Global markets are tense as investors await President Donald Trump's much-anticipated "Liberation Day" tariff announcement.

Newsmax shares plunge nearly 80 percent after wild ‘meme stock’ ride briefly valued it higher than Fox - A day after the MAGA channel’s stock price surged to $233, Newsmax shares plummeted 77.5 percent to $52.

Newsmax's shares closed with a more-than-eight-fold gain at $83.51 on Monday, partly buoyed by retail interest.

Shares of the conservative media outlet Newsmax (NYSE: NMAX) had sunk by nearly 50% as of 1:25 p.m. ET today. There was no obvious reason behind the move but the stock has traded like a meme stock since going public on Monday,

Newsmax debuted on the New York Stock Exchange on Monday and surged over 500% in the first few hours of trading, leading to nearly a dozen trading halts following its initial public offering, as its market cap surged to more than $5.5 billion.

Babcock & Wilcox's stock closed Tuesday at an all-time low 46 cents per share. On quarterly earnings call, executives discuss looming debt deadlines.

Equity Stock Transfer congratulates Chris Ruddy and Newsmax on this milestone and thanks the team at Digital Offering and Vinyl Equity for their assistance in processing the transfers. Equity Stock Transfer through its relationship with Vinyl Equity helped achieve this success using custom systems software jointly developed to service large private offerings which utilize general solicitation and advertising for investors as allowed under the Jobs Act and Regulation D under the Securities Act of 1933.

Key TakeawaysThe New York Stock Exchange launched its Texas exchange with its first listing by Trump Media & Technology Group.President Lynn Martin explained that the move would give companies the ability to capitalize on the "pro-business dynamics" in the Lone Star State.