Politics
Marjorie Taylor Greene Bought Market Dip Before Trump Paused Tariffs, Profiting From the Rally
Representative Marjorie Taylor Greene, Republican of Georgia, disclosed on Monday that she had purchased between tens and hundreds of thousands of dollars worth of stock on April 8 and 9, the day before and the day of President Trump’s announcement that he was pausing a sweeping set of global tariffs, a pivot that sent the stock market soaring out of a sizable slump.
Ms. Greene bought between about $21,000 and $315,000 in stocks on those days. The day before Mr. Trump’s move, she also dumped between $50,000 and $100,000 in Treasury bills, according to required public disclosures made to the House.
The report came as Democrats in Congress have demanded investigations of whether the president’s whipsawing moves on trade might have been aimed at manipulating the market and giving his allies a lucrative opportunity for insider trading.
Members of Congress are required to report their stock trades within 30 days of making them, though they only have to mark down broad ranges rather than specific dollar amounts. Ms. Greene’s April 8 and 9 trades — 21 each in the range of $1,001 to $15,000 — are some of the first among members of Congress that will be reported over the coming month as lawmakers detail their financial moves around the time the president encouraged people to buy the dip ahead of his pause on tariffs.
“THIS IS A GREAT TIME TO BUY!!!” Mr. Trump wrote on social media the morning of April 9. About four hours later, he said he was pausing most tariffs on every country except China, an announcement that resulted in massive one-day gains in stocks.
Ms. Greene, one of Mr. Trump’s most loyal allies in the House and an active stock trader, appeared to heed the advice, making an unusually large volume of stock purchases. That day, she bought stock in several companies, including Apple, which has since gone up in value by about 5 percent. She also bought stock in other technology companies, as well as energy firms such as Devon Energy Corporation and the pharmaceutical giant Merck & Company, according to her public disclosures.
The day before, she purchased stock in Palantir, whose value has since gone up 19 percent, and in Advanced Micro Devices, Inc., whose stock has since risen 21 percent. She also sold the Treasury bills as government bond yields were rising amid the tariff chaos, (Ms. Greene had previously purchased up to $500,000 in Treasuries before April 2, when Mr. Trump announced his most expansive tariffs to date.)
Ms. Greene, who is the chairwoman of the DOGE subcommittee of the House Oversight Committee, did not respond to a request for comment. When her stock trades were examined in the past, she told The Atlanta-Journal Constitution that she relies on a financial adviser to trade on her behalf and does not have input on which companies are being traded, or when.
Lawmakers in both parties have long championed legislation to ban individual stock trading by members of Congress as a way to appeal to growing populist sentiment among constituents.
The tumult in the stock market caused by Mr. Trump’s erratic moves on tariffs has led Democrats to question who is gaining financially because of it. Ms. Greene is not alone in appearing to have capitalized on the market volatility.
Representative Rob Bresnahan, a Pennsylvania Republican who has emerged as one of the most active stock traders in the freshman class despite saying during his campaign that he wanted to ban congressional stock trading, also appears to have profited from Mr. Trump’s tariffs.
Mr. Bresnahan sold up to $50,000 in Alibaba stock on March 4, the same day Mr. Trump doubled the tariff on Chinese imports to 20 percent. Alibaba is an e-commerce giant with close ties to the Chinese Communist Party. The stock price rose by about 30 percent between Mr. Bresnahan’s initial purchase and his final sale.
A spokeswoman for Mr. Bresnahan said that he relies on a financial adviser to trade stocks for him, and never knows about the trades before they happen or when they occur. The Alibaba trade, she said, was part of a larger strategic stock package. When it was reported in his disclosure, Mr. Bresnahan’s team put in guardrails so that he would not be able to trade that stock again.
While there has been no evidence of insider trading, Democrats have zeroed in on the potential for malfeasance as a way to attack Mr. Trump’s tariff moves and suggest that he and his friends are exploiting decisions that have hurt ordinary people.
“It is unconscionable that as American families are concerned about their financial security during this economic crisis entirely manufactured by the president, insiders may have actively profited from the market volatility and potentially perpetrated financial fraud on the American public,” a group of Democrats led by Senators Adam Schiff of California and Ruben Gallego of Arizona wrote in a letter last week to Paul Atkins, the chairman of the Securities and Exchange Commission.
In the letter, they demanded that Mr. Atkins open an investigation to determine whether Mr. Trump or any “insiders” had engaged in insider trading or other securities law violations.
Separately, Representative Alexandria Ocasio-Cortez, Democrat of New York, wrote in a fund-raising appeal on April 11 that “any member of Congress who purchased stocks in the last 48 hours should probably disclose that now,” after Nasdaq call volume spiked ahead of Mr. Trump’s announcement. Ms. Ocasio-Cortez has been a longtime proponent of legislation to ban stock trading for members of Congress.
Politics
Dems’ potential 2028 hopefuls come out against US strikes on Iran
NEWYou can now listen to Fox News articles!
Some of the top rumored Democratic potential candidates for president in 2028 are showing a united front in opposing U.S. strikes on Iran, with several high-profile figures accusing President Donald Trump of launching an unnecessary and unconstitutional war.
Former Vice President Kamala Harris said Trump was “dragging the United States into a war the American people do not want.”
“Let me be clear: I am opposed to a regime-change war in Iran, and our troops are being put in harm’s way for the sake of Trump’s war of choice,” Harris said in a statement Saturday following the joint U.S. and Israeli strikes throughout Iran.
“This is a dangerous and unnecessary gamble with American lives that also jeopardizes stability in the region and our standing in the world,” she continued. “What we are witnessing is not strength. It is recklessness dressed up as resolve.”
Former Vice President Kamala Harris, Rep. Alexandria Ocasio-Cortez and California Gov. Gavin Newsom are leading Democratic 2028 hopefuls who spoke out against U.S. strikes on Iran. (Big Event Media/Getty Images for HumanX Conference; Reuters/Liesa Johannssen; Mario Tama/Getty Images)
California Gov. Gavin Newsom delivered some of his sharpest criticism during a book tour stop Saturday night in San Francisco, accusing Trump of manufacturing a crisis.
“It stems from weakness masquerading as strength,” Newsom said. “He lied to you. So reckless is the only way to describe this.”
“He didn’t describe to the American people what the endgame is here,” Newsom added. “There wasn’t one. He manufactured it.”
Newsom is currently promoting his memoir, “Young Man in a Hurry,” with recent and upcoming stops in South Carolina, New Hampshire and Nevada — three key early voting states in the Democratic presidential calendar.
Earlier in the day, Newsom said Iran’s “corrupt and repressive” regime must never obtain nuclear weapons and that the “leadership of Iran must go.”
“But that does not justify the President of the United States engaging in an illegal, dangerous war that will risk the lives of our American service members and our friends without justification to the American people,” Newsom wrote on X.
California is home to more than half of the roughly 400,000 Iranian immigrants in the United States, including a large community in West Los Angeles often referred to as “Tehrangeles.”
DEMOCRATS BUCK PARTY LEADERS TO DEFEND TRUMP’S ‘DECISIVE ACTION’ ON IRAN
Rep. Alexandria Ocasio-Cortez, D-N.Y., a leading progressive voice and “Squad” member, accused Trump of dragging Americans into a conflict they did not support.
“The American people are once again dragged into a war they did not want by a president who does not care about the long-term consequences of his actions. This war is unlawful. It is unnecessary. And it will be catastrophic,” Ocasio-Cortez said.
“Just this week, Iran and the United States were negotiating key measures that could have staved off war. The President walked away from these discussions and chose war instead,” she continued.
“In moments of war, our Constitution is unambiguous: Congress authorizes war. The President does not,” she said, pledging to vote “YES on Representatives Ro Khanna and Thomas Massie’s War Powers Resolution.”
Illinois Gov. JB Pritzker criticized the strikes and accused Trump of ignoring Congress. (Daniel Boczarski/Getty Images for Vox Media)
Illinois Gov. JB Pritzker, another Democrat often mentioned as a potential 2028 contender, also criticized the strikes and accused Trump of ignoring Congress.
“No justification, no authorization from Congress, and no clear objective,” Pritzker wrote on X.
“Donald Trump is once again sidestepping the Constitution and once again failing to explain why he’s taking us into another war,” he continued. “Americans asked for affordable housing and health care, not another potentially endless conflict.”
“God protect our troops,” Pritzker added.
Pennsylvania Gov. Josh Shapiro focused his criticism on war powers, arguing Trump acted outside constitutional guardrails.
“In our democracy, the American people — through our elected representatives — decide when our nation goes to war,” Shapiro said, adding that Trump “acted unilaterally — without Congressional approval.”
JONATHAN TURLEY: TRUMP STRIKES IRAN — PRECEDENT AND HISTORY ARE ON HIS SIDE
Pennsylvania Gov. Josh Shapiro focused his criticism on war powers, arguing Trump acted outside constitutional guardrails. (Rachel Wisniewski/Bloomberg via Getty Images)
“Make no mistake, the Iranian regime represses its own people… they must never be allowed to possess nuclear weapons,” he said. “But that does not justify the President of the United States engaging in an illegal, dangerous war.”
Shapiro added that “Congress must use all available power” to prevent further escalation.
Former Transportation Secretary Pete Buttigieg also accused Trump of launching a “war of choice.”
“The President has launched our nation and our great military into a war of choice, risking American lives and resources, ignoring American law, and endangering our allies and partners,” Buttigieg wrote on X. “This nation learned the hard way that an unnecessary war, with no plan for what comes next, can lead to years of chaos and put America in still greater danger.”
Buttigieg has been hitting early voting states, stopping in New Hampshire and Nevada in recent weeks to campaign for Democrats ahead of the 2026 midterm elections.
Sen. Ruben Gallego, D-Ariz., who has been floated as a rising national figure within the party, said he lost friends in Iraq to an illegal war and opposed the strikes.
CLICK HERE TO DOWNLOAD THE FOX NEWS APP
“Young working-class kids should not pay the ultimate price for regime change and a war that hasn’t been explained or justified to the American people. We can support the democracy movement and the Iranian people without sending our troops to die,” Gallego wrote on X.
Fox News’ Daniel Scully and Alex Nitzberg contributed to this report.
Politics
Commentary: With midterm vote starting, here’s where things stand in national redistricting fight
Donald Trump has never been one to play by the rules.
Whether it’s stiffing contractors as a real estate developer, defying court orders he doesn’t like as president or leveraging the Oval Office to vastly inflate his family’s fortune, Trump’s guiding principle can be distilled to a simple, unswerving calculation: What’s in it for me?
Trump is no student of history. He’s famously allergic to books. But he knows enough to know that midterm elections like the one in November have, with few exceptions, been ugly for the party holding the presidency.
With control of the House — and Trump’s virtually unchecked authority — dangling by a gossamer thread, he reckoned correctly that Republicans were all but certain to lose power this fall unless something unusual happened.
So he effectively broke the rules.
Normally, the redrawing of the country’s congressional districts takes place once every 10 years, following the census and accounting for population changes over the previous decade. Instead, Trump prevailed upon the Republican governor of Texas, Greg Abbott, to throw out the state’s political map and refashion congressional lines to wipe out Democrats and boost GOP chances of winning as many as five additional House seats.
The intention was to create a bit of breathing room, as Democrats need a gain of just three seats to seize control of the House.
In relatively short order, California’s Democratic governor, Gavin Newsom, responded with his own partisan gerrymander. He rallied voters to pass a tit-for-tat ballot measure, Proposition 50, which revised the state’s political map to wipe out Republicans and boost Democratic prospects of winning as many as five additional seats.
Then came the deluge.
In more than a dozen states, lawmakers looked at ways to tinker with their congressional maps to lift their candidates, stick it to the other party and gain House seats in November.
Some of those efforts continue, including in Virginia where, as in California, voters are being asked to amend the state Constitution to let majority Democrats redraw political lines ahead of the midterm. A special election is set for April 21.
But as the first ballots of 2026 are cast on Tuesday — in Arkansas, North Carolina and Texas — the broad contours of the House map have become clearer, along with the result of all those partisan machinations. The likely upshot is a nationwide partisan shift of fewer than a handful of seats.
The independent, nonpartisan Cook Political Report, which has a sterling decades-long record of election forecasting, said the most probable outcome is a wash. “At the end of the day,” said Erin Covey, who analyzes House races for the Cook Report, “this doesn’t really benefit either party in a real way.”
Well.
That was a lot of wasted time and energy.
Let’s take a quick spin through the map and the math, knowing that, of course, there are no election guarantees.
In Texas, for instance, new House districts were drawn assuming Latinos would back Republican candidates by the same large percentage they supported Trump in 2024. But that’s become much less certain, given the backlash against his draconian immigration enforcement policies; numerous polls show a significant falloff in Latino support for the president, which could hurt GOP candidates up and down the ballot.
But suppose Texas Republicans gain five seats as hoped for and California Democrats pick up the five seats they’ve hand-crafted. The result would be no net change.
Elsewhere, under the best case for each party, a gain of four Democratic House seats in Virginia would be offset by a gain of four Republican House seats in Florida.
That leaves a smattering of partisan gains here and there. A combined pickup of four or so Republican seats in Ohio, North Carolina and Missouri could be mostly offset by Democratic gains of a seat apiece in New York, Maryland and Utah.
(The latter is not a result of legislative high jinks, but rather a judge throwing out the gerrymandered map passed by Utah Republicans, who ignored a voter-approved ballot measure intended to prevent such heavy-handed partisanship. A newly created district, contained entirely within Democratic-leaning Salt Lake County, seems certain to go Democrats’ way in November.)
In short, it’s easy to characterize the political exertions of Trump, Abbott, Newsom and others as so much sound and fury producing, at bottom, little to nothing.
But that’s not necessarily so.
The campaign surrounding Proposition 50 delivered a huge political boost to Newsom, shoring up his standing with Democrats, significantly raising his profile across the country and, not least for his 2028 presidential hopes, helping the governor build a significant nationwide fundraising base.
In crimson-colored Indiana, Republicans refused to buckle under tremendous pressure from Trump, Vice President JD Vance and other party leaders, rejecting an effort to redraw the state’s congressional map and give the GOP a hold on all nine House seats. That showed even Trump’s Svengali-like hold on his party has its limits.
But the biggest impact is also the most corrosive.
By redrawing political lines to predetermine the outcome of House races, politicians rendered many of their voters irrelevant and obsolete. Millions of Democrats in Texas, Republicans in California and partisans in other states have been effectively disenfranchised, their voices rendered mute. Their ballots spindled and nullified.
In short, the politicians — starting with Trump — extended a big middle finger to a large portion of the American electorate.
Is it any wonder, then, so many voters hold politicians and our political system in contempt?
Politics
Mamdani’s response to Trump’s Iran strike sparks conservative backlash: ‘Rooting for the ayatollah’
NEWYou can now listen to Fox News articles!
New York City’s socialist Mayor Zohran Mamdani is facing blowback from conservatives on social media over his post condemning the U.S. attack on Iran that led to the killing of Iran’s supreme leader, Ayatollah Ali Khamenei.
On Saturday, as a joint strike on Iran by the United States and Israel was developing, Mamdani blasted the Trump administration’s decision in a post on X that has been viewed roughly 20 million times.
“Today’s military strikes on Iran — carried out by the United States and Israel — mark a catastrophic escalation in an illegal war of aggression,” Mamdani wrote.
“Bombing cities. Killing civilians. Opening a new theater of war. Americans do not want this. They do not want another war in pursuit of regime change.”
New York City Mayor Zohran Mamdani speaks to reporters during a news conference in New York Feb. 17, 2026. (AP Photo/Seth Wenig)
Mamdani said Americans prefer “relief from the affordability crisis” before speaking directly to Iranians in New York City.
“You are part of the fabric of this city — you are our neighbors, small business owners, students, artists, workers, and community leaders,” Mamdani said. “You will be safe here.”
The post was quickly slammed by conservatives on social media making the case that Mamdani’s response appeared sympathetic to Iran’s brutal regime and pointing to his lack of public reaction to the Iranian protesters killed in recent years.
“Comrade Mayor is rooting for the Ayatollah,” GOP Sen. Ted Cruz posted on X. “They can chant together.”
OBAMA OFFICIAL WHO BACKED IRAN DEAL SPARKS ONLINE OUTRAGE WITH REACTION TO TRUMP’S STRIKE: ‘SIT THIS ONE OUT’
“Do u say anything pro American ?” Fox News host Brian Kilmeade posted on X. “do u know any Iranians – ? they hate @fr_Khamenei they celebrate his death, you should be celebrating his death ! hes killed thousands of American’s and just killed 30k Iranians, did u even say a word about that? You are an embarrassment !! Please quit.”
Sen. Ted Cruz, R-Texas, questions Pam Bondi, President-elect Donald Trump’s nominee to be attorney general, during her Senate Judiciary Committee confirmation hearing in Hart building Jan. 15, 2025. (Tom Williams/CQ-Roll Call, Inc via Getty Images)
“I don’t feel safe in New York listening to someone like you, Mamdani, who sympathizes with the regime that killed more than 30,000 unarmed Iranians in less than 24 hours,” Iranian American journalist Masih Alinejad posted on X.
“We Iranians do not allow you to lecture us about war while you had nothing to say when the Islamic Republic shot schoolgirls and blinded more than 10,000 innocent people in the streets. You were busy celebrating the hijab while women of my beloved country Iran were jailed and raped by Islamic Security forces for removing it.
“And NOW you find your voice to defend the regime? No. I will not let you claim the moral high ground. The people of Iran want to be free. Where were you when they needed solidarity?”
CLICK HERE TO DOWNLOAD THE FOX NEWS APP
“How is it that you can’t differentiate between good and evil?” Billionaire hedge fund manager Bill Ackman posted on X. “Why is this so hard for you?”
“It takes a particular kind of audacity, or ignorance, for a city mayor to appoint himself the conscience of American foreign policy while his constituents step over garbage on their way to work,” GOP Rep. Nancy Mace posted on X. “History will not remember his bravery. It will not remember him at all.”
“Iranian New Yorkers are thrilled today and see right through you,” Republican New York City Councilwoman Vickie Paladino posted on X.
Bill Ackman, CEO of Pershing Square Capital Management LP, speaks during the WSJ D.Live global technology conference in Laguna Beach, Calif., Oct. 17, 2017. (Patrick Fallon/Bloomberg/Getty Images)
“When Kuwait, Saudi Arabia, Qatar, Turkey, UAE, Bahrain all support today’s operation eliminating world’s #1 sponsor of terror, but New York City’s Mayor @ZohranMamdani is shilling for Iran,” Republican New York City Councilwoman Inna Vernikov posted on X.
Fox News Digital reached out to Mamdani’s office for comment.
Shortly after Mamdani’s post, it was announced by President Trump and Israeli officials that the military operation resulted in Khamenei’s death.
Israeli leaders confirmed Khamenei’s compound and offices were reduced to rubble early Saturday after a targeted strike in downtown Tehran.
“Khamenei was the contemporary Middle East’s longest-serving autocrat. He did not get to be that way by being a gambler. Khamenei was an ideologue, but one who ruthlessly pursued the preservation and protection of his ideology, often taking two steps forward and one step back,” Behnam Ben Taleblu, senior director of FDD’s Iran program, told Fox News Digital.
-
World4 days agoExclusive: DeepSeek withholds latest AI model from US chipmakers including Nvidia, sources say
-
Massachusetts4 days agoMother and daughter injured in Taunton house explosion
-
Montana1 week ago2026 MHSA Montana Wrestling State Championship Brackets And Results – FloWrestling
-
Denver, CO4 days ago10 acres charred, 5 injured in Thornton grass fire, evacuation orders lifted
-
Louisiana6 days agoWildfire near Gum Swamp Road in Livingston Parish now under control; more than 200 acres burned
-
Technology1 week agoYouTube TV billing scam emails are hitting inboxes
-
Technology1 week agoStellantis is in a crisis of its own making
-
Politics1 week agoOpenAI didn’t contact police despite employees flagging mass shooter’s concerning chatbot interactions: REPORT