China’s electric vehicle juggernaut appeared to be easing in Europe but last month new data showed the lull was short-lived. Momentum has sharply shifted again—this time back in favor of Chinese automakers—leaving the likes of Renault and Stellantis facing renewed pressure. In the top five European markets of Germany, France, Britain, Spain and Italy, Chinese brands had a market share of 6% in May, including ICE, hybrid, plug-in hybrid and EV, while it has accelerated to 11% just in the EV segment, investment bank UBS said in a report. Both outcomes were more than double the result for May 2024.…

If you invest for long enough, you may hear a skeptic of high-yield investments—such as 8%+ yielding closed-end funds (CEFs)—say something like: “Sure, you’re getting a lot of income now, but what if that dividend gets cut?” Today we’re going to answer that with a look at how a dividend cut can actually send a CEF (or any dividend investment, really) on a profitable run. We’ll do it by looking at three CEFs that followed this exact pattern: Cutting dividends and then going on to give investors huge returns for years and years. These funds show that a dividend cut…