Author: MNK News
Topline President-Elect Donald Trump has named billionaires Elon Musk, one of his biggest campaign supporters, and Vivek Ramaswamy, his one-time primary opponent, to lead a new “Department of Government Efficiency”—giving Musk a role in his administration after Trump and the world’s richest person spoke on the campaign trail about working together. SpaceX and Tesla founder Elon Musk speaks during a town hall for Donald Trump on Oct. 18, 2024. Getty Images Key Facts The announcement comes months after Musk and Trump first started publicly floating the idea of a government efficiency position for the billionaire and more than a week…
Representative Brian Fitzpatrick (R-PA) on Thursday called for immediate government action to be taken to address increasing reports of unexplained drone activity in Philadelphia suburbs. The Congressman explained his move on the basis of seeking assurances for local residents that Washington is doing all it can to assuage fears over the increasing sightings. He wrote on X his main concern is the safety and security of local residents: Today, I sent an urgent letter to the DHS, FBI, and FAA calling for immediate answers and decisive action regarding the increasing reports of unexplained drone activity. The safety and security of…
Warren Buffett takes a slice of Domino’s. Ken Griffin, David Tepper and Steve Cohen are shedding Amazon shares. Here’s what SEC filings reveal about recent moves of the world’s richest and most successful investors. By John Dobosz, Forbes Staff Over the past 30 months, the reported moves of billionaire investors were a major consideration in the strategies we have used to construct our two Forbes Billionaire Investor model portfolios, but they were not the only factor. We also sought out stocks that had compelling value appeal with low debt levels and strong business fundamentals, which means stocks trading at depressed…
Vlad Gorbunov, founder of the Choise.ai ecosystem, discusses the future of the meme coin space and explains how the team’s new Meme Bank can transform the sector by providing meme coins with utility-driven features such as token burns and staking rewards, along with real-world applications like payments via Visa/Mastercard bank cards with bespoke designs. CN: Vlad, can you elaborate on the future of the meme coin sector? Do you think meme coins can transform from hype-driven assets to solid, long-term performers, especially in light of recent headlines about the meme coin hype cooling down? VG: Meme coins are a quintessential…
Topline A stream of congratulatory messages were sent in support of Donald Trump after winning the election Wednesday morning, including from a handful of Trump’s billionaire backers and his celebrity endorsements. Trump declared victory hours before the race was called.Copyright 2024 The Associated Press. All rights reserved Key Facts Elon Musk, who was praised by Trump in his election speech, wrote “game, set and match” late on Tuesday and later posted—in addition to several other pro-Trump messages—an image of himself speaking with Trump at an election night party. Fellow tech billionaire Palmer Luckey, the founder of Oculus VR, said “GG,”…
The Biden administration has dismissed the recent wave of drone sightings on the East Coast, suggesting that most reports are likely cases of mistaken identity involving legally operating aircraft. The New York Post reports that the mysterious drone sightings that have been reported in New Jersey, New York, and surrounding areas over the past few weeks have left residents and local authorities puzzled and concerned. However, the White House has taken a different stance on the matter, with national security council spokesman John Kirby dismissing the reports during a briefing on Thursday. Kirby stated that federal investigators have been unable…
Whole New Ballgame: Billionaire owner Steve Cohen is a lifelong Mets fan who vowed to bring a World Series back to Queens within five years. Daniel Shirey/MLB Photos via Getty Images The bidding war for the most sought-after free agent in baseball history included the usual suspects who have spent freely on superstars for decades—the New York Yankees, Los Angeles Dodgers and Boston Red Sox—but none could top Steve Cohen, the league’s new heavy hitter. The 68-year-old Cohen, whose estimated net worth of $21.3 billion is twice as large as any other Major League Baseball owner’s fortune, reportedly agreed Sunday…
Crypto finance service provider Bitcoin Suisse says the crypto bull market will continue in 2025, and projects that Ethereum staking exchange-traded funds could outperform Bitcoin. Bitcoin Suisse shared the forecast in its outlook for the next year, with key points including the U.S. adopting a Bitcoin (BTC) strategic reserve as other countries follow and BTC trading to an all-time high above $180’000. The Swiss-regulated crypto startup also foresees financial giants stepping up to unveil institutional rollups on Ethereum (ETH). However, one of its biggest projections for 2025 is that Ethereum-staking ETFs could surpass Bitcoin ETFs. “While Bitcoin ETFs shattered records…
Topline President-elect Donald Trump nominated Kari Lake to lead the government-funded news outlet Voice of America, Conair heir Leandro Rizzuto Jr. as ambassador to the Organization of American States and Silicon Valley China hawk Jacob Helberg for a key economic advisory role in the State Department, among a flurry of new appointments on Wednesday and Tuesday as Trump continues to fill out his cabinet. Arizona Republican U.S. Senate candidate Kari Lake speaks at her Election Eve Rally outside the … [+] Yavapai County Courthouse in Prescott, Arizona.Getty Images Key Facts Trump has chosen people for most Senate-confirmed Cabinet-level jobs, including…
A federal court has denied TikTok’s request for a temporary pause of a law that could result in a ban of the app next month. The ruling, which came in response to an emergency injunction filed by TikTok earlier this week, is the latest legal setback for the company as it tries to avoid a total ban of its app in the United States.In its request for a delay in the law taking effect, TikTok indicated that it planned to appeal to the Supreme Court. The company’s lawyers also cited the possibility that President-elect Donald Trump may want to take…