Author: MNK News

American International, Goodyear Tiregetty Below the 200-day moving average is an alarm bell for those investors who keep an eye on price charts. It’s a good signal that the direction has changed, longer-term, from up to down. This is true not just for stocks but for bonds, oil, gold, currencies and, in general, any asset that can be charted. Other elements of price movement play a role in decision-making about buys and sells, but this one is a solid indicator of issues, whatever they may be. A drop below the 50-day moving average is a shorter-term signal but below the…

MORRISON, CO – JULY 14: NHRA Funny Car driver John Force watches a race from the return road after … [+] his first qualifying round at the Dodge Power Brokers NHRA Mile-High Nationals at Bandimere Speedway in Morrison July 14, 2023. (Photo by Andy Cross/MediaNews Group/The Denver Post via Getty Images)DP John Force isn’t ready to call it quits. Not yet, anyway. The 75-year-old NHRA legend – a man who’s built a career on defying expectations, the laws of physics, and, on occasion, basic common sense – is still not done. This is a 16-time Funny Car champion, mind you,…

xAI, Elon Musk’s AI company, may be embroiled in an escalating lawsuit with OpenAI. But that’s not stopping it from shipping new products — on a Friday night, no less. This evening, xAI revealed that it has begun to roll out an upgraded version of its flagship Grok 2 chatbot model to all users on X, the social network formerly known as Twitter. (X, which Musk also owns, often serves as a testing ground of sorts for Grok.) The enhanced Grok is “three times faster,” xAI claims in a blog post, and offers “improved accuracy, instruction-following, and multi-lingual capabilities.” Free…

Jordan Gainey lifted Tennessee to a 66-64 win over Illinois on Saturday night. (Johnnie Izquierdo/Getty Images)It took a long driving layup through plenty of traffic at the buzzer, but Jordan Gainey saved the day for Tennessee on Saturday night.Gainey lifted top-ranked Tennessee to a stunning 66-64 win over Illinois at the State Farm Center in Champaign. The Volunteers, with about five seconds left on the clock and the game tied, had one last chance at a shot before overtime in what was a great non-conference battle. Gainey, after catching the inbounds pass, immediately sprinted up the court and went right…

VanEck’s head of digital asset research, Matthew Sigel, has outlined a detailed forecast for the cryptocurrency market through 2025. Sigel predicted Friday that Bitcoin (BTC) will reach $180,000 in the first quarter before experiencing a correction. The analysis projects Ethereum (ETH) reaching beyond $6,000, while coins like Solana (SOL) and Sui (SUI) could achieve $500 and $10, respectively. Sigel anticipates this initial peak will be followed by a market correction, with Bitcoin pulling back 30% and altcoins experiencing deeper declines of up to 60% during the summer months. To identify potential market tops, Sigel highlights several key indicators for investors…

Getty Images It’s official as can be: Colorado’s Travis Hunter will be the 2024 Heisman Trophy winner.That is the result of my annual straw poll of Heisman voters — who were granted anonymity in exchange for their ballots — conducted this week. Those ballots have room for three spots, and seven players received at least one vote in our straw poll. Boise State running back Ashton Jeanty was No. 2 followed by Oregon quarterback Dillon Gabriel. Four other players also received votes. Jeanty goes into the Fiesta Bowl College Football Playoff quarterfinal needing 132 yards to break Barry Sanders’ 36-year-old record…

Mark Zuckerberg’s Meta is facing a significant technical issue that has left many users unable to access its platforms, including Facebook, Instagram, and Twitter clone Threads. Users around the world are experiencing problems accessing Meta’s popular social media platforms, including Facebook, Instagram, and Threads. The outages, which began around noon eastern, have affected a large number of users, with Downdetector, a website that tracks online service disruptions, showing significant spikes in reported issues for each platform. According to Downdetector, the Instagram page alone saw a peak of more than 70,000 reports of issues, while Facebook exceeded 100,000 reports at its…

Photo by Daniel Harvey Gonzalez/In Pictures via Getty ImagesIn Pictures via Getty Images Shares in electricals retailer Currys took off on Thursday as sales strengthened in the first half and the business firmed up its balance sheet. At 86p per share, the FTSE 250 firm rose 8.9% and was the index’s biggest daily gainer. Strength Currys’ its main UK and Ireland market meant group revenues rose 1% in the six months to October, to £3.9 billion. On a like-for-like basis sales were up 2% year on year. The business remained in the red during the period, although pre-tax losses narrowed…

Think of your technology investments as a journey that requires you to plan in detail how it will … [+] all play out.getty In today’s world of tech-everything, manufacturers get bombarded with pitches from salespeople touting the next thing you need to achieve efficiency, supercharge productivity, and unearth riches. A lot of it sounds pretty good. Some of it may produce real value. But most small and medium-sized manufacturers shouldn’t bite. At least, not until they’ve connected their technology investments with a cohesive plan and, most importantly, a clear set of priorities. Without that broader strategic thinking, it’s easy to…

World models, also known as world simulators, are being touted by some as the next big thing in AI. AI pioneer Fei-Fei Li’s World Labs has raised $230 million to build “large world models,” and DeepMind hired one of the creators of OpenAI’s video generator, Sora, to work on “world simulators.” (Sora was released on Monday; here are some early impressions.) But what the heck are these things? World models take inspiration from the mental models of the world that humans develop naturally. Our brains take the abstract representations from our senses and form them into more concrete understanding of…