California Rep. Ro Khanna announced on Wednesday he has launched an investigation as ranking member of the Select Committee on China into a $500 million investment by Abu Dhabi’s ruling family in World Liberty Financial (CRYPTO: WLFI), a Trump-linked cryptocurrency company. Breaking: I have launched an investigation as ranking member of the Select Committee on China into a $500 million UAE investment in the Trump family's cryptocurrency company. This is about public trust and transparency. https://t.co/2P ...

Core Insights - Micron Technology, Inc. is the largest memory company in the US and a leading global supplier of DRAM, NOR, and NAND memory, recognized for delivering strong shareholder returns [1] Company Overview - Micron Technology specializes in memory solutions, including DRAM, NOR, and NAND, positioning itself as a top player in the global market [1] Market Position - The company has established itself as a leader in the memory industry, noted for its competitive performance in terms of shareholder returns [1]

Core Insights - The importance of due diligence in investing is emphasized, distinguishing between informed investors and speculators [2][7] - Current earnings reports show strong growth across S&P companies, with an 83% beat rate on revenue and 76% on earnings, indicating overall corporate health [11][12] - Analysts have underestimated earnings growth, with overall earnings growing by 10% for three consecutive quarters [12][13] Group 1: Due Diligence Steps - Step one involves understanding the business model clearly, with examples like Apple, Coca-Cola, and Nvidia provided [3] - Step two focuses on financial analysis, including revenue growth, profit authenticity, and debt management [4] - Step three highlights the importance of management transparency and accountability [5] - Step four stresses the significance of valuation, comparing PE ratios with competitors [5] - Step five encourages identifying potential risks associated with investments [6] - Step six advises investors to define their investment time frame and strategy [6] Group 2: Market Trends and Opportunities - The energy sector is identified as undervalued, with its representation in the S&P 500 at below 3% [14] - Companies like Haloymes are highlighted for their innovative approaches in healthcare, trading at low forward earnings multiples [14][15] - The discussion includes the potential of small modular reactors and the need for energy infrastructure to support data centers [50][52] - The importance of HVAC services for data centers is noted as a growing market opportunity [51] Group 3: Earnings and Market Dynamics - The S&P 500's performance is driven by tech sector earnings growth, which is at 26% this quarter, surpassing expectations [30] - The equal-weight S&P 500 underperformed, suggesting a concentration of gains in larger tech stocks [28][29] - The conversation indicates a balanced investment approach, suggesting reallocating profits from tech into undervalued sectors like healthcare and energy [30][32] Group 4: Policy and Economic Outlook - The impact of recent policy changes and trade agreements on market clarity and corporate investment is discussed [36][37] - The labor market's evolution is highlighted, with new job creation expected in tech and energy sectors despite concerns about job displacement due to AI [41][42] - The potential for new construction and contracting services related to data centers and energy infrastructure is identified as a growth area [23][50]

Core Points - JPMorgan Chase & Co. is contesting a $115 million legal bill related to fraud committed by former associates Charlie Javice and Olivier Amar, who defrauded the bank of $175 million [1][3] - The legal representatives of Javice and Amar have billed JPMorgan approximately $60.1 million and $55.2 million respectively, contributing to the disputed total [2] - A Delaware court upheld a clause in JPMorgan's merger agreement with Frank, requiring the bank to cover the legal costs for the convicted founders despite their fraud convictions [3] Legal Context - JPMorgan is seeking to recover expenses as part of a $287.5 million restitution order, which includes other losses related to the merger [4] - The ongoing legal situation highlights the risks and liabilities financial institutions face when entering partnerships, emphasizing the need for thorough due diligence and legal safeguards [4]

“The due diligence appears almost comically absent.” How a virtually unknown trader burned Wall Street in a $2.6 billion trade that’s now at the heart of a London lawsuit https://t.co/aH3ergHS1E ...

Intel must reassure its investors and US taxpayers that it did its due diligence on whatever ties Lip-Bu Tan might have to China, @DaveLeeBBG says (via @opinion) https://t.co/zc384xGOff ...