In the past week:
- Hurricane Milton roared across Florida. Inflation eased in September. Oil prices surged on Middle East fears. Hurricane Helene and the Boeing strike boosted jobless claims.
- The CBO said the U.S. budget deficit rose to $1.8 trillion. The Justice Department pushed for a Google breakup. TD Bank pleaded guilty in a money laundering case.
- Boeing halted talks with striking workers. China reportedly hacked major U.S. telecoms. Rio Tinto said it would acquire Arcadium Lithium. BP revised its production and clean energy goals. Tesla unveiled its Cybercab.
- McDonald’s sued beef suppliers. Home Depot shuttered three distribution centers. 7-Eleven’s parent received a new buyout offer.
- The third-quarter earnings-reporting season began with JPMorgan topping estimates, while profits slipped at Wells Fargo. PepsiCo and Delta Air lowered their revenue forecasts. Samsung apologized for its weak results.
- Warren Buffett sold more Bank of America shares, and an activist investor took a stake in Pfizer.
Orchis Island Capital Inc. (NYSE: ORC), Prospect Capital Corp. (NASDAQ: PSEC), and other stocks with monthly dividends trade at less than $10 per share and look like great ideas now for passive income-oriented investors.
Discover why Kinder Morgan Inc. (NYSE: KMI) and two other stocks prominent billionaire hedge fund manager Stanley Druckenmiller has heavily weighted in his portfolio right now may be compelling for investors at current levels.
Realty Income Corp. (NYSE: O) is among Dividend Aristocrats with the highest payouts that currently offer outstanding entry points for investors. These stocks are also favorites across Wall Street.
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