Author: News Room

All three major averages posted losses in a volatile week. The Dow Jones Industrial Average led the way down, tanking more than 500 points on Friday alone, and ended the week with a 2.7% decline. The broad-based S & P 500 index dropped 1.6%, while the tech-heavy Nasdaq Composite dipped 0.5% The cause of the decline: A slightly hotter-than-expected March consumer price index (CPI) report on Wednesday pushed up Treasury bond yields and forced investors to reconsider the number of interest-rate cuts this year from the Federal Reserve. With the economy still humming along, it’s less likely the central bank…

A version of this story appears in CNN’s What Matters newsletter. To get it in your inbox, sign up for free here. When CNN asked for your questions about former President Donald Trump’s upcoming first criminal trial – for his role in hush money payments made before the 2016 election to women who said they had affairs with him – we got a flood of input. Not all of it was fit to print. But there were a lot of legitimate and very thoughtful questions. Keep reading for a representative sampling, which helps explain the case, along with context from CNN’s…

Topline President Joe Biden told reporters on Friday he expects Iran to attack Israel “sooner rather than later” amid reports that Iran is preparing to attack Israel in response to a strike against the Iranian embassy in Syria earlier this month. Key Facts Biden, speaking to a group of reporters, said his assessment of the potential attack came from intelligence reports he was not able to describe in more detail, Politico reported. When asked what his message was for Iran at the moment, Biden sternly said, “don’t.” Reports that Iran is preparing to attack Israel have been increasing in recent…

Millvina Dean was only 9 weeks old when her family boarded the Titanic in 1912. She never publicly spoke about the Titanic until September 1, 1985, when the wreck was found. She lived to be 97 years old, dying in 2009. She was the last living survivor of the ship. The RMS Titanic and its doomed voyage have captured people’s interest since the tragedy in April 1912.The ship and its passengers were once again brought back into the spotlight when the wreckage was found on September 1, 1985, over 73 years after it sank.Among those passengers was Millvina Dean, who…

Jeronimo Noriega, a student from San Antonio, moved to Spain and never plans to return to the US.Noriega appreciates Spain’s work culture, public transportation, and affordable dining experiences.Though he misses friends and US customer service, Noriega doesn’t plan to move back. This as-told-to essay is based on a conversation with Jeronimo Noriega, a 27-year-old student who lives in Spain. It’s been edited for length and clarity.I moved to Oviedo, Asturias in Northwest Spain after growing up in San Antonio and I don’t think I’ll ever move back to the United States.If that shocks you, it surprised me too. I never…

The Shiba Inu price slump has presented an opportunity for market participants to procure it at a discount amid the $1 million portfolio goal. Cryptocurrency prices recently slumped to monthly lows, as Bitcoin (BTC) collapsed below the $65,000 price territory. One of the primary triggers of this market-wide turmoil is a hotter-than-expected U.S. inflation data, which caused a drop in the prices of risk assets, as investors exit markets. Shiba Inu Trades at a Discount With the crypto market heavily impacted, Shiba Inu has also faced a massive decline. However, market watchers see this downturn as an opportunity to procure…

Ukraine’s top military general warned Saturday that the battlefield situation in the east of the country, which continues to be the epicenter of the fiercest fighting in Ukraine, has deteriorated sharply.”The situation on the eastern front has significantly worsened in recent days,” Oleksandr Syrskyi, commander-in-chief of Ukraine’s armed forces, said on Telegram.”This is primarily due to the significant intensification of enemy offensive actions following the presidential elections in the Russian Federation,” he added, in comments translated by NBC News.Syrskyi said warm, dry weather had facilitated Russian forces’ attacks on Ukrainian positions in the Lyman and Bakhmut areas of the Donetsk…

There are only 14 U.S. states where residents who earn less than $75,000 can afford a median-priced home, a new Bankrate analysis reveals.That number has dropped from 36 in just four years, illustrating how rising home prices have tilted the balance of homeownership toward the wealthiest Americans.Considering that half of the country’s households earn a median of $74,580 or less, these 14 states are some of the few places where middle-income earners can afford a typical home.To calculate homeownership costs in each U.S. state, Bankrate assumes a 20% down payment, no homeowner association (HOA) fees or mortgage insurance and a…

Topline United States Steel announced Friday its shareholders approved the $14.1 billion sale of the company to Japan-based Nippon Steel, which has received pushback from regulators and President Joe Biden, who has opposed the deal and said the U.S. needs to maintain domestic steel companies “powered by American steel workers.” Key Facts U.S. Steel shareholders approved the sale and are expected to receive $55 in cash for each company share they own, the Wall Street Journal reported, noting the approval of the deal was widely expected. Investors representing about 71% of the steelmaker’s shares voted on the deal, according to…

There’s no sugarcoating it: As I write this, our favorite high-yielding income plays—closed-end funds (CEFs)—are lagging behind “regular” stocks. But that doesn’t mean I’m opening this article on a sour note. Truth is, this underperformance is good news for us, as these unloved (and cheap!) 8%-payers are long overdue for a “snap back” to normal. The result is a (likely short-lived) buying opportunity we’re going to break down now—especially as it relates to the 6.7%-paying Adams Diversified Equity Fund (ADX), a core holding (and buy recommendation) of my CEF Insider service. But let’s start with that performance lag. Over the…