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Asian markets slump as traders take profits, eye commodities' spike
Asian markets slump as traders take profits, eye commodities' spike
by  AFP

Asian markets suffered a downturn Tuesday after racking up a series of gains as profit-takers stepped in, while traders were also spooked by a surge in commodity prices. After a mildly positive day in New York, where the Nasdaq hit a record high and the Dow ended down from Friday's record, Asian investors were cautious as they eyed rising commodity prices.

Parent company of Trump's Truth Social posts $328 mln loss
Parent company of Trump's Truth Social posts $328 mln loss
by  AFP

Trump Media and Technology Group, which owns former US president Donald Trump's social media platform Truth Social, lost more than $300 million in the first quarter of 2024, it said Monday. Over the quarter, TMTG -- whose primary asset is the Truth Social network founded by Trump after he was kicked off Twitter and Facebook in 2021 -- generated just $770,500 in sales.

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