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According to Bloomberg, Devin Nunes, CEO of Trump Media & Technology Group, resigned on Tuesday evening, and Kevin McGurn was appointed as interim CEO. The company’s stock price has fallen about 90% from its early 2022 high of $97.54, closing at $9.73 on Wednesday, with a market capitalization of approximately $2.7 billion. The company’s annual revenue is only $3.7 million, with losses amounting to hundreds of millions of dollars. Trump Media is the parent company of Truth Social and has expanded its business into areas such as prediction markets and cryptocurrency, but has failed to attract interest from retail investors.

LME copper strongly broke through $13,400 to reach a seven-week high! Is sulfuric acid shortage becoming the new driving force behind the copper price surge? How much longer can the current rally last? Click to read.

On April 23, Hassett, the Director of the National Economic Council at the White House, expressed support for Federal Reserve Chairman Powell's plan—that if Powell's successor is not confirmed by the Senate by the end of his term in May, he will temporarily remain in the position of Fed Chairman. Hassett stated on Wednesday, 'I think this is an appropriate legal interpretation.' Trump has nominated Waller to succeed Powell, but Republicans currently do not have enough votes to move the nomination from the Senate Banking Committee to the Senate for a confirmation vote. Republican Senator Thom Tillis indicated that he would delay the vote until the Justice Department halts its so-called 'false' investigation into the cost overruns of the Fed building renovation project. In discussing Waller, Hassett remarked, 'We are very confident he will become Chairman at the appropriate time. I believe there will be discussions on how to proceed.'