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Yahoo
23 minutes ago
- Yahoo
Trump orders federal law enforcement to patrol DC after Stephen Miller claims crime in capital ‘more violent than Baghdad'
President Donald Trump has reportedly ordered federal law enforcement officers to patrol Washington, D.C., as Stephen Miller claimed crime in the capital was 'more violent than Baghdad.' The White House announced that additional officers would be on the streets of D.C. from midnight in what would reportedly begin as a seven-day operation in a bid to clamp down on crime. 'It's our capital city, it is more violent than Baghdad, it is more violent than parts of Ethiopia and parts of many of the most dangerous places in the world,' White House deputy chief of staff Miller told NewsNation Thursday. Trump has been threatening to federalize the capital all week following an attack on a former Department of Government Efficiency staffer, Edward Coristine. Trump re-posted the bloodied photo of Coristine on Truth Social Thursday evening and addressed him directly in his post. 'Edward: The Crime situation in Washington, just like our Southern Border where ZERO Illegals entered in the last three months, will be a safe place very soon,' Trump wrote. 'Thank you for your bravery and heart. Stay tuned!' Additional support will come from the D.C. National Guard, FBI, U.S. Marshals, ICE, U.S. Secret Service and the Department of Homeland Security, according to CBS. 'Washington, DC is an amazing city, but it has been plagued by violent crime for far too long,' White House press secretary Karoline Leavitt said in a statement Thursday. 'President Trump has directed an increased presence of federal law enforcement to protect innocent citizens. Starting tonight, there will be no safe harbor for violent criminals in D.C.' The crackdown in D.C. will reportedly focus on tourist areas and other busy hotspots. D.C. Mayor Muriel Bowser approved the White House's request, received overnight Wednesday, to bolster the capital's law enforcement presence, according to CBS, citing an official in the mayor's office. This is a developing story, more follows
Yahoo
23 minutes ago
- Yahoo
1 Magnificent Canadian Tech Stock Down 42% to Buy and Hold Forever
Written by Amy Legate-Wolfe at The Motley Fool Canada When most investors think of Canadian tech, Shopify usually steals the spotlight. But dig a little deeper, and you'll find a lesser-known legend quietly turning its ship around: BlackBerry (TSX:BB). Yes, the same BlackBerry that once dominated your high school group chats is now powering the world's most secure communications and autonomous vehicles. And with shares down roughly 42% from 52-week highs, it may be one of the most magnificent Canadian tech stocks to buy and hold forever. About BlackBerry Before diving into why BlackBerry deserves a spot in your long-term portfolio, let's look at how far it has come. This isn't the same company that fizzled out in the smartphone wars. BlackBerry has completely reinvented itself, leaning into cybersecurity, artificial intelligence (AI), and embedded automotive software. It has gone from making phones to powering them, under the hood, literally. BlackBerry's recent earnings report for Q1 fiscal 2026 is a strong sign that the strategy is working. Revenue came in at $121.7 million, beating guidance. That's no small feat in today's macro environment. It also posted adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) of $16.4 million, another beat. The turnaround isn't just a one-quarter wonder. Its QNX segment, used in over 235 million cars globally, delivered $57.5 million in revenue, up 8% year over year. The division also produced an impressive adjusted EBITDA margin of 22%. Secure Communications, which includes government-grade cybersecurity offerings, posted $59.5 million in revenue and a 70% gross margin. Both segments beat guidance. That's not luck. That's execution. Why the dip? Despite the strong performance, BlackBerry stock is trading at around $5.09, far below its 52-week high of $8.86. That's a 42% drop, even though the business itself is in better shape than it has been in years. Part of this disconnect is due to the broader tech sell-off and investor fatigue from its past disappointments, not to mention meme stock history. But long-term investors know that price and value are not the same. From a valuation perspective, BlackBerry is now trading at 4 times sales and 3 times book value. Its forward price-to-earnings ratio sits at 36.1, which isn't outrageous for a tech company with renewed profitability, a clean balance sheet, and exposure to high-growth areas like embedded systems and cybersecurity. What to watch Cash is another feather in its cap. BlackBerry ended the quarter with $381.9 million in total cash and investments, compared to $235.7 million in debt. That gives it the flexibility to invest in growth or return capital to shareholders, which it did, buying back 2.6 million shares this quarter. In fact, the company just launched a share buyback program that shows it believes the stock is undervalued. Of course, it's not all smooth sailing. The company is still in the midst of proving its relevance in today's fast-moving tech world. Quarterly revenue fell slightly year over year, and the Secure Communications' net revenue retention rate dipped from 93% to 92%. But these are manageable bumps on an otherwise improving road. Looking ahead, BlackBerry is guiding for up to $538 million in total revenue for fiscal 2026 and non-GAAP earnings per share between $0.08 and $0.10. For a stock priced just over $5, that's compelling. It means investors are buying into a rare Canadian company that offers software-driven recurring revenue, growing margins, and, finally, net income. Bottom line So, is BlackBerry still a long shot? Maybe. But it's a lot less speculative than it used to be. The company has carved out a strong position in automotive tech and cybersecurity – two areas that aren't going anywhere. Its balance sheet is healthy. Its margins are expanding. And it just proved it can turn a profit. In short, this is no longer a turnaround story. It's a comeback. And with shares still deeply discounted from their highs, now may be the time to grab a slice and hold it for the long haul. Because when it comes to tech stocks you can actually feel good about owning in Canada, BlackBerry might just be one of the most magnificent. The post 1 Magnificent Canadian Tech Stock Down 42% to Buy and Hold Forever appeared first on The Motley Fool Canada. Should you invest $1,000 in BlackBerry right now? Before you buy stock in BlackBerry, consider this: The Motley Fool Stock Advisor Canada analyst team just identified what they believe are the Top Stocks for 2025 and Beyond for investors to buy now… and BlackBerry wasn't one of them. The Top Stocks that made the cut could potentially produce monster returns in the coming years. Consider MercadoLibre, which we first recommended on January 8, 2014 ... if you invested $1,000 in the 'eBay of Latin America' at the time of our recommendation, you'd have $24,927.94!* Stock Advisor Canada provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month – one from Canada and one from the U.S. The Stock Advisor Canada service has outperformed the return of S&P/TSX Composite Index by 30 percentage points since 2013*. See the Top Stocks * Returns as of 6/23/25 More reading 10 Stocks Every Canadian Should Own in 2025 3 Canadian Companies Powering the AI Revolution Fool contributor Amy Legate-Wolfe has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Shopify. The Motley Fool has a disclosure policy. 2025
Fox News
25 minutes ago
- Fox News
Trump 'border czar': We are making this country safer every day
Trump 'border czar' Tom Homan discusses stopping illegal immigration under President Donald Trump on 'Hannity.'
