Meta Platforms Inc. was sued by Santa Clara County, California, over allegations that the company “knowingly facilitates and profits from billions of scam advertisements” on its social networks, including Facebook and Instagram. The complaint accuses the social networking giant of defrauding seniors and families with scam ads, which the company allegedly tracks. Meta makes approximately $7 billion...
Meta Platforms Inc. was sued by Santa Clara County, California, over allegations that the company “knowingly facilitates and profits from billions of scam advertisements” on its social networks, including Facebook and Instagram. The complaint accuses the social networking giant of defrauding seniors and families with scam ads, which the company allegedly tracks. Meta makes approximately $7 billion in revenue each year from these kinds of ads, according to a statement from Tony LoPresti , the Santa Clara County counsel, who is bringing the lawsuit. LoPresti is seeking injunctive relief, civil penalties and restitution for money lost as a result of Meta’s actions. A spokesperson for Meta did not immediately respond to a request for comment. Santa Clara County houses much of Silicon Valley, and many of Meta’s employees live there, including Chief Executive Officer Mark Zuckerberg . Meta’s headquarters are in neighboring San Mateo County. Meta makes the vast majority of its revenue from advertisements, and brought in over $200 billion in sales in 2025. LoPresti claims certain ads promote a series of scams, including “fraudulent financial products, cryptocurrency schemes, purported cures for incurable diseases, ineffective nutritional supplements, and impersonations of celebrities asking for monetary contributions.”
(Bloomberg) -- Meta Platforms Inc. was sued by Santa Clara County, California, over allegations that the company “knowingly facilitates and profits from billions of scam advertisements” on its social networks, including Facebook and Instagram. Most Read from BloombergIran Makes New Offer on Uranium in Response to US, WSJ SaysInside a Year of Chaos and Conflict at Kevin Hart’s Media CompanyTrump Re...
(Bloomberg) -- Meta Platforms Inc. was sued by Santa Clara County, California, over allegations that the company “knowingly facilitates and profits from billions of scam advertisements” on its social networks, including Facebook and Instagram. Most Read from BloombergIran Makes New Offer on Uranium in Response to US, WSJ SaysInside a Year of Chaos and Conflict at Kevin Hart’s Media CompanyTrump Rejects New Iran Peace Offer as ‘Totally Unacceptable’Modi Asks Indians to Stop Buying Gold, Hitting J
As the saying goes, there are many possible reasons for an insider to sell a stock, but only one reason to buy -- they expect to make money. So let's look at two noteworthy recent insider buys. At Markel Group, a filing with the SEC revealed that on Thursday, Director Diane Le
As the saying goes, there are many possible reasons for an insider to sell a stock, but only one reason to buy -- they expect to make money. So let's look at two noteworthy recent insider buys. At Markel Group, a filing with the SEC revealed that on Thursday, Director Diane Le
shulz/E+ via Getty Images Driven by demand from hyperscalers and domestic customers that resulted in the company’s highest number of consumer fiber gross adds in its history, Uniti ( UNIT ) reported better-than-expected first-quarter results, lifting shares to their highest level in more than three years. With fiber infrastructure revenue up 13%, kinetic consumer fiber revenue up 26%, and as many ...
shulz/E+ via Getty Images Driven by demand from hyperscalers and domestic customers that resulted in the company’s highest number of consumer fiber gross adds in its history, Uniti ( UNIT ) reported better-than-expected first-quarter results, lifting shares to their highest level in more than three years. With fiber infrastructure revenue up 13%, kinetic consumer fiber revenue up 26%, and as many as 39K kinetic consumer fiber gross additions, Uniti ( UNIT ) generated 236% more revenue in the first quarter compared to the same quarter last year, exceeding Wall Street’s expectations by more than $61M. The explosive revenue growth helped offset a 1,054% surge in cost of services, although the company still swung to a loss of $0.34 per share compared to a profit of $0.08 in the same quarter last year. This was, however, a penny better than expectations. “2026 is off to a great start at Uniti, fueled by the continued strong demand from hyperscalers and the significant progress we have made to date on our fiber-to-the-home build. We saw consolidated revenue and adjusted EBITDA year-over-year growth during the first quarter for the first time as a combined company, which is a significant first step in our goal to achieve full-year year-over-year growth by 2027,” said Uniti CEO Kenny Gunderman. Although the company continues to expect revenue to be between $3.605B and $3.655B (versus $3.63B estimates), it lowered its net loss outlook to a range of $400M to $450M from the prior outlook for a net loss of $360M and $410M. Adjusted EBITDA is seen at $1.45B and consolidated net capex of ~$1.4B. Uniti ( UNIT ) continues to expect to reach 450K to 500K new fiber homes in 2026 and to surpass 3.5M homes with fiber by the end of 2029. When asked during the company’s earnings call with analysts why Uniti ( UNIT ) didn’t raise their sales guidance for the year, Gunderman said that revenue generated by large hyperscalers can be “lumpy.” “[First quarter results] were very much expected a...
Eoneren/E+ via Getty Images The Global X Hydrogen ETF ( HYDR ) is a premier pure-play hydrogen ETF. The objective of the fund is to target companies whose profits can be positively impacted by the growth of the global hydrogen industry, such as those who produce hydrogen, integrate hydrogen in energy systems, and manufacture hydrogen fuel cells, electrolyzers, and others. The ETF follows the Solac...
Eoneren/E+ via Getty Images The Global X Hydrogen ETF ( HYDR ) is a premier pure-play hydrogen ETF. The objective of the fund is to target companies whose profits can be positively impacted by the growth of the global hydrogen industry, such as those who produce hydrogen, integrate hydrogen in energy systems, and manufacture hydrogen fuel cells, electrolyzers, and others. The ETF follows the Solactive Global Hydrogen Index , which is a semi-annual rebalance index that uses market cap weights with caps per company of 12%. This fund has significant exposure to the industrials sector, and the fund has 25 holdings, with around 80% in its top 10 constituents. Among the top holdings are Doosan Fuel Cell (18%), Bloom Energy Corporation ( BE ) (16%), and Plug Power Inc. ( PLUG ) (9.6%). Data by YCharts HYDR is particularly relevant right now because hydrogen has moved from a long-term climate aspiration to necessity. The fund delivered an extraordinary 261% return over the past year, dramatically outpacing the broader market and other thematic peers. Macro factors like AI-driven energy needs favoring resilient clean energy supply chains, with fuel cell companies inside the fund now signing multi-gigawatt contracts with hyperscalers. The Fund Analyzing the fund, the expense ratio is 50 basis points, and it earns a Seeking Alpha C+ Expense Grade. Liquidity is generally satisfactory, with an average daily dollar volume on a 3-month basis around $2.31 million and an AUM of $133 million, ranking it a Seeking Alpha C- Grade. Regarding the Dividend Grade, it scores highly, earning it an A Dividend Grade, as it has a whopping 1.225% growth rate in the past year. The dividend yield is 1.93%. Seeking Alpha When analyzing the fund holdings, we come to a conclusion that it is almost fully invested in equity, with industrials presenting a bulk of the fund, around 84%. Technology, basic materials, and consumer cycles round out the rest of the allocation. Going over to country breakdown ,...
July arabica coffee (KCN26 ) today is up +7.00 (+2.55%), and July ICE robusta coffee (RMN26 ) is up +101 (+2.96%). Coffee prices are sharply higher today, with robusta posting a 2-week high. Tight coffee inventories are underpinning prices. ICE arabica coffee inventories fell to a 2.5-month low of 477,045...
July arabica coffee (KCN26 ) today is up +7.00 (+2.55%), and July ICE robusta coffee (RMN26 ) is up +101 (+2.96%). Coffee prices are sharply higher today, with robusta posting a 2-week high. Tight coffee inventories are underpinning prices. ICE arabica coffee inventories fell to a 2.5-month low of 477,045...
Over the last 7 days, the United States market has risen by 2.2%, contributing to a substantial 31% climb over the past year, with earnings expected to grow by 17% annually. In such an environment, stocks with high insider ownership can be appealing as they often indicate confidence from those closest to the company’s operations and potential for growth, making them noteworthy considerations for i...
Over the last 7 days, the United States market has risen by 2.2%, contributing to a substantial 31% climb over the past year, with earnings expected to grow by 17% annually. In such an environment, stocks with high insider ownership can be appealing as they often indicate confidence from those closest to the company’s operations and potential for growth, making them noteworthy considerations for investors seeking opportunities in this thriving market.
todamo Kinder Morgan ( KMI ) was on track to snap six straight sessions of losses on Monday as its shares rose 2.29% to trade at $32.13, in tandem with rising oil prices. Oil stocks, including Exxon Mobil ( XOM ), Chevron ( CVX ), ConocoPhillips ( COP ), and SLB ( SLB ), also gained after U.S. President Donald Trump said the ceasefire with Iran was "on life support." Their prices were up around 2%...
todamo Kinder Morgan ( KMI ) was on track to snap six straight sessions of losses on Monday as its shares rose 2.29% to trade at $32.13, in tandem with rising oil prices. Oil stocks, including Exxon Mobil ( XOM ), Chevron ( CVX ), ConocoPhillips ( COP ), and SLB ( SLB ), also gained after U.S. President Donald Trump said the ceasefire with Iran was "on life support." Their prices were up around 2% to 3% each during afternoon trading. Speaking from the Oval Office, Trump dismissed Iran’s response to last week’s U.S. proposal as “garbage,” saying he “didn’t even finish reading it.” Reports suggest Tehran sought sanctions relief and an end to Washington’s naval blockade while aiming to retain some influence over traffic through the Strait of Hormuz. Prior to Monday’s gains, Kinder Morgan shares had been falling since May 1. It lost more than 3% in between May 1 and May 8. On a YTD basis, however, shares of the oil company have risen 16% in stark comparison to a nearly 8% rise in the wider S&P 500 index. Looking at Seeking Alpha’s quant rating, KMI has been rated a Hold with a score of 3.30 out of 5. It has been rated an A- for its profitability but a D for its valuation and growth. Seeking Alpha analysts, on the other hand, were bullish on the stock and recommended to Buy it. Wall Street analysts mirrored a similar sentiment with a Buy call. Seeking Alpha analyst The Asian Investor rated the stock as a Strong Buy following its strong Q1 earnings, driven by robust natural gas demand. The analyst expects KMI to remain a top pick for income investors, with dividend safety and upside tied to natural gas demand and U.S. data center expansion. “…growing natural gas demand, in part driven by a growing U.S.-based data center footprint, translates into attractive earnings prospects for investors seeking recurring dividend income from an investment-grade-rated midstream platform that is tilted towards natural gas deliveries,” the analyst wrote about Kinder Morgan. More on Kinder...
Get a jump start on the US trading day with Matt Miller and Dani Burger on "Bloomberg Open Interest." Oil jumps as President Trump calls Iran’s latest peace offer “totally unacceptable.” Moderna revives the biotech trade as officials race to contain a cruise ship-linked hantavirus outbreak. And KKR’s $300 million rescue of a struggling credit fund raises fresh questions about private markets. Plus...
Get a jump start on the US trading day with Matt Miller and Dani Burger on "Bloomberg Open Interest." Oil jumps as President Trump calls Iran’s latest peace offer “totally unacceptable.” Moderna revives the biotech trade as officials race to contain a cruise ship-linked hantavirus outbreak. And KKR’s $300 million rescue of a struggling credit fund raises fresh questions about private markets. Plus, Bruce Douglas on KKR’s credit bet, Mary Ann Bartels believes a secular bear market will kickoff the next decade, Mike Pyle on AI investing, Flex CEO Revathi Advaithi, Starz CEO Jeffrey Hirsch, and Bond CEO Bill Papariella. (Source: Bloomberg)
Key PointsThe contract prices of memory chips are rising at solid double-digit rates, suggesting that Micron Technology's exponential growth is sustainable.
Key PointsThe contract prices of memory chips are rising at solid double-digit rates, suggesting that Micron Technology's exponential growth is sustainable.
Prediction: Micron Technology Stock Will Skyrocket to $2,000 in 1 Year Yahoo Finance Why Micron Stock Keeps Going Up The Motley Fool Micron shares are rising again despite weak overall market. Why memory chip rally seems unstoppable CNBC Micron Exploded From $97 To $747: Here's Why It's Likely Not Over 'Yet' Seeking Alpha Deutsche Bank raises Micron stock price target on AI demand strength Investi...
Prediction: Micron Technology Stock Will Skyrocket to $2,000 in 1 Year Yahoo Finance Why Micron Stock Keeps Going Up The Motley Fool Micron shares are rising again despite weak overall market. Why memory chip rally seems unstoppable CNBC Micron Exploded From $97 To $747: Here's Why It's Likely Not Over 'Yet' Seeking Alpha Deutsche Bank raises Micron stock price target on AI demand strength Investing.com Micron stock sends a strong signal amid chip shortage thestreet.com Memory Stocks Continue to Surge. What’s Driving Micron and Sandisk Higher. Barron's Will Micron Stock Go Down After Its 700% Surge? Insiders Sell Watcher Guru Why Memory-Chip Stocks Are Top Of Mind For Investors Investor's Business Daily
In this article @CL.1 Follow your favorite stocks CREATE FREE ACCOUNT A sign displays the prices of unleaded, premium, and diesel gasoline at a Speedway gas station in Columbus, Ohio, US, on Monday, May 11, 2026. Brian Kaiser | Bloomberg | Getty Images President Donald Trump and congressional Republicans are proposing suspending the federal gas tax as prices at the pump continue to soar ahead of t...
In this article @CL.1 Follow your favorite stocks CREATE FREE ACCOUNT A sign displays the prices of unleaded, premium, and diesel gasoline at a Speedway gas station in Columbus, Ohio, US, on Monday, May 11, 2026. Brian Kaiser | Bloomberg | Getty Images President Donald Trump and congressional Republicans are proposing suspending the federal gas tax as prices at the pump continue to soar ahead of the 2026 midterm elections . Gasoline and oil prices have soared since the U.S.-Israeli war with Iran broke out over two months ago. Iran has largely brought the Strait of Hormuz, which normally carries a fifth of the world's oil, to a standstill since the first strikes began. Trump said in the Oval Office on Monday that he would "reduce" the tax, shortly after saying in an interview with CBS News that he wants to pause the tax "for a period of time." "I think it's a great idea," he said in the CBS interview. "Yup, we're going to take off the gas tax for a period of time, and when gas goes down, we'll let it phase back in." Trump cannot declare a gas tax holiday alone, since Congress has sole authority over taxation. But several Republican lawmakers on Monday floated suspending the gas tax, which clocks in at 18.4 cents per gallon, the same amount it's been since 1993. Federal gas taxes primarily pay for federal highway construction and maintenance and also fund some public transit. Read more CNBC politics coverage Boeing, Citigroup CEOs set to join Trump on China visit next week Marco Rubio heads to the Vatican as 2028 presidential buzz ramps up Epstein files: Commerce Sec. Howard Lutnick questioned by House Oversight panel Sen. Josh Hawley, R-Mo., on Monday said he would immediately introduce a bill to suspend the federal gas tax in a post to X . And Rep. Anna Paulina Luna, R-Fla., said she would be "introducing a bill in the House to suspend the federal gas tax in light of Trump's recent remarks." "American families need this relief on gas prices. My office will be workin...