Despite Detroit having the lowest home values of any metro in the country, Detroit renters still struggle with affordability. In fact, it costs 24% more to rent the typical home in the Detroit area than it does to buy it. That’s the biggest rent premium among the 50 most populous…

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The Federal Aviation Administration (FAA) delayed flights at five major U.S. airports so far on Thursday, as authorities say Canada wildfire smoke is impacting viability and deteriorating air quality across the Northeast.  As of 9:20 a.m. ET, the FAA has delayed all flights bound for Newark International Airport nationwide.The FAA…

China’s lackluster economic recovery since emerging from strict “zero-Covid” lockdowns has caused weaker sentiment toward the country, prompting investors to look for alternative options — like its near neighbors.In particular, stock markets in Japan, South Korea and India have all been major beneficiaries of the disappointment from China’s reopening, highlighted…

Philanthropist billionaire George Soros confirmed that he is handing control of his $25 billion empire to his son Alex.Soros, 92, has a net worth of $6.7 billion, according to Forbes, and is the one of the top 400 richest people in the world. In 2017, he shifted $18 billion from…

New York City on Sunday announced a new minimum pay-rate for app food delivery workers amid a rise in use of services like Uber Eats and DoorDash since the pandemic. Manhattan’s 60,000 food delivery workers currently make on average about $7.09 an hour, according to a news release from the…

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Russian and Iranian crypto and fintech industry group leaders have discussed ways the nations could use tokens to evade sanctions and facilitate trade.The talks were held at a summit in Tehran named the International Exhibition of Financial Industries.A panel discussion on crypto adoption was uploaded to the event’s official channel…

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Written by Nick Ackerman, co-produced by Stanford Chemist. This article was originally published to members of the CEF/ETF Income Laboratory on June 9th, 2023. Bancroft Fund (NYSE:BCV) continues to trade at a deep discount. In fact, the discount has expanded a bit since our prior update. Since our prior update,…