On Sunday, the cost of a stamp is going up for the second time this year, jumping 5 cents for first class postage to 73 cents. You probably didn’t notice. And truthfully, you may not care. But you should. Most people don’t use mail the way they used to – if…

Introduction I have recently been increasing my exposure to the more senior securities in the capital stack of CLO CEFs. In a recent article I discussed a series of preferred shares issued by Priority Income Fund (OTC:PRIF) and as the term preferred shares of that CLO-equity focused CEF yielded 8.75%…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Dozens of Palestinians have been killed in a series of Israeli air strikes in southern Gaza which officials said were aimed at Hamas’s military chief Mohammed Deif.Israeli officials said Deif and another…

Smerconish: Don’t blame me Accused of being a “Partisan MAGA Media Personality” for talking about Biden stepping down, CNN’s Michael Smerconish asks if the same holds true for David Axelrod, George Clooney, James Carville and George Stephanopoulos. “Don’t blame me on November 6 when you wake up.” Read the full…

Retirement decisions are always complex and rarely easy. As a veteran retirement researcher who has written books on the subject, I find myself sympathetic to President Biden’s reluctance to “step aside” and retire. While this is a unique situation, his response is in fact quite normal. It makes perfect sense…

Mortgage rates were mixed this week with the standard 30-year note declining slightly for the fourth consecutive reading, while shorter-term rates ticked up a bit. Freddie Mac’s latest Primary Mortgage Market Survey, released Thursday, showed that the average rate on the benchmark 30-year fixed mortgage ticked down to 6.86% this week…

Hackers stole six months’ worth of call and text message records of nearly every AT&T cellular network customer, the company said Friday, a breach that has the potential to reveal sensitive information about millions of Americans.The company said in an SEC filing that it learned from an internal investigation that in April,…

SpaceX’s Falcon 9 rocket is grounded, pending an incident investigation, after an inflight failure — a rare misfire for the company’s workhorse vehicle.The mission, known as “Starlink Group 9-3,” launched from California’s Vandenberg Space Force Base on Thursday evening and was carrying 20 satellites bound for low Earth orbit.The rocket’s…

Wholesale price inflation unexpectedly accelerated in June to its highest rate since March 2023, according to new data released Friday. On the surface, the jump in PPI appears to be an unwelcome development for the US economy and the fight to rein in high inflation — and it appears especially…

Introduction Occasionally, the signs of stock bubbles come from unexpected places. Corning Incorporated (NYSE:GLW), for example, isn’t a particularly glamorous or exciting business. It isn’t new, and its long-term returns haven’t been great. Data by YCharts Over the past 30 years, the SPDR® S&P 500 ETF Trust (SPY) has outperformed…