A destination for political conservatives, the Boca Raton, Fla.-based news operation surges after its initial public offering.

Hoping to replicate, if not challenge, Fox Corporation, Newsmax went public this week. The Trump-friendly cable TV network raised $75mn. On Tuesday, its shares surged from its listing price of $10 to $233, implying a market capitalisation of $30bn.

Liberation day, they call it, right? The reciprocal tariffs go into effect April 2, not April Fools, but today, April 2. Yes, there's all kinds of consternation and worry about this pretty bold step.

The company later saw a sharp correction, plunging 79% on its third day as a publicly traded stock. It has now caught the attention of bearish investors, who are betting against its future performance

Conservative cable network Newsmax (NYSE:NMAX) exploded onto the public markets on Monday, closing at $83.51—up a staggering 735% from its $10

Investors spooked by Trump's reciprocal tariff policy continued a selloff at the market open Thursday with the Dow plunging 1,400 points.

Shares in Newsmax, the cable TV news outlet known for its sympathetic coverage of Donald Trump, soared more than 700% on their first day of trading.

The MAGA cable channel Newsmax was briefly worth $30 billion this week before its share prices tumbled by 80 percent three days after its market debut. The company briefly had a market cap of $30 billion,