Author: MNK News

(Bloomberg) — Nissan Motor Co. shares slid, heading for a two-day drop of 13%, on concern the terms of the carmaker’s planned deal with Honda Motor Co. would give investors a lower stake in the proposed joint holding company. Most Read from Bloomberg The stock fell as much as 6.7% on Monday in Tokyo. After initially soaring more than 60% since Dec. 17, a day before news of the deal broke, the stock tumbled on Dec. 27 as investor focus turned to the starting ratio for a Honda-Nissan tie-up. Shares were also vulnerable to profit-taking on the last trading session…

DuckChain’s goal of enabling decentralized apps within the Telegram ecosystem is supported by the $5 million investment from Oak Grove Ventures. Oak Grove Ventures has publicly disclosed a $5 million investment in DuckChain, an innovative blockchain platform that utilizes TON-based EVM solutions. Several well-known companies, including dao5, Tandem by Offchain Labs, Kenetic Capital, DWF Ventures, Skyland Ventures, and angel investors from leading projects like Camelot and Quantstamp, also contributed to this fundraising round. With DuckChain’s seamless integration into Telegram’s ecosystem, developers can create decentralized apps that meet the demands of more than 30 million active Telegram users. DuckChain seeks to…

Topline President Joe Biden said Sunday he is “deeply saddened” after a plane crashed at a South Korean airport Sunday, killing nearly 180 people in one of the country’s deadliest aviation disasters, though an investigation into what caused the accident is still underway. The incident is the deadliest aviation disaster in the country in nearly three decades.NurPhoto via Getty Images Key Facts Biden said in a statement he and his wife Jill were “deeply saddened to learn of the loss of life” resulting from the Jeju Air plane crash, adding the “American people share deep bonds of friendship with the…

(Bloomberg) — Oil edged higher as traders focused on 2025 risks, from ample supply to the unpredictability of the incoming Trump administration. Most Read from Bloomberg Brent traded near $74, heading for a modest drop of about 3% this year. There are widespread expectations that the market will be oversupplied in 2025, which is likely to make it harder for OPEC and its allies to revive idled production. The actions of President-elect Donald Trump will keep traders on edge after he takes office in January. He has already threatened tariffs on oil producers Canada and Mexico, while his pick for…

Meta is reportedly working on an issue with a software update that bricked some Quest 2, Quest 3 and Quest 3S headsets, the company announced. The company originally upset customers by not only releasing a faulty update, but then telling buyers affected that they wouldn’t address the problem because the headsets were out of warranty, as The Verge reported.Now, Meta appears to be making good on the issue, saying it’s working on a fix “for all users” and said customer support has “new directions on how to support users.” Some buyers said on Reddit that they received an email confirmation…

The global wellness market is projected to grow to nearly $9 trillion in 2028 as consumers embrace new ways of living, moving and being.  The rise of longevity services, GLP-1 weight-loss drugs and holistic wellness presents massive opportunities for fitness brands, but also exposes the industry to increased competition from new entrants. Meanwhile, the popularity of strength training is reshaping the way gyms look across the globe, while the rise of AI begins to transform the way fitness brands do business.To get you ready for a new year, Athletech News breaks down the top fitness and wellness trends to watch in…

The Securities Commission of Malaysia has instructed Bybit and its chief officer to cease the operation of all digital platforms in Malaysia and also halt all advertisements targeting Malaysian audiences. The SC published in its media release that it has begun enforcement proceedings against Bybit, a cryptocurrency exchange, and its business chief, Ben Zhou, for providing a crypto-selling platform without adequate registration on Dec. 27. The platform had been ordered to cease all digital platforms operating in Malaysia from Dec. 11 onwards, within 14 business days. This also includes Bybit’s website and mobile applications. The company must also cease advertising to Malaysian investors…

Ron Baron speaks at the annual Baron investment conference in New York.Courtesy of Baron Capital Group Permabull and billionaire money manager Ron Baron had a great 2024. From an investment standpoint the 81-year-old investment manager has long been known as Elon Musk’s oldest fanboy, thanks to his fund’s ginormous bets on Tesla and SpaceX, which have surged since early November. The firm’s top fund, the $7.3 billion (assets) Baron Partners Fund, which has 40% of its assets invested in Tesla, is up 37% year to date thanks largely to Tesla’s more than 75% share price gain so far this year.…

Topline Jimmy Carter, the Georgia peanut farmer who had the lowest approval ratings of a post-war U.S. president except for Donald Trump and Harry Truman during his one term in office, but gained wide respect in the decades after he left office for his humanitarian work, died Sunday at the age of 100, his foundation announced. Jimmy Carter served as president from 1977 to 1981.Bettmann Archive Key Facts Carter died at his home in Plains, Georgia, while surrounded by his family and is survived by his four children, 11 grandchildren and 14 great-grandchildren, the Carter Center announced. Carter rose from…

LONDON (Reuters) – Global property catastrophe reinsurance rates will fall 5% to 15% on Jan. 1 for books of businesses which have not suffered losses, reinsurance broker Guy Carpenter said on Monday, as the market becomes more competitive after years of rate rises. Reinsurers insure the insurers, and have raised prices and excluded some business in recent years following increased losses from wars and natural catastrophes. However, reinsurers have become more willing to take on risk after enjoying strong profits, Guy Carpenter, a unit of Marsh McLennan said. “Renewal outcomes at year-end reflect reinsurers’ positive property experience over the last…