Tag: stock market

Pelosi raked in millions last year — and her portfolio out-performed every large hedge fund with stunning returns

She might be the She-Wolf of Wall Street.

Rep. Nancy Pelosi (D-California) raked in between $7.8 and $42.5 million in 2024 — meaning her estimated net worth with venture capitalist hubby Paul Pelosi could now top out at $413 million, new financial disclosures showed.

The staggering sum is an eye-popping jump from 2023, when financial disclosures showed the couple’s net worth topping out at a possible $370 million.

Pelosi’s exact net worth is not known because lawmakers are only required to disclose ranges.

Market research firm Quiver Quantitative, which estimates a single figure based on daily stock values it tracks, placed the pair’s 2024 worth at $257 million — up $26 million from a year earlier.

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Trump’s $795M Data Power Play Sends Palantir Soaring 140%–But Here’s the Hidden Risk

Palantir (NASDAQ:PLTR) is riding a wave of government contracts as the Trump administration ramps up efforts to centralize and analyze federal data. Since Trump signed an executive order in March calling for more interagency data sharing, Palantir has quietly become the go-to vendor for building that digital infrastructure. The company has landed more than $113 million in new and extended federal contracts since Trump took office including a blockbuster $795 million deal with the Pentagon last week. Palantir’s Foundry platform is already in use at Homeland Security and Health and Human Services, and engineers were recently embedded at the IRS to begin building a unified, searchable database for taxpayer records. Talks are also underway with the Social Security Administration and Department of Education, suggesting more agencies could follow.

Investor enthusiasm hasn’t lagged. Since Trump’s re-election, Palantir shares have surged more than 140%, fueled by the prospect that the company may now become the digital backbone of the U.S. federal government. The Department of Government Efficiency (DOGE)a Musk-led initiativehas been instrumental in Palantir’s rise, with several DOGE members having ties to Palantir or Peter Thiel-backed ventures. The company’s tools are now being used to connect data points ranging from immigration status and bank accounts to student loans and disability claims. In April, Immigration and Customs Enforcement (ICE) awarded Palantir a $30 million contract to track migrant movements in real time another sign of how fast the government is scaling its use of Foundry.

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Bill Proposes Ban on Stock Trading for Congress Members

U.S. Senator Mark Kelly from Arizona has put forward a bill that aims to put an end to congressional stock trading. This legislation, known as the Ban Congressional Stock Trading Act, would require all members of Congress, along with their spouses and children, to place their stocks into a blind trust or sell them off. Kelly’s office insists this move is necessary to prevent any use of insider information for personal gain.

Kelly emphasized that as Americans struggle with rising living costs, they should not have to worry about their elected officials making money through insider trading. He was clear in his statement, “The only way to stop insider trading in Congress is to stop members of Congress from trading stocks. Period.” Kelly seems confident that the American public is on his side with this issue.

Backing up his stance, Kelly referenced a survey conducted by the Program for Public Consultation at the University of Maryland. The survey found that a staggering 86% of Americans support such legislation. This includes a solid majority across political lines: 88% of Democrats, 87% of Republicans, and 81% of Independents.

Kelly is hopeful that this bill will help restore trust in the government and address some of the issues plaguing Washington. Senator Jon Ossoff from Georgia has also taken up the cause, introducing the bill alongside Kelly. Ossoff pointed out that members of Congress have unique access to confidential information, which they could potentially exploit for financial gain.

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Coinbase Customers’ Personal Data Stolen in Hack, Stock Drops

The cryptocurrency exchange Coinbase was recently targeted in a hacking incident that led to the personal data of thousands of customers being stolen, the company said in a May 15 statement.

According to a March 31 filing with the Securities and Exchange Commission (SEC), Coinbase had 9.7 million monthly transaction users (MTU) by the end of that month.

Since the company claims that less than 1 percent of MTUs have been impacted by the hack, the number of affected individuals could be around 97,000.

Hackers got access to names, addresses, phone numbers, emails, last four digits of Social Security numbers, masked bank account numbers and identifiers, government ID images such as driver’s licenses and passports, and account data such as balance snapshots and transaction history.

Hackers did not get access to login credentials or 2FA codes, private keys, customer funds and the ability to move these funds, Coinbase Prime accounts, Coinbase or Coinbase customer hot or cold wallets.

Following the revelation, Coinbase shares crashed by 7.2 percent on Thursday.

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Stock market watchdog claims Nancy Pelosi raked in $4.7M in single day of trading

Stock market watchdog Quiver Quantitative announced Monday that Rep. Nancy Pelosi, D-Calif., had made millions in the market since that day’s opening bell.

The representative allegedly raked in $4.7 million, according to Quiver’s estimates. It claimed that figure inflated her overall net worth to $261.9 million.

An X account dedicated to tracking Rep. Pelosi’s stock market activity added the sum amounted to 26 times her annual salary.

A representative of Rep. Pelosi’s office told The National News Desk Tuesday the former House speaker does not own any stocks, adding that the tracked account belongs to her husband Paul Pelosi.

“Speaker Pelosi does not own any stocks, and she has no prior knowledge or subsequent involvement in any transactions,” they wrote via email.

The findings come as lawmakers are renewing a push to ban members of Congress from trading stocks. Sens. Josh Hawley, R-Mo., Bernie Sanders, I-Vt., and John Fetterman, D-Pa., in 2024 voiced support for legislation to require lawmakers release control of their money by placing it in a blind trust.

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Sen. Josh Hawley: The Pelosis Beat Every Hedge Fund with Their Stock Trading

Former House Speaker Nancy Pelosi (D-CA) and her husband, Paul, have made hundreds of millions of dollars off Nancy’s insider knowledge, but Sen. Josh Hawley (R-MO) has a plan to stop it, he told Breitbart Editor-in-Chief Alex Marlow on Thursday’s episode of The Alex Marlow Show.

Hawley reintroduced the Preventing Elected Leaders from Owning Securities and Investments (PELOSI) Act in April to ban members of Congress and their family members from being able to trade or hold stocks.

The bill’s namesake, former Speaker Nancy Pelosi (D-CA), has made “hundreds of millions” – despite a salary never higher than just over $200,000 – since her election to Congress. Hawley said that cannot be done following the law.

“You don’t do it legally,” Hawley said of Pelosi’s acquisition of wealth. “And here’s the thing, Nancy Pelosi and her husband last year, in 2024, beat every hedge fund in the nation, practically. So, either Nancy Pelosi is a mathematical and financial analyst genius… or maybe, maybe the information that she’s privy to turns out to be pretty darn valuable.”

“And everybody knows it’s the second thing. It’s just outrageous,” he added.

Hawley’s nonpartisan bill would be enforced for both Republicans and Democrats, but Pelosi is the most notorious offender.

Hawley said for her to have that success without breaking the law and using insider information, Nancy would have to be “a total financial genius, the likes of which comes along once every I don’t know, 1,000 years.”

Hawley believes elected officials staying in elected office longer than the founders intended is connected with the problem of members exploiting the office to enrich themselves. Its “no coincidence” that “the longer they’re here, the more ways they find to make money off of their jobs,” he told Marlow.

“Members of Congress are paid a salary. That’s fine, obviously, but we’re not talking about that,” he said. “We’re talking about millions and millions and millions of tens of millions of dollars – hundreds of millions, in the Pelosi case that they’ve made while she has been in office.”

Members of Congress “leveraging the office” to get rich is “the farthest thing from what the Founders intended,” Hawley said. “And really it’s a disaster for our system if it’s allowed to continue without any kind of check.”

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Stocks surge as White House confirms 100 countries want a trade deal with U.S.

White House spokeswoman Karoline Leavitt has confirmed that there is progress on President Donald Trump’s agenda to get fair international trade standards for American manufacturers and consumers alike.

The president launched a series of tariff battles because for years American producers have had to pay high tariffs to get their products and services into other nations, while those nation’s often have been given virtually free access to American markets.

The imbalance is what has caused America’s large trade deficit and other financial complications.

Trump’s tariffs have been producing results she said.

“We’re doing very well in respect to a potential trade deal with China. There have now been 18 proposals and more than 100 countries around the world who are wanting to make a deal with the United States of America,” Leavitt confirmed.

“The president and administration are setting the stage for a deal with China. … We feel everyone involved wants to see a trade deal happen — and the ball is moving in the right direction.”

The Daily Mail pointed out the Dow Jones Industrial Average rocketed up 600 points on the announcement. Actually, the market surged about 1,000 points on the news.

Fox News reported she continued, “You have Secretary Bessent, Secretary Lutnick, Ambassador Greer, NEC Director Hassett and Peter Navarro, the entire trade team meeting with 34 countries this week alone. We are moving at Trump speed to ensure these deals are made on behalf of the American worker and the American people.”

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Futures Soar On Optimism For Tariff Deals

After three days of big losses and record-breaking volatility, equity futures are rebounding sharply following somewhat soothing comments from Treasury Secretary Bessent (although how long the relative calm lasts is anyone’s guess, given there’s little clarity about what Trump wants in exchange for cutting tariffs). As of 8:10am, S&P futures are 2.9% higher, a bounce which started around the time we informed readers that Goldman’s head of risk of risk had turned bullish yesterday afternoon; Nasdaq futures are up 2.7%, with all Mag7 names higher with Semis and Cyclicals also outperforming. European and Asian markets are also broadly higher. The VIX is down 10 vols below 40, while Chinese ADRs are mixed. Bond yields have reversed earlier losses and are up 1bp to 4.22% with the USD dropping. Todays’ macro data focus is the Small Business Optimism report which saw sentiment tumble to 97.4 from 100.7 the lowest since the Trump election (Hiring Plans also slumped; these tend to have a lagged but positive correlation to NFP).

In premarket trading, Nvidia is leading the Magnificent Seven higher (Nvidia +4%, Amazon +3.3%, Meta +3%, Tesla +3.0%, Alphabet +2.5%, Apple +1.6%, Microsoft little changed). Health insurance stocks are rallying after the Centers for Medicare & Medicaid Services finalized a 5.06% average increase in payments to Medicare Advantage plans from 2025 to 2026, an increase from its earlier projection (Humana +14%, Alignment Healthcare +10%, CVS +8.8%, UnitedHealth +7.2%, Centene +4.9%). Here are some other notable premarket movers:

  • Agco Corp. (AGCO) rises 2% after Citi upgraded the agricultural equipment company to buy, saying that the company is “favorably positioned given its ~65% exposure to Europe and South America, which we anticipate recovering ahead” of North America.
  • Blackstone (BX) rises 3% after the private equity firm is upgraded to market outperform from market perform at Citizens.
  • Chegg (CHGG) falls 2% as JPMorgan downgrades its rating to underweight, saying the education technology company is facing secular headwinds.
  • CME (CME) rises 2.5% and Charles Schwab (SCHW) gains 3.4% after Morgan Stanley upgrades its ratings across exchange operators and brokers in a hunt for more defensive exposure.
  • El Pollo Loco (LOCO) rises 10% after receiving an unsolicited, non-binding indication of interest from Biglari Capital Corp.
  • Eli Lilly & Co (LLY) climbs 2% after Goldman Sachs upgraded the obesity drugmaker to buy, citing a “compelling entry point into the sector’s premier topline grower” at current levels.
  • Levi Strauss (LEVI) jumps 11% after the apparel retailer maintained its full-year outlook in the face of sweeping new US tariffs that are poised to significantly raise costs for multinational apparel companies.
  • Marvell Technology (MRVL) climbs 4% after Infineon agreed to buy the chip designer’s automotive networking business for $2.5 billion. The deal makes sense given the firm’s strategic focus on artificial intelligence, analysts say.
  • Nu Holdings (NU) rises 4% after JPMorgan upgraded the bank to overweight, saying “even in our more conservative estimates we see Nu growing earnings more than 30% in next 3 years, something hard to find.”
  • Teradata Corp. (TDC) rises 4% after Morgan Stanley upgraded the database management company to overweight, saying “we acknowledge the company remains a model in transition with risk of extending sales cycles,” but at the current valuation, “we believe this is more than priced in.”

Traders are dipping back into risk assets after one of the most brutal selloffs in years, with some taking hints that President Donald Trump might be willing to ease his position on trade terms after Japan pushed ahead with talks. That sent the Nikkei 225 index to a 6% surge. Goldman traders are turning outright bullish anticipating a big bounce in stocks here, with many citing expectations that Trump will cut trade deals.

“The Trump administration is signaling his openness to trade deals,” said Elias Haddad, a strategist at Brown Brothers Harriman. “Regardless, the pervasive uncertainty created by continuously changing US tariff threats and the scope of potential retaliatory measures remain a major blow to the global economy. Bottom line: relief rallies in risk assets will likely be short-lived.”

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Tesla Takedown Revolutionaries Prepare Mobilization Nationwide

Far-left revolutionaries behind the “Tesla Takedown” color revolution operation have identified dozens of Tesla targets nationwide and are preparing to mobilize far-left agitators aligned with the Democratic Party to those locations as soon as Saturday, in what the rogue group—reportedly funded by Soros-linked organizations like Indivisible—calls a “Global Day of Action.”

The Tesla Takedown website links to The Action Network—an online platform used by shady far-left NGOs to organize and fundraise—which shows that groups like Troublemakers and the Disruption Project are leading tomorrow’s efforts to “tank Tesla’s stock” and destroy shareholder value

“Stopping Musk will help save lives and our democracy,” Tesla Takedown wrote on its website, adding, “The stakes couldn’t be higher. No one is coming to save us—not politicians, not the media.” 

Tesla Takedown’s claims are baseless and not grounded in fact.

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The Nvidia Story Is A Narrative Scam Attack On US Markets

Simple fact: You must have maximum powered servers, high speed computing (HSC), and superconductor chip production to make AI. Where did this “small China lab” get the chips and power

CNBC reported that perhaps the Chinese lab “found a way to work around the rules, or that the export controls were not the chokehold Washington intended.”

They are referring to ITARs, and with such demand and control on the GPUs, there is absolutely NO WAY. Nvidia or other such tech chip firms had to have facilitated this Chinese effort to produce this AI. PERIOD.

And that is against FEDERAL LAW.

This was an attack on the US Market and the new Trump Administration.

If I were a betting man, I would expect that the Deep State of the US that was just unseated, assisted the CCP to build this AI. It’s the ONLY way China would have been able to put this perfect storm together.

Remember the Wuhan lab and U.S. cooperation to develop a gain-of-function enhanced coronavirus?

Get ready, the truth is going to come out fast.

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