From DOJ To Ballot Box: The Rise Of Lawfare Candidates Authored by Julie Kelly via RealClearInvestigations , One of the beneficiaries of Virginia’s aggressive attempt to gerrymander the state for Democratic advantage could be a former federal prosecutor whose campaign for Congress hinges on his efforts to use the law to target President Trump and his supporters. When a slim majority of Virginia vo...
From DOJ To Ballot Box: The Rise Of Lawfare Candidates Authored by Julie Kelly via RealClearInvestigations , One of the beneficiaries of Virginia’s aggressive attempt to gerrymander the state for Democratic advantage could be a former federal prosecutor whose campaign for Congress hinges on his efforts to use the law to target President Trump and his supporters. When a slim majority of Virginia voters gave the legislature authority last month to create congressional districts that could give Democrats a 10-1 advantage, J.P. Cooney cheered the outcome in a message on social media , boasting that the new district he was running in had been drawn “expressly for the purpose of standing up to Donald Trump’s and MAGA’s corruption.” Although the fate of Virginia’s 7th Congressional District remains unclear – a state judge immediately blocked the measure, and the issue is expected to end up before the Supreme Court – Cooney’s candidacy represents a small but growing wave of former prosecutors who are running on their anti-Trump bona fides. So far, at least two other former Justice Department officials are seeking office by touting their work against the president, his supporters, and his current administration. All are running as Democrats. J.P. Cooney is hoping to ride the anti-Trump credentials he accrued as a federal prosecutor to Congress. LinkedIn To their supporters, these candidates represent a principled stand against what they see as the lawless excesses of the Trump administration. To many Republicans, the entry of supposedly neutral federal prosecutors into the brass knuckle world of politics confirms their suspicions that the DOJ is filled with partisans who used their power to target the president and the MAGA movement in general. Ryan Crosswell, who is running for Congress as a Democrat in Pennsylvania’s 7th Congressional District, resigned from his position as an assistant U.S. Attorney in the Southern District of New York last year, after the Justice Departm...
(RTTNews) - Insurance solutions provider Assurant Inc. (AIZ) on Monday reported sharply higher first-quarter net profit, driven by lower catastrophe losses and strong performance in its Global Lifestyle segment.
(RTTNews) - Insurance solutions provider Assurant Inc. (AIZ) on Monday reported sharply higher first-quarter net profit, driven by lower catastrophe losses and strong performance in its Global Lifestyle segment.
piranka/E+ via Getty Images Obviously, there are different ways to play the AI infrastructure trend. But personally, I like the data center niche a lot. Why? Mega caps are supporting the buildout with multi-year contracts, and, quite frankly, I don't see why it should stop. Honestly, Credo Technology Group Holding Ltd. ( CRDO ) offers an interesting angle on this industry, in my opinion. A niche o...
piranka/E+ via Getty Images Obviously, there are different ways to play the AI infrastructure trend. But personally, I like the data center niche a lot. Why? Mega caps are supporting the buildout with multi-year contracts, and, quite frankly, I don't see why it should stop. Honestly, Credo Technology Group Holding Ltd. ( CRDO ) offers an interesting angle on this industry, in my opinion. A niche one. Well, it's a leading company in high-quality and rapid transfer connection solutions, which I think is nothing but crucial for data centers and the cloud. As long as the data center demand remains strong, it's a significant tailwind for CRDO. And to be honest, I don't think it will stop anytime soon. CRDO: Stock Surged 300% Over The Past Year (Seeking Alpha) As the title says, I truly believe in the long game here. For both CRDO and data centers overall. It's surely not the cheapest AI exposure, but in my opinion, a crucial one. Over the past year, it posted a triple-digit percentage revenue growth . And to me, it clearly indicates that the demand is strong. Simply put, my rating is a Buy, and here's why. The Data Center Market Is Expected to Double from Here That's true. The data center market is currently estimated to be worth roughly $270 billion . Now, if the bullish AI narrative develops favorably and this research comes to fruition, it may more than double by 2034. That's 11% over the next eight years. I don't think the market has priced this in. On top of that, if it reaches an almost $700 billion market size by that time, I think multiple AI infrastructure names could operate and succeed in the niche. So far, Credo experiences solid demand, which tells me that the clientele is happy with its connection solutions. I don't think that's going to fade soon. What I also love about the company is that it continues raising R&D expenses. And to me, it suggests it's playing for a long game. If Credo continues to successfully offer advanced connectivity solutions for AI n...
On May 5, 2026, Western Standard LLC reported selling out of Select Medical Holdings (NYSE:SEM) , with an estimated $32.30 million transaction value based on quarterly average pricing. According to its SEC filing dated May 5, 2026, Western Standard LLC exited its position in Select Medical Holdings by selling 2,064,021 shares. The estimated value of these trades was $32.30 million, calculated usin...
On May 5, 2026, Western Standard LLC reported selling out of Select Medical Holdings (NYSE:SEM) , with an estimated $32.30 million transaction value based on quarterly average pricing. According to its SEC filing dated May 5, 2026, Western Standard LLC exited its position in Select Medical Holdings by selling 2,064,021 shares. The estimated value of these trades was $32.30 million, calculated using the average closing price during the first quarter of 2026. The quarter-end value of the Select Medical Holdings stake decreased by $30.65 million, reflecting both the sale and stock price changes. Select Medical Holdings operates a national network of hospitals, clinics, and occupational health centers. Continue reading
Billionaire Nvidia Corp. director Mark Stevens and his wife Mary are gifting $200 million to the University of Southern California to advance AI research and education across the school. The donation will help make USC a “national leader in AI-powered research and creativity,” the school said in a statement , adding the university’s school of advanced computing will also be renamed after the coupl...
Billionaire Nvidia Corp. director Mark Stevens and his wife Mary are gifting $200 million to the University of Southern California to advance AI research and education across the school. The donation will help make USC a “national leader in AI-powered research and creativity,” the school said in a statement , adding the university’s school of advanced computing will also be renamed after the couple. USC has plans to introduce a new degree in Artificial Intelligence for Business this fall. Since 2004, Stevens has gifted more than $290 million to his alma mater including Tuesday’s donation, funding everything from athletics to brain science. A native of Culver City, California, Stevens graduated from USC in 1981. Stevens, who’s worth $12.6 billion according to the Bloomberg Billionaires Index , was one of the earliest Nvidia backers three decades ago and made his fortune mostly from a stake in the Santa Clara-based chipmaker. He first invested in the company in 1993 while at Sequoia Capital and served on the board until 2006, then rejoined the board in 2008 and has been a director since. Read more: Billionaire Mark Stevens Sells Nvidia Shares Worth $150 Million He’s also an active investor though his family office S-Cubed Capital and owns a stake in the Golden State Warriors. Nvidia’s growth to become the world’s most valuable company has made several of its earliest investors and board members billionaires, including Stevens and Tench Coxe . Earlier this year, Coxe and his wife also made a $100 million gift to help launch a medical center at UT Austin.
General Motors Q1 2026 Performance and Structural Transformation Overview of Q1 2026 Financial Success General Motors delivered a blowout first quarter in 2026, crushing analyst expectations and demonstrating remarkable resilience amid a challenging macroeconomic backdrop marked by heightened geopolitical risk, tariff uncertainty, and persistent inflation concerns. The automaker’s adjusted earning...
General Motors Q1 2026 Performance and Structural Transformation Overview of Q1 2026 Financial Success General Motors delivered a blowout first quarter in 2026, crushing analyst expectations and demonstrating remarkable resilience amid a challenging macroeconomic backdrop marked by heightened geopolitical risk, tariff uncertainty, and persistent inflation concerns. The automaker’s adjusted earnings surged 33% year-over-year, dramatically outperforming the consensus forecast that had projected a 5% decline. This exceptional performance was driven by resilient pickup truck and SUV sales in North America, where high-margin vehicles continue to dominate GM’s product mix. Following the strong results, GM raised its full-year 2026 adjusted EBIT guidance to a range of $13.5 billion to $15.5 billion, signaling management’s confidence in sustained momentum throughout the year. Several factors fueled the profit surge: Operational cost efficiencies implemented across the organization Increased average transaction prices reflecting strong demand and disciplined pricing A $500 million tariff rebate resulting from a favorable Supreme Court ruling, which directly boosted the company’s full-year adjusted EBIT guidance by the same amount—though analysts view this as an anomaly rather than a recurring earnings driver The Pivot to a Software-Driven Business Model Beyond the headline numbers, GM is undergoing a structural transformation that positions it as more than a traditional automaker. Connected services have emerged as a major profit driver alongside conventional automotive operations. The company’s subscription-based revenue streams are showing remarkable growth: SuperCruise revenue increased 85% year-over-year OnStar revenue grew 20% year-over-year Bundled OnStar and SuperCruise subscriptions boast gross margins of approximately 70% This high-margin connectivity segment is projected to generate $7.5 billion in deferred revenue for fiscal year 2026. Some analysts suggest this s...
The Nasdaq was cruising on Tuesday despite another round of software stock struggles. The Dow was up 400 points, or 0.8%. The Nasdaq’s gains were even more impressive when you consider the Roundhill Magnificent Seven ETF was flat and the iShares Expanded Tech-Software Sector ETF was down 0.8%.
The Nasdaq was cruising on Tuesday despite another round of software stock struggles. The Dow was up 400 points, or 0.8%. The Nasdaq’s gains were even more impressive when you consider the Roundhill Magnificent Seven ETF was flat and the iShares Expanded Tech-Software Sector ETF was down 0.8%.
UniqueMotionGraphics/iStock via Getty Images By Jennifer Nash Job openings inched lower in March, settling at 6.866 million vacancies according to the latest Job Openings and Labor Turnover Survey (JOLTS). This represents a decrease of 56,000 from the previous month, the fourth decline in the last five months. The latest reading was slightly higher than the expected 6.860 vacancies. From the press...
UniqueMotionGraphics/iStock via Getty Images By Jennifer Nash Job openings inched lower in March, settling at 6.866 million vacancies according to the latest Job Openings and Labor Turnover Survey (JOLTS). This represents a decrease of 56,000 from the previous month, the fourth decline in the last five months. The latest reading was slightly higher than the expected 6.860 vacancies. From the press release : The number of job openings was unchanged at 6.9 million in March, the U.S. Bureau of Labor Statistics reported today. Over the month, hires increased to 5.6 million while total separations changed little at 5.4 million. Within separations, both quits (3.2 million) and layoffs and discharges (1.9 million) were little changed. Background on JOLTS (Job Openings and Labor Turnover) The JOLTS report is a monthly survey released by the BLS that tracks job openings, hiring, and separations (quits, layoffs, and discharges). Unlike the unemployment rate, which measures labor supply, JOLTS data helps gauge labor demand. An increase in job openings is generally a positive sign, indicating ample job opportunities. The chart below displays the monthly data for the four components of the JOLTS series. Due to their volatility, six-month moving averages are included to highlight trends. The moving average for job openings remained above hires for over five years starting in 2015. It briefly dipped below hires in May and June 2020 but rebounded above in July 2020. From mid-2022 to September 2024, job openings, hires, and quits all declined, with job openings showing the steepest drop. However, since September 2024, hires and quits have stabilized. Meanwhile, job openings have continued their downward trend, while layoffs/discharges have gradually risen since mid-2022. Jobs Report vs. JOLTS JOLTS data lags the BLS employment report by one month. As a reminder, 178,000 jobs were added in March and the unemployment rate was at 4.3%. For comparison, here is the monthly BLS Employment...
Earnings Call Insights: KKR & Co. Inc. (KKR) Q1 2026 Management view Craig Larson reported, "Fee-related earnings per share came in at $1.13," "total operating earnings of $1.47" per share, and "adjusted net income of $1.39 per share," alongside "management fees in the quarter were $1.2 billion" and "our FRE margin increased slightly quarter-over-quarter to approximately 69% at March 31." Larson h...
Earnings Call Insights: KKR & Co. Inc. (KKR) Q1 2026 Management view Craig Larson reported, "Fee-related earnings per share came in at $1.13," "total operating earnings of $1.47" per share, and "adjusted net income of $1.39 per share," alongside "management fees in the quarter were $1.2 billion" and "our FRE margin increased slightly quarter-over-quarter to approximately 69% at March 31." Larson highlighted credit-market scrutiny, saying, "direct lending is $39 billion or 5% of our AUM," while "our private BDC footprint... around $3 billion of AUM or 0.4%" and "FSK is a little less than 2% of our AUM," adding, "It's important, though, not to conflate FSK's portfolio with other pools of capital." Robert Lewin said, "We raised $28 billion of new capital in the quarter," including "$15 billion" in credit fundraising, and called out the flagship close: "the final closing of our North America XIV fund at $23 billion." Lewin emphasized monetizations and capital allocation, stating, "Realized carried interest was $720 million," and "we repurchased or retired $317 million of stock this year through May 1 at an average price of approximately $91," alongside "an increase to our share repurchase program by an additional $500 million." Lewin announced, "This morning, we announced the closing of our acquisition of Arctos," describing it as "approximately $16 billion of AUM and $10 billion of fee-paying AUM." Scott Nuttall added, "We could not be more excited to work together to build a $100 billion-plus AUM business." Outlook Lewin updated 2026 guidance language: "we continue to feel very confident in our ability to exceed our targets for fundraising, strategic holdings operating earnings and FRE on a per share basis," but on ANI, "if you were handicapping our ability to reach $7 per share, we do think it is more likely that we land below that level," adding, "any delayed monetizations that impact 2026 would not be lost as we would expect them to shift to 2027 and beyond." Compa...
Shares of Target (NYSE:TGT) are changing hands near $129 in midday trading Tuesday, up 1% on the session and sitting on a year-to-date gain of 32%. That run has turned the longtime laggard into the surprise leader of the big-box pack in 2026. By comparison, Walmart (NASDAQ:WMT) stock is up 18% year to date and ... Which Big-Box Store Chain Has Dominated 2026: Walmart, Target, or Costco?
Shares of Target (NYSE:TGT) are changing hands near $129 in midday trading Tuesday, up 1% on the session and sitting on a year-to-date gain of 32%. That run has turned the longtime laggard into the surprise leader of the big-box pack in 2026. By comparison, Walmart (NASDAQ:WMT) stock is up 18% year to date and ... Which Big-Box Store Chain Has Dominated 2026: Walmart, Target, or Costco?