Introduction In December of last year, I argued Bank of America’s (NYSE:BAC) non-callable preferred shares were a good idea to speculate on a rate cut (and on decreasing interest rates on the financial markets). So far, the investment has done what I expected it to do. Bank of America continued…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Italian prosecutors are investigating charges of manslaughter and “negligent shipwreck” over the sinking of a superyacht in bad weather in which UK tech entrepreneur Mike Lynch and six others died. Ambrogio Cartosio,…

‘Uncommitted’ Dems react to not getting DNC stage time to speak about Gaza CNN’s Victor Blackwell speaks with Ruwa Romman and Abbas Alawieh on the DNC not fulfilling the “Uncommitted” movement’s request to speak during the convention. Read the full article here

By Elana Rabinowitz, Next Avenue “We call it pretirement,” a woman said while gushing about her new life in the affluent resort town of Saratoga Springs, New York. The smile on her face was impossible to hide. “Pretirement?” I asked, as if she made a verbal typo. She explained that…

Our goal here at Credible Operations, Inc., NMLS Number 1681276, referred to as “Credible” below, is to give you the tools and confidence you need to improve your finances. Although we do promote products from our partner lenders who compensate us for our services, all opinions are our own. The…

The U.S. Bureau of Labor Statistics just reported that the U.S. added 818,000 fewer jobs over the last 12 months (through March) than they previously predicted. The -0.5% difference was reported in the preliminary estimate of the annual revision to the BLS employment series. Consumers won’t know the final numbers…

Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Friday’s key moments. Stocks rallied Friday after Federal Reserve Chairman Jerome Powell’s dovish Jackson Hole speech. Powell said Friday, “The time has come for policy to adjust,” laying…

Check out the companies making headlines in midday trading: Cava Group — Shares of the fast-casual restaurant chain popped more than 21% on stronger-than-expected quarterly results . Cava posted earnings of 17 cents per share on $233 million in revenue in the fiscal second quarter. That topped LSEG estimates calling…

New Starbucks CEO Brian Niccol won’t be a constant presence at its Seattle headquarters where he takes the helm next month. Instead, he’s going to commute weekly from his California home. The setup was revealed last week in Niccol’s offer letter, which is giving him a “small remote office” at…

Written by Nick Ackerman, co-produced by Stanford Chemist. FIRST TRUST HY OPPORTUNITIES 2027 TERM (NYSE:FTHY) is a closed-end fund, or CEF, that provides investors with a high monthly distribution yield. The fund invests in both high-yield bonds and senior loans in an attempt to achieve that. The fund’s discount has…