CBP Says It Seized More Than 60 Pounds Of Cocaine From US Citizen At Border Authored by Troy Myers via The Epoch Times, U.S. Customs and Border Protection (CBP) officers at the U.S.–Mexico border prevented more than 60 pounds of cocaine from entering the country, allegedly smuggled by an American citizen—a “trusted traveler”—the agency exclusively told The Epoch Times on Wednesday. At California’s...
CBP Says It Seized More Than 60 Pounds Of Cocaine From US Citizen At Border Authored by Troy Myers via The Epoch Times, U.S. Customs and Border Protection (CBP) officers at the U.S.–Mexico border prevented more than 60 pounds of cocaine from entering the country, allegedly smuggled by an American citizen—a “trusted traveler”—the agency exclusively told The Epoch Times on Wednesday. At California’s San Ysidro Port of Entry, a 25-year-old man was arrested on April 7 for allegedly concealing more than $1.1 million of the illegal narcotics within his vehicle and now faces federal prosecution. The man was not named by CBP. He was categorized as a “trusted traveler” because he was a participant in the Secure Electronic Network for Travelers Rapid Inspection program, the agency said. The program allows expedited passage into the United States for pre-approved, low-risk travelers. All applicants for the program undergo an extensive background check and an in-person interview prior to being enrolled. Despite having qualified for expedited treatment, the man was referred for a secondary inspection while entering the United States. “Trust, but verify,” the agency said. Illegal narcotics hidden in the driver's vehicle doors are shown, at the San Ysidro Port of Entry on April 7, 2026. Border Patrol agents seized more than 60 pounds of cocaine from a U.S. citizen. U.S. Customs and Border Protection During the secondary inspection, CBP said it used non-intrusive imaging technology that revealed “anomalies” within the doors of the driver’s 2020 Honda Civic. A canine team additionally alerted officers to the presence of narcotics. According to CBP, officers discovered 20 packages containing 27.28 kilograms, or 60.14 pounds, of cocaine. The drugs, vehicle, and two cellphones were seized. The driver was arrested and faces charges of narcotics importation and smuggling, CBP said. “This arrest is a clear message that no one is above the law,” San Ysidro Port Director Mariza Marin said. ...
Earnings Call Insights: Great Southern Bancorp (GSBC) Q1 2026 Management View President, CEO & Director Joseph Turner said the quarter was “a solid start to the year in a continuing competitive operating environment,” adding that “both credit and earnings metrics remain strong,” supporting “meaningful per share tangible book value growth,” driven by “disciplined expense management, careful balance...
Earnings Call Insights: Great Southern Bancorp (GSBC) Q1 2026 Management View President, CEO & Director Joseph Turner said the quarter was “a solid start to the year in a continuing competitive operating environment,” adding that “both credit and earnings metrics remain strong,” supporting “meaningful per share tangible book value growth,” driven by “disciplined expense management, careful balance sheet structuring and a continued emphasis on relationship-based banking.” President, CEO & Director Turner reported net income of $17.5 million and net interest income of $48.3 million, while describing “a resilient net interest margin” and “stable loan balances.” He attributed lower net interest income versus last year mainly to “the absence of the income from our now terminated interest rate swap,” and said results also reflected “thoughtful capital allocation.” Treasurer Rex Copeland said, “we have recorded approximately $483,000 of additional interest income related to collection of unbooked interest on 3 separate relationships,” and cautioned that “these types of cash basis interest recoveries can occur sporadically.” Outlook Management did not provide formal earnings or revenue guidance; President, CEO & Director Turner said, “this is one of the reasons... that we don't give guidance is just very difficult to predict,” referring to loan payoffs as the key swing factor. On expenses, President, CEO & Director Turner said IT-related initiatives “will probably happen over the next 3 to 6 quarters” and “could add $200,000 to $250,000 a month to our expense levels,” tied to “data security,” “customer-facing technologies,” and “substantial upgrade in our systems.” On margin sensitivity, Treasurer Copeland said the balance sheet is “pretty balanced” and that a 25-basis-point rate cut “shouldn't be that impactful,” adding, “we don't really anticipate that is going to... negatively impact us very much or for very long.” Financial Results The company reported net income of $17...
Welcome to Bloomberg’s California Edition—covering all the events shaping one of the world’s biggest economies and its global influence. This week, California reporter Eliyahu Kamisher joins us for the Eric Swalwell fallout. If you were anywhere in the Golden State these last few days (barring, maybe, Yosemite or the desert), you probably witnessed the spectacular implosion of Eric Swalwell . The ...
Welcome to Bloomberg’s California Edition—covering all the events shaping one of the world’s biggest economies and its global influence. This week, California reporter Eliyahu Kamisher joins us for the Eric Swalwell fallout. If you were anywhere in the Golden State these last few days (barring, maybe, Yosemite or the desert), you probably witnessed the spectacular implosion of Eric Swalwell . The 45-year old Democrat resigned from Congress and stepped out of the California governor’s race after allegations of sexual assault, his abrupt exit upending the contest and leaving an even bigger question mark over who will run the state next year. So, what comes next? I invited Blomberg’s Eliyahu Kamisher to distill the more than a dozen conversations he’s had in the past few days about Swalwell into three things to watch going forward—also so you can show off to your California friends how up-to-date with current events you are (and tell them to subscribe !). 1. Is this Tom Steyer’s moment? Tom Steyer has spent more than $120 million of his own money pitching himself as a progressive willing to close corporate tax loopholes. The money kept him on everyone’s televisions but didn’t really give him a commanding lead. At least until Swalwell dropped out: His exit gave Steyer momentum and a powerful ally, the California Teachers Association, representing more than 300,000 members, which had previously endorsed Swalwell. Then President Donald Trump called Steyer a “SLEAZEBAG” on social media and urged people to vote for Republican Steve Hilton, burnishing the Democratic billionaire’s brand as a progressive populist willing to take on the president. 2. Is there any way to salvage Matt Mahan’s campaign? Swalwell’s downfall creates an opening for San Jose Mayor Matt Mahan. But the coming weeks will test not just Mahan, but also the political acumen of the Silicon Valley donors backing him, including Sergey Brin, Vinod Khosla, and Mike Moritz. If Mahan fails to mount a credible run,...
Democratic representative from California has suspended gubernatorial campaign and resigned from Congress The US Department of Justice (DoJ) has opened an investigation into Eric Swalwell following his resignation from Congress, according to a source familiar with the matter. The news of a federal investigation comes days after the Democratic representative from California stepped down due to mult...
Democratic representative from California has suspended gubernatorial campaign and resigned from Congress The US Department of Justice (DoJ) has opened an investigation into Eric Swalwell following his resignation from Congress, according to a source familiar with the matter. The news of a federal investigation comes days after the Democratic representative from California stepped down due to multiple allegations of sexual misconduct. Continue reading...
imaginima/iStock via Getty Images Overview With growing concerns around the utility of AI, 2026 started with a rotation out of technology into other areas of the market. While the indices experienced choppiness, the Neuberger Energy Infrastructure and Income Fund Inc. ( NML ) was able to benefit from the market rotation. By focusing on energy and infrastructure, NML has a renewed growth catalyst t...
imaginima/iStock via Getty Images Overview With growing concerns around the utility of AI, 2026 started with a rotation out of technology into other areas of the market. While the indices experienced choppiness, the Neuberger Energy Infrastructure and Income Fund Inc. ( NML ) was able to benefit from the market rotation. By focusing on energy and infrastructure, NML has a renewed growth catalyst to directly benefit from the growing power demands. When I previously covered NML, I issued a hold rating due to the underperformance against peers. However, I wanted to revisit the fund to take a more focused look at its value proposition, outlook, and dividend sustainability. When I previously covered NML, the fund traded at a discount to NAV of 10.84%. Following the price rally in the first quarter of 2026, NML actually trades at a slightly larger discount to NAV of 11.17%. However, valuation is a bit tricky because the fund has traded at an average discount to NAV of 14.51% over the last five-year period. Referring to the red line on the graph below, we can see that NML currently remains at the higher end of its historical price-to-NAV range. However, the future growth catalyst of AI data centers can certainly cause the discount to NAV to shrink further. CEF Data The fund now offers investors a starting dividend yield of 8.6% while issuing those payouts on a monthly basis. The fund did issue a recent dividend raise, but I worry about the negative impact of this. The fund may struggle to generate earnings that support distributions, leading to NAV erosion and limiting upside growth. So while the fund is aligned to participate in the expansion of AI, the underlying structure needs to be improved so that long-term performance is more attractive. Fund Strategy According to the latest fund fact sheet , NML has total managed assets of $665.9M that are spread across a diverse range of equities. As implied by the fund's name, it focuses specifically on investments that are prima...