Business
Trump Media to Raise $2.5 Billion to Build Bitcoin Treasury Reserve

Trump Media & Technology Group, the parent company of Truth Social, announced on Tuesday that it has secured commitments from institutional investors to inject $2.5 billion into the company, a move aimed at creating a substantial bitcoin reserve.
According to the Florida-based firm, approximately 50 institutional investors are participating in the fundraising, with $1.5 billion allocated for a private placement of common shares and an additional $1 billion raised through convertible senior notes. The funds will be directed toward establishing what the company calls a “bitcoin treasury.”
In a statement, Trump Media Chairman and CEO Devin Nunes said the new capital will help shield the company from what he described as “harassment and discrimination by financial institutions.” Nunes positioned the investment as part of a broader effort to support companies and individuals that feel marginalized by traditional banking and regulatory systems.
The announcement sent the company’s stock tumbling 9% on Tuesday, reflecting investor uncertainty over the unconventional move.
Trump Media’s strategy mirrors that of companies like MicroStrategy Inc., a tech firm known for using stock and debt offerings to amass one of the largest corporate bitcoin holdings in the world. By adopting a similar model, Trump Media is aligning itself with a growing trend among businesses seeking to leverage cryptocurrencies as an alternative asset class.
The investment marks a notable shift in attitude from Donald Trump himself. During his first term as president, Trump was openly skeptical of cryptocurrencies, famously dismissing them as “not money” and “based on thin air.” However, his stance appears to have evolved in recent years.
In May 2024, during a campaign event at Mar-a-Lago, Trump reportedly received strong backing from cryptocurrency advocates, who pledged significant financial support for his reelection bid. Just last week, Trump hosted a private dinner for top investors in his $Trump meme coin project at a luxury golf club in Virginia, raising concerns among ethics watchdogs about potential conflicts between his political ambitions and business interests.
Despite the criticism, Trump Media’s bitcoin play underscores the growing intersection between politics, technology, and digital finance as the former president positions himself as a crypto-friendly candidate heading into the 2024 election.
Business
Financial Influencer Jenny Okpechi Shares How Early Investing Helped Her Build a Six-Figure Portfolio

Financial influencer Jenny Okpechi, known online as @savvymoneygirl, is championing the power of early and consistent investing after building a multiple six-figure portfolio through smart financial planning and diversified income streams.
Speaking to Euronews, Okpechi emphasized that wealth-building is a long-term process rooted in discipline, education, and strategic action—not overnight success. Her financial journey began at just 16, when she started saving and investing small amounts despite limited resources.
“I started very young and very intentionally,” she said. “I learned to budget, live within my means, and gradually moved from saving to investing in treasury bills, corporate bonds, and stocks.”
Raised in a traditional African household where financial decision-making was often seen as a male role, Okpechi had to push against cultural barriers. “I wanted to prove that women could manage and grow money just as well,” she said. That determination led her to pursue multiple sources of income while also studying, including paid surveys, tutoring, and blogging.
Today, Okpechi boasts eight income streams, ranging from her full-time job as a Scrum Master and a part-time healthcare assistant role, to digital product sales, affiliate marketing, brand collaborations, and investments in REITs, index funds, and stocks. She is also building Moneybestie, a fintech app aimed at improving financial literacy among women and girls.
“I pay myself first and invest consistently. I only invest in what I understand—nothing fancy, just steady and simple,” she said. She credits compound interest and the discipline of regular investing as major factors in her portfolio growth.
Okpechi encourages young people to start investing early—even with small amounts. “Don’t wait until you earn more. Start with £25 a month if that’s all you can. Automate it, and let time do the work,” she advised. “Time in the market beats timing the market.”
Despite her success, Okpechi has faced challenges—from overcoming imposter syndrome in the male-dominated finance and tech industries to battling burnout while juggling multiple roles. She also confronted deep-rooted gender biases that undervalue women’s financial potential.
Her message to aspiring investors is clear: “Learn about money like your financial freedom depends on it—because it does. Talk about money, forgive your financial mistakes, and keep moving forward.”
With Generation Z reportedly beginning to invest earlier than previous generations—at an average age of 19—Okpechi’s story offers both inspiration and practical guidance for anyone looking to secure their financial future.
Business
U.S. Economy Contracts for First Time in Three Years Amid Tariff Turmoil
Business
Stellantis Appoints Antonio Filosa as CEO Amid Profit Slump and Strategic Challenges

Stellantis has named Antonio Filosa, its Chief Operating Officer for North America, as the company’s new Chief Executive Officer, following the unexpected resignation of former CEO Carlos Tavares in December. Filosa, 51, will formally assume the role on June 23, pending approval at an upcoming shareholder meeting.
The announcement, made on Monday, comes at a turbulent time for the world’s fourth-largest carmaker, which has been grappling with slowing sales in key markets and internal disagreements over the pace of electrification.
Stellantis, the multinational automotive group behind 14 brands including Peugeot, Fiat, Chrysler, Citroën, and Jeep, issued a profit warning last September due to slumping demand in the United States and Europe. The warning preceded the abrupt exit of Tavares, who reportedly clashed with the board over his aggressive push for a full transition to battery electric vehicles (BEVs) in Europe by 2030. The board had advocated for a more gradual approach.
Filosa’s appointment signals a strategic reset for the group, which is under pressure from weak North American performance, rising global competition, and trade policy uncertainties, particularly from the United States. Former President Donald Trump’s tariff stance on foreign automakers continues to cast a shadow over multinational manufacturers like Stellantis.
In its official statement, the company praised Filosa for his “proven track record of hands-on success during his more than 25 years in the automotive industry,” as well as his “unrivalled knowledge of the company and recognised leadership qualities.” The Naples-born executive has held various leadership roles across Stellantis’ global operations and was promoted to head of North America shortly after Tavares’ departure.
During his tenure in North America, Filosa has worked to reduce bloated inventories and restore dealer confidence following months of sluggish sales. As CEO, he will now oversee a vast portfolio of brands and be tasked with balancing profitability, innovation, and sustainability across diverse markets.
Filosa’s leadership will be closely watched as Stellantis navigates regulatory shifts, intensifying competition in electric vehicles, and a volatile geopolitical landscape. The shareholder meeting to confirm his appointment is expected to be announced in the coming days.
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