Word: trumping
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...Donald Trump could not resist crowing. The flamboyant Manhattan real estate developer confided to journalists last week that he had foreseen the end of the long bull market in August, when the Dow Jones industrial average neared its peak of 2722. Trump, 41, had accordingly cashed in the bulk of his stock holdings, some $500 million worth of shares in Allegis, Holiday Inns, Bally Recreation and other companies. As Black Monday loomed for less fortunate investors, the tycoon claimed he had made a net profit of some $200 million. Now, Trump declared, he intended to "stay in cash...
...Trump and Cafazza were among the thousands of U.S. investors, big and small, who beat the odds and emerged as winners in the midst of the stock market's bloodletting. Some of those players, like Trump, had sensed the big drop coming and took their profits before that climactic moment. Others, like Cafazza, in effect bet on the market plunge by making investments that rise in value when stock prices crumble -- either through options trading or a practice known as short selling. Yet another group of investors swooped aggressively into bargain-basement stock buying on Tuesday, after the Dow took...
...Nabila is not for ordinary billionaires. This gilded 282-ft. yacht marks its owner as reigning king of the big spenders. And who might that be now? Last week it was confirmed that the new skipper is Donald Trump, 41, the Manhattan skyscraper builder and casino czar. Trump paid nearly $30 million for the liner, which contains 15 suites, a disco, pool, helipad and 296 phones...
Whether slapping his name on skyscrapers or feuding with New York City Mayor Ed Koch, Developer Donald Trump captures attention. So when the boyish-looking billionaire spent $94,801 on full-page newspaper ads last week to sound off about the Persian Gulf, political observers took notice. Was Trump preparing a run for office...
...Trump's "open letter" ad read suspiciously like a stump speech. Calling for more "backbone" in U.S. foreign policy, the statement urged that Japan and Saudi Arabia be required to pay for the U.S. defense of the gulf. Trump, 41, disavowed any political ambitions. "I have no intention of running for President," he said. But he has plans to speak in New Hampshire, where a Republican activist is organizing a "Draft Trump" campaign...