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Former President Donald Trump outraised President Joe Biden last month for the first time in 2024, a potential sign that Trump's trial in New York could be giving his campaign a boost in fundraising. Biden's political operation announced on Tuesday in a press release that the combined campaign, joint fundraising committees and the Democratic National Committee raised $51 million in April. Trump and the Republ
Former President Donald Trump's top donors are to be rewarded for supporting him while they attend the Republican National Convention in July, according to new documents reviewed by CNBC. A fundraising committee called Trump 47 is offering its donors "major investor convention benefits," according to a pamphlet. The document lists convention rewards for Trump 47 Committee donors who either raise up to $2.5 million or personally give between $24,000 and
President Joe Biden's campaign ripped presumptive Republican nominee Donald Trump after the Dow Jones Industrial Average hit a record 40,000 on Thursday. "Toughest news yet for the one guy in America rooting for the economy to crash because he thinks it'll help him politically," said Michael Tyler, Biden's campaign communication director. "Donald Trump promised the stock market would crash if Joe Biden was elected. Instead, Joe Biden has broken economic reco
A far-right activist group that is doxxing college students who engage in pro-Palestinian protests revealed that it is funded by top Republican political donors and nonprofits backed by wealthy business leaders, a tax return reviewed by CNBC shows. The group, Accuracy in Media, publicly disclosed on its federal tax return a list of donors who combined to contribute nearly $1.9 million to the tax-exempt nonprofit between May 2022 and April of last year. The contributors listed on the tax return include billionaire Republican megadonor Jeff Yass, who Accuracy in Media said gave it $1 million. The family foundation of shipping supply magnate Richard Uihlein is also identified on the tax return, which says the Ed Uihlein Family Foundation gave $10,000. The Milstein Family Foundation, which is run by real estate executive and Republican donor Adam Milstei
Former President Donald Trump and people close to him are fielding calls from corporate leaders and wealth donors eager to share who they think Trump should tap for a running mate, according to people familiar with the matter. Ike Perlmutter, a billionaire and former chairman of Marvel Entertainment, told Trump he thinks the former president should choose New York Rep. Elise Stefanik, according to a person briefed on the conversation.
The Securities and Exchange Commission under a second Donald Trump presidency would roll back the aggressive stance the government agency has taken against corporate giants with current chairman Gary Gensler at the helm, according to people familiar with the matter. If Trump were to defeat President Joe Biden in November, the SEC under his administration would likely start by curtailing many of the rules recently put in place tied to the environment, according to experts and people close to the former president. An initial target of the SEC under a second Trump administration would be to roll back the new climate disclosure rules, these people explained. Gensler and the SEC adopted a rule in March requiring large publicly traded companies to disclose their levels of greenhouse gas emissions. The largest companies are required t
Former President Donald Trump will travel from a courtroom in New York to his ritzy private club in Florida this weekend, to mingle with potential running mates and wealthy Republican donors. Trump is scheduled to spend Thursday and Friday in court in lower Manhattan, where he is on trial and charged with 34 felony counts of falsifying business records in a political hush money case. After that, the former president will return home to Florida, where he will headline the Republican National Committee's spring donor retreat. The annual weekend traditionally brings together major donors and GOP heavyweight
Trump Media CEO Devin Nunes on Tuesday urged House Republican committee leaders to investigate possible "unlawful manipulation" of the company's stock. Nunes, himself a former House GOP chair, in a letter asked them to probe "anomalous trading" of the stock in order to gauge the extent of the alleged manipulation and "whether any laws including RICO statutes and tax evasion laws were violated." The request doubles down on Nunes' claim that Trump Media, which trades under the ticker DJT, is the apparent victim of "naked" short selling, the practice of selling a company's shares without first borrowing them for that purpose. Trump Media, which began trading on the Nasda