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The BlackRock Enhanced Capital and Income Fund Inc (NYSE:CII) is a closed-end fund that investors can employ in order to earn a very high level of income from the assets in their portfolios. The generation of income seems to be an increasingly popular theme nowadays as many retirees and other…

Bryant Burton was snuggled up with his one-year-old Staffordshire terrier, Baby, watching the US presidential debate on Tuesday, when Donald Trump uttered the words that thrust his hometown of Springfield, Ohio, into the centre of America’s election maw — and may have forever besmirched its reputation.“In Springfield, they’re eating the…

Mortgage rates fell this week to the lowest levels in over a year and a half, but elevated rates and high home prices are still keeping would-be buyers and sellers out of the housing market. Freddie Mac’s latest Primary Mortgage Market Survey, released Thursday, showed that the average rate on…

The U.S. government for the first time has spent more than $1 trillion this year on interest payments for its $35.3 trillion national debt, the Treasury Department reported Thursday.With the Federal Reserve holding benchmark rates at their highest in 23 years, the government has laid out $1.049 trillion on debt…

American Airlines flight attendants approved a five-year labor deal, ending one of the industry’s most contentious contract negotiations and giving cabin crews more than 20% raises at the start of October.Eighty-seven percent of the American Airlines flight attendants who voted approved the contract, the union said Thursday, shortly after polls…

When you’re making a purchase at a store’s checkout counter, you may be invited to sign up for the retailer’s store card and promised an initial discount on what you’re buying, plus future perks. “Ok, why not?” you think. Here’s why not: If you ever end up carrying a balance…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.New York City’s police commissioner Edward Caban has resigned amid a sprawling federal corruption investigation that has threatened to engulf mayor Eric Adams’s administration.The move comes days after Caban’s phone was reportedly…

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