When will Coloradans feel the impact of Trump's 'Big, Beautiful Bill?'
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28 minutes ago
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Elon Musk claims he has ‘formed' his own political party after fallout with Trump: ‘Give you back your freedom'
Elon Musk says he has formed a new political party amid his ongoing feud with President Donald Trump. Musk asked his 221.7 million X followers to vote in a poll deciding whether he should form the new 'America Party' on Friday. The tech mogul first threatened for form a new political party earlier this week if Congress passed Trump's sweeping tax and spending legislation, which he calls the 'Big, Beautiful Bill.' The billionaire has argued that the legislation, which the president signed into law on Friday, will increase the deficit by trillions. After 65 percent of respondents voted 'yes' on his poll, Musk says he's following through. 'By a factor of 2 to 1, you want a new political party and you shall have it,' Musk wrote Saturday afternoon. 'When it comes to bankrupting our country with waste & graft, we live in a one-party system, not a democracy.' 'Today, the America Party is formed to give you back your freedom,' he added. Trump's 'Big, Beautiful Bill' passed in the Senate with a tie-breaking vote from Vice President JD Vance on Tuesday. The House passed the bill on Thursday, and Trump signed it into law during a Military Family Picnic celebration for Independence Day. The bill provides sweeping tax cuts — particularly to wealthy Americans — while curbing access to Medicaid and food assistance programs for millions of people. The legislation also provides billions more for defense and immigration enforcement. Musk, once known as Trump's 'First Buddy,' sparked a public feud with the president last month over the bill, arguing it will increase the budget deficit by $2.5 trillion. 'I'm sorry, but I just can't stand it anymore,' Musk wrote of Trump's bill on June 3. 'This massive, outrageous, pork-filled Congressional spending bill is a disgusting abomination.' Musk spent several months this year leading the Department of Government Efficiency's efforts to slash government spending. Under his leadership, DOGE laid off hundreds of thousands of federal employees, hollowed out several agencies and terminated thousands of government contracts and grants. Musk doubled down on June 5, calling the legislation the 'Big Ugly Bill.' The billionaire also flirted with the idea of forming a new political party, but didn't offer specifics. Musk wrote: 'Is it time to create a new political party in America that actually represents the 80% in the middle?' Trump hit back on Truth Social, accusing Musk of going 'crazy' because he 'took away his [electric vehicle] mandate.' Less than an hour later, Musk escalated the feud and alleged that Trump appears in the unreleased Epstein Files. 'Time to drop the really big bomb: @realDonaldTrump is in the Epstein files,' Musk wrote. 'That is the real reason they have not been made public. Have a nice day, DJT!' The pair exchanged a few more jabs until June 6, when tensions seemed to ease. Musk expressed 'regret' on June 11 for the posts he made about the president, while Trump revealed he had 'no hard feelings' toward Musk. The peace didn't last long, though. This week, Musk pledged to fund primary challengers running against Republicans who supported the bill. 'Every member of Congress who campaigned on reducing government spending and then immediately voted for the biggest debt increase in history should hang their head in shame!' the billionaire wrote on Monday. 'And they will lose their primary next year if it is the last thing I do on this Earth,' he added. Nearly every Republican in Congress voted to pass the bill, with just three senators and two representatives joining Democrats in voting against it. Trump responded by threatening to cut of the billions of dollars in federal subsidies Musk's companies receive. The president also threatened to 'take a look at' deporting Elon Musk to South Africa, where he was born and raised for several years.
Yahoo
30 minutes ago
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Orchid Offers 20.1% Dividend Yield: A Powerful Income Play?
One of the most closely watched aspects of Orchid Island Capital ORC is its financial profile, particularly its dividend policy. This specialty finance mREIT company, which invests in residential mortgage-backed securities (RMBS) on a leveraged basis, offers favorable long-term stockholder returns and a substantial dividend yield. Income-seeking investors have a large appetite for REIT stocks, as U.S. law requires REITs to distribute 90% of their annual taxable income in the form of dividends. ORC has a record of paying out regular dividends, currently yielding a staggering 20.1% compared with the industry average of 12.4%. The company has increased its dividend three times over the past five years. Dividend Yield Image Source: Zacks Investment Research Dividend aside, ORC has a share repurchase plan in place. In 2022, the board of directors approved an increase in the authorization up to an additional 4.3 million shares, bringing the remaining authorization under the stock repurchase program to 6.2 million shares. As of April 25, 2025, the company had the authorization of 2.7 million shares available under the program. Orchid has a strong liquidity position. As of March 31, 2025, the company had $446.5 million in cash and cash equivalents, and unpledged securities. It has no debt as of the same date. Hence, given a strong liquidity position, ORC's capital distribution seems sustainable. AGNC Investment Corp. AGNC has a record of paying monthly dividends, currently yielding 15.3%. It now sits at a payout ratio of 81%. Dividends aside, AGNC Investment has a share repurchase plan in place. In October 2024, the company's board of directors announced a new plan authorizing it to repurchase up to $1 billion of common stock through Dec. 31, 2026. As of March 31, 2025, the full authorization was available for repurchase. As of March 31, 2025, AGNC Investment's liquidity, including unencumbered cash and Agency MBS, was $6 billion. Given this, AGNC's capital distribution seems sustainable. Annaly Capital Management, Inc. NLY also has a record of paying monthly dividends, currently yielding a staggering 14.3%. It now sits at a payout ratio of 101%. In March 2025, Annaly announced a cash dividend of 70 cents per share for the first quarter of 2025, marking a 7.7% hike from the prior payout. Till the end of the first quarter of 2025, the company had $7.5 billion of total assets available for financing, including cash and unencumbered Agency MBS of $4.7 billion, which can readily provide liquidity in times of adverse market conditions. This will support Annaly's capital distribution in the future. ORC shares have gained 1.4% year to date compared with the industry's growth of 7.3%. Price Performance Image Source: Zacks Investment Research From a valuation standpoint, Orchid trades at a forward price-to-tangible (P/TB) ratio of 0.80X, below the industry's average of 0.98X. Price-to-Tangible Book TTM Image Source: Zacks Investment Research The Zacks Consensus Estimate for ORC's 2025 and 2026 earnings implies year-over-year rise of 394.4% and 24.5%, respectively. Estimates for 2025 and 2026 have been unchanged over the past 30 days. Earnings Estimates Image Source: Zacks Investment Research Orchid currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks a#1 Rank (Strong Buy) stocks here. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report AGNC Investment Corp. (AGNC) : Free Stock Analysis Report Annaly Capital Management Inc (NLY) : Free Stock Analysis Report Orchid Island Capital, Inc. (ORC) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Yahoo
30 minutes ago
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Elon Musk says he is launching new political party
Elon Musk says he is launching a new political party, weeks after a dramatic falling out with US President Donald Trump. The billionaire announced on his social media platform X that he had set up the America Party and billed it as a challenge to the Republican and Democratic two-party system. However, it is unclear whether the party has been formally registered with US election authorities, and Musk has not provided details about who will lead it or what form it will take. He first raised the prospect of launching a party during his public feud with Trump, which saw him leave his role in the administration and engage in a vicious public spat with his former ally. During that row, Musk posted a poll on X asking users if there should be a new political party in the US. Referencing that poll in his post on Saturday, Musk wrote: "By a factor of 2 to 1, you want a new political party and you shall have it! "When it comes to bankrupting our country with waste & graft, we live in a one-party system, not a democracy. "Today, the America Party is formed to give you back your freedom." As of Saturday, the Federal Electoral Commission had not published documents indicating the party had been formally registered. Musk was a key Trump advocate during the 2024 election and spent $250m (£187m) to help him regain office. After the election, he was appointed to lead the so-called Department of Government Efficiency (Doge), which was tasked with identifying swingeing cuts in the federal budget. His fallout with Trump began when he left the administration in May and publicly criticised Trump's tax and spending plans. The legislation - which Trump has called his "big, beautiful bill" - was narrowly passed by Congress and signed into law by the president this week. The massive law includes huge spending commitments and tax cuts, and is estimated to add more than $3tn to the US deficit over the next decade.
