Author: MNK News

(Bloomberg) — A US judge reset the bidding process for the parent company of Citgo Petroleum Corp. late Tuesday, a move that is poised to create competition for Elliott Investment Management’s pursuit of the oil refiner. Most Read from Bloomberg Judge Leonard Stark ordered the bidding for the company to be reopened, allowing for new offers to be submitted. Any proposal would have to top the $7.3 billion bid made by an affiliate of Elliott earlier this year. Stark, who heard arguments on the matter on Dec. 13 in Wilmington, Delaware, has now cleared the way for other creditors —…

How to solve today’s Wordle.SOPA Images/LightRocket via Getty Images Looking for Tuesday’s Wordle hints, clues and answer? You can find them here: ForbesToday’s ‘Wordle’ #1291 Hints, Clues And Answer For Tuesday, December 31stBy Erik Kain It’s fitting that the very first day of the year should also be Wordle Wednesday, the day of the week where we spice things up with an extra riddle or brain-teaser to solve. Here’s your first riddle of the year: It cannot be seen, cannot be felt, Cannot be heard, cannot be smelt. It lies behind stars and under hills, And empty holes it fills.…

(Bloomberg) — South Korea’s exports maintained growth momentum in December as demand from China increased while semiconductor sales stayed resilient. Most Read from Bloomberg The value of shipments adjusted for working-day differences increased 4.3% from a year earlier in December, according to data released Wednesday by the trade ministry. That compared with a 3.7% rise initially reported for the full month of November. Unadjusted exports rose 6.6% while overall imports increased by 3.3%, resulting in a trade surplus of $6.5 billion. The up-tick offers some solace for a nation undergoing its biggest political upheaval in years. President Yoon Suk Yeol…

Both spot Bitcoin and Ethereum exchange-traded funds recorded inflows on Dec. 31, following a day of significant outflows amid a broader market downturn that saw both assets experience heavy losses. According to data from SoSoValue, the 12 spot Bitcoin ETFs logged a net inflow of $5.32 million on Tuesday marking an end to its 2-day outflow streak that saw over $723 million leave the funds. The majority of inflows came into Fidelity’s FBTC which saw $36.81 million enter the fund. Bitwise’s BITB and Grayscale Bitcoin Mini Trust contributed to the positive momentum with inflows of $8.68 million and $4.14 million…

Virtual private networks (VPNs) promise the potential to stream any content, from anywhere. They unlock content from abroad across nearly any streaming service you use regularly, which can come in handy if you’re into some obscure BBC exclusive not available in the United States. But that’s actually just one small perk of VPN services. VPNs provide a private traffic tunnel to keep your internet service provider out of your business, and provide an extra layer of security to protect your browsing habits.We tested nine of the most popular VPN services available now to come up with our top picks, and…

Billionaire Jeff Bezos and his Blue Moon lunar lander are competing with Elon Musk’s Starship to be … [+] the first to land on the Moon (Photo by SAUL LOEB / AFP) (Photo by SAUL LOEB/AFP via Getty Images)AFP via Getty Images Eleventh-hour launch licenses that the Federal Aviation Administration just issued to Blue Origin and to SpaceX are setting the stage for space billionaires Jeff Bezos and Elon Musk to supercharge their race to the Moon. As Blue Origin founder Bezos readies his super-heavy-lift rocket New Glenn for its first blast-off from the Cape Canaveral Space Force Station, along…

Retail investors enjoyed another banner year by sticking with tried-and-true large-cap tech names that raked in big profits and promised advances in artificial intelligence. Vanda Research estimated the year will end with about $265 billion in net new inflows into US markets by self-directed retail investors. While that is $25 billion less than the previous three years’ average, based on Vanda Research’s data, it’s still within the post-COVID-19 range — indicating a healthy appetite for the average investor to be engaged with markets. The six corporate tickers with the most retail investor inflows were a who’s who of tech momentum…

BRISBANE: Novak Djokovic and Aryana Sabalenka began their season with straight set wins but Nick Kyrgios’ return to singles action did not go according to his plans at the Brisbane International on Tuesday. Djokovic tamed local favourite Rinky Hijikata 6-3, 6-3 in what was the top seeded Serbian’s first tour-level singles match since October. The 37-year-old Serb broke Hijikata once in the first set and twice in the second for a comfortable 74-minute win. Djokovic, now ranked seven in the world, was all business against the young Australian and always looked in control. “He did some good things, he played…

Illegal crypto ads remain widespread as the FCA struggles to crack down, data shows. The British Financial Conduct Authority has failed to remove all illegal crypto ads as nearly half of flagged promotions still online, the Financial Times has learned, citing data obtained through a freedom of information request. Between October 2023 and October 2024, the FCA issued over 1,700 alerts about illegal crypto ads, apps, and websites. However, less than 55% were taken down. The FCA has the power to fine or prosecute companies that break new rules requiring crypto ads to be approved by the regulator or an…

LAHORE: The Pakistan Sports Board (PSB) has instructed all six provincial sports boards to scrutinise their clubs at city level besides examining the associations at tehsil, district, divisional and provincial levels in order to ascertain the genuineness of national sports federations. In a letter issued on Dec 25, 2024, the PSB, which has been at loggerheads with the national sports federations and the Pakistan Olympic Association (POA) since the implementation of the National Sports Policy 2005, has taken yet another step to strengthen its tussle with the POA and the federations. “I am directed to refer to the meeting held…