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Tito Jackson, Michael’s brother and member of Jackson 5, dies at 70, sons say
Tito Jackson, one of the brothers who made up the beloved pop group the Jackson 5, has died at age 70, his sons say.
Tito was the third of nine Jackson children, which include global superstars Michael and sister Janet, part of a music-making family whose songs are still beloved today.
“It’s with heavy hearts that we announce that our beloved father, Rock & Roll Hall of Famer Tito Jackson is no longer with us. We are shocked, saddened and heartbroken. Our father was an incredible man who cared about everyone and their well-being,” his sons TJ, Taj and Taryll said in a statement posted on Instagram and Facebook late Sunday.
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Jackson’s death was first reported by “Entertainment Tonight,” which said in a social media post that, “Steve Manning, a longtime Jackson family friend and former Jackson family manager, tells ET that Tito passed away today. While an official cause of death has not yet been determined, Manning believes that Tito suffered a heart attack while driving from New Mexico to Oklahoma.”
The Jackson 5 included brothers Jackie, Tito, Jermaine, Marlon and Michael. The family group, which was inducted into the Rock & Roll Hall of Fame in 1997, produced several No. 1 hits in the 1970s including “ABC,” “I Want You Back” and “I’ll Be There.”
The Jackson 5 became one of the biggest names in music under the guidance of their father, Joe Jackson, a steelworker and guitar player who supported his wife and nine children in Gary, Indiana. As the family’s music careers took off, they relocated to California.
Born on Oct. 15, 1953, Toriano Adaryll “Tito” Jackson was the least-heard member of the group as a background singer who played guitar. His brothers launched solo careers, including Michael, who became one of the world’s biggest performers and came to be known as The King of Pop.
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Michael Jackson died at age 50 on June 25, 2009.
Speaking to The Associated Press in December 2009, Tito Jackson said his younger brother’s death pulled the family closer together.
“I would say definitely it brought us a step closer to each other. To recognize that the love we have for each other when one of us is not here, what a great loss,” he said, adding he would personally never “be at peace with it.”
“There’s still moments when I just can’t believe it. So I think that’s never going to go away,” he said.
In 2014, Tito Jackson said he and his brothers still felt Michael Jackson’s absence in their shows, which continued with international tours.
“I don’t think we will ever get used to performing without him. He’s dearly missed,” he said, noting that his spirit “is with us when we are performing. It gives us a lot of positive energy and puts a lot of smiles on our faces.”
Days before his death, Tito Jackson posted a message on his Facebook page from Munich, Germany, on Sept. 11, where he visited a memorial to Michael Jackson with his brothers.
“Before our show in Munich, my brothers Jackie, Marlon, and I, visited the beautiful memorial dedicated to our beloved brother, Michael Jackson. We’re deeply grateful for this special place that honors not only his memory but also our shared legacy. Thank you for keeping his spirit alive,” he wrote.
Tito Jackson was the last of the nine Jackson siblings to release a solo project, with his 2016 debut, “Tito Time.” He released a song in 2017, “One Way Street,” and told the AP in 2019 that he was working on a sophomore album.
Jackson said he purposely held back from pursuing a solo career because he wanted to focus on raising his three sons, who formed their own music group, 3T. Tito Jackson’s website offers a link to a single featuring 3T and Stevie Wonder titled, “Love One Another.”
Tito Jackson also is survived by his brothers Jermaine, Randy, Marlon and Jackie, his sisters Janet, Rebbie and Latoya and their mother, Katherine. Their father died in 2018.
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Former President Donald Trump, the biggest shareholder in Trump Media & Technology Group, and other insiders at the Truth Social owner, can finally sell their stakes in the business — just as shares of the stock hit a new low.
Until today, Trump and other insiders have been unable to sell their stakes, even as the shares enjoyed an initial surge after the company’s public offering in March, providing the company a valuation of more than $9.4 billion.
That’s because of a so-called lock-up period during which time Trump and other insiders have been unable to sell. Such agreements are common with initial stock sales and are designed to keep executives from immediately selling, thereby flooding the market with available shares and causing a stock to tumble.
Despite its early stock market gains, Trump Media — which trades under the ticker DJT, the same letters as Trump’s initials — has had a largely bumpy reception from Wall Street.
That path became even rockier on Thursday with DJT shares tumbling 92 cents, or 5.9%, to $14.70, representing a new low for the stock. The lock-up period for Trump and other insiders expired at the end of the trading day, or 4 p.m. Eastern time on September 19.
The slide, which comes even as the market rallied on optimism after the Federal Reserve’s jumbo rate cut, represents an 81% decline from its March high of $79.38.
The lock-up’s expiration now provides Trump and other insiders with a chance to cash out. In Trump’s case, his holdings are worth $1.7 billion — a sizable fortune, yet a far cry from its $6 billion value soon after the company went public.
That slump might not matter to Trump, however, as the former president recently vowed he has “absolutely no intention of selling” his almost 60% stake in the business. But other insiders might be tempted to sell now that the lock-up has ended, with those shareholders ranging from company executives to former “Apprentice” contestants who were earlier involved in the social media business.
Those insiders together own more than 20 million shares, according to the New York Times.
Trump Media & Technology Group didn’t immediately respond to a request for comment.
“I’m going to buy more”
Trump Media & Technology Group has attracted thousands of small investors who bought shares as a way to express support for the former president. On Thursday, as the stock sank to a new low, some took to Truth Social to urge the stock upward and profess their faith that DJT shares will see better days.
“I’m going to buy more,” one member of the DJT stock group on Truth Social wrote Thursday. “Prices are ridiculously low … even though I realize nothing is going to happen until Donald J. Trump is back in office.”
Shares of DJT have swung wildly based on news about Trump, as well as the perception of his standing in the presidential race against Vice President Kamala Harris. For instance, after Trump survived an assassination attempt in July, the stock soared 32% as investors recalculated his odds of winning in November.
Since Harris entered the race on July 21, replacing President Joe Biden, Trump Media shares have shed 58% of their value.
That has prompted some analysts to compare DJT to a meme stock, or companies that trade on social media buzz instead of traditional financial measures such as revenue growth and profitability.
Trump, meanwhile, said that he didn’t create Trump Media or Truth Social for the money.
“I did it because I really wanted to have a strong voice,” he said last week. “As long as my voice is on there, it’s going to always be good.”
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Interest rates are falling and could fall again in the months to come.
That was the big economic news this week after the Federal Reserve issued its first cut to the federal funds rate in more than four years. Borrowers saddled with higher rates on everything from personal loans to mortgages can potentially see some economic relief now. But what should investors do in this changing rate climate?
In recent years the clear answer has been to invest in alternative assets like gold.
That made sense due to the precious metal’s ability to hedge against inflation and diversify portfolios. As such, gold investing hit an 11-year high last September. But is this still the right move now as interest rates fall, particularly for those leaning toward buying gold bars and coins? Below, we’ll break down why it could still be a smart move even in today’s changing rate climate.
Explore your top options and get started with gold investing today.
Should you buy gold bars and coins as interest rates fall?
In short, gold bars and coins are a good investment in most markets, even in the current cooling rate climate. Here’s why they’re still worth buying now:
A rising price
It’s always smart to get invested in a growing asset before it becomes out of reach. And right now is the time to do so with gold. The price of gold has broken numerous price records so far in 2024, surging past the original $2,063.73 per ounce it started at in January to close to $2,600 per ounce now. And many experts are predicting a rise past $3,000 per ounce soon. With the price of the precious metal largely unaffected in the 24 hours after the first rate cut of 2024 was issued, it makes sense to buy in now before the price becomes prohibitive.
You may be able to get a discount if you buy gold in bulk now.
A tangible asset
Gold bars and coins are unlike most other investments in that they’re tangible and can be viewed, held, stored and inspected by investors. This is a distinct advantage in today’s climate as stocks, bonds and real estate all react in different ways to cooling rates. Gold bars and coins, however, will be easy to store and easy to sell (or buy more of). While those other assets come with their complexities, gold bars and coins offer investors simplicity at a time when it’s arguably most needed.
Portfolio diversification
It’s too early to determine with any specificity what this week’s rate cuts will do to your other investments – or what additional cuts could do in the months to come. In times like these, portfolio diversification becomes particularly important. Gold bars and coins can help as they tend to maintain their value and even rise as economic uncertainty grows. Combined with today’s geopolitical tensions, a U.S. presidential election at home and unforeseen consequences of this week’s rate cuts, it makes sense to diversify your portfolio now. Just be sure that if you’re doing it with gold to not surpass the recommend 10% threshold.
The bottom line
While gold investing has been a smart choice for many in the inflationary years of 2022 to 2024, the economy hasn’t changed so dramatically that it’s not still worth investing in today, particularly via gold bars and coins. By choosing this gold type now investors could position themselves to profit from quick price growth ahead and they’ll do it with a tangible asset that they have easy access to. And by investing in this type of metal today, they’ll diversify their porftolio ahead of what could be a series of cuts and market adjustments to come.
Have more questions? Learn more about investing in gold here now.