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The BSE Sensex and Nifty 50 indices pulled back slightly as some investors started to take profits. The blue-chip Nifty 50 index retreated to ₹25,000, down from the year-to-date high of ₹25,338. It has risen by over 233% from its lowest point in 2020.

The BSE Sensex was trading at ₹81,560, a few points below the year-to-date high of ₹82,764. Like the Nifty, it has risen by over 217% from its lowest level in 2020.

Indian rupee crash continues

The Nifty 50 and Sensex indices retreated as investors focused on the ongoing Indian rupee crash. The USD/INR exchange rate was sitting at 83.94, its highest level on record. It has risen by 1% this year and by almost 20% in the past five years.

Most analysts believe that the Reserve Bank of India (RBI) will not allow the rupee to weaken below the 84 mark against the US dollar. According to Reuters, the bank has been working behind the scenes to avoid it from falling below 84. 

If the rupee continues to depreciate further, the RBI will likely intervene by using some of the $655 billion of foreign reserves to intervene. 

The other option would be to start hiking interest rates, a move that would make Indian government bonds more attractive to investors. 

The Indian rupee has weakened for several reasons. First, while India’s economy is growing, thee volume of foreign venture capital inflows has been weaker than in the past. The most recent data showed that VC funding for Indian companies rose by 42% in the first seven months to over $6.3 billion.

In the past, however, the country was seeing more investments as foreigners allocated to companies like PayTM, Oyo Hotels, and ByJu’s. In 2021, these investments jumped to over $38 billion. They then slowed to $25 billion in 2022 and $15 billion in 2022.

At the same time, India’s Foreign Direct Investment (FDI) has been in a slow uptrend, rising from over $44.4 billion in 2018 to around $70 billion last year. These inflows have helped to support the Indian rupee.

To some extent, the Nifty 50 and BSE Sensex indices do well when the Indian rupee is weak because many companies focus on exports. This includes firms like Tata Motors, Reliance Industries, Tata Consultancy, Vedanta, and Hindalco Industries. 

Fed and RBI decisions

The Nifty 50 and BSE Sensex indices have also done well as investors as investors focus on the next actions of the Reserve Bank of India (RBI) and the Federal Reserve. 

The next Federal Reserve monetary policy meeting will happen on September 19, and will likely have a big impact on US and Indian equities. Economists expect the Fed to cut interest rates now that the labor market is softening and inflation has retreated. 

Data released on Friday showed that the unemployment rate remained above 4% in August as the economy added over 142k jobs in August. Fed rate cuts will likely fuel Indian stocks as American investors look for yield elsewhere.

The Reserve Bank of India, on the other hand, may decide to start cutting rates either later this year or in the first quarter of 2025 because of the stubbornly high food inflation rate in the country.

Top Nifty 50 index movers

The biggest mover in India was Premier Energies, which went public last week and has surged by over 50% since then. Premier Energies is a top company that focuses on solar energy in the country. It can manufacture 2 GW of solar modules each year. 

The other top movers in India were companies like Paramount Cosmetics, Marshall Machines, Sonal Mercantile, and Capital India Finance.

Reliance Industries rose by over 2% while Vodafone Idea rose by 3% even after Goldman Sachs warned that it may crash by over 80% in the coming years.

Adani Group shares were in focus after a Kenyan court halted the transfer of Kenya’s Jomo Kenyatta International Airport (JKIA) to the company in a 30-year lease. 

Nifty 50 index analysis

Nifty 50 index | Chart by TradingView

Looking at the daily chart, we see that the Nifty 50 index has been in a strong uptrend after bottoming at ₹16,820 in April last year. It has jumped by almost 50% since then as global stocks have rebounded.

The index has constantly remained above the 50-day and 200-day Exponential Moving Averages (EMA), meaning that bulls are in control.

It peaked ₹25,338 in August and then pulled back slightly to the psychological point at ₹25,000. At the same time, the Percentage Price Oscillator (PPO) has remained above the neutral point of zero.

Therefore, more Nifty 50 index upside will only be confirmed if it moves above the key resistance point at ₹25,338. If this happens, the next point to watch will be at ₹26,000. 

BSE Sensex index forecast

Sensex index chart by TradingView

The Nifty 50 and BSE Sensex indices have a close correlation with each other. The Sensex peaked at ₹82,765 earlier this year and then retreated to ₹81,600. It has remained above all moving averages and formed a small double-top chart pattern. 

Therefore, like the Nifty index, the Sensex will need to move above the key resistance level at ₹82,765 to confirm the uptrend. A move above that level will lead to more upside to the next resistance level at ₹83,000.

The post Nifty 50, BSE Sensex face resistance as the USD/INR soars to ATH appeared first on Invezz

Penny stocks could see some more volatility in the coming months as the Federal Reserve starts cutting interest rates later this month. Historically, many traders tend to rotate to these companies when the Fed is cutting rates. 

This article looks at Artificial Intelligence Technology Solutions (AITX), Intelligence Bio Solutions (INBS), and Tonix Pharmaceuticals (TNXP), which have become highly popular among day traders.

AITX stock price analysis

AITX is a technology company that builds robots through its RAD, RADR, RADM, and RADG subsidiaries. RAD makes stationary workflow automation solutions while RADM makes solutions for mobile workflow. RADR manufactures solutions for the security industry while RADG builds software for its companies.

AIT’s business has been doing well and the management anticipates that the trend will continue. In the most recent update, the company said that it was about to get to $10 million in annual recurring revenue (ARR) as it continues receiving more orders. 

Its orders in the second quarter came in at 172, meaning that it will generate an ARR of $210k monthly when fully deployed. Based on its operating model, AITX sells the devices and then it starts making money through a subscription model. 

AITX stock surged to a high of $0.0146 in 2023 as the artificial intelligence (AI) hype continued. It then suffered a harsh reversal and retreated by 87%, bottoming at $0.0018 in December last year. 

Earlier this year, AITX stock surged to a high of $0.01 on May 21 as the AI hype continued. Most recently, it has erased most of the gains it made earlier this year. This reversal happened after we warned that the CEO, Steve Reinharz salary was higher than its total revenue. The company is also making substantial losses.

It has dropped below the 50-day Exponential Moving Average (EMA), meaning that bears are in control. The Relative Strength Index (RSI) has continued falling and is now nearing the oversold level. The same is true with the Stochastic oscillator.

Therefore, the AITX stock price will likely continue falling as sellers target the key support at $0.0018, its lowest point in November last year. The main risk to the bearish view is that it has formed a falling wedge pattern, a popular bullish sign.

AITX chart by TradingView

Intelligent Bio Solutions | INBS

Intelligent Bio Solutions is another penny stock that has become highly popular among day traders. It has a market cap of over $5.8 million and had an average volume of over 90.5 million on Monday.

The company, which is building non-invasive, cost-effective workplace drug testing solutions, reported strong financial results on Monday. Its fourth-quarter revenue figures rose by 64% during the quarter and by 148% from the same period in 2023. Revenue rose to $0.73 million in the quarter and $3.11 million in the last financial year. 

INBS’s success came in from its growing installed base, which reached 1,000 readers in the United States. It then makes recurring revenue since these readers require a continuous supply of cartridges.

Despite the strong results, Intelligent Bio Solutions has been a highly embattled company whose stock has crashed from over $2,500 to just $1.80. It has even been forced to do several reverse splits to ensure its compliance with the NASDAQ listing requirements.

Most recently, the INBS share price peaked at $11.72 in February to the current $1.79. It has also formed a bottom at $1. Also, the stock is consolidating at the 50-day moving average. Therefore, the stock will likely remain in this range in the near term as the post-earnings jump fades.

INBS chart by TradingView

Tonix Pharmaceuticals | TNXP

The Tonix Pharmaceuticals stock has been in the spotlight in the past few weeks as the number of Monkey Pox cases has soared. The company, which has a market cap of over $3.14 million and had a daily volume of over 229 million on Monday. This happened as the company made progress on its Mpox vaccine. 

TNXP, like INBS, has been under pressure in the past few years. Its stock has dropped by almost 100% in the past few years. It has also plunged by 98% this year alone and by 99.9% in the last five years. 

This performance happened as the company continued reporting substantial losses and diluting its existing shareholders. Its annual loss in the last financial year stood at over $116 million, up from over $110 million a year earlier. Altogether, the firm’s total loss in the last five years was over $400 million.

Tonix has seen its total outstanding shares from just 392 in 2018 to over 5 million today. Its stock has remained below all moving averages while the RSI has continued falling. Therefore, the outlook for the stock is extremely bearish and could move to zero soon.

Tonix chart by TradingView

The post Penny stocks analysis: AITX, Intelligent Bio (INBS), Tonix (TNXP) appeared first on Invezz

President Biden responded to questions Thursday about his alleged involvement in an international bribery scandal with a simple joke.

‘Where’s the money?’ he quipped when asked by a reporter for his response to Rep. Nancy Mace, R-S.C., a member of the House Oversight Committee investigating the president, who said earlier in the day the allegations are ‘worse than has been reported so far.’

‘I’m joking. It’s a bunch of malarkey,’ Biden added.

Mace, who reviewed the FD-1023 document an FBI whistleblower said proved Biden’s participation in the bribery scandal, told Fox News Digital on Thursday there is ‘damning evidence the sitting President of the United States sold out his country in an ongoing bribery scheme.’

House Oversight Committee Chairman James Comer, R-Ky., and Sen. Chuck Grassley, R-Iowa, were first approached by the whistleblower who said the FBI was in possession of the document, dated June 30, 2020, that explicitly detailed information provided by a confidential human source who alleged that Biden, while serving as vice president, was involved in a $5 million criminal bribery scheme with a foreign national in exchange for influence over policy decisions.

After being subpoenaed for the document, FBI Director Christopher Wray on Monday allowed Comer and House Oversight Committee ranking member Jamie Raskin, D-Md., to view the document in a secure sensitive compartment information facility. 

The FBI agreed on Wednesday to allow the full Oversight Committee to view the document after Republicans on the committee threatened to hold Wray in contempt of Congress.

The information in the document, according to the whistleblower, reveals ‘a precise description of how the alleged criminal scheme was employed as well as its purpose’ and details an arrangement that involved an exchange of money for policy decisions.

Fox News’ Brianna Herlihy, Brooke Singman, Jake Gibson and Chad Pergram contributed to this report.

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Rep. Ryan Zinke, R-Mont., called out politicians who are ‘complaining’ about the Canadian wildfire smoke on Capitol Hill, but ‘won’t allow’ for forest management in Western states across the U.S.

‘I have zero empathy for D.C. politicians complaining about the smoke,’ Zinke wrote in a Twitter post Thursday. ‘If you won’t allow us to responsibly manage forests, you should have to deal with the consequences just like we do in the West.’

In a video standing in front of the Washington Monument that was masked by smoke, the Montana representative said the unhealthy haze is ‘a reminder that our forests need to be managed.’

‘Whether you’re a climate change activist or denier, it doesn’t relieve you of the responsibility to manage our forests,’ Zinke said. ‘And if you don’t manage our forests, this is what happens. So welcome to Montana, Washington D.C.’

After wildfire smoke drifted from Canada into Eastern U.S. states on Wednesday, Democratic representatives immediately blamed the conditions on the ‘climate crisis.’

‘Between NYC in wildfire smoke and this in PR, it bears repeating how unprepared we are for the climate crisis,’ progressive Rep. Alexandria Ocasio-Cortez, D-N.Y., posted on Twitter. ‘We must adapt our food systems, energy grids, infrastructure, healthcare, etc ASAP to prepare for what’s to come and catch up to what is already here.’

Proponents of the environmental movement, which opposes many forest intervention methods, say that ‘climate change’ and a warming planet ‘make these disasters worse.’

‘These Canadian wildfires are truly unprecedented, and climate change continues to make these disasters worse,’ said Sen. Chuck Schumer, D-N.Y. ‘We passed the Inflation Reduction Act to fight climate change, and we must do more to speed our transition to cleaner energy and reduce carbon in the atmosphere.’

Many Republicans believe that to reduce the risk of catastrophic wildfires, forests need to be managed through logging, forest thinning to reduce fuels, and controlled burns.

The House Republicans Subcommittee on Federal Lands held a hearing in April to examine the U.S. Forest Service’s budget request for FY 2024. 

‘Over the past several years, Democrats poured billions of dollars into the U.S. Forest Service with little to no progress to show for it. House Republicans are committed to accountability and transparency for the Forest Service as we actively manage our forests, increase timber production, and reduce the risk of catastrophic wildfires,’ Subcommittee Chairman Rep. Tom Tiffany, R-Wis., said in a statement regarding the budget.

Fox News’ Brianna Herlihy contributed to this report.

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EXCLUSIVE: President Joe Biden was allegedly paid $5 million by an executive of the Ukrainian natural gas firm Burisma Holdings, where his son Hunter Biden sat on the board, a confidential human source told the FBI during a June 2020 interview, sources familiar told Fox News Digital.

The sources briefed Fox News Digital on the contents of the FBI-generated FD-1023 form alleging a criminal bribery scheme between then-Vice President Joe Biden and a foreign national that involved influence over U.S. policy decisions.

The FD-1023 form, dated June 30, 2020, is the FBI’s interview with a ‘highly credible’ confidential source who detailed multiple meetings and conversations he or she had with a top Burisma executive over the course of several years, starting in 2015. Fox News Digital has not seen the form, but it was described by several sources who are aware of its contents.

An FD-1023 form is used by FBI agents to record unverified reporting from confidential human sources. The form is used to document information as told to an FBI agent, but recording that information does not validate or weigh it against other information known by the FBI.

The Burisma executive sought the advice of the confidential source, a business professional, on gaining U.S. oil rights and getting involved with a U.S. oil company, the sources familiar with the document said. The Burisma executive was speaking with the confidential source to ‘get advice on the best way to go forward’ in 2015 and 2016.

According to the FD-1023 form, the confidential human source said the Burisma executive discussed Hunter’s role on the board. The confidential human source questioned why the Burisma executive needed his or her advice in acquiring access to U.S. oil if he had Hunter Biden on the board. The Burisma executive answered by referring to Hunter Biden as ‘dumb.’

The Burisma executive explained to the confidential source that Burisma had to ‘pay the Bidens’ because Ukrainian prosecutor Viktor Shokin was investigating Burisma, and explained how difficult it would be to enter the U.S. market in the midst of that investigation.

The confidential source further detailed that conversation, suggesting to the Burisma executive that he ‘pay the Bidens $50,000 each,’ to which the Burisma executive replied, it is ‘not $50,000,’ it is ‘$5 million.’

‘$5 million for one Biden, $5 million for the other Biden,’ the Burisma executive told the confidential human source, according to a source familiar with the document.

A source familiar said according to the document, the $5 million payments appeared to reference a kind of ‘retainer’ Burisma intended to pay the Bidens to deal with a number of issues, including the investigation led by Shokin. Another source referred to the arrangement as a ‘pay-to-play’ scheme. 

Sources familiar told Fox News Digital that the confidential human source believes that the $5 million payment to Joe Biden and the $5 million payment to Hunter Biden occurred, based on his or her conversations with the Burisma executive. 

The confidential source said the Burisma executive told him he ‘paid’ the Bidens in such a manner ‘through so many different bank accounts’ that investigators would not be able to ‘unravel this for at least 10 years.’

The document then makes reference to ‘the Big Guy,’ which, has been said to be a reference to Joe Biden.

The Burisma executive told the confidential source that he ‘didn’t pay the Big Guy directly.’ 

Fox News Digital has learned that the confidential human source has been used by the FBI as a regular, reliable source of information since 2010 and has been paid approximately $200,000 by the bureau. 

Sources said the Burisma executive appears to be at a ‘very, very high level’ of the company. One source familiar suggested the confidential source could be referring to the head of Burisma, Mykola Zlochevsky, but said the name of the Burisma executive is redacted in the document.

Biden has acknowledged that when he was vice president, he successfully pressured Ukraine to fire prosecutor Viktor Shokin. At the time, Shokin was investigating Burisma Holdings, and at the time, Hunter had a highly-lucrative role on the board receiving thousands of dollars per month. The then-vice president threatened to withhold $1 billion of critical U.S. aid if Shokin was not fired.

‘I said, ‘You’re not getting the billion. I’m going to be leaving here in,’ I think it was about six hours. I looked at them and said: ‘I’m leaving in six hours. If the prosecutor is not fired, you’re not getting the money,’’ Biden recalled telling then-Ukrainian President Petro Poroshenko. Biden recollected the conversation during an event for the Council on Foreign Relations in 2018. 

‘Well, son of a bitch, he got fired,’ Biden said during the event. ‘And they put in place someone who was solid at the time.’

Biden allies maintain the then-vice president pushed for Shokin’s firing due to concerns the Ukrainian prosecutor went easy on corruption, and say that his firing, at the time, was the policy position of the U.S. and international community.

In 2019, then-President Donald Trump, pressed Ukrainian President Volodymyr Zelenskyy to launch investigations into the Biden family’s actions and business dealings in Ukraine —specifically Hunter Biden’s ventures with Ukrainian natural gas firm Burisma Holdings and Joe Biden’s successful effort to have Shokin ousted.

Trump’s request was regarded by Democrats as a quid pro quo for millions in U.S. military aid to Ukraine had been frozen. Democrats also claimed Trump was meddling in the 2020 presidential election by asking a foreign leader to look into a Democratic political opponent.

Trump was later impeached by the House of Representatives for abuse of power and obstruction of Congress — all stemming from the phone call and the question about the Bidens’ dealings. The Senate voted for acquittal in February 2020.

The confidential source, according to the sources familiar with the FD-1023 form, told the Burisma executive he should ‘get away’ from the Bidens and said the executive should ‘not want to be involved’ with them.

A source familiar with the document told Fox News Digital that the confidential human source goes on to detail a later conversation with the Burisma executive following the 2016 presidential election. The confidential source asked the Burisma executive if he was ‘upset’ that Donald Trump won.

The source said the Burisma executive told the confidential source that he was ‘an oracle,’ referring to his or her advice to ‘get away’ from the Bidens due to fears of potential investigations into their dealings. 

The House Oversight Committee had subpoenaed the FBI for the FD-1023 document. After a back-and-forth between the committee and the bureau, and amid threats of holding FBI Director Christopher Wray in contempt of Congress, the FBI allowed all committee members to view the document in a secure setting on Capitol Hill. 

The revelations of the document came after a whistleblower approached GOP Sen. Chuck Grassley, R-Iowa, and House Oversight Committee Chairman James Comer, R-Ky., The whistleblower said the FBI was in possession of a document – the FD-1023 form dated June 30, 2020. 

The White House has maintained that President Biden has never been involved in his son’s business dealings and has never discussed them with him. 

Hunter Biden is currently under federal investigations for his ‘tax affairs.’ The investigation began in 2018 and was prompted by suspicious foreign transactions. 

The White House declined to comment, pointing to a statement by Joe Biden Thursday calling the allegations ‘a bunch of malarky.’

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Democratic presidential candidate Marianne Williamson’s new campaign manager has previously faced accusations of financial fraud for allegedly using organization funds on personal expenses.

The new campaign manager, Roza Calderon, was accused by the Placer Women Democrats in 2017 of spending almost $1,900 from the organization’s bank account on multiple personal expenses, including one instance in which the manager allegedly spent organization funds on tickets to a concert, according to reporting from Politico Thursday.

The group alleges that Calderon, who was serving as a volunteer treasurer at the time and had access to the organization’s online accounting ledger, used the credit card for not only the concert tickets, but also for personal expenses such as gasoline and movie downloads.

The Placer Women Democrats eventually filed a police report against Calderon, who was also running an unsuccessful campaign for the U.S. House in California’s 4th District at the time, while the former treasurer, Sharleen Finn, alleged that Calderon attempted to delete internal files to cover up the fraud.

‘When she was confronted about it, [her response] first sort of went into denial. And then later when the proof was coming out in terms of receipts and things that people had gathered, she said she would pay it back,’ Kathleen Crawford, who now serves as the chair of the Placer County Democratic Central Committee and was involved with the organization at the time of the alleged fraud, told Politico.

Asked about Calderon’s new role with the Williamson campaign, Crawford said she hopes Calderon has since been updated on the rules.

‘I’m hoping that Roza has learned lessons, and she has a professional accounting firm and has learned the rules,’ Crawford told Politico.

Crawford said the group would typically only raise $5,000 to $10,000 for an entire election cycle, making any misuse of the funds a large issue.

Calderon eventually returned $1,900 to the organization after being confronted about the issue, but has denied the accusation of fraud to local news outlets. 

The case was settled in court in 2019, with a judge ordering Calderon to write an apology letter to the Placer Women Democrats and barring her from taking any positions ‘of trust’ for elder or dependent adults.

Reached for comment by Fox News Digital, the Williamson campaign argued the issue has ‘been set aside and dismissed by the Superior Court of Placer County.’

‘Once again, we’re forced to respond to an apparent political ‘hit’ piece on newly appointed Campaign Manager, Roza Calderon and disproven allegations that were cleared several years ago,’ the campaign said in a statement.

‘These on-going attacks on the Marianne Williamson campaign are again an effort to diminish the significance of her second run for President and now, the corporate media establishment is waging war on campaign staffers,’ the statement continued. ‘We’re confident in the leadership abilities of Roza Calderon and happy to have her on board to lead this campaign to victory.’

Calderon also faces accusations of embellishing her experience prior to joining the Williamson campaign, falsely claiming on Linkedin to having served as the director of development for the progressive nonprofit Our Revolution from December 2022 to April 2023. However, a spokesperson for the organization told Politico that Calderon only served as a contract fundraiser.

‘Ms. Calderon was never an employee of Our Revolution, nor was she authorized to represent herself as the organization’s Development or Finance Director,’ a spokesperson for Our Revolution told Politico.

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Maine lawmakers have signed off on a proposal to expand the state’s equal pay law to prevent discrimination on the basis of race.

The proposal from House Speaker Rachel Talbot Ross received affirmative votes in both chambers of the Maine Legislature this week. The change would expand the current equal pay law, which prevents employers from discriminating between employees on the basis of sex by paying lower wages for comparable work on jobs that require comparable skill, effort and responsibility.

Ross’s proposal adds language that an employer may also not discriminate between employees on the basis of race. Ross said in a statement on Wednesday that the law change ‘will help close the racial wealth gap.’

Democratic Gov. Janet Mills must also sign off on the law change.

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Former President Trump has been indicted on federal charges that emerged out of Special Counsel Jack Smith’s months-long investigation.

Trump facing at least seven federal counts related to document handling and obstruction of justice. He has been ordered to appear in federal court in Miami on Tuesday.

Trump himself announced the indictment on his social media platform, Truth Social.

‘The corrupt Biden Administration has informed my attorneys that I have been Indicted, seemingly over the Boxes Hoax, even though Joe Biden has 1850 Boxes at the University of Delaware, additional Boxes in Chinatown, D.C., with even more Boxes at the University of Pennsylvania, and documents strewn all over his garage floor where he parks his Corvette, and which is ‘secured’ by only a garage door that is paper thin, and open much of the time,’ Trump said on Truth Social.

Trump said he has ‘been summoned to appear at the Federal Courthouse in Miami on Tuesday, at 3 PM.’ 

‘I never thought it possible that such a thing could happen to a former President of the United States, who received far more votes than any sitting President in the History of our Country, and is currently leading, by far, all Candidates, both Democrat and Republican, in Polls of the 2024 Presidential Election,’ Trump posted. ‘I AM AN INNOCENT MAN!’ 

Trump added: ‘This is indeed a DARK DAY for the United States of America. We are a Country in serious and rapid Decline, but together we will Make America Great Again!’ 

It is unclear what, specifically, Trump has been charged for. 

This is the second time Trump has been indicted this year. Trump pleaded not guilty in April after being charged by Manhattan District Attorney Alvin Bragg for 34 felony counts of falsifying business records in the first degree.

Smith was appointed by Attorney General Merrick Garland in November 2022 to investigate Trump’s alleged improper retention of classified records at his Mar-a-Lago home.

The Justice Department had been investigating the matter after the FBI conducted an unprecedented raid on his private residence in August 2022.

NARA told Congress in February 2022 that Trump took 15 boxes of presidential records to his personal residence in Florida. NARA recovered the 15 boxes from Mar-a-Lago and ‘identified items marked as classified national security information within the boxes.’ The matter was referred to the Justice Department by NARA. 

Those boxes allegedly contained ‘classified national security information,’ and official correspondence between Trump and foreign heads of state.

Classified material that was reportedly confiscated by the FBI during the FBI’s raid in August included a letter to Trump from former President Obama, a letter from Kim Jong Un, a birthday dinner menu and a cocktail napkin.

Trump, last year, said the National Archives did not ‘find’ the documents, but that they were ‘given, upon request.’ Sources close to the former president said he had been cooperating and there was ‘no need’ for the raid.

The affidavit said that the FBI’s investigation had ‘established that documents bearing classification markings, which appear to contain National Defense Information (NDI), were among the materials contained’ in the 15 boxes Trump initially turned over to the NARA. 

‘A preliminary triage of the documents with classification markings revealed the following approximate numbers: 184 unique documents bearing classification markings, including 67 documents marked as CONFIDENTIAL, 92 documents marked as SECRET, and 25 documents marked as TOP SECRET,’ the affidavit states. 

The FBI said it had ‘probable cause to believe’ that additional records containing classified information, including National Defense Information, would be found on the premises of Mar-a-Lago home, beyond what he had previously turned over to the NARA, according to the unsealed and heavily-redacted affidavit used to justify the raid. 

According to the property receipt from the Aug. 8, 2022 FBI raid, FBI agents took approximately 20 boxes of items from the premises, including one set of documents marked as ‘Various classified/TS/SCI documents,’ which refers to top secret/sensitive compartmented information.

Records covered by that government classification level could potentially include human intelligence and information that, if disclosed, could jeopardize relations between the U.S. and other nations, as well as the lives of intelligence operatives abroad. However, the classification also encompasses national security information related to the daily operations of the president of the United States.

The property receipt also showed that FBI agents collected four sets of top secret documents, three sets of secret documents and three sets of confidential documents, but the document does not reveal any details about any of those records.

The government conducted the search in response to what it believed to be a violation of federal laws: 18 USC 793 — gathering, transmitting or losing defense information; 18 USC 2071 — concealment, removal or mutilation; and 18 USC 1519 — destruction, alteration or falsification of records in federal investigations. 

The allegation of ‘gathering, transmitting or losing defense information’ falls under the Espionage Act.

The indictment comes after classified records were also discovered in President Biden’s office at the Penn Biden Center last year. Those records were from his time as vice president during the Obama administration and from his tenure in the U.S. Senate.

At the time, Garland initially chose U.S. Attorney John Lausch to conduct a review of classified records that were discovered at the Penn Biden Center. In December, more classified records were found at Biden’s Wilmington, Delaware home, but the discoveries were not made public until this year.

Garland later appointed U.S. Attorney Robert Hur as special counsel to investigate Biden’s improper retention of classified records. Hur took over the DOJ investigation from Lausch.

Meanwhile, classified records were also found at former Vice President Mike Pence’s home in Indiana.

Fox News reported last week that the Justice Department had completed its investigation in the matter and that Pence will not be charged.

The status of Biden’s special counsel investigation is unclear.

Smith also took over the Justice Department’s investigation into the Capitol riot on Jan. 6, 2021. In that role, he examined whether Trump or other officials interfered with the peaceful transfer of power following the 2020 presidential election, including the certification of the Electoral College vote on that day.

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The U.S. Department of Defense does not support hosting drag shows at military installations and facilities, according to a DOD spokesperson.

Pentagon press secretary Air Force Brig. Gen. Pat Ryder was asked during a press briefing Thursday about a policy rolled out by the Pentagon aimed at banning drag shows on military installations.

A bill pushed by Sen. Steve Daines, R-Mont., contained language that ‘appropriated or otherwise made available for the Department of Defense and no facilities owned or operated by Department of Defense may be used to host, advertise, or otherwise support an adult cabaret performance.’

Specifically, ‘Adult Cabaret’ was defined as a performance featuring topless or go-go dances, exotic dances, or any show featuring male or female impersonations that appeal to prurient interest.

In light of the proposed legislation, and under intense scrutiny, military installations canceled planned Pride Month drag shows.

During Thursday’s press briefing, a reporter asked what message service members should take away from the policy change, especially since it was rolled out at the beginning of Pride month.

Ryder told the reporter the military recognizes June as Pride month, adding that they are grateful for the many contributions from service members and DOD civilian employees from the LGBTQI+ community who serve the country.

‘As you well know, those of you who’ve covered DOD, we conduct special observance months to recognize the continuous achievements of all Americans into American culture for increased awareness, mutual respect and understanding to include Pride month,’ Ryder said. ‘When it comes to drag shows, however, you know, I would take exception.’

He said it has been a ‘longstanding policy’ that the DOD will not host drag events at U.S. military installations or facilities.

‘We became aware of the drag events during an April congressional hearing, that there were drag events scheduled to take place at DOD installations and facilities,’ he said. ‘And so, again, the secretary advised that the department will not host such events.’

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More Americans are now identifying as socially and economically conservative than at any point in more than a decade, a new Gallup poll has found.

According to the poll, 38% of Americans say they are conservative on social issues, up from 33% last year and 30% in 2021. That is the highest percentage since 2012, when the same number of Americans identified as such.

Americans identifying as liberal dropped significantly, falling to 29% from 34% in both 2022 and 2021. Those identifying as moderate made up 31% of survey participants.

When broken down by political affiliation, Republicans had the largest swing towards conservatism with 74% saying they identified as socially conservative. That number was 68% in 2022 and 60% in 2021.

Independents went in the same direction with 29% identifying as socially conservative, up from 26% in 2022 and 24% in 2021. Democrats continued to hover at around 10%.

Americans aged 18-29 also saw a big swing towards conservatism with 30% identifying as socially conservative, up from 26% in 2022 and 24% in 2021. Americans aged 30-49 and 50-64 trended in the same direction, with the former moving up to 35% from 27% in 2022 and 22% in 2021, and the latter up to 46% from 36% in 2022 and 35% in 2021.

Those identifying as economically conservative also hit its highest point since 2012, reaching 44%. Those identifying as moderate were at 33% and liberal at 21%.

In terms of political affiliation, 79% of Republicans said they identified as economically conservative, while 36% of independents and 16% of Democrats said the same.

The poll’s findings come as the nation continues to grapple with efforts from the left to push transgender ideology on American society. Conservatives have sought to counter those efforts with state-level laws banning things like gender transition treatments for children and boycotts against corporations for promoting such ideologies.

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