Newsmax to Join Russell 2000 and Russell 3000 Indexes
Membership in the Russell 3000® Index, which remains in place for one year, means automatic inclusion in the large-cap Russell 1000® Index or small-cap Russell 2000® Index as well as the appropriate growth and value style indexes. FTSE Russell determines membership for its Russell indexes primarily by objective, market-capitalization rankings and style attributes.
'The past year has been transformational for Newsmax, and we are pleased to see our shares will soon be added to the Russell 2000® Index, one of the market's leading performance benchmarks in North America,' said Chris Ruddy, CEO of Newsmax.
Newsmax, a television and digital media company offering Americans independent news, went public on the NYSE in March.
Since then, Newsmax has made several major announcements, including expanded cable / pay TV distribution on Hulu+, putting Newsmax into top-tier penetration of around 60 million U.S. homes.
'We feel this addition of Newsmax on the Russell Index will help raise awareness and ownership of Newsmax within the institutional investment community,' continued Ruddy.
Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. Approximately $10.6 trillion in assets are benchmarked against Russell's US indexes. Russell indexes are also part of FTSE Russell, a leading global index provider.
About Newsmax
Newsmax Media, Inc. operates Newsmax, the nation's fourth highest-rated cable news network, according to Nielsen. Newsmax is carried on all major cable, satellite systems, and virtual pay TV operators. Newsmax reaches more than 40 million Americans regularly through Newsmax TV, the Newsmax+ App, its popular website Newsmax.com, and publications like Newsmax Magazine. Reuters Institute says Newsmax is one of the top 12 U.S. news brands and Forbes has called us 'a news powerhouse.'
For more information, please visit Investor Relations | Newsmax Media, Inc.
About FTSE Russell, an LSEG Business
FTSE Russell is a global index leader that provides innovative benchmarking, analytics and data solutions for investors worldwide. FTSE Russell calculates thousands of indexes that measure and benchmark markets and asset classes in more than 70 countries, covering 98% of the investable market globally. FTSE Russell index expertise and products are used extensively by institutional and retail investors globally. Approximately $18.1 trillion is benchmarked to FTSE Russell indexes. Leading asset owners, asset managers, ETF providers and investment banks choose FTSE Russell indexes to benchmark their investment performance and create ETFs, structured products and index-based derivatives. A core set of universal principles guides FTSE Russell index design and management: a transparent rules-based methodology is informed by independent committees of leading market participants. FTSE Russell is focused on applying the highest industry standards in index design and governance and embraces the IOSCO Principles. FTSE Russell is also focused on index innovation and customer partnerships as it seeks to enhance the breadth, depth and reach of its offering.
FTSE Russell is wholly owned by London Stock Exchange Group.
For more information, visit FTSE Russell.
Forward-Looking Statements
This communication contains forward-looking statements. From time to time, we or our representatives may make forward-looking statements orally or in writing. We base these forward-looking statements on our expectations and projections about future events, which we derive from the information currently available to us. Forward-looking statements can be identified by those that are not historical in nature. The forward-looking statements discussed in this communication and other statements made from time to time by us or our representatives, may not occur, and actual events and results may differ materially and are subject to risks, uncertainties and assumptions about us. Newsmax does not guarantee future results, performance or achievements. Moreover, neither we nor any other person assumes responsibility for the accuracy or completeness of any of these forward-looking statements. Forward-looking statements should not be relied upon as predictions of future events. We are under no duty to update any of these forward-looking statements after the date of this communication to conform our prior statements to actual results or revised expectations, and we do not intend to do so. Factors that may cause actual results to differ materially from current expectations include various factors, including but not limited to any changes in indications we have received from FTSE Russell regarding inclusion in certain indexes, our ability to change the direction of Newsmax, our ability to keep pace with new technology and changing market needs, the competitive environment of our business changes in domestic and global general economic and macro-economic conditions and/or uncertainties and factors set forth in the sections entitled 'Risk Factors' in Newsmax's Annual Report on Form 10-K for the twelve months ended December 31, 2024, Newsmax's Quarterly Report on Form 10-Q for the three months ended March 31, 2025, and other filings Newsmax makes with the Securities and Exchange Commission. Nothing in this communication should be regarded as a representation by any person that the forward-looking statements set forth herein will be achieved or that any of the contemplated results of such forward-looking statements will be achieved. Undue reliance should not be placed on forward-looking statements in this communication, which speak only as of the date they are made and are qualified in their entirety by reference to the cautionary statements herein.
Investor Contacts
Newsmax Investor Relations
ir@newsmax.com
SOURCE: Newsmax Inc.
View the original press release on ACCESS Newswire
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Insider
an hour ago
- Business Insider
Seaport Global Sticks to Its Hold Rating for Ralliant Corporation (RAL)
In a report released today, Scott Graham from Seaport Global maintained a Hold rating on Ralliant Corporation. The company's shares closed last Friday at $43.50. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. According to TipRanks, Graham is a 5-star analyst with an average return of 11.4% and a 61.58% success rate. In addition to Seaport Global, Ralliant Corporation also received a Hold from Evercore ISI's Amit Daryanani in a report issued on August 13. However, on August 14, Bank of America Securities reiterated a Sell rating on Ralliant Corporation (NYSE: RAL). The company has a one-year high of $55.08 and a one-year low of $42.00. Currently, Ralliant Corporation has an average volume of 2.64M. Based on the recent corporate insider activity of 9 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of RAL in relation to earlier this year. Earlier this month, Ganesh Moorthy, a Director at RAL bought 2,000.00 shares for a total of $90,340.00.
Yahoo
an hour ago
- Yahoo
Warren Buffett's Berkshire Hathaway Discloses $1.8 Billion Investments in Nucor, D.R. Horton, and Lennar
The secret investments of Warren Buffett's Berkshire Hathaway (NYSE:BRK) have been brought to light. What Happened: The undisclosed investments of Berkshire Hathaway have been made public. The company has reportedly invested in steelmaker Nucor (NYSE:NUE), homebuilders D.R. Horton (NYSE:DHI) and Lennar (NYSE:LEN), with the total investments amounting to $1.8 billion. The market has been buzzing with speculation since May about the undisclosed stocks that the company had been buying. In addition to the aforementioned investments, Berkshire Hathaway also placed a $1.6 billion bet on UnitedHealth, purchasing over 5 million shares. This move took many by surprise, considering the company's recent challenges with escalating medical costs and the sudden demise of its CEO. The unveiling of these secret stocks has put an end to months of speculation. The investments in Nucor, D.R. Horton, and Lennar are perceived as a strategic move by Buffett, with a focus on companies linked to real assets such as housing and infrastructure, reports the Insider. Also Read: Warren Buffett's Advice: 'If You Aren't Willing To Own A Stock For Ten Years, Don't Even Think About Owning It For Ten Minutes' These investments could potentially be among Buffett's last as CEO before he retires at the end of the year. Despite Berkshire Hathaway being a net seller for the 11th consecutive quarter, these investments suggest the company's strategy to tackle economic uncertainty. Why It Matters: The revelation of these secret investments provides an insight into the strategic planning of Berkshire Hathaway under the leadership of Warren Buffett. The focus on companies tied to real assets indicates a shift in investment strategy, possibly in response to the current economic climate. The surprise investment in UnitedHealth, despite its recent struggles, suggests a confidence in the company's potential for recovery and growth. As Buffett prepares for retirement, these moves could set the tone for Berkshire Hathaway's future investment approach. Read Next Warren Buffett's Advice for Overpriced Stocks: 'Zip up Your Wallet, Take a Vacation, and Come Back in a Few Years To Buy Stocks at Cheap Prices' Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market. Get the latest stock analysis from Benzinga? APPLE (AAPL): Free Stock Analysis Report TESLA (TSLA): Free Stock Analysis Report This article Warren Buffett's Berkshire Hathaway Discloses $1.8 Billion Investments in Nucor, D.R. Horton, and Lennar originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
The Hill
an hour ago
- The Hill
Dismantling the Justice Department tax division will cost us billions
The Department of Justice is poised to make a grave mistake: dismantling its tax division, America's frontline defense against ultra-wealthy tax cheats. As sophisticated tax fraud surges, gutting this division would severely weaken enforcement and deterrence, inviting more evasion by the ultra-wealthy. It would send a message to those at the top: complex evasion schemes will go unpunished. Tax enforcement in the U.S. is already on life support, with tax evasion costing U.S. taxpayers approximately $447 billion each year, a figure that dwarfs popular claims of government waste. Yet fraud prosecutions haven't just declined over the last decade; they've collapsed, dropping nearly 50 percent between 2014 and 2023. Shockingly few big-time tax evaders face justice, with only 363 individuals convicted of criminal tax fraud in 2023. As one IRS investigator candidly told us, 'There's never been a better time to commit tax fraud.' Without a Department of Justice tax division, that is bound to get much worse. The stakes could not be clearer. Consider a few recent successes from the tax division's record. In the Anderson Ark case, the division unraveled an offshore evasion scheme, recovering nearly $100 million for taxpayers and shutting down a fraud operation that victimized thousands of Americans. It also secured a stunning $2.6 billion plea deal from Credit Suisse for its role in helping wealthy Americans evade taxes. In the ongoing case involving the late billionaire Robert Brockman, prosecutors are pursuing more than $1.4 billion in taxes and penalties from alleged offshore income, making it the largest individual tax fraud indictment in U.S. history. These cases highlight the tax division's extraordinary value. Its specialized prosecutors consistently recover far more than the division's modest $106 million budget, making it one of the federal government's smartest investments. The Credit Suisse settlement alone recovered more than the division spent in two decades. This is exactly the kind of return taxpayers deserve. Without a centralized tax division, complex cases like these will likely go unseen and unprosecuted. For example, cases like Anderson Ark, which span the country and extend overseas are likely to be ignored by regional U.S. Attorneys' offices, which are focused on local priorities. The biggest, most complex cases require concentrated expertise, along with the resources and institutional attention span that regional offices lack. The Brockman case alone required five expert prosecutors over seven years. Distributing elite tax litigation specialists to regional offices, where they'll be assigned cases outside their expertise, isn't just inefficient. It's demoralizing. Some of the tax division's top prosecutors have already resigned in anticipation of the restructuring. The inevitable result is emboldened tax evaders and billions in lost revenue and penalties. It also sends a clear message to taxpayers: The Department of Justice is no longer cultivating the deep expertise needed to prosecute complex tax fraud. If your scheme is sophisticated enough, you will likely get away with it. If you are ever indicted, you will fight it, knowing the Department of Justice lacks the focus and firepower to win. Our tax system fundamentally depends on voluntary compliance and public trust. Weak enforcement threatens both. The top 1 percent already evade taxes at three times the rate of taxpayers in the bottom half of the income scale. The automated matching systems the IRS relies on aren't designed to catch billionaires; they disproportionately target middle-income earners with straightforward returns. Catching sophisticated tax evaders requires equally sophisticated enforcement, precisely what a robust, centralized tax division provides. Without it, wealthy tax cheats will increasingly view evasion as a low-risk gamble, leaving billions unpaid and forcing ordinary Americans to cover the difference. Congress and Department of Justice leadership must recognize what is at stake and reverse course. The tax division is not just another bureaucratic unit. It is America's strongest defense against sophisticated tax fraud and financial crime. The division deserves reinforcement, not dismantling. This isn't a political issue, but one of fundamental fairness. Preserving and strengthening the tax division will uphold justice, reinforce public trust and save taxpayers billions. Corey Smith, a 33-year Department of Justice tax division veteran, led the Brockman criminal prosecution as senior counsel. Jens Heycke is the author of 'Death, Taxes, and Turduckens: Unraveling History's Biggest Tax Heist and the Broken System That Enabled It.'
