Author: MNK News
Retired Couplegetty The Federal Reserve cut interest rates by an “historic” 50 basis points. Then, interest rates soared. Wait. What? The Federal Funds Rate is a target (technically a target range) that influences short-term rates in the economy. Money market funds, for example, pay interest based on this benchmark. They pay 0.5% less today than two months ago due to the Fed cut. Long-term rates, on the other hand, are not controlled by the Fed. Not directly, at least. The global bond market is a cool $130 trillion. Far too large for anyone, even Uncle Sam, to control. Fed Cut…
Topline For weeks, citizens across New Jersey — as well as New York, Pennsylvania and Connecticut — have reported seeing clusters of drone-like objects flying low in the sky at night, yet information remains scarce, even as state officials now say they’ve seen the drones firsthand, received mixed information from federal agencies and pushed the FBI for answers. This photo provided by Brian Glenn shows what appears to be multiple drones flying over … [+] Bernardsville, N.J., on Thursday, Dec. 5.Associated Press Key Facts Connecticut state Sen. Tony Hwang released a statement Friday saying there were “sightings of possible unauthorized…
Dave Sandor, former executive director at Goldman Sachs and Morgan Stanley for the Asia Pacific region, announced his new role as co-founder at OpenZK Network, a solution designed for ZK-Rollup scaling. OpenZK announced Dave Sandor would be joining as co-founder to spearhead advancements in ZK-Rollup scaling solutions on X. Sandor has worked as an executive director at Goldman Sachs and Morgan Stanley to focus more on product structure, integrating institutional finance into potential decentralized finance. At OpenZK Network, Sandor will lead the development of next-generation Layer 2 solutions, focusing on improving the ecosystem’s reward mechanism and user experience. “Dave’s unique…
Tech giant Google has launched a woke Christmas advertisement featuring a man wearing women’s clothing who laments over having dry skin in the winter during “holiday” season. The ad has dropped just weeks after Jaguar’s disastrous ad featuring crossdressers instead of cars, earning it the moniker “Bud Light 2.0.” In a newly-launched ad for Google Shopping, a man clad in women’s attire is seen looking at himself in his camera phone, bemoaning, “So dry,” adding, “This winter dryness is not it, especially when I have so many holiday looks to pull off!” Watch Below: “Thankfully, I know just the thing,” the man…
Interest rates are finally on the decline again, leaving investors considering where to focus their money next. At this point, the markets could tip in either direction, as the Fear and Greed Index sits at neutral right now, and economic and market pundits are sharing a wide array of commentary that calls for everything from a recession to a soft landing or even the potential for a continuation of greener pastures. Investing paraphernalia, including books about Warren Buffett, are displayed inside Stock Pickers, a … [+] tip-trading bar for investors in the Ginza district of Tokyo, Japan, on Monday, March…
Lisa Kudrow and Ray Romano in ‘No Good Deed’ on Netflix.PHOTO BY SAEED ADYANI/Netflix. During the pandemic Dead To Me creator Liz Feldman discovered just how competitive the real estate market is when she started looking for a new home in her Los Feliz neighborhood. Nestled in Los Angeles, the charming southern California hillside enclave is adjacent to Hollywood and encompasses part of the Santa Monica Mountains. It is known for its rich topography, gorgeous views, and beautiful homes ranging from the low to high millions. It’s the perfect place to settle down and raise a family. The competition among…
Netflix’s Sex Education actor Alexander Westwood was reportedly found guilty of rape and sexual abuse of teenagers in acting lessons. The British actor was found guilty of 26 sex offenses, as well as convicted of raping a 16-year-old and sexually abusing another teenager who came to him for acting classes, according to multiple outlets present at Westwood’s U.K. court hearing this week. Westwood — whose acting credits also include the 2018 film Outlawed and 2019 film Angel City — will be sentenced on February 25. The actor denied the allegations, which transpired in 2020 and 2021. Westwood was also convicted of…
CLNKraneShares Key News Asian equities were mixed overnight as Singapore, Hong Kong, and Mainland China outperformed while India, the Philippines, and Indonesia underperformed. Hong Kong and Mainland China opened lower but went from lower left to upper right/grinding higher all day on strong volumes, and strong breadth/advancers beat decliners handily. Several key catalysts are at play: Chatter that NPC fiscal stimulus could be more significant than anticipated on the low end of between RMB 2 trillion to RMB 6 trillion while the high end of the range of RMB 10 trillion to address local governments’ hidden debts, real estate support,…
FILE – Houston Astros’ Kyle Tucker tosses his bat after hitting a home run against the Minnesota … [+] Twins during the third inning of a baseball game Saturday, June 1, 2024, in Houston. (AP Photo/David J. Phillip, File)Copyright 2024 The Associated Press. All rights reserved. The Cubs addressed a significant area of need on Friday, completing a four-player deal for Astros outfielder Kyle Tucker. In return, the Cubs are sending Isaac Paredes, Hayden Wesneski, and prospect Cam Smith to Houston. The trade, according to multiple reports, will bring Chicago a much-needed left-handed power bat. The Cubs ranked 21st in…
Dan Morehead, founder and managing partner of Pantera Capital, made it clear that he thinks crypto is a better reserve investment than gold. Speaking with CNBC on Thursday, Morehead compared the development of blockchain technology to historical financial innovations and expressed some serious optimism about the crypto and blockchain space — especially as more and more institutions expose themselves to it. “Presently, most institutions really have almost zero exposure to blockchain, so once they start engaging in the space, it should do well,” he said. Morehead cited regulatory uncertainty as a key hurdle for institutional adoption, pointing to ongoing legal…