Trump says he will not permit dividends and stock buybacks for defense companies

President Donald Trump on Wednesday said he “will not permit” defense companies to issue dividends or stock buybacks until those firms speed up their production of military equipment and address his other complaints about the industry. Trump, in a lengthy Truth Social post, also took aim at defense contractors’ executive pay packages, calling them “exorbitant…

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Discord’s IPO could happen in March

Wall Street is once again whispering about a potential Discord IPO. Discord, the popular chat and community platform, has filed confidential IPO paperwork with the SEC and anticipates a March debut. Sources told BloombergThe company appointed top-tier tech IPO bankers Goldman Sachs and JPMorgan Chase as its underwriters, Should the tea leaves remain positive for…

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Comer, Lee get in heated exchange during Minnesota fraud hearing: 'You all have failed'

Rep. Summer Lee (D-Pa.) and House Oversight Committee Chairman James Comer (R-Ky.) got into a heated argument Wednesday during a Capitol Hill hearing on Minnesota’s sweeping fraud scandal. Lee accused Republicans of “cherry picking a blue state and an immigrant population” to “demonize” it, casting doubt on the motivations behind the House… Source link

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