Closed-end funds (CEFs) saw mostly lower prices in the third week of August due to negative risk sentiment affecting both bonds and stocks. Some CEFs like Barings' middle-market lending funds (MCI and MPV) trade at premiums because of high distributions and strong performance similar to business development companies, but they face valuation risks if distributions are reduced. EOD's managed distribution plan continues to rise with equity gains, paying out about 9% of trailing net asset value as long as returns exceed this level. The loan CEF FCT's merger into ETF FFLX may reduce yield potential due to the ETF's lack of leverage and discount, and its open-end structure allows asset outflows. Investors should watch for distribution changes and market shifts affecting CEF valuations going forward.
The company has a substantial AI backlog of $51.3 billion and $24.4 billion in quarterly AI orders, indicating strong demand. Management raised the fiscal year 2027 revenue guidance by $27 billion at the midpoint, with some analysts expecting another...
Fortrea Holdings Inc. saw a decline in revenue by about 3.4% to $678.2 million in the first half of 2026, but its adjusted EBITDA rose by approximately 24%, thanks to aggressive cost reductions in direct costs and SG&A expenses. Net new business awar...
Perpetua Resources has received unanimous approval from the EXIM board for funding to develop its Stibnite Gold Mine, benefiting from favorable gold prices and political backing for critical minerals. This funding provides the company with strong fin...
Cryptoquant founder Ki Young Ju predicts the peak of the current bitcoin bull cycle will come from institutional capital and ETFs outside the United States, highlighting regulatory and market access challenges in South Korea. Meanwhile, Russia's larg...
Bitcoin surged over 24% in August, driven largely by a massive short squeeze that liquidated $9.71 billion in crypto positions, mostly shorts. This rally marks Bitcoin's best monthly performance since 2017 but raises concerns about sustainability, as...
