Author: MNK News
In many ways, gauging the impact of the Federal Reserve lowering interest rates is like predicting when ice will thaw. We know something’s happening, but it takes a while, and there’s not much to look at. Counting today, the Fed has cut short-term interest rates three times in this cycle, including a jumbo half-point discount to kick off the lower-rate season in September. With today’s quarter-point reduction, the low end of the target federal funds rate has declined from 5.25% to 4.25%. A full percentage point lower and what results can we see? When it comes to your money —…
Catch up on any DISRUPT videos you missed (or want to re-watch), including insights on the ins and outs of fitness franchisingFranchising remains the lifeblood of the fitness and wellness industry. As part of DISRUPT, Athletech News’ can’t-miss video series, we invited top brands, executives and experts to discuss all things franchising, including how to create a winning fitness and wellness franchise concept, how to scale your brand domestically and internationally, and what to watch for as the space evolves and adapts to new trends and consumer preferences.Topics of discussion included how to attract high-quality franchisees, navigating the current fraught…
The pornographic website PornHub is adding Florida to its list of states to block starting next year. Gizmodo reported that Floridians who visited the porn website recently were greeted with a warning that says “You will lose access to PornHub in 14 days” thanks to a new state law that requires an ID to visit the website.PornHub has already blocked a number of states from accessing its wealth of sexually explicit content because of new state laws that require visitors to provide a valid government ID to verify their age for access. Florida’s legislature passed its porn ID law and…
The three-year agreement, signed by Interactive Strength, sees a minimum commitment of 162 Clmbr units for Planet Fitness SAS Interactive Strength Inc., makers of leading fitness equipment under Clmbr and digital fitness platform Forme, has secured exclusive distribution in Metropolitan France and French Regions with French training and equipment brand Planet Fitness SAS.The three-year agreement sees a minimum commitment of 162 Clmbr units, which is projected to generate more than $500,000 in revenue — and comes amid European gyms experiencing record revenues and membership growth.Interactive Strength had completed its acquisition of the vertical climber brand in February,Credit: ClmbrIn a letter to…
A proposed legislation in Ohio seeks to incorporate Bitcoin into its financial plan. Derek Merrin, the Leader of the Ohio House Republicans, introduced the bill. Derek Merrin, who was the former Mayor of Waterville, took to X to announce that House Bill 703, filed this week, would enable the state treasurer to invest in Bitcoin (BTC) in order to create an “Ohio Bitcoin Reserve” in the state treasury. His thought behind introducing the bill was that incorporating BTC into the state’s investment portfolio could help hedge against the slow erosion of the purchasing power of the U.S. dollar, thereby helping…
electrical engineer working at the power station See the planning of electricity production at high … [+] voltage poles.getty At times like these, I’m reminded of a quote from Howard Marks, the most successful value investor you’ve likely never heard of. (Warren Buffett is a fan.) Marks’s monthly “Oaktree Memos” are well worth a read. And in his insightful book, The Most Important Thing: Uncommon Sense for the Thoughtful Investor, he wrote: “What’s clear to the broad consensus of investors is almost always wrong.” This quote has been on my mind lately because everyone is convinced that Trump 2.0 will…
As OpenAI prepares to undergo a restructuring that would make it a for-profit public benefit corporation, it faces two big hurdle: a legal battle with billionaire Elon Musk and opposition from fierce rival Meta.AFP via Getty Images Welcome back to The Prompt, “You can’t sue your way to AGI.” That’s OpenAI’s response to Elon Musk, who has filed a lawsuit against the AI juggernaut over its plan to restructure itself to become a for-profit public benefit corporation. Emails and text messages between Musk and OpenAI cofounders show that the billionaire himself proposed that OpenAI have a for-profit component back in…
President-elect Trump met with crypto industry leader Kris Marszalek to prepare an order for a Bitcoin reserve in a bid to strengthen the U.S. financial landscape. Kris Marszalek, Crypto.com CEO, met Donald Trump at Mar-a-Lago on Dec. 16 to talk about the proposed crypto-related appointments within the financial departments and Congress. They also discussed drafts of a U.S. Strategic Bitcoin Reserve to be administered within the Treasury’s Exchange Stabilization Fund, as noted in his Nashville speech delivered in July. What the Strategic Bitcoin Reserve entails After the meeting, Bitcoin Magazine posted a draft executive order made by the Bitcoin Policy…
Research shows emotionally connected members are three times more likely to stay—here’s how to create those bondsCelebrating milestones like birthdays, training achievements, and gym anniversaries isn’t just about recognition—it’s a strategic way to foster emotional connections that build loyalty and retention. Research shows that emotionally engaged customers are more likely to stay loyal and even advocate for your business.According to a Harvard Business Review analysis, emotionally engaged customers are three times more likely to recommend a business and return for repeat visits. Emotional motivators such as standing out from the crowd, enjoying a sense of well-being, and feeling a sense…
Tech moguls Mark Zuckerberg and Elon Musk have found common ground in their opposition to OpenAI’s planned transition from a non-profit to a for-profit entity. The New York Post reports that the world of AI is witnessing an unprecedented alliance as Mark Zuckerberg’s Meta, the parent company of Facebook and Instagram, has sided with Elon Musk in his legal battle against OpenAI. The AI startup, known for ChatGPT, is seeking to shed its non-profit status and become a for-profit public benefit corporation. However, this move has drawn the ire of both Zuckerberg and Musk, who are now united in their…