Quantcast
Connect with us

Donald Trump personally profited from missile-maker Raytheon’s stock jump after his Syria attack

Published

on

While the world is dealing with both the implications and the fall-out from President Donald Trump’s missile attack on a Syrian airfield on Thursday, the manufacturer of the Tomahawk missile used in the attack is seeing their stock surge which is good news for their investors — including the president.

As noted by the Palmer Report, Trump owns stock in Raytheon, which was reported by Business Insider in 2015.

ADVERTISEMENT

According  to Trump’s financial disclosure reports filed with the FEC in 2015, his stock portfolio includes investments in  technology firms, financial institutions and defense firms, including Raytheon.

On Thursday, Trump launched an attack on the al-Shayrat military airfield, used by both Syrian and Russian military forces, hitting it with 59 Tomahawk missiles manufactured by Raytheon. Trump’s attack on Syria was reportedly in response to a deadly gas attack launched by Syrian President Bashar al-Assad against his own people earlier in the week.

While the Tomahawk attack did little damage to the airfield — with the Syrian air force  continuing to launch assaults from the same base on Friday — investors, sensing an increasing escalation in tensions between two countries and the possibility of war , pushed Raytheon stock up.

Since taking office, Trump has refused to divulge all of his financial information — including his income taxes — and refused to place his business and financial holdings in a blind trust allowing Trump and his family to move money and investments around as they see fit.

 


Report typos and corrections to: [email protected].
READ COMMENTS - JOIN THE DISCUSSION
Continue Reading

Breaking Banner

McConnell in a pickle after GOP senator blasts Trump’s executive orders as ‘unconstitutional slop’

Published

on

President Donald Trump on Saturday signed four executive orders that may provide economic relief for some Americans as Congress remains at an impasse.

Senate Majority Leader Mitch McConnell (R-KY) backed Trump's moves, despite their dubious legal grounding.

“Struggling Americans need action now. Since Democrats have sabotaged backroom talks with absurd demands that would not help working people, I support President Trump exploring his options to get unemployment benefits and other relief to the people who need them the most," McConnell said in a statement.

Continue Reading

Breaking Banner

Trump signs executive order which may provide $400 a week of enhanced unemployment for some

Published

on

President Donald Trump on Saturday signed executive actions extending financial relief to Americans hit by the coronavirus pandemic as polls showed a large majority of voters unhappy with his handling of the crisis.

The four measures marked a presidential show of strength after Trump's Republican party and White House team failed to agree with opposition Democrats in Congress on a new stimulus package aimed at stopping vulnerable Americans from falling through the cracks.

"We've had it and we're going to save American jobs and provide relief to the American workers," Trump said at a press conference in his golf club in Bedminster, New Jersey, where he was spending the weekend.

Continue Reading
 

2020 Election

Lincoln Project only needed 19 words to show 4 fatal flaws with Trump’s payroll tax holiday

Published

on

President Donald Trump on Saturday signed an executive order creating a payroll tax holiday that he hopes will become permanent.

"President Trump pledged on Saturday to pursue a permanent cut to the payroll taxes that fund Social Security and Medicare if he wins reelection in November, a hard-to-accomplish political gambit that some experts see as a major headache for the future of the country’s entitlement programs," The Washington Post reports. "Trump unexpectedly promised the policy action as he signed a directive that aims to help cash-starved Americans amid the coronavirus pandemic. The order allows workers to postpone their payroll tax payments into next year but doesn’t absolve their bills outright — though the president said he would seek to waive what people owe if he prevails on Election Day."

Continue Reading
 
 
You need honest news coverage. Help us deliver it. Join Raw Story Investigates for $1. Go ad-free.
close-image