Author: MNK News
(Bloomberg) — Millions of Americans may see their Social Security benefits increase under a bill headed to President Joe Biden’s desk — though critics warn that the measure comes at the cost of pushing the fund further toward insolvency. Most Read from Bloomberg If signed by the president before the new Congress convenes on Jan. 3, the law would boost Social Security payments to more than 2 million beneficiaries, according to the Congressional Research Service. The increases — as much as $550 a month for some retirees — would be retroactive to December 2023. Those beneficiaries are mostly those who…
In December 2024, YouTube TV again hiked its rates, this time to $83 a month, an increase of around $50 since the service’s debut in 2017. It’s just the latest live TV streaming service to raise prices — Hulu+ Live TV jumped to $82 in August of 2024 and FuboTV’s cheapest tier climbed to $80 back in January. Even in the $80-range, these are still cheaper than cable in many markets, but the gap is steadily narrowing — and at least you don’t need a contract or any special equipment like you do with cable.Other distinctions that once separated broadcast,…
Microsoft shareholders nixed a Bitcoin treasury idea, but other big-name companies disagree with this strategy. Here’s why. Bitcoin (BTC) is often likened to “digital gold,” with its fixed supply of 21 million coins making it a potential hedge against currency devaluation and inflation. And nowadays, Bitcoin’s unique characteristics make it an attractive addition to corporate treasuries. It can balance exposure to traditional assets like cash, stocks, and bonds. Bitcoin is also one of the most liquid assets globally, and its historical performance has shown significant long-term value appreciation — it reached an all-time high of over $108,000 on Dec. 17.…
Tyson Fury insisted Oleksandr Usyk got an early Christmas gift from the judges after the Ukrainian won their heavyweight championship rematch overnight on Saturday. The “Gypsy King”, who was non-committal about his future, insisted he had won the fight that was scored 116-112 by all three officials in a unanimous decision. The 36-year-old Fury, unbeaten until he first met Usyk in their four-belt unification fight in May, departs Riyadh’s Kingdom Arena with two defeats on his record. “Listen, it is what it is. I’m not going to cry over spilt milk, it’s happened now,” said Fury. “I know boxing, I’ve…
Atlético Madrid have won their last 11 games in a row.Getty Images The top two in La Liga will come head to head at the Estadi Olímpic Lluís Companys on Saturday night at 9pm local time (3pm ET) as FC Barcelona welcome an in-form Atlético Madrid side. The Colchoneros have won their last 11 games in a row in all competitions, a run which has allowed them to move level with FC Barcelona on 38 points in La Liga, one ahead of Real Madrid. Atlético, however, has the benefit of only having played 17 games, one less than Barcelona. In…
After 25 years of Christmas decorating, Logan Moore has learned a thing or two. He programmed his first Christmas light show in the early 2000s, syncing color-changing lights on his childhood home to a playlist of songs, a novel approach back then. The display made headlines in his hometown and sent so many cars down his street that the police had to step in to provide traffic control. Now, his acre of property in Southside, Ala., is home to Moore Family Lights, a 10-to-12-song-long light show that evolves every year. Visitors can tune their car radios to his playlist, which…
Inflation concerns are rising again, potentially slowing the pace of monetary easing.getty Inflation concerns are on the rise again. The Federal Reserve’s latest Summary of Economic Projections showed central bank officials see inflation potentially ending in 2025 at 2.5%, above their previous forecast of 2.1% and higher than their 2% target. There is a growing possibility of a resurgence in consumer prices and investors should consider adding inflation protection to their portfolios. The employment market is strong, economic growth is exceeding expectations, and potential inflation-inducing changes in fiscal and immigration policy loom large. The bond market has already accepted that…
Topline A Georgia appeals court ruled Fulton County District Attorney Fani Willis should be disqualified from overseeing the criminal case against President-elect Donald Trump and his allies due to her romantic relationship with former prosecutor Nathan Wade—which could substantially draw out the case, or end it altogether, as a new prosecutor will have to be appointed. Fulton County District Attorney Fani Willis looks on at a hearing in her case against Donald Trump … [+] on March 1 in Atlanta, Georgia.Getty Images Key Facts Georgia’s Court of Appeals ruled Willis should be disqualified from prosecuting the case against Trump and…
MicroStrategy Inc. co-founder and executive Chairman Michael Saylor says he is willing to advise Trump on cryptocurrency policy when the crypto advisory council is set. During the Dec. 18 episode of the Open Interest show on Bloomberg Television, Saylor voiced his willingness to provide his advice on the digital assets policy to President-elect Donald Trump, either publicly or confidently, if he is asked to do so. Before expressing his willingness to advise Trump on the crypto policy, Saylor admitted that he had already met “with a lot of people” in the incoming administration but declined to specify the personalities nor…
What will the stock market return in 2025?getty Following a stellar 26% return in 2023, with six trading days left, the S&P 500 is on track to deliver over 25% again in 2024. After two back-to-back blockbuster years, investors are understandably asking: Will 2025 be the year the rally ends? Could the market come crashing down, or will the good times keep rolling? It’s a fair question. But if you’ve followed my prior predictions or read my book, you already know my answer: Trying to predict the stock market’s return with specificity in any given year is a fool’s errand.…