Author: MNK News

CLNKraneShares Key News Asian equities had another rough night on light volumes as South Korea, India, Thailand, Indonesia, and the Philippines posted losses of -1% or more. Mainland China and Hong Kong posted modest losses on light volumes despite some intra-day volatility and some good news going into the session. Mainland media continued emphasizing Premier Li and the post-Central Economic Work Conference (CEWC) economic policy support releases. A Mainland financial publication noted the rotation into consumer stocks from technology stocks by Mainland mutual fund portfolio managers after the recent pro-consumption economic policy statements. One asset manager commented their pivot was…

GLENDALE, ARIZONA – AUGUST 23: Former Republican presidential candidate Robert F. Kennedy Jr. and … [+] Republican presidential nominee, former U.S. President Donald Trump shake hands during a campaign rally at Desert Diamond Arena on August 23, 2024 in Glendale, Arizona. (Photo by Rebecca Noble/Getty Images)Getty Images Robert F. Kennedy Jr. will likely have a tremendous impact on public health in America for the next four years, given his nomination to serve as the Secretary of Health and Human Services under president-elect Donald Trump. The president-elect has said he would let Kennedy “go wild on health.” Of particular concern are…

WASHINGTON (AP) — Consumers stepped up their spending at retail stores last month, providing a boost to the economy in the early phases of the winter holiday shopping season. Retail sales rose 0.7% in November, the Commerce Department said Tuesday, a solid increase and higher than October’s 0.5% gain. Sales jumped 2.6% at auto dealers, driving most of the gain. Some of that demand likely reflected a need for new cars in parts of the southeast slammed by Hurricane Helene in October, as well as healthy incentives provided by car dealers. Big discounts at many retail chains also attracted some…

The sauna franchise has signed an eight-unit deal set for Raleigh and surrounding areasPerspire Sauna Studio, a leading sauna therapy franchise, is expanding into Raleigh, North Carolina, under an eight-unit development agreement led by husband-and-wife team Cory and Kelly Hess.The first Raleigh location is set to open in early 2025, with additional studios planned for the city and its surrounding areas. “As former college athletes and lifelong advocates of maintaining a healthy lifestyle, we’ve experienced the incredible benefits of infrared saunas firsthand,” Kelly Hess said. “This is more than a business for us – it’s a way to bring accessible wellness…

Many of us will be taking to the skies in the coming days as we travel to see loved ones for the holidays. Flying can be stressful at times but once you’re in your seat, there’s nothing for it but to snooze or find a way to keep yourself occupied. In-flight entertaInment systems are one way to do that but having an earphone wire dangling into your meal isn’t ideal. So Twelve South’s AirFly SE Bluetooth dongle can come in handy. It’s on sale for $30, which is $5 off and a record low.This is a small Bluetooth transmitter that…

Centralized exchange tokens are doing well as most experienced a strong surge in volume amid the ongoing bull run. Bitget Token (BGB) has emerged as the best-performing CEX token as it jumped to a record high of $3.9672. It has soared by more than 545% from its lowest level this year, giving it a market cap of over $5.2 billion.  Cronos (CRO), which is associated with Crypto.com, rose by over 20% on Dec. 17, valuing it at over $5.1 billion.  Binance Coin (BNB) token, on the other hand, has remained in a consolidation phase at its all-time high in the…

President-elect Donald Trump appointed Truth Social CEO Devin Nunes to serve as the Chairman of a presidential Intelligence Advisory Board. In a post on Truth Social, Trump wrote that Nunes would “draw on his experience as former Chairman of the House Intelligence Committee” in order to provide Trump “with independent assessments of the effectiveness and propriety of the U.S. Intelligence Community’s activities.” “I am pleased to announce that I will appoint Truth Social CEO Devine Nunes as Chairman of the President’s Intelligence Advisory Board, which consists of distinguished citizens from outside of the Federal Government,” Trump wrote. Trump added: “While…

The company is balancing geopolitical tensions with technological advancements By Oliver Rodzianko Summary L3Harris benefits from modernizing militaries and rising defense spending amid global tensions, yet moderate long-term CAGRs and a fair valuation suggest only moderate returns. AI-driven autonomous systems support growth even amid possible diplomatic easing; cost-saving and stable earnings prospects keep the company resilient over coming years. Valuation reflects balanced uncertainty: stable deterrent demand and cautious EV-to-EBITDA targets yield fair intrinsic value, suggesting reliable returns as peace or conflict evolves. L3Harris (LHX, Financial) is one of the key beneficiaries of the intense geopolitical environment, with wars breaking out…

Topline President-elect Donald Trump on Saturday nominated his former ambassador to Germany, Ric Grenell, for the newly created envoy for special missions position and Truth Social CEO Devin Nunes as chairman of his Intelligence Advisory Board, the latest among a flurry of new appointments as Trump continues to fill out his cabinet. Former US Acting Director of National Intelligence Ric Grenell speaks during the third day of the … [+] 2024 Republican National Convention at the Fiserv Forum in Milwaukee, Wisconsin, on July 17, 2024. (Photo by ANDREW CABALLERO-REYNOLDS/AFP via Getty Images)AFP via Getty Images Key Facts Trump has chosen…

By Lucia Mutikani WASHINGTON (Reuters) -U.S. retail sales increased more than expected in November amid an acceleration in motor vehicle and online purchases, consistent with strong underlying momentum in the economy as the year winds down. The report from the Commerce Department on Tuesday had no impact on expectations that the Federal Reserve would cut interest rates on Wednesday for the third time since the U.S. central bank initiated its policy easing cycle in September. Fed officials were due to start a two-day policy meeting on Tuesday. Signs of strong domestic demand have added to warmer inflation readings in recent…