A years-old bank heist may soon have major privacy implications for every American who owns a cellphone. On Monday, the Supreme Court heard arguments in Chatrie v. United States , a case involving police's use of controversial "geofence warrants" to find and arrest Okello Chatrie, the suspect of a 2019 bank robbery outside Richmond, Virginia. At stake is how private your location data - and any ot...
A years-old bank heist may soon have major privacy implications for every American who owns a cellphone. On Monday, the Supreme Court heard arguments in Chatrie v. United States , a case involving police's use of controversial "geofence warrants" to find and arrest Okello Chatrie, the suspect of a 2019 bank robbery outside Richmond, Virginia. At stake is how private your location data - and any other information you store with a large tech company - actually is. Chatrie was tracked down via the Location History feature on Google Maps, which can identify a person's location within three meters and refreshes every two minutes. Police served G … Read the full story at The Verge.
The perfect dividend stock is reliable for payments and raises and has a high dividend yield. These kinds of stocks are essential to a retirement portfolio, which requires solid and reliable passive income so retirees can age without working and without worry. They're often the "boring" stocks that have been around forever and can count on their cash cows to fund the dividend. Don't overlook them,...
The perfect dividend stock is reliable for payments and raises and has a high dividend yield. These kinds of stocks are essential to a retirement portfolio, which requires solid and reliable passive income so retirees can age without working and without worry. They're often the "boring" stocks that have been around forever and can count on their cash cows to fund the dividend. Don't overlook them, because they can offer incredible value to a diversified portfolio and fund your retirement for decades. Consider Procter & Gamble (NYSE: PG) . Image source: Getty Images. Continue reading
"Bloomberg Crypto" covers the people, transactions, and technology shaping the world of decentralized finance. Today's guests: Andreessen Horowitz Former General Partner Arianna Simpson, The Digital Chamber Founder and Chair Perianne Boring, eToro Co-Founder and CEO Yoni Assia, and Kalshi Head of Enforcement Robert DeNault. (Source: Bloomberg)
"Bloomberg Crypto" covers the people, transactions, and technology shaping the world of decentralized finance. Today's guests: Andreessen Horowitz Former General Partner Arianna Simpson, The Digital Chamber Founder and Chair Perianne Boring, eToro Co-Founder and CEO Yoni Assia, and Kalshi Head of Enforcement Robert DeNault. (Source: Bloomberg)
Drew Angerer/Getty Images News IAC ( IAC ) is changing its name to People Incorporated amid a focus on its publishing business and investment in MGM Resorts International ( MGM ). In a letter to shareholders, IAC Chairman Barry Diller announced the name change and the company’s history, which evolved from Silver King Communications to IAC/InterActiveCorp, a conglomerate of more than 200 companies ...
Drew Angerer/Getty Images News IAC ( IAC ) is changing its name to People Incorporated amid a focus on its publishing business and investment in MGM Resorts International ( MGM ). In a letter to shareholders, IAC Chairman Barry Diller announced the name change and the company’s history, which evolved from Silver King Communications to IAC/InterActiveCorp, a conglomerate of more than 200 companies and 100 minority investments, including a 26% investment in MGM Resorts ( MGM ). With the name change, the company will transition the “necessary” staff of IAC into People Incorporated and “significantly reduce overhead” to concentrate on the two assets,” People publishing and holdings in MGM Resorts ( MGM ). While Diller did not directly address any reduction in workforce, he intimated as such given a downsizing to a smaller company. “The corpus of People Incorporated will include the assets of a mostly virtual media business together with the very hard assets of MGM Resorts—if you like, a perfect hedge in a world that is changing so unpredictably fast,” Diller said, adding that he will remain as chairman and senior executive of the new company. The name change is expected to occur by the company's second quarter earnings in August. More on IAC IAC Inc.: Sum-Of-The-Parts Suggests Shares Remain Undervalued IAC Inc. (IAC) Q4 2025 Earnings Call Transcript IAC Inc. 2025 Q4 - Results - Earnings Call Presentation Key deals this week: Diana Shipping, Day One Biopharmaceuticals, Hudbay Minerals and more IAC agrees to sell Care.com to private-equity firm for $320M
FILE PHOTO: FBI Director James Comey testifies before the House Intelligence Committee hearing into alleged Russian meddling in the 2016 U.S. election, on Capitol Hill in Washington, U.S., March 20, 2017. Joshua Roberts | Reuters Former FBI Director James Comey has been indicted on charges alleging he threatened President Donald Trump when he posted an image of seashells spelling out "8647" on his...
FILE PHOTO: FBI Director James Comey testifies before the House Intelligence Committee hearing into alleged Russian meddling in the 2016 U.S. election, on Capitol Hill in Washington, U.S., March 20, 2017. Joshua Roberts | Reuters Former FBI Director James Comey has been indicted on charges alleging he threatened President Donald Trump when he posted an image of seashells spelling out "8647" on his Instagram account last year, a source familiar with the matter told MS NOW. The charges, which have yet to be made public, mark the second time that Comey has been indicted in a federal case since Trump's second presidential term began. Trump had accused Comey, whom he has long viewed as a foe, of "calling for the assassination of the president" by sharing the image of the numbers in the May 15 post. Zoom In Icon Arrows pointing outwards Source: @comey | Instagram "Eighty-six" is a term often used in the restaurant industry when a menu item is discontinued. The Merriam-Webster online dictionary says it can more broadly mean "to eject, dismiss, or remove (someone)." Trump is the 47th U.S. president. Comey at the time denied he was threatening Trump with the seashell post, writing in a follow-up, "I didn't realize some folks associate those numbers with violence." He said deleted it anyway because "I oppose violence of any kind." The Trump administration investigated Comey over the social media post, but no charges were immediately brought. Around four months later, however, he was indicted in Virginia on one count each of making a false statement to Congress and obstruction. Comey denied the charges, which were brought under Lindsey Halligan, a former personal lawyer for Trump who was appointed interim U.S. attorney for the Eastern District of Virginia. In November, a federal judge dismissed the criminal case against Comey after ruling that Halligan was unlawfully appointed. This is breaking news. Please refresh for updates. Choose CNBC as your preferred source on Google an...
Multiple people injured when gunman opened fire inside a social security office and later an appeals court An 89-year-old man has been arrested on suspicion of shooting and wounding several people in attacks on government buildings in Athens. Hours after the double shooting in the Greek capital, authorities announced a suspect had been detained in the western port city of Patras, reportedly attemp...
Multiple people injured when gunman opened fire inside a social security office and later an appeals court An 89-year-old man has been arrested on suspicion of shooting and wounding several people in attacks on government buildings in Athens. Hours after the double shooting in the Greek capital, authorities announced a suspect had been detained in the western port city of Patras, reportedly attempting to flee to Italy. His arrest followed a countrywide manhunt. Continue reading...
Earnings Call Insights: Corning Incorporated (GLW) Q1 2026 Management view “Year-over-year, sales grew 18% to $4.35 billion. EPS grew 30% to $0.70. Operating margin expanded 220 basis points to 20.2%.” (Chairman, President & CEO Wendell Weeks) “Now based on increasing demand for our innovations, we actually plan to upgrade again and extend our plan through 2030 at our investor event in New York Ci...
Earnings Call Insights: Corning Incorporated (GLW) Q1 2026 Management view “Year-over-year, sales grew 18% to $4.35 billion. EPS grew 30% to $0.70. Operating margin expanded 220 basis points to 20.2%.” (Chairman, President & CEO Wendell Weeks) “Now based on increasing demand for our innovations, we actually plan to upgrade again and extend our plan through 2030 at our investor event in New York City on May 6.” (Chairman, President & CEO Weeks) “We now have concluded two more large, long-term agreements with hyperscale customers, and they are each similar in size and duration to the Meta agreement.” (Chairman, President & CEO Weeks) “Our ramp is running behind our ambitious plans. Our wafer facility will undergo an extended maintenance shutdown, and we will transition to a permanent power system and repair and upgrade production equipment to increase throughput in future quarters.” (Chairman, President & CEO Weeks) “We delivered our eighth consecutive quarter of year-over-year sales growth while continuing to enhance the financial profile of the company.” (Executive Vice President & Chief Financial Officer Edward Schlesinger) “Today, we announced changes to our segment reporting effective first quarter 2026, which better align with our current operating and management structure.” (Executive Vice President & Chief Financial Officer Schlesinger) Outlook “In the second quarter, we expect to grow sales about 14% year-over-year to approximately $4.6 billion and to grow EPS about 25% year-over-year to a range of $0.73 to $0.77.” (Executive Vice President & Chief Financial Officer Schlesinger) “Our second quarter forecast includes an additional $30 million of expense in Q2 versus Q1 as our solar wafer plant undergoes an extended maintenance shutdown.” (Executive Vice President & Chief Financial Officer Schlesinger) “For the full year, we expect to generate significantly more free cash flow year-over-year while continuing to invest strongly in our growth vectors aided by cus...
Earnings Call Insights: Nucor (NUE) Q1 2026 Management View “We generated EBITDA of approximately $1.5 billion and earned $3.23 per share,” said (Chairman of the Board & CEO Leon Topalian), adding that results were “a significant increase compared to the fourth quarter” and that Nucor “returned $254 million to Nucor shareholders through dividends and share buybacks… while also reinvesting $661 mil...
Earnings Call Insights: Nucor (NUE) Q1 2026 Management View “We generated EBITDA of approximately $1.5 billion and earned $3.23 per share,” said (Chairman of the Board & CEO Leon Topalian), adding that results were “a significant increase compared to the fourth quarter” and that Nucor “returned $254 million to Nucor shareholders through dividends and share buybacks… while also reinvesting $661 million into the business.” “At 7 million tons, this was the highest quarterly shipment volume in Nucor's history,” said (CEO Topalian) on steel mill shipments, and said steel mills backlog ended Q1 at “4.7 million tons, a 20% increase from year-end and the highest level we've seen since the second quarter of 2021.” “Import share of the U.S. finished steel market declined… to approximately 15% this quarter,” said (CEO Topalian), citing the administration’s “50% 232 tariff on steel” and “applying tariffs to the full value” of derivative products as changes that “close a key loophole.” “We expect commissioning, inspecting and testing of all equipment across the mill to be complete” by end-2026 at West Virginia, and “commercial shipments begin ramping up in early 2027,” said (President & COO Stephen Laxton). “In the first quarter, Nucor generated net earnings of $743 million or $3.23 per share,” said (Executive VP, CFO & Treasurer Jack Sullivan), attributing performance to “higher volumes and higher margin product mix,” while noting “Pre-operating and start-up costs totaled $108 million for the quarter.” Outlook “We expect shipments to grow by more than 5% in 2026,” said (President Laxton), and added, “we expect domestic steel consumption to be stable with overall demand remaining flat to up 2% for 2026.” “We expect higher consolidated earnings with improvement across all 3 operating segments,” said (CFO Sullivan) for Q2, including “stable volumes and increasing metal margins” in steel mills, “higher volumes and stable pricing” in Steel Products, and “higher earnings” in Raw Mate...
Earnings Call Insights: Five Star Bancorp (FSBC) Q1 2026 Management view "Q1 2026 earnings per share increased to $0.87 per share, up $0.04 per share from the prior quarter" and management highlighted balance-sheet momentum with "annualized growth in loans held for investment of 14%" and "annualized deposit growth of 26%" (President, CEO & Director James Beckwith). Beckwith framed the deposit stra...
Earnings Call Insights: Five Star Bancorp (FSBC) Q1 2026 Management view "Q1 2026 earnings per share increased to $0.87 per share, up $0.04 per share from the prior quarter" and management highlighted balance-sheet momentum with "annualized growth in loans held for investment of 14%" and "annualized deposit growth of 26%" (President, CEO & Director James Beckwith). Beckwith framed the deposit strategy as mix-driven, citing "non-wholesale deposits up $350.2 million, offsetting an $81.9 million reduction in wholesale deposits" and adding, "This shift reflects our focus on building stable, relationship-based core deposit funding" (President, CEO & Director Beckwith). Beckwith emphasized credit and capital positioning, saying, "Our asset quality remains strong with nonperforming loans representing just 7 basis points of total loans held for investment" and "We continue to be well capitalized with all capital ratios well above regulatory thresholds" (President, CEO & Director Beckwith). Beckwith pointed to shareholder returns and growth concentration, noting, "In Q1, we paid a cash dividend of $0.25 per share and declared an additional $0.25 dividend expected to be paid in May of 2026" and that asset growth was "largely driven by loan growth within the commercial real estate portfolio, which increased by $116.2 million" (President, CEO & Director Beckwith). Beckwith tied interest-rate sensitivity to loan structure and macro uncertainty: "Ongoing uncertainty surrounding energy supply chains and global economic consequences of the Iran conflict has triggered volatility in interest rates" and "approximately 75% of our loans held for investment are adjustable or floating" (President, CEO & Director Beckwith). "Net interest income increased to $43.5 million, a 3% increase from Q4 of 2025" and "Our net interest margin improved to 3.70% from 3.66% in the prior quarter" (Executive VP & CFO Heather Luck). Outlook Management did not provide EPS or revenue guidance in the prepared ...
Earnings Call Insights: The Coca-Cola Company (KO) Q1 2026 Management View "We delivered strong first quarter results despite a complex external environment" and "delivered 3% volume growth" while "extend[ing] our streak of gaining overall value share for the past 20 consecutive quarters" (Chief Executive Officer Henrique Braun). "In North America...we gained both volume and value share" as "trade...
Earnings Call Insights: The Coca-Cola Company (KO) Q1 2026 Management View "We delivered strong first quarter results despite a complex external environment" and "delivered 3% volume growth" while "extend[ing] our streak of gaining overall value share for the past 20 consecutive quarters" (Chief Executive Officer Henrique Braun). "In North America...we gained both volume and value share" as "trademark Coca-Cola, Fanta, FRESCA, BODYARMOR, POWERADE, DASANI, smartwater and Minute Maid each grew volume," while "softness in price/mix" reflected "Easter timing" plus "constrained production capacity for Topo Chico and fairlife" (CEO Braun). "Organic revenues" grew "10%" with "unit case growth" of "3%"; "comparable EPS of $0.86 increased 18% year-over-year" and free cash flow was "approximately $1.8 billion" (President & CFO John Murphy). "Comparable gross margin declined approximately 30 basis points" but "comparable operating margin increased approximately 70 basis points" as the company "realized operating expense efficiencies while investing further behind our brands" (President & CFO Murphy). Outlook "We continue to expect organic revenue growth of 4% to 5%" for 2026 and "now expect" comparable currency-neutral EPS growth (excluding acquisitions/divestitures) of "6% to 7%" (President & CFO Murphy). "All in, we now expect comparable earnings per share growth of 8% to 9% versus $3 in 2025," which Murphy said was "an increase from our prior estimate of 7% to 8% due to the lower effective tax rate"; he added the 2026 underlying effective tax rate is now expected to be "19.9%," "a 1-point reduction versus our previous estimate" (President & CFO Murphy). "Divestitures are expected to continue to be an approximate 4-point headwind to comparable net revenues and an approximate 1-point headwind to comparable earnings per share," assuming the "pending sale of Coca-Cola Beverages Africa" closes "during the second half of 2026" (President & CFO Murphy). Compared with Q4 2025 guida...
Jonathan Kitchen Capital expenditure growth is a key indicator of how aggressively a company is investing in its future, whether through new infrastructure, equipment, technology, or capacity expansion. The following list ranks U.S. communication services stocks by their year-over-year CapEx growth percentage, offering a data-driven look at which companies are putting the most capital to work rela...
Jonathan Kitchen Capital expenditure growth is a key indicator of how aggressively a company is investing in its future, whether through new infrastructure, equipment, technology, or capacity expansion. The following list ranks U.S. communication services stocks by their year-over-year CapEx growth percentage, offering a data-driven look at which companies are putting the most capital to work relative to the prior year. Below is a list of 10 U.S. communication services stocks ranked according to their year-over-year capital expenditure growth percentage. The list spans multiple sub-sectors, including Alternative Carriers, Interactive Home Entertainment, Advertising, Interactive Media and Services, Movies and Entertainment, and Advertising. AST SpaceMobile ( ASTS ) tops the list with a CapEx growth rate of 511.47% year-over-year, as the company races to deploy its BlueBird satellite constellation. Roblox ( RBLX ) and Globalstar ( GSAT ) follow in second and third place with growth rates of 145.47% and 114.68% respectively, while The Trade Desk ( TTD ) and Meta Platforms ( META ) round out the top five at 100.54% and 87.06%, with Meta continuing to pour capital into AI infrastructure and Reality Labs as part of its $60–65 billion planned CapEx budget for 2025. Alphabet ( GOOGL ) and Live Nation Entertainment ( LYV ) occupy the sixth and seventh positions with CapEx growth of 74.07% and 64.19%, while Formula One Group ( FWONK ) and Netflix ( NFLX ) follow at 58.67% and 53.64%. Pinterest ( PINS ) rounds out the list at 31.57%, the most modest growth rate on the screen despite the company's continued investment in AI-driven ad targeting and shopping tools that drove free cash flow to $940 million in 2024. Roblox ( RBLX ) and The Trade Desk ( TTD ), second and fourth in CapEx growth respectively, are the only two Sell-rated names at 1.82 and 1.96, a signal that the quant model views their heavy capital spending as unproductive relative to fundamentals, while the remaining...
JHVEPhoto AMD ( AMD ) shares slid 3% on Tuesday as CEO Dr. Lisa Su met with U.S. Commerce Secretary Howard Lutnick. The two discussed several topics, including artificial intelligence and U.S. technological leadership, the Commerce Department said. AMD did not immediately respond to a request for comment from Seeking Alpha on the meeting. AMD shares have soared nearly 50% over the past month, buoy...
JHVEPhoto AMD ( AMD ) shares slid 3% on Tuesday as CEO Dr. Lisa Su met with U.S. Commerce Secretary Howard Lutnick. The two discussed several topics, including artificial intelligence and U.S. technological leadership, the Commerce Department said. AMD did not immediately respond to a request for comment from Seeking Alpha on the meeting. AMD shares have soared nearly 50% over the past month, buoyed in part by agentic AI, which has resulted in exceptionally strong demand for CPUs in the data center. Competitor Intel ( INTC ) reported first-quarter results earlier this month that were better-than-expected, aided by its CPUs. Intel's Data Center and AI revenue came in at $5.05B, up 22% year-over-year, compared to the $4.41B analysts were expecting. Total revenue for the quarter was $13.58B, well above the $12.36B analysts had anticipated. Recent media reports have said that AMD and Intel have been able to raise prices for their CPUs due to rising demand for agentic AI usage in data centers. Investment firm Stifel raised its price target on AMD (and several other semiconductor stocks) recently , due in large part to the strong demand for its CPUs. “We remain positive on AMD shares given multi-gigawatt strategic commitments from Meta and OpenAI, a counter-seasonal CPU ramp, albeit against the backdrop of worsening supply constraints, and the MI450/Helios launch ahead, which, collectively, define what we view as incremental tailwinds against management’s $20+ longer-term EPS target,” analysts at the firm wrote in a note to clients. AMD is set to report fiscal first-quarter results after the close of trading on May 5. A consensus of analysts expects the firm to earn $1.29 per share on $9.89B in revenue. More on AMD AMD: Strong AI Tailwinds, But Valuation Is Getting Ahead Of Reality AMD: Inference And Agentic AI Are Expanding Its Runway AMD: Compute-For-Equity Looks Dilutive, But It's Actually A Strategic Masterstroke AMD slips as Northland Capital downgrades after massive...
While Meta Platforms has shaped up to be good at monetizing artificial intelligence in consumer-facing advertising, some analysts question whether the company’s AI models have applications beyond that.
While Meta Platforms has shaped up to be good at monetizing artificial intelligence in consumer-facing advertising, some analysts question whether the company’s AI models have applications beyond that.
da-kuk/E+ via Getty Images The S&P 500 ( SP500 ) ( SPY ) ( VOO ) is consolidating near all-time highs following a sharp rebound from its March lows, but the index’s next test may hinge more on defending gains than reaching new peaks. Liz Thomas, head of investment strategy at SoFi, on Tuesday identified two critical technical support zones to watch if the rally starts to cool. The first sits aroun...
da-kuk/E+ via Getty Images The S&P 500 ( SP500 ) ( SPY ) ( VOO ) is consolidating near all-time highs following a sharp rebound from its March lows, but the index’s next test may hinge more on defending gains than reaching new peaks. Liz Thomas, head of investment strategy at SoFi, on Tuesday identified two critical technical support zones to watch if the rally starts to cool. The first sits around 6,975 to 7,000, where a 23.6% Fibonacci retracement coincides with a psychologically significant round number and former resistance level. This zone will determine whether the market can successfully turn an old ceiling into a new floor. SP500 was changing hands at 7,136 at press time. The deeper support zone lies between 6,780 and 6,850, aligning the 38.2% retracement with the 50-day moving average—a level that has proven significant repeatedly over the past seven months, Thomas noted. Liz Thomas More on the Markets Dow Jones And U.S. Stock Market Intraday Outlook - The Tech Honeymoon Is Over... Right Before Earnings? Why The Probability For A Global Recession Is Increasing The Economic World President Trump Has Created Weekly ETF flows: Four of 11 sectors record outflows; technology sector leads inflows HSBC upgrades U.S. equities to overweight, cuts Europe to neutral
sefa ozel/iStock via Getty Images Lotus Creek Exploration Inc. ( LTCEF ) aims to be a high-growth company. This is an extremely small company that was spun off from Gear Energy (GENGF), which I covered in past articles . It is actually what was left of Gear Energy after a sale of most of the production to Cenovus Energy ( CVE ) because Gear had "reached the end of the road" and it was time to tran...
sefa ozel/iStock via Getty Images Lotus Creek Exploration Inc. ( LTCEF ) aims to be a high-growth company. This is an extremely small company that was spun off from Gear Energy (GENGF), which I covered in past articles . It is actually what was left of Gear Energy after a sale of most of the production to Cenovus Energy ( CVE ) because Gear had "reached the end of the road" and it was time to transfer that acreage to a larger operation. So, there is a history here under another company name that goes back fairly far. The difference now is the emphasis on light oil and rich gas production. Special Considerations The biggest consideration is that this is a Canadian company that reports using Canadian dollars. Lotus Creek Energy Common Stock Price History And Key Valuation Measures (Seeking Alpha Website April 27, 2026) Furthermore, when a chart like the above exists, it takes an extreme amount of patience to consider a purchase or sale. Not only is it recommended to use limit orders, but also one needs to have the mindset of waiting the common stock price out. It could easily take months or at least weeks for the stock price to execute at the desired level. Even though there is more liquidity in Canada, it may still take a fair amount of patience in order to establish a reasonable position. Lotus Creek Energy Board Of Directors And Senior Management (Lotus Creek Corporate Presentation April 2026) The last consideration is that this is a company that Don Gray is involved with, along with people who gained experience either at Peyto or Gear Energy. Don Gray is a founder of Peyto and was involved with Gear Energy (the predecessor of this company). Now he is getting older and so is likely less involved with this company than some of the other companies. But it is important to note that this company has access to people in the companies that he is involved with if those resources are needed. Furthermore, the presence of people like Don Gray, who have built and sold compani...
Alexey_Fedoren U.S. equities are showing signs of underlying weakness despite the broader market’s seemingly stable performance, as a divergence in index structure points to a more fragile backdrop. The equal-weight S&P 500 ( SP500 ), which offers a clearer view of average stock performance, is on track for its sixth straight daily decline—marking its longest losing streak since December 2024. Thi...
Alexey_Fedoren U.S. equities are showing signs of underlying weakness despite the broader market’s seemingly stable performance, as a divergence in index structure points to a more fragile backdrop. The equal-weight S&P 500 ( SP500 ), which offers a clearer view of average stock performance, is on track for its sixth straight daily decline—marking its longest losing streak since December 2024. This downturn suggests that selling pressure is becoming more widespread beneath the surface, even as headline indexes remain relatively resilient. Since the market’s rebound from its March 30 low, gains have appeared broadly distributed in absolute terms. However, a closer look reveals that much of the upward momentum has been driven by a smaller group of large-cap names. The traditional cap-weighted S&P 500 continues to outperform, benefiting disproportionately from strength in mega-cap stocks. Meanwhile, the equal-weighted version still trades below its January peak, underscoring the uneven nature of the recovery. Together, these dynamics highlight a hidden correction, where internal market breadth deteriorates even as top-line index performance masks the extent of underlying weakness. S&P 500 Funds: ( SPY ), ( VOO ), ( IVV ), ( RSP ), ( SSO ), ( UPRO ), ( SH ), ( SDS ), ( SPXU ), ( FXAIX ), ( VFIAX ), ( VFFSX ), and ( SWPPX ). More on markets Ray Dalio says a wealth tax may spark a bubble pop Big Tech earnings test AI spending as constraints begin to surface, Citi says Fed meeting ahead: Prediction markets highlight what Powell may signal Traders reprice Powell's timeline as Fed meeting approaches Only 11 mega-caps stand out in SA Quant Ratings as markets hover near highs
Comey Indicted As Trump DOJ Takes Second Bite At The Apple The U.S. Department of Justice has secured a new federal indictment against former FBI Director James Comey , marking the second criminal case brought against him by the Trump administration in under a year. The charges center on a controversial May 2025 Instagram post in which Comey shared a photograph of seashells arranged on a beach to ...
Comey Indicted As Trump DOJ Takes Second Bite At The Apple The U.S. Department of Justice has secured a new federal indictment against former FBI Director James Comey , marking the second criminal case brought against him by the Trump administration in under a year. The charges center on a controversial May 2025 Instagram post in which Comey shared a photograph of seashells arranged on a beach to form the numbers "86 47." According to CNN , citing multiple sources familiar with the matter (who ran to CNN to leak the news), the indictment was returned by a grand jury in the Eastern District of Virginia. It comes after the Justice Department’s first case against Comey-filed in September 2025 and charging him with making false statements and obstructing a congressional proceeding related to his 2020 Senate testimony-was dismissed late last year. A federal judge ruled that the interim U.S. Attorney who brought those charges had been improperly appointed without Senate confirmation. So - the guy acts as Obama and Hillary Clinton's hatchet man to frame Trump and they're going after the seashell thing... right. The Seashell Post at the Center of the New Case The new indictment revives scrutiny of a social media post that ignited intense backlash last spring. On May 15, 2025, Comey posted a photo on Instagram showing seashells lined up to spell "86 47," captioned simply: "Cool shell formation on my beach walk." The numbers quickly drew sharp criticism from Trump allies. "86" is longstanding slang-commonly used in restaurants to mean "get rid of," "remove," or "toss out"-while "47" is widely understood as shorthand for President Donald Trump, the 47th president. Homeland Security Secretary Kristi Noem at the time called the post a call for Trump’s assassination and announced a Secret Service investigation. Director of National Intelligence Tulsi Gabbard publicly suggested Comey should be "put behind bars." Comey deleted the post the same day and issued an apology on social m...