Richard Knowles & Associates

08/31/2026

08/31/2026

As we enter the often dangerous waters for stock markets in the transition from the 3rd to 4th quarters of the year, we have tensions building in the US midterm elections and with changes in US monetary policy raising concerns for corrections in both stock and bond markets. As such, we remain alert and defensive for our clients.

"What has transpired over the past couple of weeks involving the Federal Reserve, the Treasury Department, and the financial markets has been extremely important …and, in many ways has reinforced concerns that we have had for some time," Miller Tabak chief strategist Matt Maley wrote in a note.

Maley added, "The stock market and the bond market have been relying on (US government) artificial stimulus and policy support for much too long. After more than 15 years of extraordinarily easy monetary policy, … quantitative easing and other forms of intervention, … the financial system appears to have reached a point where it can no longer stand entirely on its own."

08/11/2026

WOW. From the article: “Through leaked documents, the Guardian has learned that ES Family Trust operated like a shell company for a Russian-American businessman named Anton Postolnikov, who co-owns Paxum Bank and has been a subject of a years-long joint federal criminal investigation by the FBI and the Department of Homeland Security (DHS) into the Trump Media merger.” Follow for updates

08/11/2026

His crypto and gambling company are crashing and burning. And like his other fraud failed businesses like Trump University and his casino, his investors suffer. I'll pass on his book thanks.

Trump Media Reports $238 Million Loss in Q2 and Announces Major Business Turnaround Plan. Company will exit cr*pto and b*tting ventures to refocus on Truth Social and new Truth API service for investors.

Trump Media & Technology, the company behind Truth Social platform, reported a massive quarterly loss of $238 million for the second quarter ending in June 2026. According to the official earnings report, this loss is more than 10 times higher than the same period last year, with per-share loss rising from 8 cents to 86 cents. The company said most of the damage came from unrealized paper losses on its Bitcoin and Cronos crypt* holdings. After the earnings report, Trump Media stock fell 8% in regular trading and slightly more in after-hours trading.

New CEO Kevin McGurn said in the earnings call that the company will now make a disciplined pivot and largely abandon its one-year expansion into industries like online bet*ng and crypt*. The new business strategy is to focus resources on its core social media mission, including the Truth API service which offers licensed real-time public data access to Wall Street trading firms. However, the company confirmed that its previously announced merger with energy company TAE Technologies for nuclear fusion business will continue and is expected to close by the end of the year.

References: AP News, Yahoo Finance

08/11/2026

https://finance.yahoo.com/markets/stocks/articles/trump-media-company-announces-massive-224312674.html

The president's media company posted a massive loss in the second quarter and announced plans to ditch new business lines and refocus as a forum for users to post their views. Trump Media & Technology, the company behind the Truth Social platform, said Monday that it lost $238 million in the three m...