lerbank/iStock via Getty Images Written by Nick Ackerman, co-produced by Stanford Chemist The DoubleLine Opportunistic Credit Fund ( DBL ) is a closed-end fund that provides fixed-income exposure up and down the credit quality spectrum. The more hybrid approach allows for greater flexibility to be positioned for different scenarios, with limited restrictions on where and what the management team c...
lerbank/iStock via Getty Images Written by Nick Ackerman, co-produced by Stanford Chemist The DoubleLine Opportunistic Credit Fund ( DBL ) is a closed-end fund that provides fixed-income exposure up and down the credit quality spectrum. The more hybrid approach allows for greater flexibility to be positioned for different scenarios, with limited restrictions on where and what the management team can invest in. One of those portfolio managers is Jeffrey Gundlach himself, with a rather sound track record in the fixed-income space. More recently, with broader pressures from higher rates, the fund has also slipped to a bit of a discount. Historically speaking, this fund has frequently traded at a premium. DBL Basics 1-Year Z-score: -2.26. Discount/Premium: -2.3%. Distribution Yield: 9.12%. Expense Ratio: 1.35%. Leverage: 6.42%. Managed Assets: $330 million. Structure: Perpetual. DBL's investment objective is "to se ek high total investment return by providing a high level of current income and the potential for capital appreciation." To potentially achieve this objective, the fund will invest "in debt securities and income-producing investments of any kind, including, without limitation, residential and commercial mortgage-backed securities, asset-backed securities, U.S. Government securities, corporate debt, international sovereign debt, and short-term investments." The fund is lightly leveraged currently, but any leverage will increase potential volatility and risks. It also carries with it greater expenses to cover the financing costs. When including those leverage expenses, the fund's total expense ratio comes in at 2.02%. Lower costs of borrowing have been benefiting this fund and pushing it lower over the last couple of years. Performance - Pressures Present A Discount Since our last write-up , the fund has performed fairly weakly, with only slightly positive total returns during this period. This fund is being easily outperformed by the S&P 500 Index itself. Howe...
Artiemedvedev | Istock | Getty Images The average tax refund is 11.1% higher so far this season, compared with about the same period in 2025, according to the latest IRS filing data. As of April 3, the average refund amount for individual filers was $3,462, up from $3,116 about one year ago, the IRS reported on Friday. The IRS data reflects about 99.8 million individual returns received, out of ab...
Artiemedvedev | Istock | Getty Images The average tax refund is 11.1% higher so far this season, compared with about the same period in 2025, according to the latest IRS filing data. As of April 3, the average refund amount for individual filers was $3,462, up from $3,116 about one year ago, the IRS reported on Friday. The IRS data reflects about 99.8 million individual returns received, out of about 164 million expected through the April 15 deadline. Read more CNBC personal finance coverage Student loan forgiveness may be pricier to access after new changes Personal assistant pleads guilty to defrauding elderly couple out of $10 million Gas prices should soon start slowly easing if ceasefire holds, analysts say How to save money on flights as airlines raise prices There's a key number to know before making a last-minute IRA contribution With gas above $4, drivers across the U.S. say they're cutting back National College Decision Day is approaching. How to maximize aid Mailing your tax return too close to the deadline comes with a risk Average tax refund is up $350 compared to last year as IRS deadline nears Robinhood, BNY to build Trump accounts app New college grads face a tough job market — why unemployment hits them harder AI has a big problem when it comes to financial advice, MIT professor says Older Americans can find free tax filing help as big changes hit this season As 401(k) balances swell, financial experts warn of retirement planning pitfalls CNBC's Financial Advisor 100: Best financial advisors, top firms ranked Many filers have seen bigger tax refunds this season due to the 2025 changes enacted via President Donald Trump 's " big beautiful bill ." With higher refunds on average, Republicans have pointed to Trump's signature policies, such as new deductions for tip income , overtime earnings , seniors and auto loan interest . But rising gasoline prices amid the Iran war have threatened to offset that windfall , according to some analysts. Both parties ...
Li Auto (NasdaqGS:LI) is back in focus after reporting 41,053 vehicle deliveries in March 2026, resolving production bottlenecks for the Li i6 and showcasing its MindVLA autonomous driving model at NVIDIA GTC. See our latest analysis for Li Auto. Despite the strong March delivery update, Li Auto’s recent momentum has been mixed, with a 9.78% 90 day share price return but a 17.80% decline in 1 year...
Li Auto (NasdaqGS:LI) is back in focus after reporting 41,053 vehicle deliveries in March 2026, resolving production bottlenecks for the Li i6 and showcasing its MindVLA autonomous driving model at NVIDIA GTC. See our latest analysis for Li Auto. Despite the strong March delivery update, Li Auto’s recent momentum has been mixed, with a 9.78% 90 day share price return but a 17.80% decline in 1 year total shareholder return, suggesting near term optimism contrasts with a weaker longer track...
Formula 1 is enjoying something of an unexpected break right now. The war in the Middle East saw the cancellation of F1 races that were due to be held this month in Bahrain and Saudi Arabia. Instead, the teams will use this time to further develop their cars. For teams like Aston Martin , Cadillac, and Williams, it will be a welcome respite and a chance to catch up to the midfield. Even Mercedes, ...
Formula 1 is enjoying something of an unexpected break right now. The war in the Middle East saw the cancellation of F1 races that were due to be held this month in Bahrain and Saudi Arabia. Instead, the teams will use this time to further develop their cars. For teams like Aston Martin , Cadillac, and Williams, it will be a welcome respite and a chance to catch up to the midfield. Even Mercedes, clear and away the championship favorite this year, has things to work on if it wants to stop losing so many positions at the start of each race or have an easier time passing cars in traffic. That should keep the mechanics and engineers quite busy, but in case not, technical representatives from each team as well as the FIA (the sport's governing body) are sitting down throughout the month to try to fix some problems that are a consequence of F1's new technical rules. This is about hybrids, you say? From the start of this year, F1 cars have new hybrid power units. There's a 1.6 L turbocharged V6 engine that runs on carbon-neutral gasoline , which generates 400 kW (536 hp). And there's an electric motor-generator unit (or MGU) that outputs up to 350 kW (469 hp) as long as there's charge in the 4 MJ (1.1 kWh) battery pack. As batteries go, that's about the right size for something like a Prius, but in an F1 car at full deployment, it goes from full to empty in little more than 11 seconds. Read full article Comments
US Treasury Secretary Scott Bessent and Federal Reserve Chair Jerome Powell summoned Wall Street leaders to give them an urgent warning : an artificial intelligence tool from Anthropic PBC marks the beginning of a new era of cybersecurity. The April 7 meeting in Washington was focused on Mythos, a new AI model that Anthropic says is so good at finding vulnerabilities in software and computer syste...
US Treasury Secretary Scott Bessent and Federal Reserve Chair Jerome Powell summoned Wall Street leaders to give them an urgent warning : an artificial intelligence tool from Anthropic PBC marks the beginning of a new era of cybersecurity. The April 7 meeting in Washington was focused on Mythos, a new AI model that Anthropic says is so good at finding vulnerabilities in software and computer systems that it can only be released to a limited number of carefully-chosen parties. If tools like Mythos fall into the wrong hands, Anthropic says, it could provide attackers with a powerful new weapon to steal data or disrupt critical infrastructure. For the last several years, cybersecurity companies have promised that artificial intelligence will speed up and automate some of the work of preventing digital breaches. But hackers and cyberspies have discovered the advantages of AI too. The advent of Mythos and models like it that can exploit well-hidden flaws in popular software without human supervision points to a faster-moving, less predictable phase of the cyber arms race. What is Mythos? Claude Mythos Preview is a general purpose AI model that Anthropic says significantly outperforms prior offerings on a range of benchmarks, including for coding and reasoning. The company says it’s so powerful that it has decided not to release it to the public. The company explained that some AI models have reached a level of coding capability that allows them to beat all but the most skilled humans at finding and exploiting software vulnerabilities. According to Anthropic, Mythos Preview has already found thousands of “zero-day” vulnerabilities during testing, including in every major operating system and every major web browser. “Zero days” are flaws that were previously unknown to the software’s developers — the name implying they have zero days to come up with a patch to resolve the problem. These often represent a gold mine for hackers because they offer a window of free rein insid...
CoreWeave (NASDAQ:CRWV) stock is surging 12% in Friday’s session, climbing from a prior close of $92 to $103, after the company announced a multiyear agreement with Anthropic to provide cloud computing capabilities for Anthropic’s Claude AI models. It’s the second landmark contract announcement in two consecutive trading days, and the market is taking notice. Thursday ... CoreWeave Rockets 12% on ...
CoreWeave (NASDAQ:CRWV) stock is surging 12% in Friday’s session, climbing from a prior close of $92 to $103, after the company announced a multiyear agreement with Anthropic to provide cloud computing capabilities for Anthropic’s Claude AI models. It’s the second landmark contract announcement in two consecutive trading days, and the market is taking notice. Thursday ... CoreWeave Rockets 12% on Anthropic Deal: Two Landmark Contracts in Two Days for the AI Cloud King
The wheat complex is showing mixed trade on Friday. Chicago SRW futures are slipping 1 to 2 cents at midday. KC HRW futures are showing 1 to 3 cent gains in the nearby contracts. MPLS spring wheat is down 6 to 7 cents in the front months on Friday Export...
The wheat complex is showing mixed trade on Friday. Chicago SRW futures are slipping 1 to 2 cents at midday. KC HRW futures are showing 1 to 3 cent gains in the nearby contracts. MPLS spring wheat is down 6 to 7 cents in the front months on Friday Export...
Bloomberg’s Caroline Hyde discusses concerns about cyber risks raised by Anthropic’s newest AI model. US Treasury Secretary Scott Bessent and Federal Reserve Chair Powell summoned Wall Street leaders to an urgent meeting to discuss the threat. Plus, CoreWeave CEO Michael Intrator discusses deals with Anthropic and Meta as demand for compute shows no sign of slowing. And, after a record breaking tr...
Bloomberg’s Caroline Hyde discusses concerns about cyber risks raised by Anthropic’s newest AI model. US Treasury Secretary Scott Bessent and Federal Reserve Chair Powell summoned Wall Street leaders to an urgent meeting to discuss the threat. Plus, CoreWeave CEO Michael Intrator discusses deals with Anthropic and Meta as demand for compute shows no sign of slowing. And, after a record breaking trip around the moon the crew of Artemis II prepares to splash down in the Pacific ocean. (Source: Bloomberg)