not to characterize the participants in this phenomenon as investors," Art Hogan, chief market strategist at B Riley Wealth told Reuters.

Gill, on the other hand, has seemingly done nothing but post memes and movie clips since the stocks have once again become their own unpredictable entities.

None
— (@)

Like Blaze News? Bypass the censors, sign up for our newsletters, and get stories like this direct to your inbox. Sign up here!

The dirty trick that lines Congress' pockets but would put YOU in jail



After three and a half years of Bidenomics, “a lot of people are struggling more than they have in a very long time,” says Glenn Beck. “Everybody is like that.”

“Well, not everybody,” he mocks, pointing at the cover of BlazeTV’s latest documentary, “Bought and Paid For: How Politicians Get Filthy Rich,” which features a picture of Nancy Pelosi surrounded by stacks of cash.

In this Blaze Originals episode, we very clearly show you “why [members of Congress] never retire.”

Its roots go back to Karl Marx, the Bolsheviks, and Mao Zedong. What did they have in common?

“They all stated in their own ways that they wanted to take money from one group of people and give it to another group of people,” calling it “an economy for everyone,” says Glenn.

We’ve heard suspiciously similar iterations from our own politicians, including Nancy Pelosi, Bernie Sanders, and Hilary Clinton, among others.

But no matter if it’s Russia, China, Cuba, or Venezuela, every time this rhetoric has been used, it has always meant the same thing: “the elites end up being the people who write the laws,” and “they're the ones who get rich” — never the people.

What makes American politicians different? Nothing. They’re also getting richer as the people get poorer, but so many of us don’t have a clue about their shady dealings.

So, how are they doing it?

Let’s just say they’ve found a practice that far outperforms what the country’s leading financial experts are capable of — a practice ordinary citizens don’t have access to.

To hear more about how the scheme works, watch Glenn’s chalkboard talk below. Then, head over to blazetv.com/originals for the full documentary. Use promo code FILTHYRICH for $30 off an annual subscription.


Want more from Glenn Beck?

To enjoy more of Glenn’s masterful storytelling, thought-provoking analysis, and uncanny ability to make sense of the chaos, subscribe to BlazeTV — the largest multi-platform network of voices who love America, defend the Constitution, and live the American dream.

Democrats Scramble To Fix Consequences Of Their Spending Because It’s Election Year

Elizabeth Warren is complaining about high interest rates after creating the very conditions that made rates spike in the first place.

‘Diversity’ And ‘Academic Freedom’ Are Just Left-Wing Buzzwords

Academia uses “academic freedom” in the same way it uses “diversity” — as a way to exclude anyone who rejects left-wing identity ideology.