Author: openjargon

  • Sandy Hook victim’s brother is ‘shocked’ that a letter Trump once sent him turned up in a Mar-a-Lago evidence photo

    An evidence photo from the Mar-a-Lago classified documents case shows a letter Donald Trump sent JT Lewis, right, in 2018.
    An evidence photo from the Mar-a-Lago classified documents case shows a letter Donald Trump sent JT Lewis, right, in 2018.

    • JT Lewis, whose brother Jesse died at Sandy Hook, was "shocked" by a Mar-a-Lago evidence photo.
    • It showed that a box containing classified documents also held a letter Trump sent him in 2018.
    • "It was nice of him to keep the letter," Lewis said.

    In 2018, JT Lewis, whose little brother Jesse died in the Sandy Hook Elementary School shooting, received a signed letter from Donald Trump. He keeps it in a frame above his living room couch, where he sees it every day.

    He was "shocked" this week when an image of the letter turned up in a widely publicized prosecution filing in the Mar-a-Lago classified documents case.

    The image shows an unsigned draft of the letter he cherishes resting inside a box, on top of other presidential mementos, including newspaper articles and notes on White House stationary.

    It was one in a series of evidence photos that prosecutors with special counsel Jack Smith say shows Trump mingled presidential "keepsakes" with national secrets.

    This evidence photo from the Mar-a-Lago classified documents case shows a letter Donald Trump sent in 2018 to the older brother of a Sandy Hook shooting victim.
    This evidence photo from the Mar-a-Lago classified documents case shows a letter Donald Trump sent in 2018 to the older brother of a Sandy Hook shooting victim.

    "It was nice of him to keep the letter," Lewis said Wednesday.

    "It's word for word," what Trump sent him in June 2018, he said. "Except Jack Smith blacked out my name, and it's not signed," he added. "My copy is signed, of course."

    In the letter, Trump thanks Lewis for coming to the White House "for discussions regarding the safety of our schools."

    Trump's letter tells Lewis that the nation will forever remember the 2012 tragedy, in which 20 children and seven adults died, and it thanks Lewis for being "a meaningful example of the healing power of helping others" through his organization, Newtown Helps Rwanda.

    https://platform.twitter.com/widgets.js

    Lewis and his mother, Scarlett Lewis, were invited to the White House six years after the Sandy Hook shooting and soon after the Parkland, Florida, high school shooting to speak with Trump about his National School Safety Initiative.

    Both mother and son were by then school-safety activists, JT through the now-defunct Rwanda initiative and Scarlett through the still-active ChooseLoveMovement.com, which advocates for life-skills programs for kids to help prevent more shootings.

    "That's partially how he healed, by helping other people," Scarlett Lewis told Business Insider Wednesday of JT, who was 12 when his 6-year-old brother died.

    "To have a president acknowledge that, and write him a letter and sign it personally was very meaningful to JT," she said. "And then to see that it was something he kept was very, very moving," she said of Trump.

    "He was shocked to see Trump kept the letter."

    JT Lewis said Wednesday he remains a huge fan of Trump.

    "I was actually just with him two days ago in New Orleans at a fundraiser," he said.

    "We were able to catch up. I wish it had happened before that," he said of the letter resurfacing. "I would have talked about it with him."

    Jesse McCord Lewis died shortly after shouting "Run!" while directing classmates to safety, according to his obituary and multiple news accounts. June 30 would have been his 13th birthday.

    Rather than run himself, he stayed behind to help a "beloved teacher," Victoria Soto, as she lay dying, Scarlett Lewis told BI.

    "Jesse saved nine classmates, and a lot of the kids are in the news, graduating from high school and giving him credit for saving their lives," the mom said.

    Read the original article on Business Insider
  • Shotguns emerge as a low-tech weapon to counter commercial drones in modern warfare

    A DJI Enterprise model drone that is used as an antenna to amplify the signal of FPV drones loaded with explosives
    A DJI Enterprise model drone that is used as an antenna to amplify the signal of FPV drones loaded with explosives is seen in the Kharkiv region, Ukraine.

    • Shotguns found a new niche role in modern warfare as low-tech, effective anti-drone weapons.
    • Commercial drones are becoming standard on the battlefield, particularly in the war in Ukraine.
    • Countries like France, Belgium, and the US are also looking to adopt shotguns to counter drones.

    The shotgun's role in warfare has had an interesting development. During the Revolutionary War, the famed buck-and-ball loadings proved to be remarkably efficient at ensuring the Red Coats stayed red. In the Civil War, the Confederacy often lacked rifles, and mounted troops with muzzle-loaded shotguns wreaked havoc on horseback. World War I made them trench guns and World War II jungle guns. The GWOT had them knocking down doors, and in 2024, shotguns found a new niche role.

    The rise of cheap, mass-produced, civilian, and even toy-grade drones has changed the battlefield. In many ways, drones are the new Improvised Explosive Devices. They are a new, extremely dangerous threat that doesn't comply with the tactics we'd been taught for the last two decades. The war in Ukraine has cemented commercial drones as potent weapons.

    Much like aircraft in World War I, commercial drones started life as reconnaissance assets, but it wasn't long until they were weaponized. Given the size and price of commercial drones, they are remarkably efficient and extremely deadly.

    Several high-tech counter-drone measures have been employed, and more are being developed. While these tools are few and unrefined, the humble shotgun has once more emerged as a potential anti-commercial drone option.

    The shotgun as a drone killer

    Girls examine a pump-action shotgun during shooting training for civilians outside the Ukrainian city of Kharkiv.
    Girls examine a pump-action shotgun during shooting training for civilians outside the Ukrainian city of Kharkiv.

    Shotguns function differently than rifles or pistols. They are loaded with sealed shells that hold multiple projectiles inside them called "shot." Therefore, when a shotgun is fired, it fires multiple projectiles all at once. The spread of shot famously makes it easier to hit your target.

    One of the most common uses of shotguns is hitting flying targets, this could include birds and clay pigeons — but drones are also flying targets, so shotguns are their natural predators.

    The benefit of shotguns is that they are low-tech and easily available. Further, shotguns are fairly lightweight weapons and could be carried by a designated troop alongside a service rifle. Sure, it sucks to carry two guns, but it also sucks to get a grenade dropped on you from a tiny drone.

    The best shot option to take out drones would be birdshot, specifically, heavy birdshot made for shooting geese and similar large fowls. The pellets wouldn't even have to completely destroy the drone; instead, just a few pellets hitting the propellers or body could destabilize it enough to render it ineffective.

    When it comes to shotgun type, semi-auto would work best as they allow for quick follow-up shots in case of a miss. (Pump-action shotguns could also work: although they require the manual movement of a pump to chamber the next cartridge, they would still offer a fairly fast second shot.)

    A proven concept

    Soldiers fire at an unmanned aerial vehicle from a FREMM-class frigate.
    Soldiers fire at an unmanned aerial vehicle from a FREMM-class frigate.

    In 2022, the French Armed Forces chose the Benelli Supernova 12-gauge as their shotgun and adopted tactical models with 18- and 14-inch long barrels. However, they also adopted a 28-inch barreled model to serve as an anti-drone weapon, as the longer barrel offers a longer sight radius and better swing for dealing with flying threats.

    The Supernova also offers a 3.5-inch chamber, which allows for some hefty rounds with lots of shot dispersed. (The 3.5-inch rounds are popular with bird hunters because of all the shot they can hold.)

    The Supernova is an interesting choice but fairly standard compared to the Ukrainian option.

    Ukraine's armed forces purchased several thousand Turkish Hatsan shotguns in a bullpup configuration. This means the magazine and action are behind the trigger, making the weapon shorter, which is nice for armored troops. However, Turkish shotguns have a poor reputation for reliability, and I imagine the battlefield will beat them to hell.

    On the other hand, the Belgians adopted the Benelli M4, one of the world's best fighting shotguns, for anti-drone work. The United States is experimenting with both shotguns and electronic countermeasures against drones.

    The downside of shotguns

    Ukrainian servicemen scan the sky for Russian drones and aircraft
    Ukrainian servicemen scan the sky for Russian drones and aircraft at a position in the Donetsk region of Ukraine.

    Shotguns have a very limited range, and even with the best birdshot, we are looking at 50 yards at most. Yet, drones can fly higher than that. Specialized munitions could potentially resolve that, and they do exist in the form of various net devices. Still, those create a logistic-chain issue versus standard off-the-shelf options.

    Even with their limitations, shotguns prevent drones from getting too close. The closer a drone can get with a droppable munition, the more accurate it tends to be. Also, drone cameras don't always provide the clearest footage, which can force a drone to fly lower to spot targets.

    Shotguns won't be the ultimate, end-all option against commercial drones, but they are an infantry and armor organic weapon that could be easily used in this role.

    Commercial UAV warfare has carved another niche in which the shotgun can excel. No matter how warfare has changed since the 18th century, shotguns continue to serve on the battlefield.

    READ MORE FROM SANDBOXX NEWS

    Read the original article on Business Insider
  • Buy Telstra and these ASX dividend stocks in July

    A woman standing in a blue shirt smiles as she uses her mobile phone to text message someone

    There are plenty of quality ASX dividend shares to choose from on the Australian share market.

    But which ones could be great options for income investors?

    Three that have been tipped as buys are listed below. Here’s why they could be worth a look:

    APA Group (ASX: APA)

    APA Group could be an ASX dividend share to buy according to analysts at Macquarie. It is an energy infrastructure business that owns, manages, and operates a diverse portfolio of gas, electricity, solar and wind assets.

    The broker currently has an outperform rating and $9.40 price target on the company’s shares.

    As for dividends, the broker believes that APA Group is on course to increase its dividend for the 20th year in a row. It is forecasting dividends per share of 56 cents in FY 2024 and then 57.5 cents in FY 2025. Based on the current APA Group share price of $8.32, this equates to 6.7% and 6.9% dividend yields, respectively.

    Rural Funds Group (ASX: RFF)

    Over at Bell Potter, its analysts think that Rural Funds could be an ASX dividend share to buy right now. It is a property company that owns a portfolio of high-quality assets across a number of agricultural industries.

    These properties are predominantly leased to corporate agricultural operators on long-term agreements.

    Bell Potter currently has a buy rating and $2.40 price target on its shares.

    In respect to income, the broker is forecasting dividends per share of 11.7 cents in both FY 2024 and FY 2025. Based on the current Rural Funds share price of $2.04, this will mean dividend yields of 5.7% for investors.

    Telstra Corporation Ltd (ASX: TLS)

    A third ASX dividend share that could be a buy is Telstra.

    That’s the view of analysts at Goldman Sachs, which remain positive on the telco giant despite a recent underwhelming guidance update.

    The broker continues to believe that the “low risk earnings (and dividend) growth that Telstra is delivering across FY22-25, underpinned through its mobile business, is attractive.”

    But the positives don’t end there. Goldman highlights that the company “has a meaningful medium term opportunity to crystallise value through commencing the process to monetize its InfraCo Fixed assets.”

    Its analysts are forecasting fully franked dividends of 18 cents per share in FY 2024 and then 18.5 cents per share in FY 2025. Based on the current Telstra share price of $3.62, this equates to dividend yields of 5% and 5.1%, respectively.

    Goldman currently has a buy rating and $4.25 price target on Telstra’s shares.

    The post Buy Telstra and these ASX dividend stocks in July appeared first on The Motley Fool Australia.

    Should you invest $1,000 in Apa Group right now?

    Before you buy Apa Group shares, consider this:

    Motley Fool investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Apa Group wasn’t one of them.

    The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

    And right now, Scott thinks there are 5 stocks that may be better buys…

    See The 5 Stocks
    *Returns as of 24 June 2024

    More reading

    Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Macquarie Group. The Motley Fool Australia has positions in and has recommended Apa Group, Macquarie Group, Rural Funds Group, and Telstra Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

  • 3 top ASX ETFs to buy in July

    A group of young ASX investors sitting around a laptop with an older lady standing behind them explaining how investing works.

    If you want to make some investments but aren’t a fan of stock picking, then it could be worth considering exchange-traded funds (ETFs).

    That’s because they allow investors to buy a large collection of shares through a single investment. This makes it an easy way to diversify a portfolio.

    But which ASX ETFs could be great options for investors in July? Let’s take a look at three:

    Betashares Global Cash Flow Kings ETF (ASX: CFLO)

    The first ASX ETF to look at is the Betashares Global Cash Flow Kings ETF

    Analysts at Betashares recently named it as one to consider. They highlight that companies that generate high levels of free cash flow have a tendency to outperform broad global equity benchmarks over the medium to long term.

    This could make the Betashares Global Cash Flow Kings ETF a great long term option for investors. This is because it focuses on global companies that demonstrate strong and consistent free cash flow generation, growth of free cash flow, and relatively low levels of debt.

    Among its holdings are household names such as Alphabet (NASDAQ: GOOG) and Costco (NASDAQ: COST).

    Vanguard Australian Shares Index ETF (ASX: VHY)

    A second ASX ETF to look at is the Vanguard Australian Shares High Yield ETF.

    It could be a good option if you’re looking for income from the share market. That’s because it provides investors with low-cost exposure to a portfolio of 70+ ASX shares that have higher forecast dividends relative to the market average.

    But you’re not just buying the banks and miners. Vanguard highlights that security diversification is achieved by restricting the proportion invested in any one industry to 40% of the total ETF and 10% for any one company. It also points out that Australian Real Estate Investment Trusts (A-REITS) are excluded from the fund.

    Among the dividend-paying shares you will be owning are giants BHP Group and Commonwealth Bank of Australia (ASX: CBA), as well as smaller companies such as Centuria Capital Group (ASX: CNI) and Dicker Data Ltd (ASX: DDR).

    The ETF currently trades with a trailing dividend yield of 4.9%.

    Vanguard MSCI Index International Shares ETF (ASX: VGS)

    A final ASX ETF that could be a great option for investors in July is the Vanguard MSCI Index International Shares ETF.

    It provides investors with access to approximately 1,500 of the world’s largest listed companies from major developed countries.

    Vanguard highlights that investing internationally offers greater access to sectors such as technology and health care that aren’t as well represented on the Australian share market.

    Among the ETF’s holdings are global giants from a range of industries. This includes Apple, Johnson & Johnson, JP Morgan, Nestle, and Visa.

    The post 3 top ASX ETFs to buy in July appeared first on The Motley Fool Australia.

    Should you invest $1,000 in Betashares Global Cash Flow Kings Etf right now?

    Before you buy Betashares Global Cash Flow Kings Etf shares, consider this:

    Motley Fool investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Betashares Global Cash Flow Kings Etf wasn’t one of them.

    The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

    And right now, Scott thinks there are 5 stocks that may be better buys…

    See The 5 Stocks
    *Returns as of 24 June 2024

    More reading

    Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool’s board of directors. JPMorgan Chase is an advertising partner of The Ascent, a Motley Fool company. Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Alphabet, Apple, Costco Wholesale, JPMorgan Chase, and Visa. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended Johnson & Johnson and Nestlé. The Motley Fool Australia has positions in and has recommended Dicker Data. The Motley Fool Australia has recommended Alphabet, Apple, Vanguard Australian Shares High Yield ETF, and Vanguard Msci Index International Shares ETF. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

  • 2 All Ords ASX defence shares ‘poised to thrive’

    defence personnel operating and discussing defence technology

    Two All Ordinaries Index (ASX: XAO) ASX defence shares are among a select basket of stocks “poised to thrive in the coming decade”.

    That’s according to the fund managers at Tamim Asset Management.

    The All Ords ASX defence shares in question are DroneShield Ltd (ASX: DRO) and Codan Ltd (ASX: CDA).

    Now, both stocks have already been shooting the lights out.

    The Codan share price has soared 60% over 12 months and is up 40% so far in 2024.

    The DroneShield share price has rocketed an eye-watering 532% over 12 months and is up 301% year to date.

    To put that in some perspective, the All Ords has gained 10% in 12 months and is up 2% in 2024.

    Looking ahead, both ASX defence shares stand to be among the bigger beneficiaries of the AI revolution.

    But that’s not why Tamim believes they’ll thrive over the next 10 years.

    That investment rationale relates instead to their direct links to the global defence industry.

    Government spending tailwinds

    Successful international and ASX defence shares have some significant advantages over companies operating in other sectors due to the nature of government defence spending.

    As Tamim pointed out, “substantial government spending provides a consistent revenue stream” for these companies.

    Pointing to the defence budgets of the United States and Australia, the fund manager noted, “Government spending on defence remains robust, driven by the need to maintain national security and technological superiority.”

    Atop those big spending packages, international and ASX defence shares also tend to benefit from long-term government contracts, providing investors with some security over next year’s revenue stream.

    “By recognising these dynamics, investors can uncover quality businesses with strong tailwinds poised to thrive in the coming decade,” Tamim said.

    All Ords ASX defence shares well-positioned to capitalise

    Tamim highlights DroneShield, a leading provider of counter-drone and multi-mission unmanned systems solutions, as one of the promising players in the Australian defence sector.

    The All Ords ASX defence share employs AI and machine learning to deliver advanced technologies for military, government, and commercial organisations in more than 70 countries.

    According to Tamim:

    In the most recent quarterly report, DroneShield reported incredible financial results for the first quarter of 2024, with revenue growing 10 times year-over-year and a significant increase in order intake.

    The company has also expanded its global footprint, securing major contracts with military and government agencies, particularly in the US. Over the past 12 months, DroneShield’s share price has rocketed, reflecting the growing demand for counter-drone solutions and the company’s successful execution of its strategic initiatives.

    As the threat of drone-related incidents continues to rise, DroneShield is well-positioned to capitalise on the increasing need for effective counter-drone technologies.

    Tamim is also bullish on the outlook for Codan.

    Codan develops rugged electronics solutions for government, corporate and consumer markets worldwide.

    According to Tamim:

    The company’s communications segment produces equipment used by military, law enforcement, humanitarian, and commercial organisations known for reliability and performance in harsh environments, making them ideal for defence applications.

    Codan’s focus on innovation and quality ensures it remains a trusted supplier in the defence communications market. The company’s technologies also include metal detection…

    On the performance front, the fund manager added:

    The company delivered a strong H1 FY24 result, with group revenue up 26% to $265.9 million and net profit after tax increasing 24% to $38.1 million compared to the prior corresponding period.

    The Communications segment achieved 12.5% revenue growth, while Metal Detection revenues surged 49%.

    Despite higher expenses due to acquisitions and investments, earnings before interest & tax (EBIT) and net profit after tax (NPAT) grew 31% and 24% respectively. Net debt increased to $82.5 million after funding $30.3 million for the Eagle and Wave Central acquisitions.

    Looking ahead, Tamim noted that the ASX defence share expects its Communications revenue growth to exceed the top end of its 10% to 15% target range.

    The post 2 All Ords ASX defence shares ‘poised to thrive’ appeared first on The Motley Fool Australia.

    Should you invest $1,000 in Codan Limited right now?

    Before you buy Codan Limited shares, consider this:

    Motley Fool investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Codan Limited wasn’t one of them.

    The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

    And right now, Scott thinks there are 5 stocks that may be better buys…

    See The 5 Stocks
    *Returns as of 24 June 2024

    More reading

    Motley Fool contributor Bernd Struben has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended DroneShield. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

  • HBO’s upcoming ‘Harry Potter’ TV show just got a major update — here’s everything to know

    Daniel Radcliffe as Harry Potter in "Harry Potter and the Deathly Hallows: Part 2."
    Daniel Radcliffe as Harry Potter in "Harry Potter and the Deathly Hallows: Part 2."

    • Warner Bros. Television is working on a scripted "Harry Potter" TV show for HBO. 
    • The series was announced at a Warner Bros. Discovery press event in Los Angeles in April 2023.
    • The show is eyeing a release in 2026 and will remain "faithful" to the book series.

    A "Harry Potter" TV show is in the works.

    At a press event in LA in April 2023, Warner Bros. Discovery first confirmed it's expanding the wizarding world with an upcoming TV series, originally planned for release on its streaming service, Max. On Tuesday, Variety reported that the series would be branded as an HBO original instead.   

    The upcoming untitled "Harry Potter" series will feature a new cast to bring a new generation into the wizarding world franchise created by author J.K. Rowling. 

    Here's everything we know so far about the show.

    The series will be a 'faithful adaptation of the beloved original Harry Potter books'

    harry potter and the order of the phoenix
    Rupert Grint, Daniel Radcliffe, and Emma Watson starred in the "Harry Potter" films.

    "We are delighted to give audiences the opportunity to discover Hogwarts in a whole new way," said Casey Bloys, Chairman and CEO of HBO & Max content in a press release shared with Business Insider. "Harry Potter is a cultural phenomenon and it is clear there is such an enduring love and thirst for the Wizarding World." The series will "dive deep into each of the iconic books that fans have continued to enjoy for all of these years."

    In the same release, Rowling said: "Max's commitment to preserving the integrity of my books is important to me, and I'm looking forward to being part of this new adaptation which will allow for a degree of depth and detail only afforded by a long-form television series."

    Francesca Gardiner will be the showrunner and J.K. Rowling will serve as an executive producer 

    jk rowling
    J.K. Rowling is the author of the "Harry Potter" book series.

    Gardiner's previous credits include HBO's "Succession" and "His Dark Materials" and BBC America's "Killing Eve."

    Mark Mylod, most recently recognized for his work on "Succession," will direct multiple episodes of the show. 

    The show's executive producers include Gardiner, Mylod, Rowling, Neil Blair, and Ruth Kenley-Letts. "Harry Potter" franchise producer David Heyman is also in talks to executive produce.

    Users on X (formerly known as Twitter) took to the platform to criticize Max for its decision to involve Rowling, who has been accused of making transphobic comments, in the project. 

    Max did not respond to a previous request for comment. 

    The show is eyeing a release in 2026

    Daniel Radcliffe as Harry in "Harry Potter in the Chamber of Secrets."
    Daniel Radcliffe as Harry in "Harry Potter and the Sorcerer's Stone."

    Warner Bros.' eight "Harry Potter" films comprise one of the studio's most successful franchises, grossing over $7 billion worldwide at theaters. The TV series will stream on the service in the US and globally. 

    WB Discovery CEO David Zaslav shared details about the expected debut during an earnings call in February, per The Hollywood Reporter. Zaslav said that he, Bloys, and WBD TV chief Channing Dungey met with Rowling and her team to discuss the show.

    "Both sides are thrilled to be reigniting this franchise," Zaslav said. "Our conversations were great, and we couldn't be more excited about what's ahead. We can't wait to share a decade of new stories with fans around the world."

    This story was originally published in April 2023 and has been updated to reflect recent developments. Kirsten Acuna contributed to a previous version of this article.

    Read the original article on Business Insider
  • Trump-backed congressional candidates suffered rare losses in Tuesday’s primary elections

    Trump
    Former President Donald Trump.

    • Trump-backed candidates lost primary races in Utah, South Carolina, and Colorado.
    • These defeats mark a rare trend of Trump endorsements failing in the 2024 election cycle.
    • Results suggest some Republican voters are shifting away from Trump's influence in primaries.

    An endorsement from Donald Trump usually spells success for congressional candidates. But in this week's primary elections, some Trump picks experienced rare losses.

    In Utah, Republican Rep. John Curtis — who has been critical of Trump — beat out Trump's chosen candidate Trent Staggs to take over Mitt Romney's open Senate seat. Staggs lost to Curtis by 20 points, according to projected race calls from the Associated Press, compiled by The New York Times.

    In South Carolina, a similar situation occurred: ultra-conservative pastor Mark Burns, who Trump endorsed on Truth Social in April, lost his House runoff race to Republican Sherri Biggs.

    And in Colorado, House hopeful and state GOP Chair Dave Williams, who the former president endorsed on Truth Social in March, got smoked by his rival, conservative commentator Jeff Crank — losing by 30 points, according to the Times.

    The three losses are just the second, third, and fourth time that a Trump favorite has lost their race for a federal position this election cycle, Politico reported. The first instance happened earlier in June when Trump-endorsed New Jersey Senate candidate Christine Serrano Glassner lost by 7 points to real estate developer Curtis Bashaw, according to the Times.

    There's two othr candidates who might get added to Trump's list of failures.

    The race for Utah's second congressional district is still too close to call, with Trump-backed incumbent Rep. Celeste Maloy leading by just 3 points. And Virginia's Republican primary is also still too close to call, with Trump pick John McGuire less than one point ahead of his challenger. That race may result in a recount, MSNBC reported.

    Read the original article on Business Insider
  • 5 things to watch on the ASX 200 on Thursday

    A male investor wearing a white shirt and blue suit jacket sits at his desk looking at his laptop with his hands to his chin, waiting in anticipation.

    On Wednesday, the S&P/ASX 200 Index (ASX: XJO) had a difficult session and tumbled lower. The benchmark index fell 0.7% to 7,783 points.

    Will the market be able to bounce back from this on Thursday? Here are five things to watch:

    ASX 200 expected to sink again

    The Australian share market looks set to sink again on Thursday despite the positive night of trade on Wall Street. According to the latest SPI futures, the ASX 200 is expected to open the day 86 points or 1.1% lower this morning. In the United States, the Dow Jones was up 0.05%, the S&P 500 rose 0.15% and the Nasdaq pushed 0.5% higher.

    Oil prices soften

    ASX 200 energy shares including Beach Energy Ltd (ASX: BPT) and Woodside Energy Group Ltd (ASX: WDS) could have a poor session after oil prices softened overnight. According to Bloomberg, the WTI crude oil price is down 0.25% to US$80.64 a barrel and the Brent crude oil price is down 0.1% to US$84.97 a barrel. A surprise increase in US crude inventories weighed on oil prices.

    Buy Paladin Energy shares

    Paladin Energy Ltd (ASX: PDN) shares are good value according to analysts at Bell Potter. In response to recent share price weakness and news of a plan to acquire Fission Uranium, the broker has upgraded the uranium producer’s shares to a buy rating with an improved price target of $16.10. It said: “PDN has sold off since we moved to a Hold in May-24. We see this as a potential buying opportunity irrespective of the transaction.”

    Gold price falls to two-week low

    It could be a poor session for ASX 200 gold shares such as Newmont Corporation (ASX: NEM) and Northern Star Resources Ltd (ASX: NST) today after the gold price dropped overnight. According to CNBC, the spot gold price is down 0.9% to US$2,309.8 an ounce. Stronger bond yields reduced the appeal of the precious metal and sent it to a two-week low.

    Iron ore price rises

    BHP Group Ltd (ASX: BHP) and Rio Tinto Ltd (ASX: RIO) will be on watch on Thursday. That’s because the benchmark iron ore price raced higher overnight and could give these miners a lift ahead of today’s (expected) red session. According to the AFR, the iron ore price is up a sizeable 3.2% today. This appears to have driven by increased buying in China’s spot market amid bets that it will soon unveil more stimulus to boost its struggling property market.

    The post 5 things to watch on the ASX 200 on Thursday appeared first on The Motley Fool Australia.

    Should you invest $1,000 in Bhp Group right now?

    Before you buy Bhp Group shares, consider this:

    Motley Fool investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Bhp Group wasn’t one of them.

    The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

    And right now, Scott thinks there are 5 stocks that may be better buys…

    See The 5 Stocks
    *Returns as of 24 June 2024

    More reading

    Motley Fool contributor James Mickleboro has positions in Woodside Energy Group. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

  • What is the outlook for Woodside shares in FY25?

    gas and oil worker on pipeline equipment

    The Woodside Energy Group Ltd (ASX: WDS) share price has sunk 25% in ten months, as shown on the chart below. After a difficult period for the ASX oil and gas share, investors may be wondering if the next 12 months could be better.

    The Australian tax year is about to finish, but Woodside’s financial year follows the calendar year. So, while FY25 is about to start for most of us, Woodside still has another six months left of its 2024 financial year.

    We’re going to look at the outlook for the company, encompassing both Woodside’s FY24 and FY25.

    Company’s outlook commentary

    The business has guided that it’s expecting to produce between 185 million barrels of oil equivalent (MMboe) and 195 MMboe in 2024. We won’t learn about its 2024 annual production numbers until January 2025, when it announces its 2024 fourth-quarter update. How much the company produces and the price it gets for that production can be key for Woodside shares.

    It has also guided that it’s expecting capital expenditure of between $5 billion and $5.5 billion in 2024.

    The business continues to work on its three major growth projects. Commissioning activities have been underway at Sangomar in Senegal for the last few months. The company said it was on track for its first oil in the middle of this year.

    Woodside’s Scarborough and Pluto Train 2 projects were 62% complete at the end of the 2024 first quarter. The company says it’s on target for its first LNG cargo in 2026.

    The last update we heard about the sales price for its production was in the first quarter of 2024. Woodside said its average realised price was US$63 per barrel of oil equivalent, which was down 5% quarter over quarter and 25% year over year. There continues to be energy market volatility.

    Analyst forecasts for Woodside shares

    The broker UBS said in a note in April that there is strong demand for LNG in North Asia, though it also sees “a global LNG surplus arising from 2027+”, which it believes is already putting down pressure on fixed slope pricing for new sales and purchase agreements. This “amplifies the need for accelerated LNG marketing activities”, according to UBS.

    Looking at the forecasts for Woodside’s FY24, UBS predicts Woodside can generate US$12.36 billion of revenue, US$4.2 billion of earnings before interest and tax (EBIT), US$2.34 billion of net profit after tax (NPAT) and pay an annual dividend per share of 98 cents. The broker suggested Woodside could finish 2024 with US$2.7 billion of net debt.

    UBS is only expecting a slight improvement in FY25. The broker expects revenue to be US$12.9 billion, EBIT to be US$4.27 billion, net profit to be US$2.48 billion and that the ASX oil and gas share could pay an annual dividend per share of US$1.05.

    Woodside share price snapshot

    The Woodside share price is down around 10% since the start of 2024.

    The post What is the outlook for Woodside shares in FY25? appeared first on The Motley Fool Australia.

    Should you invest $1,000 in Woodside Petroleum Ltd right now?

    Before you buy Woodside Petroleum Ltd shares, consider this:

    Motley Fool investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Woodside Petroleum Ltd wasn’t one of them.

    The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

    And right now, Scott thinks there are 5 stocks that may be better buys…

    See The 5 Stocks
    *Returns as of 24 June 2024

    More reading

    Motley Fool contributor Tristan Harrison has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

  • 1 ASX stock that’s just right for beginner investors

    A view of competitors in a running event, some wearing number bibs, line up together on a starting line looking ahead as if to start a race.

    It can be confusing for a beginner investor to know what ASX stocks to invest in. Should dividends or growth be the focus? What is a good price to pay for this investment?

    There are plenty of interesting companies on the ASX that may be good investments, but there’s one S&P/ASX 200 Index (ASX: XJO) stock that I believe could suit almost every portfolio: Washington H. Soul Pattinson and Co. Ltd (ASX: SOL).

    What Soul Patts does

    Soul Patts is not one of the most famous business names, like BHP Group Ltd (ASX: BHP) or Qantas Airways Limited (ASX: QAN), but it is one of the oldest. It has been listed on the ASX since 1903.

    The company started off as a pharmacy business and eventually started making external investments in names like Brickworks Limited (ASX: BKW) and New Hope Corporation Ltd (ASX: NHC).

    These days, the investment house has exposure to various industries and asset classes, including ASX shares, private equity, credit, and property.

    Some of its larger ASX stock investments include Brickworks, New Hope, TPG Telecom Ltd (ASX: TPG), Tuas Ltd (ASX: TUA), BHP, Macquarie Group Ltd (ASX: MQG), CSL Ltd (ASX: CSL), Goodman Group (ASX: GMG) and Wesfarmers Ltd (ASX: WES).

    Good mixture of returns

    Soul Patts shareholders benefit when the underlying value of its portfolio increases. The company has designed its portfolio to be defensive and resilient to economic shocks, which might be comforting for beginner investors.

    It’s steadily making new investments, such as its acquisition of the entire electrification business Ampcontrol. As these businesses grow in value, they can drive up the value of Soul Patts, leading to capital growth for shareholders.

    The cash flow received from its investment portfolio helps pay for dividends. The ASX stock has paid a dividend every year to shareholders since it was listed in 1903, and it has grown its annual dividend each year since 2000.

    Over the 10 years to 30 April 2024, Soul Patts shares delivered an average return per annum of 11.3%, outperforming the All Ordinaries Accumulation Index (ASX: XAOA) by an average of 3.2% per annum. These figures do not include the benefit of franking credits. However, it must be said that past performance is not a reliable indicator of future performance.

    It currently has a trailing grossed-up dividend yield of close to 4%, which I think is a solid starting yield for beginner investors.

    Foolish takeaway

    Soul Patts is an effective investment for beginners, in my opinion, because it can provide a mixture of dividends and capital growth. Its portfolio investments offer diversification while the growing dividend means we can benefit from owning shares without having to sell.

    This ASX stock is one of the largest positions in my portfolio, and I’m planning to buy more of it over time. I think the current valuation is a good price to start a position.

    The post 1 ASX stock that’s just right for beginner investors appeared first on The Motley Fool Australia.

    Should you invest $1,000 in Washington H. Soul Pattinson And Company Limited right now?

    Before you buy Washington H. Soul Pattinson And Company Limited shares, consider this:

    Motley Fool investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Washington H. Soul Pattinson And Company Limited wasn’t one of them.

    The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

    And right now, Scott thinks there are 5 stocks that may be better buys…

    See The 5 Stocks
    *Returns as of 24 June 2024

    More reading

    Motley Fool contributor Tristan Harrison has positions in Brickworks and Washington H. Soul Pattinson and Company Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Brickworks, CSL, Goodman Group, Macquarie Group, Washington H. Soul Pattinson and Company Limited, and Wesfarmers. The Motley Fool Australia has positions in and has recommended Brickworks, Macquarie Group, Washington H. Soul Pattinson and Company Limited, and Wesfarmers. The Motley Fool Australia has recommended CSL and Goodman Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.