Author: News Room

Since the conclusion of All-Star Weekend Deandre Ayton has been playing like most expected him to before the season. The 6’11 center has seemingly been unleashed in Portland’s offense, playing 34.9 minutes over his past seven games, and being given every conceivable chance at asserting himself offensively, evident by his 18.1 shot attempts over that span. That strategy has paid off. Ayton is averaging an All-NBA caliber 25.1 points, and 15.1 rebounds, while connecting on 63% of his shots, and turning the ball over just 2.1 times per game. While a seven-game sample size is obviously limited, the contrast of…

Bonds are back, baby. Let’s talk about three funds that pay—between 8.3% and 10.9%. Plus, they are trading for less than the fair value of their parts. It’s free lunch time in Bondland. Of course not all bond funds are created equal. ETFs serve their purpose, but closed-end funds (CEFs) are where the payout party is at. Value plus yield at the CEF café. Most ETFs are tied to an index. Which means they are run by rules and robots. Boring. CEFs tend to be actively managed, meaning “bond brains” are able to adjust their portfolio from defensive to offensive…

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By Shankar Ramakrishnan (Reuters) – The U.S. market for one of the riskiest types of corporate debt is resurging this year, as companies cater to investor demand for assets that can lock in high yields for several years ahead of an expected decline in interest rates. Holders of these bonds, called junior subordinated debt, are among the last to be paid in case of a default and companies can defer interest payments. The reward for such high risk is yields that exceed those of senior bonds, for maturities of up to 40 years, though issuers typically call, or redeem, the…

Investing.com — Here are the biggest analyst moves in the area of artificial intelligence (AI) for this week. InvestingPro subscribers always get first dibs on market-moving AI analyst comments. Upgrade today! Wedbush raises Nvidia PT to $1,000 ahead of GTC An equity analyst at Wedbush, hiked the target price on Nvidia (NASDAQ:) stock from $850 to $1,000 ahead of the company’s global artificial intelligence conference (GTC) next week. He believes the news flow could serve as a near-term positive catalyst for NVDA “in addition to continued inputs suggesting end demand for NVDA’s AI products remains robust.” This outlook is supported…

President Joe Biden on Thursday said he believes it’s “vital” that US Steel remain American owned and operated, dealing a blow to the iconic company’s planned sale to Japan’s Nippon Steel. The announcement marks the strongest opposition yet from the White House to a controversial deal that has drawn some bipartisan criticism. “It is important that we maintain strong American steel companies powered by American steel workers. I told our steel workers I have their backs, and I meant it,” Biden said in a statement. “US Steel has been an iconic American steel company for more than a century, and it…

Despite the most recent retracements in the crypto markets, the overall trend in the past several months has been quite bullish, leading to a new all-time high for Bitcoin and a multi-year peak for Ethereum. Consequently, their market capitalizations increased as well a lot lately and that made them some of the largest financial assets by that metric. But where exactly does Ethereum stack up? ETH in the Top 25 CryptoPotato frequently reported Bitcoin’s progress as the asset entered the top 10 financial assets in February by surpassing Warren Buffett’s Berkshire Hathaway. A few weeks down the line, BTC’s market…

President Joe Biden’s weeklong tour of swing states is aimed to prove he can still stump the old way for his last campaign in a long life of politics, a state-by-state argument to convince voters that he remains the best man for the job. Across five electoral battlegrounds this week, Biden addressed his supporters from a high school gym, an industrial event space, an indoor tennis court, a Boys-and-Girls Club and a supporter’s front porch, hoping to put an exclamation point on his impassioned State of the Union address last week. It was a far cry from the same period four…

Gasoline prices are on the rise, climbing nearly $0.30/gallon since the beginning of the year. What you may not realize is that this price rise happens nearly every year. In fact, if we look back to 2000, the only time gasoline prices didn’t climb between January and May was in 2020 — when the COVID-19 pandemic collapsed oil prices. In the fall, the reverse happens. Nearly every year between August and December gasoline prices decline. People tend to notice this during election years, convinced that politicians are manipulating gasoline prices in order to stay in office. To be fair, sometimes…

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