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BlackRock, a leader in the passive-investing revolution, is facing a challenge from activist fund Saba Capital, marking a departure from its usual role as a disruptor in the financial world. Saba has set its sights on ten of BlackRock’s closed-end funds, which are currently trading at a substantial discount to the value of their underlying assets. Unlike mutual and exchange-traded funds, closed-end funds do not offer new shares to incoming investors, allowing their share prices to deviate significantly from the true value of their portfolios. Boaz Weinstein, the founder of Saba Capital, is calling on BlackRock’s funds to initiate share…

Samantha Paulino, a resident of Arlington, Virginia, made headlines when her rescue dog, Autumn, managed to survive on her own for six months after running away shortly after arriving in the United States from South Korea in Sept. 2023. Despite Paulino’s efforts to catch her, Autumn proved to be a skilled escape artist, always managing to stay one step ahead of her would-be rescuers. From the moment Autumn arrived, Paulino noticed that her new pet had anxiety and a strong desire for independence, likely stemming from her unknown past in the streets of South Korea. The small Finnish spitz mix…

Senator Bob Menendez has taken center stage at his bribery and corruption trial in federal court in Lower Manhattan after businessman Jose Uribe, the prosecution’s star witness, testified that Menendez played a key role in the conspiracy that ensnared him, his wife Nadine Menendez, and two co-defendants. Uribe described Menendez as a powerful figure with vast influence, often akin to a Godfather-like character who provided limited insight into his plans but boasted about his actions. Uribe detailed meetings with the Menendezes where he sought help to quash a prosecution and state investigation that threatened his businesses. Menendez allegedly intervened on…

In breaking news, Ryan Seacrest is set to take over as the new host of “Wheel of Fortune.” Pat Sajak, who has been the host of the long-running game show for over 40 years, will pass the torch to Seacrest in the upcoming fall episodes. During his final show on June 7, Sajak shared his thoughts with Seacrest, stating, “I think what you’re going to enjoy most is meeting the players and getting to know the audience at home. People love this show. They go and see us every day and spend a half hour with us and watch with…

In a breaking news update, Alex Jones’ conspiracy empire is facing a critical turning point as a Texas bankruptcy court prepares to hear a motion filed by the families of the Sandy Hook victims. The court will determine whether to liquidate Jones’ Infowars outlet, a decision that could spell the end of the right-wing extremist’s media empire. The families, who are owed approximately $1.5 billion in judgments, have argued that there is “no prospect” of the company producing a viable reorganization plan under Chapter 11 bankruptcy. After years of waiting for justice, they are urging the court to liquidate Jones’…

In 2064, current forecasts predict that there will be a significant shift in population dynamics, with fewer babies being born than people dying. This would mark a historic moment, as it will be the first time in centuries that such a phenomenon occurs. Birth rates in India are expected to drop below the levels seen in America last year, signaling a global trend towards declining fertility rates. Despite efforts to boost population growth through immigration and pro-natal policies, America will also face limited growth potential by 2100, with fewer migrants available to sustain its population. As the world’s fertility rate…

The latest round of the Championship League in Leicester saw Thepchaiya Un-Nooh and Jackson Page advance to the last 32, showcasing some impressive century breaks along the way. Un-Nooh, known for his speed on the snooker table, secured wins against Mark Joyce and Julien Leclercq, while also drawing against Daniel Wells to top Group 32 with an unbeaten record and seven points. His standout performances included breaks of 106 and 104 against Leclercq, putting him two points ahead of Wells in the standings. Meanwhile, Page’s crucial break of 127 in his victory over Robert Milkins helped him edge out Andrew…

On this day in history, June 13, 1966, the U.S. Supreme Court established the right to remain silent in the landmark case Miranda v. Arizona. This ruling, in a 5-4 decision, emphasized an arrested individual’s entitlement to rights against self-incrimination and to an attorney under the Fifth and Sixth Amendments of the United States Constitution. This case gave rise to what is now known as the Miranda rights, which are required to be read to individuals during arrests. Miranda v. Arizona originated in Phoenix, Arizona, and involved Ernesto Arturo Miranda, a young man arrested in 1963 on charges of kidnapping…

In recent events, Former President Donald Trump has been making specific promises to his audiences as he travels around the country in search of new supporters. At a Las Vegas campaign rally, Trump pledged to exempt tips from income taxes, targeting the hundreds of thousands of people working in America’s tourism capital. Similarly, at the Libertarian convention, Trump vowed to include one of the party’s own in his cabinet and throughout his government if reelected to the White House. These promises have been strategic moves aimed at key demographics that could potentially swing the upcoming election. Trump’s promise to end…

In a momentous announcement during the 100th show of her Eras Tour on Thursday night, Taylor Swift bid farewell to her fans as she confirmed that the tour would be coming to an end later this year. Addressing the crowd at the first of three back-to-back shows in Liverpool, England, Swift expressed her gratitude and emotions about reaching this milestone. “The celebration of the 100th show for me means this is the very first time I’ve ever acknowledged to myself and admitted that this tour is going to end in December,” she said. The Eras Tour, which kicked off in…