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,…

Any legal case brought against a former American president will inevitably have both political and legal considerations. Cases that are legally sound may have very little impact politically; a prosecution that may be politically explosive can fizzle in a court of law. It has been Donald Trump’s great good fortune thus…

Former President Donald Trump’s legal team is undergoing a significant shakeup in the wake of his indictment in the special counsel’s classified documents probe. In a sudden move, Trump announced Friday morning that he was removing two of his top attorneys, Jim Trusty and John Rowley, from the case and…

Shares of GameStop Corp. Cl A GME, +2.57% rallied 1.56% to $24.69 Tuesday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index SPX, +0.08% rising 0.24% to 4,283.85 and the Dow Jones Industrial Average DJIA, -0.02% rising 0.03% to 33,573.28.…

Advisor Group, a network of independent broker-dealers, has hired Dynasty Financial Partners co-founder Ed Swenson to build a business serving the needs of registered investment advisors. The hire comes less than two months after Advisor Group unveiled plans to consolidate its eight broker-dealers into one and adopt a single brand.…

As aspiring homeowners contend with high mortgage rates, rising home prices, and a low number of homes for sale, the construction of single-family homes built deliberately to be rented is forging full steam ahead as investors bet on rentals. The number of newly built single-family homes being sold to investors…

Banks increased lending last week and deposits rose for the first time in a month, showing little evidence of an emerging credit crunch in the U.S. banking system. Total bank lending climbed by $10.4 billion to $12.13 trillion in the seven days ending May 17, the Federal Reserve reported Friday.…

© Reuters After-hours movers: GitLab surges on beat and raise, Mobileye falls on stock offering After-Hours Stock Movers: Gitlab Inc (NASDAQ:) 22% HIGHER; reported better-than-expected and higher guidance citing the AI revolution. Blue Bird (NASDAQ:) 9% LOWER; announced today that affiliates of Coliseum Capital Management LLC and American Securities LLC intend to…

Investing.com — Oil prices rose sharply in early Asian trade on Monday after Saudi Arabia pledged deep production cuts in July, while the Organization of Petroleum Exporting Countries and Allies agreed to extend supply cuts into 2024.  In a weekend OPEC+ meeting, Saudi Arabia said it will cut production by…

BUENOS AIRES (Reuters) – Argentina’s central bank purchased $451 million of foreign currency on Wednesday to bolster its dwindling hard currency reserves, after daily sales from farm exports topped $1 billion, providing some relief for the country’s hard-hit finances. The currency move on Wednesday marks the biggest such purchase since…