Author: News Room

Don’t believe the media’s latest line that stocks—and by extension 7%+ yielding closed-end funds (CEFs)—are oversold. Far from it! Truth is, stocks—and bonds and real estate, for that matter—are still oversold as a result of the 2022 market crash. You can see that in action in the chart below, with the benchmark ETF for the S&P 500 (in purple) up 11.1% since the start of 2022, while corporate bonds (in orange) are basically flat. And real estate investment trusts (REITs)—in blue—are still in the tank, down about 16%. Fact is, those are all low numbers, even for stocks: the S&P…

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A recession is four times more likely to happen than an expansion, says economist David Rosenberg. Real retail sales and industrial production are flagging, a key signal a recession is around the corner. Labor-market data may also not be painting the full picture, Rosenberg said.  Economist David Rosenberg has been sounding the recession alarm in recent months, and he now thinks that the likelihood is much greater that the US sees a contraction this year. The head of Rosenberg Research said he believes that a recession is four times more likely than an economic expansion, and it’s just a matter of…

Good morning! A controversial new study suggests intermittent fasting increases your chance of dying of cardiovascular illness. But critics of the research, which hasn’t been published in a peer-reviewed journal, are skeptical of the findings.What’s on deck:But first, a tech dream team.If this was forwarded to you, sign up here.The big storyGoogle, Apple, AITwo of the world’s biggest tech companies are reportedly discussing a partnership that would upend the AI industry.Apple is considering integrating Google’s AI model, Gemini, into the iPhone.Nothing is finalized, so the potential deal terms aren’t clear. But the broad strokes of the arrangement could see Apple…

WASHINGTON (Reuters) – The top Republican and Democrat in the U.S. Congress on Tuesday said they had reached a deal to keep the government funded through the rest of the fiscal year that began in October, setting off a race to pass it before a weekend shutdown deadline. The last sticking point was funding for the Department of Homeland Security, as a surge in migrants at the U.S.-Mexico border has become a major issue in the election rematch between Democratic President Joe Biden and his Republican predecessor Donald Trump. Republican House Speaker Mike Johnson and Democratic Senate Majority Leader Chuck…

TAMPA, FL – Crown Holdings, Inc. (NYSE:), a global leader in rigid packaging products, has announced a 15-year Virtual Power Purchase Agreement (VPPA) with Enel (BIT:) Green Power España, securing renewable electricity for its operations in Europe. The agreement aligns with Crown’s Twentyby30™ sustainability initiative, aiming to reduce greenhouse gas emissions and enhance corporate stewardship. The VPPA is set to provide Crown with renewable energy from a new photovoltaic (PV) project in Badajoz, Spain, which is scheduled to commence operations in October 2025. This project marks Crown’s first European VPPA and is expected to generate approximately 285,100 Megawatt hours (MWh)…

By Isla Binnie NEW YORK (Reuters) – Investors will be asking companies for data on indirect greenhouse gas emissions that new U.S. financial disclosure rules exclude, the International Sustainability Standards Board’s (ISSB) chair told Reuters. The U.S. Securities and Exchange Commission (SEC) earlier this month dropped a requirement for companies to disclose so-called Scope 3 emissions from rules it had drafted on climate change reporting. The decision deviated from voluntary standards developed by ISSB, which is part of the International Financial Reporting Standards Foundation, the world’s accounting standards setter. Scope 3 emissions account for greenhouse gases, such as carbon dioxide,…

The world’s biggest ice cream business is about to go it alone. Unilever announced Tuesday that it plans to spin off its ice cream unit as part of a drive to boost sales and profitability, which will also entail cutting around 6% of the workforce. After a century-long endeavor, Unilever now dominates the global ice cream market, with its brands sold around the world. “Following separation, Unilever will become a simpler, more focused company,” it said in a statement. The newly minted firm will boast five of the 10 best-selling ice cream brands worldwide, namely Magnum, Ben & Jerry’s, Breyers,…

Natural Gas prices are trying to test the $1.90 resistance. A mix of geopolitical pressure, ESG, and unforeseen outages are the main drivers supporting prices.  The US Dollar Index rallies to 104.00 after the BoJ delivered a dovish hike. Natural Gas prices (XNG/USD) are rallying for a second consecutive day on Tuesday towards the key $1.90 resistance level. When overlooking the charts, gas prices have jumped actually near 20% in five days combined on all gas contracts with near 6% on XNG/USD alone. Traders are seeing a mixture of reasons to keep Gas prices supported, from the current geopolitical tensions…

Gyroscope is debuting a high-yield liquidity pool that seeks to generate returns from trading, rehypothecation of assets and loyalty points. Backers call the new product extremely capital efficient. Stablecoin project Gyroscope is out with a new piece of trading infrastructure that its developers say will improve capital efficiency for crypto users seeking yield. The new liquidity pool product is called Rehype – short for rehypothecation, the practice of lending out the collateral backing a loan. Doing this can compound risks of a lender default, but also compounds the rewards generated by loans. Gyroscope’s Rehype liquidity pools are long on yield…