Author: MNK News

Amazon is planning a $1 million donation to president-elect Donald Trump’s inaugural fund, as founder Jeff Bezos and other tech leaders shore up ties with the incoming administration. The Wall Street Journal reports that the donation is being prepared as Jeff Bezos, Amazon’s executive chairman, is slated to visit Donald Trump next week at his private Mar-a-Lago club in Palm Beach, Florida, according to people familiar with the matter. Bezos and the company decided on the contribution earlier this week and communicated it to Trump’s team. “Bezos is donating through Amazon,” according to a person close to Bezos. In addition to…

The Federal Trade Commission (FTC) has seen an alarming rise in gamified job scams over the past year. The FTC says that reports of job scams have quadrupled each year since 2022 topping out at 20,000 reports at a cost of $41 million in total during the first six months of the year.Job or task scams often involve the scammer asking someone to do a relatively simple task online such as liking videos or rating product images in assigned sets using terms like “product boosting” or “app optimization,” according to the FTC. People are promised higher payments for completing a…

A recent court ruling says FINRA can no longer shut down broker-dealers on its own and now requires SEC approval. That’s good news for unscrupulous brokerages, which could get even better once Trump’s regulatory regime takes over.getty The latest development in a heated years-long legal battle between Utah-based brokerage Alpine Securities and its regulator, the Financial Industry Regulatory Authority (FINRA), has added more uncertainty over the future of market regulation. On November 22, a three-judge panel in the D.C. Court of Appeals ruled that while FINRA can move forward with its expedited proceeding to expel Utah penny stock clearing firm…

Binance has shared its perspective on two key strategies for crypto investing: dollar-cost averaging and HODLing.  The advice, published on the company’s blog, aims to guide investors through the volatile cryptocurrency market with a focus on long-term success. According to Binance, dollar-cost averaging involves automatically investing a set amount at regular intervals, regardless of market prices. This strategy helps investors mitigate the impact of market volatility by spreading purchases over time.  For example, an investor allocating $200 monthly to Bitcoin (BTC) buys fewer units when prices are high and more when they are low, averaging out the overall cost. Binance…

Coinbase will restrict European users from trading certain stablecoins like Tether due to MiCA regulatory requirements. Starting Dec. 13, Coinbase Europe will delist a basket of stablecoin tokens, including crypto’s largest fiat-pegged currency, Tether (USDT), to comply with broader rules enshrined in the Markets in Crypto-Assets framework. Coinbase will also prohibit trading for stablecoins like PAX, PYUSD, GUSD, GYEN, and Maker’s DAI, which were categorized as MiCA noncompliant tokens. Notably, the crypto exchange will continue trading support for Circle stablecoins (USDC) and EURC. Circle previously secured a European stablecoin license, the first of its kind under new MiCA laws. Coinbase…

Topline The price of Bitcoin crossed $100,000 for the first time and hit an all-time high of nearly $104,000 late on Wednesday, continuing its post-election bull run as President-elect Donald Trump has vowed to embrace crypto-friendly policies. The price of Bitcoin crossed the $100,000 mark for the first time on Wednesday.Getty Images Key Facts Bitcoin hit an all-time high of $103,900 on Wednesday night before settling at around $103,100 just before midnight, up 7.62% in the past 24 hours. The $100,000 mark was breached for the first time late on Wednesday evening after the token’s price hovered just under $98,000…

Struggling video game retailer and notorious meme stock GameStop has revealed its intention to close a significant number of stores across the United States after shutting down 300 locations in the previous year. One analyst noted, “GameStop has virtually no chance of returning to profitability in its core business.” The Daily Mail reports that GameStop, the well-known video game retailer, is facing challenging times as it grapples with declining sales and profitability. The company recently announced its plans to close a substantial number of stores nationwide, following the closure of 300 locations last year. The number of stores that will shut down is…

Federal Reserve chair Jerome Powell speaks at the DealBook Summit in New York, Wednesday, Dec. 4, … [+] 2024. (AP Photo/Seth Wenig)Copyright 2024 The Associated Press. All rights reserved. The Federal Open Market Committee started cutting interest rates in September and that broad trend looks set to continue. However, fixed income markets now see perhaps only two more cuts in 2025, according to the CME FedWatch Tool. That’s in part as inflation, though cooling overall, is not immediately on track for the FOMC’s 2% annual goal. It’s currently closer to 3%. In addition, the jobs market and economic growth appear…

Investors continue to embrace fitness software firms as Europe-based bsport becomes the latest brand to receive a cash infusion Barcelona-based boutique fitness software platform bsport has raised €30 million ($31.5 million) in a Series B funding round, setting the stage for international expansion, including a bigger push into the United States market.Bsport announced the funding round this week, which was led by American venture capital firm Base10 Partners and U.K. firm Octopus Ventures. Stanford University, Seventure Partners and Seed4Soft also participated in the round.With the new funding, bsport intends to drive expansion across the North American, European and Asia-Pacific (APAC)…

Bosch is the latest recipient of (preliminary) CHIPS and Science Act funding. The company signed a non-binding agreement with the US Commerce Department and could receive up to $225 million in funding.Lest you think Amazon’s gruff crime solver somehow got a piece of the action, Bosch is also a German multinational corporation that makes… just about everything under the sun. (That even includes a stink-removal machine!) The company recently accelerated its silicon development, buying TSI Semiconductors in 2023 and finalizing the deal early this year. But instead of focusing on cutting-edge silicon for computers, phones and AI, Bosch specializes in…