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☆ At Stake in the Istanbul Mayoral Race: Turkey’s Political Future
▼ + stars: | 2024-03-31 | by ( Ben Hubbard | Safak Timur | ) www.nytimes.com time to read: 1 min

The contest to run city hall in Istanbul, Turkey’s largest city and economic dynamo, is in many ways between one man who is on the ballot and another who is not. The first is the incumbent, Mayor Ekrem Imamoglu, a rising star in the political opposition who won in a surprise victory in 2019 and is widely seen as a potential contender for the presidency. The second is President Recep Tayyip Erdogan, who served as Istanbul’s mayor decades ago and has wanted to return his hometown to the control of his governing Justice and Development Party since Mr. Imamoglu’s win. The outcome will be decided by municipal elections on Sunday that will in many ways shape Turkey’s political future.

Persons: Ekrem Imamoglu, Recep Tayyip Erdogan, Imamoglu’s Organizations: Development Party Locations: Istanbul, Turkey’s

☆ Erdogan's rival leads in Istanbul in high-stakes Turkey vote
▼ + stars: | 2024-03-31 | by ( ) www.cnbc.com time to read: +2 min

Istanbul Mayor Ekrem Imamoglu led a challenger from President Tayyip Erdogan's AK Party in local elections on Sunday, an initial count showed, in a potential boost for the Turkish opposition's effort to reassert itself as a political force. In another blow to Erdogan, in the nation's second-largest city Ankara, incumbent opposition mayor Mansur Yavas declared victory over his AK Party (AKP) challenger less than three hours after polls closed in the nationwide municipal vote. The nationwide local elections are seen by analysts as a gauge of both Erdogan's support and the opposition's durability. Erdogan, who has led Turkey for more than two decades, campaigned hard for his party to reclaim control of Istanbul from rival Imamoglu, the incumbent mayor and potential future presidential challenger. According to official results based on 41.43% of ballot boxes opened, Imamoglu had 50% support compared with 41.26% for AK Party (AKP) challenger Murat Kurum, a former minister in Erdogan's national government.

Persons: Ekrem Imamoglu, Tayyip Erdogan's, Erdogan, Mansur Yavas, Imamoglu, Murat Kurum Organizations: Tayyip Erdogan's AK Party, AK Party, Anadolu Agency, Republican People's Party Locations: Istanbul, Turkish, Ankara, Turkey, Izmir, Bursa, Antalya, Adana

☆ Baltimore engineers begin clearing bridge wreckage to reopen channel
▼ + stars: | 2024-03-30 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +2 min

The cargo ship Dali sits in the water after running into and collapsing the Francis Scott Key Bridge on March 26, 2024 in Baltimore, Maryland. Engineers in Maryland on Saturday began lifting a piece of Francis Scott Key Bridge out of the waterway in Baltimore, the first step in a long process to reopen the city's shipping port. "I cannot stress enough how important today and the first movement of this bridge and the wreckage is," said Gov. To execute the first lift of the bridge on Saturday, engineers cut a piece of the bridge to make it manageable for their crane. "Our economy depends on the Port of Baltimore and the Port of Baltimore depends on vessel traffic."

Persons: Dali, Francis Scott Key, Wes Moore, Baltimore Mayor Brandon Scott, Joe Biden, we've, Shannon Gilreath, Moore Organizations: Francis Scott Key Bridge, Baltimore , Maryland . Engineers, U.S . Coast Guard, Baltimore Mayor, Government, Coast Guard, Port Locations: Baltimore , Maryland, Maryland, Baltimore, Port of Baltimore, U.S

Although both Blevins and Patterson are Republicans, the race is nonpartisan and open to all registered voters in the ward. The recall effort in Oklahoma was launched by two longtime Enid residents, best friends Connie Vickers and Nancy Presnall, both Democrats in a county where Republicans have a nearly 4-to-1 advantage in voter registration. The two helped spearhead a signature drive to qualify Blevins’ recall for the ballot, getting 350 signatures from voters in the ward, far more than the 240 they needed. "The people who support that ideology are very passionate and very dedicated, and up until this point we haven't been. “We determined that we have a good group together that wants to do good things for the community,” Presnall said.

Persons: ENID, Judd Blevins, Cheryl Patterson, Blevins, Patterson, Marjorie Taylor Greene, Paul Gosar of, Connie Vickers, Nancy Presnall, ” Presnall, It's, ” Blevins, ”, Evropa, Donald Trump, “ I'm, Patrick Anderson, Enid, Anderson, James Neal, ” Neal, “, ___, Sean Murphy Organizations: Southern Poverty Law Center, Reps, Enid, Republicans, Republican, Democrat, Nazi, University of Virginia, Enid News & Eagle, Air Force, Holy Orthodox Catholic Church, Enid Social Locations: Okla, Oklahoma, Enid, Iraq, Charlotesville , Virginia, United States, Marjorie Taylor Greene of Georgia, Paul Gosar of Arizona

☆ Turkey's local elections — and whoever wins Istanbul — could dictate the future of the country
▼ + stars: | 2024-03-29 | by ( Natasha Turak | ) www.cnbc.com time to read: +6 min

As the sunsets, a ferry boat glides across the waters of the Golden Horn with the Suleymaniye Mosque and the city of Istanbul, Turkey in the background. Vw Pics | Universal Images Group | Getty ImagesTurkish President Recep Tayyip Erdogan once said that whoever wins Istanbul wins Turkey. This is odd but also shows how important it is to win Istanbul," Tunca said. Major Turkish cities like Istanbul and the capital Ankara will be key races to watch. Istanbul Municipality Mayor Ekrem İmamoğlu speaks at the 19 May Commemoration of Atatürk, Youth and Sports Day celebrations held at the Maltepe Event Area on May 19, 2023 on Istanbul, Turkey.

Persons: Recep Tayyip Erdogan, Imamoglu, Erdogan, People's Party's, Murat Kurum, Arda Tunca, Volodymyr Zelenskiy, Tayyip Erdogan, Umit Bektas, Tunca, Kristin Ronzi, RANE, Erdogan's, Ekrem İmamoğlu, Hakan Akgun, Turkey's, Ronzi Organizations: Getty, Istanbul, sympathizing, Development Party, AK Party, Imamoglu, AK, CNBC, European Union, NATO, Reuters, Party, Imamoglu's CHP, Turkey's, CHP Locations: Istanbul, Turkey, Ukraine, Russia, Arab, Turkish, Ankara, East, North Africa

Nigel was gay, Shelby said, but she never knew the impact that had on his life at school. ‘Solutions in search of a problem’HB130 – dubbed a “Don’t Say Gay” bill by critics – is one of the bills currently working through the state legislature. For Neil Rafferty, a husband, combat veteran and the only Alabama state lawmaker who identifies as gay, the changes could once again trigger unintended consequences for the state. After his death, Shelby started The Nigel Shelby Foundation to help youth who may not have a support system, provide scholarships for students and help families with LGBTQ children. Camika and Nigel Shelby Courtesy Shelby familyIn a letter to his mother before his death, Nigel asked her to forgive him and keep living, Shelby said.

Persons: Huntsville , Alabama CNN — Camika Shelby, “, ” Shelby, Nigel, Shelby, ”, Nigel Shelby, –, HB130, Neil Rafferty, ” Rafferty, Amelia Earhart, Rafferty, Neil Rafferty Devon Sayers, Mack Butler, ” Butler, AL.com, Butler, It’s, ” Adele Kimmel, Kimmel, ” Kimmel, Camika, ‘ Mama, there’s Organizations: International Association for Suicide Prevention, Befrienders, Huntsville , Alabama CNN, CNN, Huntsville City, of Education, Democrat, Republican, HB130, Public Religion Research, Public, Civil Rights, Human Rights, Nigel, Nigel Shelby Foundation Locations: Huntsville , Alabama, Huntsville, Alabama, Shelby, Florida

☆ Joyner Lucas on dropping a new album, working with Will Smith and Mark Wahlberg
▼ + stars: | 2024-03-28 | by ( John Lynch | ) www.businessinsider.com time to read: +12 min

Lucas: Right. Lucas: Right. Lucas: Right. You got billionaires right now that feel like they need to make more money, right? Lucas: Right.

Persons: Joyner Lucas, Lucas, Jelly Roll, Will Smith, Mark Wahlberg, —, Dhruv Joshi, Covid, we're, Brandon Barnett, DMX, Yessir, I've, Symba, Shoutout Slick Rick, That's, they'll, Joshi, I'm, Andy Pollitt, Mark, Will, Bro, bro, Smith, Let's, there's, we've, it's Organizations: Service, The, Twitter, Business Locations: Manhattan, The Orchard

☆ Canada's First Nations are building the densest neighborhood in the country by reclaiming their ancestral land and defying NIMBYs
▼ + stars: | 2024-03-27 | by ( Eliza Relman | ) www.businessinsider.com time to read: +10 min

AdvertisementMindy Wight, CEO of the Squamish development group building Sen̓áḵw, called it "the creation of a modern Squamish village" in an interview with Business Insider. Canada's federal auditor general recently condemned a "distressing and persistent pattern of failure" by federal programs designed to support First Nations housing and infrastructure, among other services. The housing projects aren't the only major developments underway on indigenous land in Canada. There are no housing or infrastructure developments on US tribal land that match the scale of the First Nations projects in Canada. While some Native American tribes have spearheaded significant housing projects, most indigenous-owned land in the US isn't in the most valuable housing markets.

Persons: —, it's, Mindy Wight, Sen̓áḵw, Brennan Cook, Cook, Heather, reaps, Elisa Campbell, Jericho, Campbell, Heather Lands, Sen̓áḵw, Gordon Price, Price, Tyler Harper, aren't, Michelle Cyca, Alex Armlovich, Armlovich, Noah Smith Organizations: Service, Nations, First Nations, Business, Nation, MST, Corporation, MST Development Corporation, Vancouver City, Canada Lands Company, Energy, Technologies, British Columbia, CBC Vancouver, Bates, Niskanen Locations: Canada, Vancouver, Squamish, Squamish Nation, Wight, Jericho, British, American, MacLean's, Canadian

A large suburban Philadelphia county has joined dozens of other local governments around the country in suing the oil industry, asserting that major oil producers systematically deceived the public about their role in accelerating global warming. The county wants oil producers to pay to mitigate the damage caused by climate change. The county's 31 municipalities will spend $955 million through 2040 to address climate change impacts, the group forecast last year. It said climate change policy is the responsibility of Congress, not local governments and courts. Circuit Court of Appeals dismissed a lawsuit by New York City against five oil companies to recoup damages caused by global warming.

Persons: Gene DiGirolamo, Theodore J, Boutrous Jr, ” Ryan Meyers Organizations: D.C, Center, Climate Integrity, BP, Chevron, ConocoPhillips, ExxonMobil, Philips, Shell, American Petroleum Institute, U.S, Circuit, New Locations: Philadelphia, Bucks, California , Colorado, Hawaii , Illinois, Maryland , New Jersey , New York , Oregon, South Carolina, Puerto Rico, Washington, Bucks County, Pennsylvania, New York City

CNN —At least 27 people have been killed in southeast Brazil as rainfall continues to ravage parts of the country, according to CNN affiliate CNN Brasil citing state authorities. The death toll in the Brazilian state of Espirito Santo rose to 19, and at least eight people have been killed in neighboring state Rio de Janeiro, CNN Brasil reported citing each state’s respective Civil Defense. At least six people are still missing, and more than 7,000 people were forced to flee their homes in Espirito Santo, according to CNN Brasil. Construction worker Nicelio Goncalves, 52, shows the interior of his flooded house outside in Rio de Janeiro state on Sunday, March 24. Flooding and landslides remain one of the main concerns as rainfall has yet to cease through the week.

Persons: Nicelio Goncalves, Pilar Olivares, Luiz Inacio Lula da Silva, Rio de Janeiro Governor Claudio Castro, Renato Casagrande, Allison Chinchar Organizations: CNN, CNN Brasil, Civil Defense, Reuters, Rio de Janeiro Governor, Espirito Santo Locations: Brazil, Brazilian, Espirito Santo, Rio de Janeiro, Rio de, Rio Grande do Sul, Sao Paulo

☆ How to make high interest rates work for your hard-earned savings
▼ + stars: | 2024-03-20 | by ( Jeanne Sahadi | ) edition.cnn.com time to read: +9 min

However, that won’t happen if you just let it sit in a traditional checking or savings account that yields next to nothing. High-yield online savings accountsThe average annual percentage yield on bank savings accounts was just 0.52% as of March 13, according to Bankrate. As with any bank savings rate, high-yield savings account rates can change overnight, and the bank may not alert you when it lowers it. But don’t confuse money market accounts with money market mutual funds, which invest in short-term, low-risk debt instruments. Unlike money market deposit accounts, money market mutual funds are not insured by the FDIC.

Persons: ”, Ted Rossman, ” Rossman, Ken Tumin, Schwab, you’d, Tumin, Doug Ornstein, Andy Smith, Ornstein, doesn’t, ” Smith Organizations: New York CNN, Bankrate, JPMorgan Chase, Bank of America, Fidelity, TIAA Wealth Management, FDIC, Securities Investor Protection Corp, Edelman, AAA Locations: New York, Wells Fargo, United States

☆ Build a tax-efficient portfolio with these funds, Bank of America says
▼ + stars: | 2024-03-19 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +4 min

April 15 is the deadline for taxpayers to file their income tax returns and pay sums owed for 2023. MLPs themselves aren't subject to federal income taxes, but limited partners owe taxes on the income distributed. MLPX has a total return of 7.6% in 2024, and MLPA's year-to-date total return is 9.3%, according to Morningstar. In 2024, IYK has a total return of nearly 4.7%, while XLU's total return is about 0.7%, according to Morningstar. MFM's total return this year is 3.66%, and NZF has a total return of 3.4% in 2024, according to Morningstar.

Persons: Jared Woodard, Woodard, —, MLPX, IYK, Morningstar, XLU, NZF Organizations: Bank of America, MLP & Energy Infrastructure, X MLP, Morningstar, Consumer Staples, Income Trust, Income Locations: MLPs, Indonesia, America, Nuveen

☆ A devastating fried chicken shop explosion in China has killed 7 people and injured 27 others, the authorities say
▼ + stars: | 2024-03-14 | by ( Matthew Loh | ) www.businessinsider.com time to read: +4 min

The intense blast seized national attention in China and drew controversy when frontline staff blocked local reporters. AdvertisementA suspected gas leak explosion in a fried chicken store has killed seven people and injured 27 others in Yanjiao, a town just east of Beijing, state media and authorities said on Thursday morning local time. Another state media reporter, Xu Mengzhe, was seen physically struggling with a group of policemen who surrounded her and two colleagues. She wore a jacket with a logo for China Media Group, a state-owned broadcasting company. "They must not control public opinion, simply and crudely obstructing media reporters from performing their duties," the association said.

Persons: —, VCG, Ng Han Guan, Yang, Xu Mengzhe, Xu, Zhong Ming Organizations: Service, Getty Images, Emergency Management Bureau, Business, Authorities, Firefighters, China Media Group, China Journalists Association Locations: Yanjiao, China, Beijing

☆ Cities Face Cutbacks as Commercial Real Estate Prices Tumble
▼ + stars: | 2024-03-14 | by ( Alan Rappeport | ) www.nytimes.com time to read: +1 min

In San Francisco, a 20-story office tower that sold for $146 million a decade ago was listed in December for just $80 million. And in Washington, a 12-story building that mixes office and retail space three blocks from the White House that sold for $100 million in 2018 recently went for just $36 million. Such steep discounts have become normal for office space across the United States as the pandemic trends of hybrid and remote work have persisted, hollowing out urban centers that were once bustling with workers. But the losses are hitting more than just commercial real estate investors. Cities are also starting to bear the brunt, as municipal budgets that rely on taxes associated with valuable commercial property are now facing shortfalls and contemplating cutbacks as lower assessments of property values reduce tax bills.

Organizations: House Locations: San Francisco, Chicago, Washington, United States

ORLANDO, Fla. (AP) — The shakeup of Walt Disney World's governing district more than a year after it was taken over by Gov. Ron DeSantis' appointees continued Wednesday with the departure of its board chairman who had been highly critical of Disney. In an email, DeSantis' communications director, Bryan Griffin, thanked Garcia for “successfully navigating” the transition of the district from a governing body controlled by Disney supporters to the current iteration controlled by DeSantis appointees. As punishment for opposition to the law, DeSantis took over the district through legislation passed by the Republican-controlled Florida Legislature and appointed a new board of supervisors. Disney sued DeSantis and his appointees, claiming the company’s free speech rights were violated for speaking out against the legislation.

Persons: Walt Disney, Ron DeSantis, Martin Garcia's, Glen Gilzean, DeSantis, Martin didn't, Bryan Griffin, Garcia, “, Garcia “, ” Griffin, Stephanie Kopelousos, Kopelousos, ”, Disney, Mike Schneider Organizations: Gov, Disney, Central, Republican, DeSantis, Florida Legislature, Straight Alliance Locations: ORLANDO, Fla, Central Florida, Orange County, Orlando, Florida

☆ A New Plan to Hire Thousands of Workers to Help N.Y.C. Families in Need
▼ + stars: | 2024-03-13 | by ( Jeffery C. Mays | ) www.nytimes.com time to read: +2 min

New York City is the nation’s largest municipal employer, but has struggled recently to recruit and retain employees. As of September 2023, there were over 20,000 vacant municipal jobs, according to Council data. City officials say they have recently hired 1,000 workers and reduced the delays in processing benefits. “This does not have to be our reality.”How the Plan Would Work: Partly by hiring CUNY students and seasonal workers. The second part of the effort would connect workers who are typically underemployed, including young people and asylum seekers, with seasonal city jobs such as cleanup crews or internships in various industries.

Persons: Ms, Adams, Henry Garrido, Eric Adams’s Organizations: CUNY, District, City University of New Locations: York, New York City, City University of New York, New York

☆ Pocket more of your return and save on taxes with these tips, says Bank of America
▼ + stars: | 2024-03-13 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +5 min

"Fixed income returns, by contrast, come almost entirely from coupon payments, which can be taxable at the highest rates." You may also want to think about where you're holding these fixed income assets. The fourth step to save on taxes: Consider whether a buyback ETF or a dividend ETF is right for you. Woodard recently highlighted the iShares Core Dividend ETF (DIVB) and the Invesco BuyBack Achievers ETF (PKW) as buyback plays. He also noted that true income investors may want to go with dividend funds, including Schwab US Dividend Equity ETF (SCHD) and Vanguard High Dividend Yield ETF (VYM) .

Persons: It's, Jared Woodard, Woodard, buybacks, they're, DIVB, PKW, SCHD, VYM, Morningstar Organizations: Bank of America, Taxpayers, Schwab, Equity, Vanguard, & ' $

The Daily Hunt for Food in GazaFor two million hungry Gazans, most days bring a difficult search for something to eat. Amany Mteir, 52, scours the streets north of Gaza City, where people sell or trade what food they have. The war, including Israel’s bombardment and siege, has choked food imports and destroyed agriculture, and nearly the entire population of Gaza relies on scant humanitarian aid to eat. Most food shops in northern Gaza are damaged or closed, so vendors set up informal street markets to sell food and other items. An average of just six commercial trucks carrying food and other supplies have been allowed to enter Gaza each day since early December.

Persons: Amany Mteir, Aseel Mutair, Nizar Hammad, Nizar, ” Aseel, Pita, Aseel’s, Rice, Aseel, Muhammad, “, —, ” Amany, ” Nizar, Amany, ”, We’ve Organizations: Daily, United Nations, Aid, The New York Times, pita Locations: Food, Gaza, Gaza City, Beit Lahia, Rafah, United States, The, bouillon

☆ A tale of two muni markets
▼ + stars: | 2024-03-12 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailA tale of two muni marketsMatt Fabian, Municipal Market Analytics partner and lead analyst, joins 'The Exchange' with CNBC's Rick Santelli to discuss trends in demand for muni bonds, risks of default, and more.

Persons: Matt Fabian, Rick Santelli Organizations: Analytics

☆ Gabriel García Márquez’s Hometown Awaits His Last Book and More Visitors
▼ + stars: | 2024-03-10 | by ( Genevieve Glatsky | Nathalia Angarita | ) www.nytimes.com time to read: 1 min

Hotels, barbershops, nightclubs and bike repair stores carry references to his work. In the sweltering Colombian mountain town of Aracataca, it is impossible to walk down a single street without seeing allusions to its most renowned former resident: the winner of the 1982 Nobel Prize in Literature, Gabriel García Márquez. Yellow butterflies are seen all over town, a nod to one of his famous literary images. The house where he lived as a child has been turned into a museum filled with its original furniture, including the crib where he slept. The library, named Biblioteca Pública Municipal Remedios La Bella, after the character Remedios the Beauty from his novel “One Hundred Years of Solitude,” features a glass case of his books translated into various languages.

Persons: Gabriel García Márquez, Biblioteca Pública Municipal Remedios La Bella, Remedios Organizations: Biblioteca Pública Municipal Remedios Locations: Colombian, Aracataca, Biblioteca Pública Municipal Remedios La

ASHTABULA, Ohio (AP) — Two Ohio women have been accused of driving the body of a deceased 80-year-old man to a bank to withdraw money from his account before dropping his body off at a hospital. Police said they were called Monday evening and told that two women had dropped off a body at the Ashtabula County Medical Center emergency room without identifying the person or themselves. A few hours later, one of them contacted the hospital with information on the deceased, who was then identified as 80-year-old Douglas Layman of Ashtabula. A message was sent to the county public defender's office seeking comment if the office was defending one or both. The coroner's office said an autopsy to determine the cause of Layman's death could take up to eight months.

Persons: Karen Casbohm, Loreen Bea Feralo, Douglas Layman, Layman, ”, “, Robert Stell, Stell, Mike Palinkas, WEWS, Palinkas, ” Palinkas, Casbohm, Feralo Organizations: Ashtabula Municipal, Police, Medical Center, Ashtabula Police Locations: ASHTABULA, Ohio, Ashtabula

☆ A finance professional fired over watching pornography at work said it was because his computer was infected by a Trojan virus
▼ + stars: | 2024-03-08 | by ( Matthew Loh | ) www.businessinsider.com time to read: +4 min

Read previewA financial services worker in Shanghai who was fired for browsing pornographic websites at work has sued his former employer, blaming a virus that infected his computer. Yang had worked for five years under his employer and earned about $2,360 a month until he was fired in August 2022, per the Shanghai High Court. Yang's employer said that Yang had breached his contract — which prohibits employees from consuming pornography at work — by accessing "little movies" on his work computer. But Yang submitted company records that showed his colleagues often downloaded movies or shows on their work computers outside business hours. He said that this may have caused his computer to become infected by Trojan malware, per the court.

Persons: —, Yang, Kaspersky Organizations: Service, Business, Shanghai High Court Locations: Shanghai, China

☆ Turkish Opposition Disarray Lifts Erdogan's Hopes of Winning Back Istanbul
▼ + stars: | 2024-03-07 | by ( March | At A.M. | ) www.usnews.com time to read: +3 min

The alliance that helped propel Imamoglu to victory in Istanbul has since collapsed, and his nationalist and pro-Kurdish allies are fielding their own candidates this month. FRAGMENTED OPPOSITIONBut Imamoglu's hopes in Istanbul have been dented by the decision of the pro-Kurdish DEM Party and the Turkish nationalist IYI Party, whose voters supported him in 2019, to field their own candidates. Metropoll's latest survey showed support for Imamoglu among Kurdish voters had declined to 32% last month from 35% in January. Support among IYI party voters fell to 45% from 64%. Imamoglu has accused central government of hampering his delivery of services in Istanbul since 2019.

Persons: Tayyip Erdogan's, Ekrem Imamoglu, Erdogan, Imamoglu, pollsters MAK, Murat Kurum, pollster Murat Gezici, Kurum, Sencar, pollsters Metropoll, Imamoglu's, Ertan Aksoy, Canan Sevgili, Daren Butler, Gareth Jones Organizations: Birsen Altayli, AK Party, CHP, AKP, DEM Party, Turkish, IYI Party, Aksoy Research Locations: Birsen, Birsen Altayli ISTANBUL, Istanbul, Turkey's, Israel, Gaza, Ankara, Turkish, Imamoglu's, Turkey

☆ These tax-free bonds could see stellar returns once the Fed starts cutting rates
▼ + stars: | 2024-03-07 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +4 min

Such a move would bode well for fixed income, including municipal bonds. Recent data from Columbia Threadneedle Investments and Bloomberg, shows that muni bonds can see a jump in cumulative tax-equivalent returns once the Fed begins cutting rates. When taking into account the tax savings, muni bond investors don't have to take that much risk to capture attractive yields. Rising flows and higher yields Investors have been pouring money into muni bond funds lately. BlackRock's iShares National Muni Bond ETF (MUB) , meanwhile, has seen an exodus of more than $1 billion in flows this year, but it experienced inflows of $150.9 million in the past week.

Persons: Jerome Powell, bode, munis, Catherine Stienstra, BlackRock's, Duane McAllister, Baird Organizations: Federal Reserve, Columbia Threadneedle Investments, Bloomberg, York Life Investments, Columbia, Bond, Muni Bond ETF, Baird Asset Management, AAA, BBB Locations: Columbia

☆ This move could help protect your portfolio from volatility as stocks trade near their highs
▼ + stars: | 2024-03-05 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +5 min

There's a party happening in stocks in 2024, and though investors may be reluctant, it could be time to think of taking a few chips off the table. My portfolio has recovered [from 2022],'" said Marguerita Cheng, certified financial planner and CEO of Blue Ocean Global Wealth in Gaithersburg, Maryland. "I tell people we're not selling everything, but we need to give the portfolio the TLC it deserves – this is the fine-tuning of your portfolio," she added. Be tax aware: Investors may be wary of selling highly appreciated holdings within their taxable accounts, which can incur levies on capital gains. Cheng of Blue Ocean has been turning toward dividend payers, as well as small and midcap stocks.

Persons: There's, they're, Marguerita Cheng, it's, Morningstar, Carla Adams, –, Sean Lovison, Cheng, Russell, Matson, – that's, It's, Jon Ulin Organizations: Nasdaq, Dow Jones, Netflix, Blue, Global Wealth, CNBC's, CFP, Ametrine, Investors, redeploy, Pfizer, Micron Technology, Holdings, Federal Reserve, Ulin, Wealth Management Locations: Gaithersburg , Maryland, Lake Orion , Michigan, Moorestown , New Jersey, SDVY, Boise, Boca Raton , Florida

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