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Tag: stock-trading ✕

Trump Discloses More Than 1,000 Stock Trades in a Single Month — Including Oil Companies Made Richer by the War He Started — and Joint Economic Committee Democrats Put His Gain at $15.5 Million

Two disclosures landed a few days apart in late August 2026 and, read together, put a number on what the Iran war has been worth to the president's own portfolio. On Aug. 24, Democrats on Congress's Joint Economic Committee, led by ranking member Maggie Hassan, reported that President Trump's oil and gas holdings had risen roughly 39 percent through Aug. 17 — a gain of as much as $15.5 million — putting their estimated value between $17.2 million and $61.1 million. The committee also found he had bought up to $3.6 million in additional oil and gas stock in the first three months of 2026, the quarter the war began. Then on Aug. 27 a periodic transaction report showed more than 1,000 individual trades in June alone, an average of over 30 a day, worth between $78 million and $263 million. Among them were repeated trades in companies directly exposed to the war: two sales and a purchase of ExxonMobil, three sales of ConocoPhillips, a sale of Valero Energy, and a purchase of Occidental Petroleum. Reporters also flagged the timing of trades outside energy, including a Boeing purchase on the day the Navy awarded the company an $880 million contract and an ExxonMobil sale on the day Trump declared a ceasefire. The White House says the president has no hand in any of it: spokesman Davis Ingle said the portfolio is run by outside institutions through computer-driven model portfolios replicating indexes such as the Schwab 1000. The disclosures land ten weeks before the midterms and alongside a separate demand from Sens. Elizabeth Warren and Rep. Robert Garcia that Trump name the managers behind his accounts.

“Trump's only focus is enriching himself at the expense of the American people.”

Kirsten Gillibrand (D-NY) · Aug 27, 2026
ethics
stock-trading
iran-war
4 statements

Warren and Garcia Demand Trump Name the Managers Behind 21,000 Stock Trades and Explain Purchases That Preceded His Own Policy Announcements

On August 12, 2026, Sen. Elizabeth Warren (D-Mass.) and Rep. Robert Garcia (D-Calif.) sent President Trump a 17-page letter — first reported by CNBC on August 13 — demanding he identify the money managers he says control his investment accounts and explain dozens of stock trades that lined up with official government actions or market-moving presidential statements. The letter covers more than 21,000 trades reported in 2025 and roughly 3,500 more in the first quarter of 2026 alone, an average of about 50 trades every day markets were open. Warren and Garcia asked Trump to list "all third-party institutions and managers that direct your trades," explain how they were selected, what mandate they were given, and what investment processes they follow. They flagged 15 instances they characterized as Trump buying into a company shortly before an official announcement favorable to it — including purchases of Nvidia and Advanced Micro Devices on January 6, a week before the administration loosened chip export controls affecting sales to China, and a February 10 purchase of between $1 million and $5 million in Axon Enterprises, the Taser manufacturer, two weeks before ICE announced a $220 million Taser contract. The New York Times has reported there is no indication Trump holds a true blind trust; the lawmakers pressed that point, noting Trump personally signed a financial disclosure certifying his awareness of thousands of individual stock transactions. The White House dismissed the inquiry. Eric Trump said the president's holdings are held in fully discretionary accounts run by independent third-party institutions using automated, model-based portfolios, and the Trump Organization called the letter "just another baseless political stunt." Warren and Garcia set an August 28 deadline for a response.

“the same, tired narrative that Democrats have pushed against President Trump, his family, and his administration for a decade”

Anna Kelly (R) · Aug 13, 2026
ethics
conflicts-of-interest
stock-trading
5 statements

House Passes Stock Trading Restrictions 232-198, but Exempts the President

On July 22, 2026, the House passed the Stop Insider Trading Act 232-198, with 13 Democrats joining Republicans. The bill bars members of Congress, their spouses and dependent children from buying individual publicly traded stocks, and requires public notice 7 to 14 days before any covered sale, published online by the Clerk of the House or Secretary of the Senate. Lawmakers may keep stocks they owned before entering Congress, may still buy private stock, and may hold certain investment funds. Most House Democrats voted no, objecting that the measure stops short of a full trading ban and exempts the president, vice president and cabinet — an exemption that drew particular attention given Trump's roughly 3,600 reported first-quarter trades. Republicans also attached a federal voter ID amendment, deepening the Democratic split. The bill's path in the Senate remains uncertain.

“I believe this is our opportunity where we can simply stop members of Congress from trading individual stocks. Period. Full stop.”

Bryan Steil (R-WI) · Jul 22, 2026
congress
ethics
stock-trading
5 statements