Passive income is characterized by its ability to generate revenue without requiring the earner's continuous active effort, making it a desirable financial strategy for those seeking to diversify their income streams or achieve financial independence....
24/7 Wall Street - 5/5/2025 3:47:04 PM
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Netflix stock fell Monday after President Trump threatened to impose 100% tariffs on foreign-made films....
Investors Business Daily - 5/5/2025 3:40:43 PM
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Pinterest is introducing new features to let users find ideas that match their personal tastes. The new visual search tools, announced Monday (May 5), will first be available for women's fashion content in the U.S., Canada and the U.K., eventually moving to more categories....
PYMNTS - 5/5/2025 3:42:36 PM
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MGA reports mixed first-quarter results and expects 2025 revenues in the band of $40-$41.6 billion, up from the previous target of $38.6-$40.2 billion....
Zacks Investment Research - 5/5/2025 3:40:41 PM
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I reiterate a Sell rating on Ecolab Inc., citing overvaluation despite 3% organic revenue growth and margin improvements, with a fair value of $206 per share. Ecolab's local-for-local strategy and pricing power effectively mitigate tariff impacts, but softness in heavy industrial markets will persist into FY25. Ecolab's focus on digital technology and productivity improvements is expected to drive margin expansion, with projected 12-15% adjusted EPS growth in FY25....
Seeking Alpha - 5/5/2025 3:40:09 PM
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A near-doubling of revenue and a flip into profitability on the bottom line apparently weren't good enough for TG Therapeutics (TGTX -12.32%) shareholders on Monday....
The Motley Fool - 5/5/2025 3:37:44 PM
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Lucid (LCID -6.13%) stock is falling in Monday's trading. The company's share price was down 6.3% as of 3 p.m....
The Motley Fool - 5/5/2025 3:35:00 PM
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Investors need to pay close attention to CBRE Group (CBRE) stock based on the movements in the options market lately....
Zacks Investment Research - 5/5/2025 3:35:29 PM
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As the two ride-sharing giants prepare to unveil their first-quarter results, many questions about future growth, robotaxi ambitions, and the evolving ride-sharing industry will be answered....
Zacks Investment Research - 5/5/2025 3:35:28 PM
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Hubbell offers long-term growth potential with strong U.S.-centric operations, driven by data center expansion and industrial reshoring. Despite short-term headwinds like cost inflation and a dip in utility segment revenues, management remains confident in its growth outlook. The company maintains a solid balance sheet, a steadily growing dividend, and stable earnings growth expectations, making it fundamentally sound....
Seeking Alpha - 5/5/2025 3:30:00 PM
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Shares of Mara Holdings (MARA -8.43%) are falling on Monday. The stock dropped 8.6% as of 3:14 p.m....
The Motley Fool - 5/5/2025 3:26:27 PM
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At least two children are reported missing as the US Coast Guard searches for survivors, just north of San Diego....
BBC - 5/5/2025 6:06:08 PM
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This year’s theme is "Superfine: Tailoring Black Style."...
Yahoo - 5/5/2025 5:22:34 PM
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A leak details Google's thinking and research behind Material 3 Expressive. Ahead of this month’s announcement, Google accidentally......
9to5Google - 5/5/2025 5:10:00 PM
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Police in a Phoenix suburb say three people, including a teenager, were killed and five others were injured after a shooting at a crowded concert outside a restaurant....
AP News - 5/5/2025 5:05:00 PM
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We've cracked open the case on which stocks to buy
and avoid
for the month of May, which have included names Marriott International (MAR) and Walgreens Boots Alliance (WBA) for the latter....
Schaeffers Research - 5/5/2025 3:27:22 PM
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Instead of selling, you can buy these dividend stocks in May and go away. These Dividend Aristocrat stocks have both upside potential and pay dividends....
24/7 Wall Street - 5/5/2025 3:26:50 PM
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Apple is Berkshire Hathaway's largest stockholding. But with Buffett stepping aside, will Berkshire sour on the iPhone maker's shares?...
Barrons - 5/5/2025 3:25:00 PM
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I reiterate a Buy rating on Amphenol Corporation stock with a one-year target price of $87 per APH share, driven by strong product demands and robust financial performance. Amphenol posted 33% organic revenue growth and 57.5% adjusted EPS growth, driven by strong market demands in the IT datacom market. The acquisition of LifeSync aligns with Amphenol's M&A strategy, potentially adding $100 million in revenue from the medical device market....
Seeking Alpha - 5/5/2025 3:24:17 PM
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CNBC Television - 5/5/2025 3:21:44 PM
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Forest River CEO Doug Gaeddert speaks with Warren Buffett, Greg Abel and Becky Quick at the Berkshire Hathaway Annual Meeting about how tariffs and inflation are affecting the company's prices....
CNBC Television - 5/5/2025 3:21:07 PM
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Becky Quick speaks with Clayton Homes CEO Kevin Clayton from the floor of Berkshire Hathway's annual meeting....
CNBC Television - 5/5/2025 3:19:38 PM
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Robert Ford, Abbott Labs CEO, joins 'Power Lunch' to discuss government spending on health care and technological investments....
CNBC Television - 5/5/2025 3:10:32 PM
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GoviEx Uranium Inc (TSX-V:GXU, OTCQX:GVXXF) said on Monday it had closed a C$10.5 million upsized private placement, anchored by a privately held Zambian investment group, strengthening its development plans for the Muntanga uranium project in Zambia. The financing saw the sale of 209.4 million units at C$0.05 each, with each unit comprising one common share and a warrant exercisable at US$0.051 until May 2027....
Proactive Investors - 5/5/2025 3:21:45 PM
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About Yahoo Finance: Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life. - Get the latest news and data at finance.yahoo.com - Download the Yahoo Finance app on Apple (https://apple.co/3Rten0R) or Android (https://bit.ly/3t8UnXO) - Follow Yahoo Finance on social: X: http://twitter.com/YahooFinance Instagram: https://www.instagram.com/yahoofinance/?hl=en TikTok: https://www.tiktok.com/@yahoofinance?lang=en Facebook: https://www.facebook.com/yahoofinance/ LinkedIn: https://www.linkedin.com/company/yahoo-finance...
Yahoo Finance - 5/5/2025 3:08:56 PM
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Toronto, Ontario--(Newsfile Corp. - Le 5 mai/May 2025) - The common shares of Cerro Grande Mining Corporation will be delisted from the CSE at market close today, May 5, 2025. Cerro Grande Mining Corporation is currently suspended....
Newsfile Corp - 5/5/2025 3:19:00 PM
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UnitedHealth Group is reportedly increasing its use of artificial intelligence across its business. The company has 1,000 AI applications in production, The Wall Street Journal reported Monday (May 5)....
PYMNTS - 5/5/2025 3:16:30 PM
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MercadoLibre (MELI -1.40%) stock jumped 20% in April, according to data provided by S&P Global Market Intelligence. The Latin American e-commerce giant is already a top growth stock, and it's looking even finer since the tariff program roiled the markets because it operates outside of the U.S....
The Motley Fool - 5/5/2025 3:10:04 PM
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Shares of semiconductor veteran Intel (INTC -1.41%) swooned 11.5% lower in April 2025, according to data from S&P Global Market Intelligence. There wasn't a single catalyst behind this price drop, but a certain theme developed in this four-week period....
The Motley Fool - 5/5/2025 3:08:38 PM
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Vancouver, British Columbia--(Newsfile Corp. - May 5, 2025) - GoviEx Uranium Inc. (TSXV: GXU) (OTCQB: GVXXF) ("GoviEx" or the "Company") is pleased to announce the closing of its previously disclosed, upsized private placement offering (the "Offering") for aggregate gross proceeds of approximately $10,470,600 CAD. A total of 209,412,000 Units (the "Units") were sold at a price of $0.05 CAD per Unit (the "Offering Price")....
Newsfile Corp - 5/5/2025 3:08:00 PM
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Recursion Pharmaceuticals (RXRX -15.53%) didn't have a fine start to the working week on Monday, at least as far as its stock was concerned. Investors traded out of it following the clinical-stage biotech's first-quarter earnings release and business update, and the share price was down by 15% in mid-session trading....
The Motley Fool - 5/5/2025 3:02:24 PM
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SMOG ETF, celebrating its 18th birthday, focuses on clean energy and energy efficiency, showing resilience and potential for long-term growth despite market fluctuations. Strong tailwinds for renewable energy include global net-zero targets, energy self-sufficiency, and competitive pricing of renewables like solar and wind. Major headwinds include U.S. policy shifts favoring fossil fuels and protectionist trade policies, which could impact renewable energy investments and international trade....
Seeking Alpha - 5/5/2025 3:01:51 PM
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Palantir's (PLTR) stock could reach the mid-$100 range in the near future, according to Paul McCarthy. However, he also expects the stock to fall back below $100 and says patience may be needed for prospective investors....
Schwab Network - 5/5/2025 3:00:53 PM
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CNBC Television - 5/5/2025 3:00:36 PM
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Wells Fargo CEO Charles Scharf discusses the benefits of "a more level playing field" when it comes to trade negotiations....
CNBC Television - 5/5/2025 3:00:07 PM
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SOUTHPORT, Conn.--(BUSINESS WIRE)--FanDuel Sports Network today announced significant growth and expansion of its streaming audience. Driven by live game coverage, 100% reach across the regional TV territories of all 30 of its team partners, improved product experience and functionality, differentiated fan-friendly subscription offerings, partnership integrations with Amazon Prime Video and FanDuel, as well as collaborations with Yahoo Sports and SB Nation, and traditional cable and satellite d....
Business Wire - 5/5/2025 3:00:00 PM
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Wealth anchor Brad Smith reports the latest financial news to help you build wealth for May 5, 2025. Gold prices rise amid weakness in the US dollar....
Yahoo Finance - 5/5/2025 2:53:36 PM
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Melbourne, Victoria, Australia--(Newsfile Corp. - May 5, 2025) - Besra Gold Inc (ASX: BEZ) (Besra or the Company) today announced that the Company's board of directors (the Board) has resolved to postpone the upcoming special meeting (the Special Meeting) of shareholders of Besra (Shareholders), which was scheduled to be held on 26 May 2025 (corresponding to 27 May 2025 in Australia). The Special Meeting will now take place on 23 June 2025 (corresponding to 24 June 2025 in Australia)....
Newsfile Corp - 5/5/2025 3:02:00 PM
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Over the past two weeks, most of the Magnificent 7 have reported earnings, and the results were broadly positive, reinforcing the strength and scale of these market leaders. Last week brought reports from Amazon ( AMZN ), Apple ( AAPL ), Meta Platforms ( META ), and Microsoft ( MSFT ), while the prior week featured Alphabet ( GOOGL ) and Tesla ( TSLA )....
Zacks Investment Research - 5/5/2025 3:01:04 PM
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Palantir is firing on all cylinders heading into earnings. The company is expected to post revenue growth of 35.9% when it reports tonight....
24/7 Wall Street - 5/5/2025 3:00:33 PM
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FanDuel Sports Network, the company behind regional channels for 30 NBA, NHL and MLB teams, now counts 650,000 paid streaming subscribers. The company said it is on track to reach one million direct-to-consumer customers by the end of the year....
CNBC - 5/5/2025 3:00:01 PM
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Consumer lending stock SoFi Technologies Inc (NASDAQ:SOFI) is up 2% at $12.96 at last glance....
Schaeffers Research - 5/5/2025 2:56:52 PM
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Bloomberg's Mark Gurman discusses how Apple is grappling with tariffs, supply chain concerns, and struggles in artificial intelligence. He speaks with Caroline Hyde on "Bloomberg Technology....
Bloomberg Technology - 5/5/2025 2:48:34 PM
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Rosenblatt analyst Blair Abernethy maintained a buy on Datadog DDOG and lowered the price target from $160 to $150 on Sunday....
Benzinga - 5/5/2025 2:42:20 PM
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NAPERVILLE, IL — A public hearing is planned to discuss a Casey's development for 20 E. Ogden Ave. in Naperville. The hearing will be held during the planning and zoning meeting on May 7 at 7 p.m. The developers are seeking a conditional use agreement and a zoning variance for the project, which includes building a new 3,218 square foot convenience store to replace the one that currently occupies the site. Currently, the site is occupied by a Bucky's gas station, as Casey's General Stores acquired Bucky's in 2021. The variance seeks to allow the developer to replace three light fixtures "within a major arterial setback," according to village documents. The Casey's convenience store will feature a full kitchen, where employees can make sandwiches, pizza and other foods. Fresh produce will also be available for purchase, according to village documents. In their application, developers wrote,"We believe that our reinvestment in Naperville will have a positive impact and look forward to adding our additional services."...
Patch - 5/5/2025 2:36:49 PM
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CNO affirms operating EPS to be in the range of $3.70-$3.90 and excess cash flow in the range of $200-$250 million....
Zacks Investment Research - 5/5/2025 2:55:30 PM
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IRADIMED CORPORATION (NASDAQ:IRMD ) Q1 2025 Earnings Conference Call May 5, 2025 9:00 AM ET Company Participants Roger Susi - Founder, President & CEO John Glenn - CFO Conference Call Participants Frank Takkinen - Lake Street Capital Markets Operator Welcome to the IRADIMED Corporation First Quarter of 2025 Financial Results Conference Call. Currently, all participants are in a listen-only mode....
Seeking Alpha - 5/5/2025 2:52:02 PM
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ON Semiconductor Corporation reported Q1 earnings with a GAAP loss, declining revenues, and reduced margins, highlighting ongoing operational challenges and macroeconomic uncertainties. The company ended Q1 with $3B in cash and $3.35B in long-term debt, maintaining financial stability despite the downturn. Aggressive share repurchases and manufacturing right-sizing indicate management's confidence and strategic adjustments amid the automotive sector's prolonged struggles and tariff uncertainties....
Seeking Alpha - 5/5/2025 2:48:49 PM
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Strattec Security Corp. is a niche auto parts supplier with a strong balance sheet and a strategic shift towards higher-margin electronic access systems. Despite recent stock pressure, the company is positioned for recovery with stabilizing auto production, cost reduction initiatives, and exposure to EV market growth. Key risks include the cyclical nature of the auto industry, raw material and labor cost inflation, and potential impacts from a recession....
Seeking Alpha - 5/5/2025 2:47:36 PM
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Tesla (TSLA -1.46%) stock is moving lower following new European sales tracking data. The electric vehicle (EV) company's share price was down 2.5% as of 2 p.m....
The Motley Fool - 5/5/2025 2:46:34 PM
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METUCHEN, NJ – Earlier this week, Metuchen introduced an ordinance adopting an amended redevelopment plan for the expanded arts district within the borough. This ordinance is a significant step in the development of the Metuchen Arts District and crucial for the construction of a Forum Theater. “This is a particularly exciting one, because this is the next step in the advancement of the Metuchen Arts District. This is essential for getting the theater ultimately built,” Mayor Jonathan M Busch said. The mayor emphasized the challenging process involved in reaching this milestone. “This is one that was not easy to get to. This is the first step since the meeting where we had the concept of the arts district plan presented by DEVCO and our planners.” The ordinance was adopted unanimously on first reading, and will not go the Planning Board. A special Planning Board meeting is scheduled for May 7 to further review the ordinance. A public hearing on the ordinance is set for May 12. The theater was built in 1928 as a simple theater, and today is in a significant state of disrepair, with visible cracking through the exterior walls and foundation. Currently the theatre is about 8,600 square feet, and the proposed reimagined theater will be about 21,000 square feet. The Forum Theatre project cost is around $30 million, with Metuchen already having $25 million. The borough is now seeking $5 million more. Read More Here: Metuchen’s Forum Theatre Project Includes Building Residential Units Have a correction or news tip? Email sarah.salvadore@patch.com...
Patch - 5/5/2025 2:36:49 PM
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NANTUCKET, MA — A new steakhouse and martini bar concept set to open on Nantucket is making progress toward that goal. Billie's, an American steakhouse and martini bar, will open this summer at 20 Broad Street. The restaurant is expected to open in mid-June and, this week, named an executive chef. Chef Steve Rhee is expected to bring "a bold, globally inspired perspective to the heart of island dining," officials said. A California native raised in a Korean household, Rhee draws upon influences ranging from the vibrant flavors of Los Angeles to the refinement of Mediterranean and Asian cuisines. After earning his culinary degree from the California School of Culinary Arts, Rhee cut his teeth at top kitchens in LA before rising through the ranks in Las Vegas, most notably at N9NE Steakhouse and Estiatorio Milos at The Cosmopolitan. His journey led him to Miami, where he oversaw kitchen operations at Estiatorio Milos and later helmed the kitchens of Terrazza at the Shore Club and the waterfront favorite Kiki on the River, known for its fresh seafood and high-energy dining experience. “I’ve always been drawn to the energy and creativity that come with opening a new restaurant,” said Rhee. “With Billie’s, we have the opportunity to blend classic steakhouse flavors with the coastal spirit of Nantucket in a way that feels fresh, exciting, and welcoming. I can’t wait to share what we’re working on.” Officials said Billie's is in the final stages of their buildout and have now moved to a mid-June target, narrowing down a broader timeline from earlier this spring. The space previously operated as the beloved local restaurant Dune, which was sold in 2024 after 16 years in business....
Patch - 5/5/2025 2:36:49 PM
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BRICK, NJ — An Ocean County man who is facing more than 90 charges in connection with a string of commercial burglaries in multiple towns has been ordered held until trial. Craig T. Orler, 48, is charged in at least four cases in Ocean County, Assistant Prosecutor Isabella Young said during a detention hearing before Superior Court Judge Pamela Snyder on Friday. He is accused of 34 burglaries of multiple units at the Cube Smart storage facility in Brick December and January, and in a separate case of stealing an ATV and a motorcycle, Young said. In another case, he was charged with burglarizing vending machines owned by the company he was working for Tri-State Vending, she said. Orler was arrested April 28 in connection with a burglary at a smoke shop in Manchester, Young said. He was tied to the ATV theft after he tried to sell it on Facebook, she said. Orler also has charges in five cases out of Howell Township filed against him, Young and Ocean County Jail records said. Those are burglary cases as well, according to court records. Orler has a lengthy criminal history, Young said. While she did not detail past convictions during the detention hearing, court records show multiple guilty pleas in commercial burglaries dating back at least 20 years. He was on supervised release following a federal sentence for illegal firearms dealings when he was arrested in Manchester in May 2020 in connection with a commercial burglary ring operating in Ocean County. That release was revoked in 2021, according to federal court records. Young called Orler's actions "a blatant disregard for the law." "He is a continuous and constant danger to the community," she said. Snyder agreed, and rejected arguments from the public defender suggesting home monitoring in ordering Orler to remain in jail. His next court appearance is set for June 30 before Superior Court Judge Dina Vicari....
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JOLIET, IL — Two years after the Joliet City Council approved a drive-thru permit to allow the 7 Brew Drive-Thru Coffee company to tear down the shuttered Long John Silver on Joliet's West Jefferson Street, the Long John Silver sits empty because 7 Brew has stalled. On Tuesday night, representatives from 7 Brew will return to the Joliet City Council Chambers, this time, urging city officials to approve a second drive-thru permit location for their company even though their first project still has not happened. According to the Council agenda, 7 Brew informed city officials in mid-April they now want to build a new drive-up coffee shop at 2545 Plainfield Road. The proposal calls for a tiny building of only 515 square feet, a 247-square-foot remote cooler, a parking lot and parking spaces. "Employees serve customers in the 7Brew drive-through directly at their vehicle windows. This allows two drive-through lanes to operate at all times, as customers are not required to pull up directly in front of a service window," a letter on behalf 7 Brew informed Joliet. " No ordering stations with speakers are proposed, as employees will take orders directly in the queuing line with handheld devices ... We are requesting that the application be taken to the next available City Council meeting." Joliet City Public Works Director Greg Ruddy has sent a letter to the Council urging them to vote in favor of the drive-thru permit. The proposed development involves construction of a new building on a vacant outlot within the Millenium Square Subdivision, Ruddy explained. As for the empty Long John Silver on West Jefferson Street, Joliet Patch interviewed City Hall officials in early March for a project update since the 7 Brew project has yet to happen. The City Council approved the Long John Silver redevelopment in the summer of 2023. “Very much a live project," responded Dustin Anderson, Joliet's director of community development. Anderson said that 7 Brew submitted permits in February "and we have provided them with some comments on necessary revisions. They are reviewing those now and we look forward to working with them.”...
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HINSDALE, IL – An attorney for Hinsdale High School District 86's board defended the handling of a closed meeting Thursday night. Until the meeting, the board kept secret from the public the legal exception under which it would close the doors. The board is not legally required to inform the public of the exception on the meeting agenda, which the district released two days earlier. But most public bodies release such information. And District 86 used to as well. It is unclear why it abandoned the practice. Given that the board's majority is changing in four days, it was an unusual time to hold a closed meeting. During public comments, resident Dale Kleber, an attorney, said it would be illegal for the board to go into closed session without stating an exception. But Felicia Frazier, an attorney with the Odelson law firm, which represents the district, said the board only had to give an exception right before the closed session. Kleber replied that it was best practice to state an exception on the agenda. "I'm not saying you have to do it," he said. "You leave the public guessing if you don't do that." "I get that," Frazier said. "And that's something some boards do." After the exchange, board President Catherine Greenspon listed two exceptions to close the doors under the Open Meetings Act. They were union negotiations and pending, probable or imminent litigation. The board voted unanimously to close the doors, emerging about an hour later. No action was listed on the agenda. The board can make no final decisions in a closed session....
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FAIRFIELD, CT — Modern Salon, a new hair and beauty shop in downtown Fairfield, recently opened at 1275 Post Road and held a ribbon-cutting ceremony Friday. Owned by Westchester resident Melissa Schiavone, the salon offers a wide-range of hair cutting and coloring services, including a "Chemo Cut," a complimentary, free haircut for anyone undergoing chemotherapy. Schiavone, a master cutter and colorist, has more than 28 years of experience, and told Patch that the idea to open a salon in Fairfield grew after she and her husband began looking to buy a home in Fairfield. "We're still looking for a home in town, but we found the salon first," Schiavone said. "We love it here." Schiavone took over the space from a different salon that was at the address, and remodeled it. "The only things I kept were the stations, the chairs and the sinks," she said. "Everything else is new." In addition to hairstyling, Modern Salon, which features Balmain products, has also partnered with Kate Avenali, a registered nurse and owner of Modern Beauty Wellness & Aesthetics in Milford, to offer Botox, "brotox" and other cosmetic treatments. Friday's ribbon-cutting was attended by First Selectman Bill Gerber, Fairfield Community Economic Development Director Mark Barnhart, and Fairfield Chamber of Commerce President Beverly Balaz. "Thank you for choosing Fairfield," Gerber said. "I love your story, you came here for a house, and ended up opening a business. That's a big commitment, and we appreciate it."...
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BOHEMIA, NY — Nearly 100 cats—both dead and alive in need of medical help–were removed from a Long Island home on Thursday, Suffolk SPCA Chief Roy Gross told Patch. Gross told Patch that during a rescue operation at a Bohemia home, his team found 28 deceased cats and 69 alive and in need of medical help. The rescue left the SCPA responsible for cats of all ages, including numerous kittens requiring bottle feeding, Gross said. "It's a major, major undertaking," Gross told Patch on Monday. "It's going to be a long road to recovery for a lot of them." In a statement, SCPA officials said the "cats were found living in unsanitary and inhuman conditions," with many needing immediate veterinary care. The SPCA said their animal rescue crews responded to a home in Bohemia and found the cats in need of immediate removal and veterinary care. The cats are presently being housed and treated on the SPCA MASH Unit with the cooperation of the Town of Islip Animal Shelter, the SPCA said. While the case is still under investigation, the SPCA is urgently seeking veterinarians and licensed veterinarians technicians to assist with the cats' care. Vets and vet techs available to help evaluate and treat the cats on Tuesday, May 6, may contact the SPCA at 631-382-7722. In addition, the SPCA is asking for donations up to $10,000 to help provide medications and veterinary supplies for the sick cats. This is a developing story....
Patch - 5/5/2025 2:36:49 PM
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WALL, NJ — Authorities are investigating after a fire broke out at a Wall Township home Friday evening, Wall Township Police Lt. Steven Nash told Patch. At 7:01 p.m. on Friday, police said Wall Township Emergency Services received a call for a working structure fire on the second floor of an Allenwood Road home. The fire was knocked down within 30 minutes of the initial call, and no injuries were reported, Nash said. The cause of the fire is being investigated by the Wall Fire Bureau and is believed to be a faulty electrical outlet, according to Nash. "Great job by our fire districts for their quick response," Wall Township Police said in a post about the fire....
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NEWARK, NJ — U.S. Immigration and Customs Enforcement (ICE) has begun housing prisoners at a controversial new immigration detention facility in New Jersey’s largest city, the agency says. On Monday, a spokesperson confirmed that ICE started housing detainees at Delaney Hall in Newark on May 1. No data was immediately available about how many detainees are currently at the facility – which has seen harsh criticism and protest from immigrant rights advocates and local officials. Updates statistics that could include Delaney Hall will be available within the coming weeks at the federal agency’s enforcement data website, ICE spokespeople told Patch. The mayor’s office is planning to hold a news conference to discuss updates on Delaney Hall on Monday morning. Check back for updates. In February, federal officials announced plans to reopen Delaney Hall in Newark. The 1,000-bed facility will be the first federal detention center to open under President Donald Trump’s second term. Read More: ICE Detention Center In NJ Is First To Open Under Trump's New Term The move will allow ICE to expand its detention capacity in the Northeast region of the country. It will also aid with deportations. Trump has insisted that a nationwide crackdown is needed to push back against a “large-scale invasion” of illegal immigration. “This cannot stand,” Trump said after being inaugurated for his second term. “A nation without borders is not a nation, and the federal government must act with urgency and strength to end the threats posed by an unsecured border.” The facility’s owner, the GEO Group – one of the largest private prison companies in the nation – was recently awarded a 15-year contract that it valued at $1 billion to run the new detention center. “We are continuing to prepare for what we believe is an unprecedented opportunity to help the federal government meet its expanded immigration enforcement priorities,” GEO Group executive chair George Zoley said. Meanwhile, advocates have argued that the reopening of Delaney Hall – which formerly held immigration detainees until it closed in 2017 and was turned into a halfway house – is a severe blow to constitutional rights. It’s also a violation of New Jersey state law, advocates say. Under a 2021 state law, all prisons in New Jersey – public or private – are banned from making new contracts with ICE to hold federal detainees. Prisons also can’t expand or renew old agreements. The law has seen pushback since Gov. Phil Murphy signed it in 2021, however. The GEO Group and CoreCivic – which runs the Elizabeth Detention Center in Union County – have challenged the state ban in court. The administration of former president Joe Biden took the side of private prison companies in that case, arguing that ICE needed detention centers near airports to expedite operations. A judge ruled in 2023 that CoreCivic could keep its jail in Elizabeth open. Federal authorities and prison companies are now seeking to add more detention space in New Jersey, despite the state’s ban. Trump’s immigration crackdown will likely create a massive profit for the GEO Group and CoreCivic. According to the GEO Group, the 15-year, fixed-price contract for Delaney Hall is expected to generate in excess of $60 million in annualized revenues for GEO in the first full year of operations. The company estimated the 15-year value of the contract with normal cost of living adjustments to be approximately $1 billion. According to Open Secrets, the GEO Group spent $1.38 million lobbying the federal government in 2024, and CoreCivic spent $1.77 million. Much of their focus was the appropriations bill funding the Department of Homeland Security, which includes the budget for ICE. The day after Trump was reelected to his second term, the companies’ stock prices soared: GEO Group’s by about 41 percent and CoreCivic’s by nearly 29 percent. The reopening of Delaney Hall has seen a vocal outcry from immigrant rights supporters and some North Jersey residents. Hundreds of people gathered outside the facility in March, demanding that ICE put the reopening on ice. “Nearly 25 percent of New Jersey’s population are immigrants,” an advocate charged. “ICE has no place here.” Activists have continued to defend the state’s 2021 ban on ICE prison contracts, rallying in Philadelphia at a federal Third Circuit Court on May 1 to fight back against detention expansion in New Jersey. “Mass detention is a cruel, failed system that inflicts irreparable harm on our communities – it has no place in our state,” urged Amy Torres, executive director of the New Jersey Alliance for Immigrant Justice. “Our communities are watching, and we won’t stop until the ICE detention ban is fully defended and upheld,” agreed Eliana Fernandez, director of organizing at Make the Road New Jersey. The reopening of Delaney Hall has also seen pushback from city officials, who issued a “stop work” order in late March. Newark Mayor Ras Baraka accused ICE of opening the facility “without following proper building safety protocols” and without the necessary construction permits, continued certificates of occupancy and requests to change the building’s use. “They failed to give city officials access to conduct inspections required under municipal ordinances and state code,” the mayor alleged. “This violates city and state law.” The march towards reopening Delany Hall has continued despite this opposition, with ICE slamming the city’s legal pushback as “aggressive and legally unjustified.” Although the focus on federal immigration enforcement has ramped up since Trump took office, ICE raids also took place in New Jersey during Biden’s watch. Read More: NJ Activists Say Biden’s Playbook On Immigration Is Similar To Trump’s A major immigration sweep took place in North Jersey the week before Trump’s inauguration, with ICE’s Newark field office arresting 33 non-citizens who have committed or been accused of crimes. Read More: Newark ICE Office Makes 33 Arrests, Deportations Loom The Newark field office is located at 970 Broad Street, and processes federal detainees from across the state. Prior to New Jersey’s ban on ICE contracts took effect, hundreds of people were being arrested and deported from the office every month. Read More: ICE In NJ Deported 500 People From Country In 3 Months, Feds Say Send local news tips and correction requests to eric.kiefer@patch.com. Learn more about advertising on Patch here. Find out how to post announcements or events to your local Patch site....
Patch - 5/5/2025 2:36:49 PM
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A Bloomberg report states that Apple (AAPL) could be gearing up for a corporate bond sale, putting shares under pressure. Caroline Woods notes that this only adds to the pressure pout on the Big Tech company....
Schwab Network - 5/5/2025 2:30:49 PM
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Roger Goodell, Josh Harris attend Oval Office event....
NBC Sports - 5/5/2025 6:13:17 PM
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Israel struck Houthi targets in Yemen on Monday night, an Israeli security source said, one day after a ballistic missile struck Tel Aviv’s international airport....
CNN - 5/5/2025 5:36:00 PM
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Gears of War is getting a 4K remaster as Gears of War Reloaded. It’s out this summer for Xbox, PS5, and PC....
Polygon - 5/5/2025 4:40:11 PM
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The TJX Companies, Inc. has shown strong growth in revenue and profitability, driven by increased store count and comparable store sales, but shares are currently overpriced. Despite a solid net cash position and history of returning capital to shareholders, the stock's valuation is too high given the associated risks. Management's optimistic projections for revenue and store expansion are promising, but potential product shortages and economic challenges could impact future performance....
Seeking Alpha - 5/5/2025 2:38:57 PM
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Uber Technologies Inc (NYSE:UBER, ETR:UT8) is expected to beat first-quarter estimates this week due to favorable foreign exchange trends, resilient food delivery demand, and strong growth in new mobility segments offsetting modest US travel softness. Bank of America said it expects Uber to post first-quarter results that come in ahead of Wall Street estimates, pointing to what it called an “attractive” valuation based on free cash flow and growing investor confidence in Uber's long-term position in the autonomous vehicle (AV) ecosystem....
Proactive Investors - 5/5/2025 2:38:39 PM
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Waymo and the auto manufacturing giant Magna International plan to double robotaxi production at their new plant in Mesa, Arizona, by the end of 2026, the companies announced Monday. The "Waymo Driver Integration Plant," a 239,000 square foot facility outside of Phoenix, will assemble over 2,000 Jaguar I-PACE robotaxis by the end of 2026, the tech company said in a statement....
CNBC - 5/5/2025 2:35:06 PM
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Brendan Carr, FCC chairman, discusses the investigation into Disney's DEI policies....
CNBC Television - 5/5/2025 2:30:10 PM
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BGFV incurs a wider year-over-year loss in the first quarter of fiscal 2025 on soft sales and margins. Management eyes recovery with refreshed inventory and store footprint optimization....
Zacks Investment Research - 5/5/2025 2:35:34 PM
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Coinbase's first-quarter performance is likely to have benefited from increased trading volume due to higher volatility....
Zacks Investment Research - 5/5/2025 2:35:33 PM
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UTMD's Q1 2025 earnings fall 16% amid weak OEM sales, FX pressures and higher taxes, despite lower litigation costs and a strong cash position....
Zacks Investment Research - 5/5/2025 2:35:31 PM
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With volatility taking center stage since the beginning of the year, investing in the stock market isn't as easy as it was....
24/7 Wall Street - 5/5/2025 2:33:01 PM
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A rise in the senior citizen population and healthcare expenses, restructuring efforts, and a healthy balance sheet are likely to support WELL....
Zacks Investment Research - 5/5/2025 2:30:38 PM
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Vancouver, British Columbia--(Newsfile Corp. - May 5, 2025) - Banyan Gold Corp. (TSXV: BYN) (OTCQB: BYAGF) – Focused on advancing one of Canada's largest inferred gold resources, Banyan Gold is strategically positioned with strong infrastructure access and near-surface mineralization. With updated drilling results identifying higher-grade gold trends, the company is targeting a resource update and Preliminary Economic Assesment ("PEA") in 2024 to drive its project toward development readiness....
Newsfile Corp - 5/5/2025 2:30:00 PM
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CATL and BYD unveil groundbreaking batteries at the Shanghai Auto Show, promising rapid charging speeds that could revolutionize BEV adoption globally. BYD's new battery technology, the "Super-E Platform," achieves fast charging via a 1,500-volt silicon carbide power chip and reduced internal resistance. BYD's stock surged 13% following the announcement, with analysts predicting significant market penetration for electrified vehicles in China....
Seeking Alpha - 5/5/2025 2:28:47 PM
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With May just getting underway, now is a good time to dive into the worst stocks to own this month, so traders can avoid any potential downfalls....
Schaeffers Research - 5/5/2025 2:28:32 PM
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Given the turbulent track record of the U.S. market this year, many advisors are turning to ETFs that blend income with equity exposure. The reasoning behind this shift is fairly straightforward....
ETF Trends - 5/5/2025 2:26:11 PM
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The S&P 500, Dow Jones Industrial Average (Dow), and Nasdaq Composite are all stock market indexes used to measure the performance of various aspects of the U.S. stock market....
ETF Trends - 5/5/2025 2:26:08 PM
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Heritage Insurance's first-quarter results are likely to benefit from rate adequacy, managed exposures and enhanced underwriting discipline....
Zacks Investment Research - 5/5/2025 2:25:29 PM
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Simeon Gutman, Morgan Stanley retail analyst, joins 'The Exchange' to discuss the tariff impact for retailers....
CNBC Television - 5/5/2025 2:23:23 PM
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Oil managed to rebound from session lows but traders stay cautious as OPEC+ plans to boost production in June....
FXEmpire - 5/5/2025 2:17:38 PM
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The Investment Committee kick off the week with their top picks. Don't miss it!...
CNBC Television - 5/5/2025 2:20:14 PM
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Lexeo Therapeutics, Inc. established further positive interim data from phase 1/2 SUNRISE-FA study using LX2006 for the treatment of patients with Friedreich's Ataxia Cardiomyopathy. Pivotal LXEO registration study of LX2006 for the treatment of patients with Friedreich's Ataxia expected to start in 2026, with data release possible in 2027. The global Friedreich's Ataxia market is projected to reach $3.49 billion by the end of 2034....
Seeking Alpha - 5/5/2025 2:19:03 PM
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Butterfly Networks offers innovative, portable ultrasound devices which is driving strong double-digit revenue growth. Butterfly has a sound strategy of targeting medical students to encourage life-long product loyalty. The company is not yet profitable and there are multiple risks to be aware of....
Seeking Alpha - 5/5/2025 2:18:10 PM
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BP's Kaskida oilfield is slated to be its sixth production hub in the Gulf of America shelf. The FPU for the field has a production capacity of 80,000 barrels of crude oil per day....
Zacks Investment Research - 5/5/2025 2:16:08 PM
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A discounted valuation, solid earnings growth projections and low leverage make ASLE stock a compelling buy before this Wednesday....
Zacks Investment Research - 5/5/2025 2:16:06 PM
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Investors interested in RKLB should refrain from adding this stock to their portfolio before Thursday, considering its premium valuation....
Zacks Investment Research - 5/5/2025 2:16:04 PM
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Declaring foreign film production a national security threat, the president said he had asked his top trade official to start the process of imposing a tax on Hollywood....
The New York Times - 5/5/2025 4:53:00 PM
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WASHINGTON — President Donald Trump announced Monday that the 2027 NFL draft would be held in Washington, D.C. on the National Mall....
NBC News - 5/5/2025 4:41:00 PM
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The lawsuit claims that the Department of Health and Human Services is unable to carry out vital functions due to staffing cuts and closing 13 agencies....
NBC News - 5/5/2025 4:30:00 PM
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@LikeFolio's Andy Swan says he's starting to get bullish again on Celsius (CELH). His firm's data shows an "explosive" of consumer interest building in its brand....
Schwab Network - 5/5/2025 2:00:51 PM
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BK expands its presence in the Middle East with approval to establish a regional headquarters in Saudi Arabia....
Zacks Investment Research - 5/5/2025 2:05:32 PM
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ET's first-quarter earnings are likely to have benefited from rising demand and expansion of transportation and processing capacity in their service region....
Zacks Investment Research - 5/5/2025 2:05:31 PM
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MNST's first-quarter 2025 results are likely to reflect gains from strength in its energy drinks category and product launches....
Zacks Investment Research - 5/5/2025 2:05:29 PM
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BioCryst Pharmaceuticals' flagship product ORLADEYO shows remarkable growth, maintaining a persistent upward trajectory since its launch in 2020, and is expected to continue into 2025. Despite heavy reliance on ORLADEYO, BCRX stock remains a "Buy" due to its strong market presence and growth potential in the hereditary angioedema therapy market. The 10-K report highlights competition, including late-stage therapies and an upcoming PDUFA date for KalVista's sebetralstat, which could impact market dynamics....
Seeking Alpha - 5/5/2025 2:05:10 PM
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Wells Fargo CEO Charles Scharf sits down with David Faber at the 2025 Milken Institute Global Conference to discuss outlooks on trade....
CNBC Television - 5/5/2025 2:00:14 PM
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The stock of Sketchers (SKX 24.44%) is surging in Monday's trading following an announcement that the company is set to be acquired. The footwear specialist's share price was up 24.5% as of 1:45 p.m....
The Motley Fool - 5/5/2025 1:58:25 PM
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The First Trust Morningstar Dividend Leaders Index Fund offers a high yield that outweighs the fund's management fees....
24/7 Wall Street - 5/5/2025 2:02:45 PM
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Zimmer Biomet reports solid first-quarter performance across its geographic regions. However, contraction in its operating margin is a concern....
Zacks Investment Research - 5/5/2025 2:00:35 PM
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Although the revenue and EPS for Henry Schein (HSIC) give a sense of how its business performed in the quarter ended March 2025, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers....
Zacks Investment Research - 5/5/2025 2:00:34 PM
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Alamos produced ~125,000 ounces at $1,805/oz AISC, translating to a dip in production at significantly higher costs in what was a noisy quarter. That said, Alamos has reiterated production guidance, expects a much stronger Q2 and H2 2025 & we should see a material decline in unit costs going forward, back to industry-leading levels. More importantly, reserve/resource growth combined with continued exploration success gives Alamos an enviable pipeline that should be able to support growth to 1.0 million ounces of gold per year....
Seeking Alpha - 5/5/2025 2:00:00 PM
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