Author: News Room

In a recent transaction, Saba Capital Management, L.P., has increased its stake in Pioneer Municipal High Income Advantage Fund, Inc. (NYSE:MAV), purchasing 18,383 shares at a price of $8.12 each. The total investment for this acquisition amounted to approximately $149,269. This latest buy brings Saba Capital Management’s total holdings in the fund to 2,631,183 shares. The transaction, which took place on March 19, 2024, signifies a continued interest from the investment firm in the municipal bond-focused fund. Pioneer Municipal High Income Advantage Fund is known for investing in a diversified portfolio of municipal bonds with the aim of providing high…

WASHINGTON (Reuters) – U.S. Energy Secretary Jennifer Granholm said on Wednesday she encourages the U.S. Congress to ban uranium supplies from Russia, as doing so would free up funds to support domestic development of fuel for next generation nuclear reactors. The U.S. House passed legislation last December to ban imports of the fuel for nuclear power plants as part of Washington’s response to Russia’s full-scale invasion of Ukraine. Similar legislation has been held up in the Senate by a hold by Republican Senator Ted Cruz, over an unrelated matter. Under a deal struck by lawmakers, passing the ban on the…

A multibillion-dollar settlement in the United States agreed last Friday has opened the door for alternative models of selling real estate, and likely spells the end to 6% commissions on home sales. American homesellers excited by the prospect of paying substantially lower fees — and realtors equally fearful of a huge cut to their income — need only look across the pond for an example of what might happen next. An influx of low-cost, online-only real estate agencies in Britain has shaken up its housing market in recent years, offering sellers highly competitive upfront fixed fees for a basic package…

The US Dollar sees its fifth consecutive gains starting to fade ahead of the Fed.  Traders brace for the Fed decision, with Powell and new economic projections on the docket.  The US Dollar Index slides back below 104.00 with gains being erased towards the Fed meeting. The US Dollar (USD) faces some hiccups with the Federal Reserve rate decision nearing, falling from session’s high at 104.15, back below 104.00. All eyes are on the US, with the US Federal Reserve (Fed) set to issue its monetary policy statement followed by a speech and comments from Fed’s Chairman Jerome Powell. the crucial…

Leading crypto exchange Bitrue has further expanded its support for XRP by introducing eight new spot-based trading pairs for the sixth-largest cryptocurrency by market cap. The eight crypto assets paired with XRP include Shiba Inu (SHIB), Pepe (PEPE), Bonk (BONK), Uniswap (UNI), Worldcoin (WLD), ORDI (ORDI), Xahau (XAH), and Optimism (OP). Although the exchange released the list of the new pairs last week, it called attention to the development today in a tweet. 🔥 #Bitrue has launched 8 new $XRP base spot trading pairs! ✅ $XAH, $PEPE, $SHIB, $BONK, $UNI, $WLD, $ORDI and $OP are now available for trading 👉…

The matchup in one of the most competitive Senate races of the year was set Tuesday, when voters chose Cleveland businessman Bernie Moreno, who had the endorsement of former President Donald Trump, to take on Democratic Sen. Sherrod Brown this fall. Moreno is a Colombian-born, American-raised car dealership owner. He leaned into his background as an immigrant “who came here legally” and pitched himself as an “outsider” who hasn’t held political office and can unseat a three-term incumbent. His race against Brown will be crucial to deciding which party will have control of the Senate, after defeating Ohio Secretary of State Frank LaRose and state Sen. Matt Dolan in Tuesday’s primary. Brown, who was unopposed…

Bellator Champions Series events have a home. On Tuesday, the Professional Fighters League, which acquired Bellator in January, announced a new exclusive U.S. rights streaming deal with Warner Bros. Discovery to carry the new global Bellator Champions Series. The deal kicks in immediately, as the first event, Bellator Champions Series—Belfast, is set for Friday, March 22. That event pits Corey Anderson against Karl Moore for the vacant Bellator light heavyweight title and kicks off at 1 pm E.T. The co-main event is a Bellator Featherweight title bout between Patricio Pitbull and Jeremy Kennedy. Beginning on Friday, all 8 of the…

If President Joe Biden wins another term in the White House and both houses of Congress go to the Democrats, then that would likely be the worst possible outcome for U.S. stockholders, according to a new report. “A Democratic sweep would likely be the most negative outcome for equity markets primarily due to a higher probability of higher corporate tax rates,” the research note from Swiss-based bank UBS states. In addition to larger tax bills for companies, the expiration of some of the 2017 personal tax cuts introduced by the Trump administration could hurt consumer spending. If that wasn’t enough…

Interface.ai cofounder Srinivas Njay built a powerful virtual financial assistant with just $1 million in capital. The VCs are lining up—but like many self-funded entrepreneurs, he doesn’t need them. By Emily Mason, Forbes Staff For five years, founders Srinivas Njay and Bruce Kim have been building interface.ai and its artificial intelligence powered virtual assistant that helps banking customers do everything from analyze their spending to fill out a mortgage application to open a new credit card. So far, they’ve signed up more than 100 credit unions and small community banks serving 16 million consumers—contracts worth tens of millions in annual…

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