Former President Donald Trump is in line to receive around $1.3 billion worth in additional Truth Social stock. This would push the value of his ownership to the $4 billion range.
Tesla slashed prices by up to $2,000 on its vehicles such as the Model 3 and Model Y in several markets including the United States, China, and Germany over the weekend, in its latest effort to boost demand slowed by high interest rates.
Fashion retailer Express Inc. has filed for Chapter 11 bankruptcy in the United States and intends to close more than 100 stores, it said on Monday.
