All posts tagged "Finance"

For 12 years, Sen. Jeff Merkley (D-OR) has pushed for a ban on congressional stock trading, calling the practice “corrupt,” “unacceptable” and “wrong.”

The first time he and Sen. Sherrod Brown (D-OH) presented an amendment in 2012 that would prohibit members of Congress from playing the stock market, they only got 26 votes in support.

Now, Merkley is confident an amended version of the Ending Trading and Holdings in Congressional Stocks (ETHICS) Act has enough bipartisan support that it will come out of a markup meeting with the Senate Committee on Homeland Security and Governmental Affairs on Wednesday with the votes necessary to present the amendment for a vote....

WASHINGTON — Presumptive Democratic presidential nominee Kamala Harris has raised historically massive sums of money since President Joe Biden announced on Sunday he’d not stand for reelection.

But political money hasn’t always been easy for Harris.

Federal records indicate that Harris’ 2020 presidential campaign, which she abandoned in late 2019 before a Democratic primary or caucus vote had been cast, experienced a most messy financial ending — one that didn’t officially arrive until less than a year ago....

The Vermont Democratic Party is one of many political fundraising committees that have fallen victim to theft during the past couple of years.

But it’s the only one where the thief deposited the stolen funds into a sports betting account.

A Raw Story analysis of Federal Election Commission records showed the Vermont Democratic Party experienced a fraudulent charge of $925 on its political committee debit card — and the money went into an account on the sports and fantasy gambling site FanDuel....

Rep. Marjorie Taylor Greene (R-GA) purchased a new home in Washington, D.C., even after publicly bashing the nation's capital, according to a congressional financial disclosure.

Greene called Washington, D.C., a “crime ridden hell hole” and an “embarrassment” in a November 2022 tweet.

Fast forward to today, and Greene now owns a condo within the District of Columbia, valued between $500,001 and $1 million, according to her 2023 annual financial report filed on May 15 and recently made public....

A Republican congressman was as much as five years late reporting his spouse’s stock trades, violating a federal financial disclosure law, according to a Raw Story review of congressional financial records.

Rep. Roger Williams (R-TX) failed to properly report 16 stock trades and one bond transaction from two of his wife’s brokerage accounts, some going back as far as February 2019.

Each stock trade was in the $1,001 to $15,000 range involving a variety of companies such as tech conglomerate Alphabet, artificial intelligence company NVIDIA, pharmaceutical giant Eli Lilly and Company and media and entertainment conglomerate Walt Disney and Company. ...

New York (AFP) - Shares of social media company Reddit soared nearly 50 percent on the New York Stock Exchange Thursday in a buoyant market debut that raised hopes about the IPO market. The company, which trades under the ticker RDDT, finished at $50.44, up 48.4 percent from its initial public offering price, lifting the valuation to around $8 billion. The hot trading debut came after the company's IPO priced at the upper end of the range, raising a bit more than $500 million. Market watchers were not sure what to expect from Thursday's start given Reddit's record of annual losses and skeptici......