Denver Leaders Reject Justice Department's Demand That City Repeal 'Assault Weapons' Ban Authored by Michael Clements via The Epoch Times, Denver is refusing to repeal its 37-year-old ban on certain types of firearms known as “assault weapons.” Harmeet Dhillon, assistant attorney general for the Justice Department’s Civil Rights Division, sent a demand letter on April 28 to Denver Mayor Mike Johns...
Denver Leaders Reject Justice Department's Demand That City Repeal 'Assault Weapons' Ban Authored by Michael Clements via The Epoch Times, Denver is refusing to repeal its 37-year-old ban on certain types of firearms known as “assault weapons.” Harmeet Dhillon, assistant attorney general for the Justice Department’s Civil Rights Division, sent a demand letter on April 28 to Denver Mayor Mike Johnston and City Attorney Miko Brown, requesting the city repeal the ordinance, which has been in place since 1989. In a May 4 response letter, Brown stated that the ordinance has withstood legal challenges, kept violent crime low, and was democratically enacted. Brown wrote that while Denver may consider various strategies to keep citizens safe, “Reversing a common-sense ban that has worked for 37 years and bringing assault weapons back into the City’s neighborhoods is not one of them.” Johnston reiterated that sentiment in a statement released that same day. “Denver’s law has stood for 37 years because it works, it saves lives, and it reflects the values of our community. No demand or lawsuit from Washington is going to change that,” Johnston said. The ordinance—Denver Revised Municipal Code Section 38-121(c)—prohibits carrying, storing, keeping, manufacturing, selling, or possessing an assault weapon. Denver Mayor Mike Johnston testifies before the Committee on Oversight and Government Reform on Capitol Hill on March 5, 2025. Madalina Vasiliu/The Epoch Times The ordinance defines an assault weapon as “any semiautomatic pistol or centerfire rifle, either of which have a fixed or detachable magazine with a capacity of more than fifteen (15) rounds, and any semiautomatic shotgun with a folding stock or a magazine capacity of more than six (6) rounds or both.” The definition includes firearms that have been modified to have these features to function as an assault weapon. Dhillon wrote that the U.S. Supreme Court held in D.C. v. Heller that the Second Amendment secures “the righ...
Market Snapshot USD/INR ₹94.61 -0.7% Nifty 50 Index 24,330.95 +1.2% India 10-Year Bond Yield 6.91% -0.11 Spot Gold ($/oz) $4,701.94 +0.2% S&P 500 Futures 7,384.25 -0.1% Market data as of 08:03 AM IST, May. 7, 2026, or the previous close for Indian markets. Data is subject to provider delays. Good morning... I’m Savio Shetty in Mumbai, and here’s what you need to know before Thursday’s trading begi...
Market Snapshot USD/INR ₹94.61 -0.7% Nifty 50 Index 24,330.95 +1.2% India 10-Year Bond Yield 6.91% -0.11 Spot Gold ($/oz) $4,701.94 +0.2% S&P 500 Futures 7,384.25 -0.1% Market data as of 08:03 AM IST, May. 7, 2026, or the previous close for Indian markets. Data is subject to provider delays. Good morning... I’m Savio Shetty in Mumbai, and here’s what you need to know before Thursday’s trading begins. Asia’s stock benchmark has climbed to another record as optimism grows that the US and Iran are nearing a deal to end the war, easing concerns over oil prices . For Indian equities — which have joined the recent global rally but lagged regional peers by a wide margin — the latest earnings season could provide the catalyst investors have been waiting for. There are already signs the rebound is broadening: a gauge of small-cap shares has slipped back into bull-market territory. Traders will now look to results from Britannia Industries, Lupin, Dabur and Biocon on Thursday for fresh momentum. In today’s newsletter, we write about: Resilient demand supporting earnings A Covid-era tailwind for banks Geopolitical tensions clouding hospitality But first, a quick read on the currency market. Markets Buzz: Reserve Rebuild Looms The rupee posted its biggest gain in over a month on Wednesday on hopes that the US and Iran are nearing a peace deal. Still, there’s little reason to turn bullish, with the RBI likely to rebuild reserves at every opportunity. The authority bought $7.4 billion in February — the most since March 2025 — to absorb $3.8 billion of foreign inflows after the US trade deal. Even then, it let the currency recover just 1.1% during the month, following a drop of more than 8% over the preceding nine months. This suggests the bar for dollar buying is low, limiting the scope for any sustained rupee rally even if foreign inflows pick up again. Three Things to Start Your Day Resilient demand lifts earnings mood The results season is shaping up as a silver lining for the...
Hong Kong stocks jumped on Thursday, led by technology shares, as easing tensions in the Middle East and a drop in oil prices boosted sentiment after overnight gains on Wall Street. The benchmark Hang Seng Index opened 1.2 per cent, or 317 points, higher at 26,531, recovering the 26,500 level, while the Hang Seng Tech Index gained 2.4 per cent to 5,089. Tech heavyweights led gains, with Alibaba Gr...
Hong Kong stocks jumped on Thursday, led by technology shares, as easing tensions in the Middle East and a drop in oil prices boosted sentiment after overnight gains on Wall Street. The benchmark Hang Seng Index opened 1.2 per cent, or 317 points, higher at 26,531, recovering the 26,500 level, while the Hang Seng Tech Index gained 2.4 per cent to 5,089. Tech heavyweights led gains, with Alibaba Group Holding rising nearly 4 per cent and Baidu advancing almost 5 per cent. Oil producers fell as...
Earnings Call Insights: TriplePoint Venture Growth BDC Corp. (TPVG) Q1 2026 Management view "During the first quarter, we continued to take steps to position TPVG to strengthen its portfolio while maintaining our long-term emphasis on increasing its durability, income-generating assets and NAV to create enduring shareholder value." (Co-Founder, Chairman & Co-CEO James Labe) "We generated NII of $0...
Earnings Call Insights: TriplePoint Venture Growth BDC Corp. (TPVG) Q1 2026 Management view "During the first quarter, we continued to take steps to position TPVG to strengthen its portfolio while maintaining our long-term emphasis on increasing its durability, income-generating assets and NAV to create enduring shareholder value." (Co-Founder, Chairman & Co-CEO James Labe) "We generated NII of $0.23 per share, covering our dividend and funded more than $26 million in debt investments within our guided range." (Co-Founder, Chairman & Co-CEO Labe) "For the quarter, our weighted average annualized portfolio yield increased to 13.5% compared to 12.7% in the previous quarter." (Co-Founder, Chairman & Co-CEO Labe) "The Board of TPVG has authorized a discretionary 12-month share buyback program of up to $12.5 million." (Co-Founder, Chairman & Co-CEO Labe) "Given the refinancing of our $200 million term debt tranche, where we elected to reduce our outstanding term debt and lean into our revolver as well as the current level of unfunded commitments, our adviser allocated $1 million in new commitments with 2 companies to TPVG as compared to $90 million of new commitments to 12 companies in Q4." (Co-Founder, President, Co-CEO Sajal Srivastava) "Total investment and other income for the first quarter was $22.8 million." (CFO Mike Wilhelms) Outlook "Our quarterly target for new fundings continues to be in the $25 million to $50 million range for 2026." (Co-Founder, President, Co-CEO Srivastava) "We expect to increase our allocation of new commitments as unfunded commitments expire and as we receive prepayments and repayment over the rest of the year." (Co-Founder, President, Co-CEO Srivastava) "As a result, we expect the impact of any further interest rate reductions on our net investment income to be limited, particularly as lower base rates would also reduce interest expense on our floating rate borrowings under the revolving credit facility." (CFO Wilhelms) Prior-quarter man...
South Korean stocks are set for a further boost as Interactive Brokers Group Inc. gives US retail investors direct access to the world’s hottest market. “Eligible clients worldwide can now access Korean equities with same-day account enablement, real-time execution, and transparent institutional-grade pricing,” according to a statement by IBKR, which added that it’s the first major US-based broker...
South Korean stocks are set for a further boost as Interactive Brokers Group Inc. gives US retail investors direct access to the world’s hottest market. “Eligible clients worldwide can now access Korean equities with same-day account enablement, real-time execution, and transparent institutional-grade pricing,” according to a statement by IBKR, which added that it’s the first major US-based broker to offer such a service. The launch is expected to draw renewed inflows from US individual investors, who until now have gained exposure to the market through exchange-traded funds listed in New York, or the limited number of American Depositary Receipts issued by Korean companies. Global investors plowed near-record sums into stocks on the benchmark Kospi earlier this week, when the access via IBKR was in a trial stage. “IBKR’s opening of Korean stock trade was a big topic among family offices and high nets at Berkshire AGM during the weekend ,” said Chan H. Lee , a managing partner at hedge fund Petra Capital Management in Seoul. “Many of them were excited about the opportunity to go direct in Korea.” Korea’s stock rally has extended in 2026, with the benchmark Kospi Index up more than 75% so far — the world’s best among major markets and close to surpassing last year’s epic gain. Chipmakers Samsung Electronics Co. and SK Hynix Inc. have led the charge, while foreign investors are also revisiting companies across power, defense, and shipbuilding sectors to capitalize on Korea’s industrial competitiveness. Read: Korea Surpasses Canada as World’s Seventh-Largest Stock Market The rally has set a series of milestones, most recently making Korea the world’s seventh-largest market as it surpassed Canada, after earlier powering past the United Kingdom, France and Germany.
FEATURE Revisiting past stock picks matters because it keeps the process honest and helps improve it over time. Looking back at what worked and what didn’t provides insight into where decisions were right or off track.
FEATURE Revisiting past stock picks matters because it keeps the process honest and helps improve it over time. Looking back at what worked and what didn’t provides insight into where decisions were right or off track.