Scavino is the third top official who, along with two others, sold Trump Media stock with the combined value of up to $10 million before tariffs news

Stock futures searched for direction in Thursday’s premarket session as traders digested President Trump’s latest tariff salvo, including a 50% duty on copper imports set to begin August 1 and a threat of similar tariffs on Brazil,

Trump Media & Technology Group ( DJT 1.65%) stock lost ground in June's trading despite a very strong bullish backdrop for the broader market. The company's share price fell 15.2% across the stretch, according to data from S&P Global Market Intelligence. The S&P 500 gained 5% in the month, and the Nasdaq Composite rose 6.6%.

Tax incentives contained in the sweeping tax and budget bill Trump signed on July 4 could provide a fresh boost to AI chipmakers.

The company unveiled a slate of new private markets funds from asset management firms including Cashmere, Fundrise and Liberty Street Advisors. These funds will offer investors exposure to private companies including OpenAI and SpaceX, SoFi said.