BNY Mellon Strategic Municipals, Inc. is a closed-end fund investing mainly in investment-grade municipal bonds that are tax-exempt. It currently offers an unsubsidized SEC yield of about 4.81%, which translates to approximately 8.13% on a tax-equivalent basis for investors in the highest tax bracket. The fund uses leverage, increasing both the duration and volatility of returns, which means investors should be comfortable with some interest rate and credit risk. It is recommended as a buy for investors seeking tax-exempt income and willing to accept these risks, especially given the current elevated interest rates and tighter credit spreads that may impact medium-term performance.
The Taiwan Freedom Project has released a special 32-page section in The Washington Times titled "Why Taiwan Matters, Now More Than Ever," emphasizing Taiwan's critical geopolitical role and the threats it faces from China. The publication features b...
Bitcoin's realized profit and loss ratio among short-term holders has dropped to its lowest point in 43 months, with nearly half of its supply underwater, a pattern seen at previous cycle bottoms in 2012, 2014, 2019, and 2022. This capitulation phase...
A single whale wallet has accumulated $31.43 million in Ethereum (ETH) and $6.24 million in Wrapped Bitcoin (WBTC), totaling $37.67 million. This move shows significant diversification across the two largest crypto networks, combining native ETH and ...
Pepe (PEPE), a meme-inspired cryptocurrency, surged 12.16% to $0.000003, reaching a market cap of $1.16 billion driven by community initiatives and social media attention. Other notable gainers include Cronos (CRO) up 7.79%, Cardano (ADA) rising 7.27...
The Québec Superior Court has approved a restructuring transaction for Premier Health of America Inc., allowing the company to continue uninterrupted operations. The deal involves the acquisition of three affiliates by Polar Valley Investments Limite...
