An inflation-adjusted boost to social security income and a rise in minimum wages has led to an increase in consumer spending at the beginning of 2023, according to a new Bank of America (BofA) report. Credit and debit card spending on BofA cards rose 5.1% annually in January, compared to…

In March, only 2.6% of all mortgages in the U.S. were in some stage of delinquency, according to the loan performance insights report by CoreLogic. That marked a 0.3 year-over-year percentage point decrease and the lowest level in more than two decades, CoreLogic said.  The organization defines delinquency as being…

The threat of a commercial real estate market crash is hanging over the already fragile U.S. economy.  About $1.5 trillion in commercial mortgage debt is due by the end of 2025, but steeper borrowing costs, coupled with tighter credit conditions and a decline in property values brought on by remote…

Market Movers rounded up the best reactions from investors and analysts on Tesla . The experts, including Jim Cramer and Cathie Wood of Ark Invest, discussed the electric vehicle maker as its stock popped 4%. On Thursday, General Motors CEO Mary Barra and Tesla CEO Elon Musk announced that the…

A 37-count criminal indictment against Donald Trump was unsealed Friday, revealing allegations that the former president willfully retained hundreds of classified government records and conspired to prevent their return to U.S. officials.The charging document, which alleges Trump kept records containing national defense information at his Florida home after leaving the…

Tesla (TSLA) stock charged higher Friday following an announcement by General Motors that GM’s electric vehicles would be able to charge using Tesla (TSLA)’s charging network. That news following a similar announcement from Ford just two weeks before. The company’s stock was up about $12 a share, or 5% on…

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The Solana network’s native token SOL is “not a security,” despite the Securities and Exchange Commission (SEC) claiming otherwise, the Solana Foundation has said.Commenting on the regulatory status of its token to CoinDesk on Thursday, the Solana Foundation made it clear that it still sees Solana as sufficiently decentralized for…

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Author’s note: This article was released to CEF/ETF Income Laboratory members on May 31, 2023. Please check latest data before investing. The Weekly Closed-End Fund Roundup will be put out at the start of each week to summarize recent price movements in closed-end fund [CEF] sectors in the last week,…