Newsmax soars as $67 mn Dominion settlement fuels retail optimism
Newsmax shares jumped after settling Dominion's defamation suit for $67 million, with payments spread over two years. Retail sentiment hit "extremely bullish" as message volume surged 6,000%. The stock, up 40% from its $10 IPO, remains volatile ahead of Tuesday's earnings. Comparisons were drawn to Fox News' $787.5 million Dominion settlement in 2023.