Author: MNK News
FILE – Baltimore Orioles’ Corbin Burnes pitches during the first inning of a baseball game against … [+] New York Yankees, Thursday, Sept. 26, 2024, in New York. (AP Photo/Noah K. Murray, File)Copyright 2024 The Associated Press. All rights reserved. The Arizona Diamondbacks made their biggest splash off the offseason late last night. They agreed to terms with free agent starting pitcher Corbin Burnes on a six-year, $210 million deal with an opt-out after the 2026 season according to Jon Heyman of the New York Post. Burnes established himself as one of baseball’s best arms with the Milwaukee Brewers where…
(Bloomberg) — Shares of JBS SA, the world’s biggest meat company, and other Brazilian beef producers slumped on the news that China is starting a probe into its imports of the meat, which have surged in recent years. Most Read from Bloomberg The Asian country, the world’s largest beef buyer, will decide if a surge in shipments from overseas has hurt the domestic industry, the Ministry of Commerce said Friday. The investigation, launched at the request of China’s domestic industry associations, is likely to end within eight months, but may be extended under special circumstances, according to a statement on…
In a lengthy post on X, CryptoQuant CEO Ki Young Ju questioned whether the U.S. would embrace a Bitcoin reserve under the incoming Donald Trump administration. “I personally support the idea of Bitcoin Standard,” Young Ju said. “However, I question whether the U.S., while continuing to grow as other economies stagnate, would adopt Bitcoin as a strategic asset. For the debate to gain serious momentum, the U.S. would need to see its global economic dominance genuinely threatened. At present, market sentiment suggests confidence in the U.S.’s continued supremacy.” Trump, on the 2024 campaign trail, promised to establish a national Bitcoin…
Topline Russian President Vladimir Putin apologized for the plane crash in Russian air space on Christmas Day that left 38 people dead in a statement that said Russia was targeting Ukrainian drones over the plane’s planned destination at the time, but stopped short of taking responsibility. An aerial drone photo taken on Dec. 25, 2024, shows the plane crash site near Aktau, Kazakhstan. … [+] (Photo by Azamat Sarsenbayev/Xinhua via Getty Images)Xinhua News Agency via Getty Images Key Facts Putin “apologized for the fact that the tragic incident occurred in Russian airspace,” according to a statement released Saturday detailing Putin’s…
(Bloomberg) — The European Central Bank could consider waiting longer before its next rate cut if inflation risks from energy prices or a stronger depreciation of the euro materialize, according to Governing Council member Robert Holzmann. Most Read from Bloomberg “It could be the case that we take more time before lowering rates again,” the Austrian National Bank’s governor said in an interview with the Kurier newspaper published on Saturday. “It’s true, some energy prices are trending upwards again. But there are also other scenarios for how inflation could return, such as a stronger depreciation of the euro.” Asked about…
Shiba Inu is highly volatile as its burn rate and Shibarium transaction fees continue to fall. Shiba Inu (SHIB) retreated to $0.000022, down by 33% from its highest level this month. At last check Saturday, the Ethereum meme coin was up at least 3.5%. See below. Source: CoinGecko Why did Shiba Inu retreat? This retreat is mainly because of the ongoing softness and falling volumes in the cryptocurrency industry. Shiba Inu’s fundamentals have also deteriorated in the past few days. First, Shibarium’s network is not growing as it did months ago. According to Shibarium Scan, the number of new accounts…
Examine the risks that could undermine the stock marketgetty As the 2025 New Year’s excitement ends, look for the U.S. stock market to falter. It is carrying a lopsided enthusiasm from 2024, so 2025 could be a period of adjustment. There are eight issues that have begun to undermine the stock market’s shaky support: First, the stock market rise has outstripped company earnings and other fundamentals (see graph at end of article) Second, the bond market is staging a capital market break from the Federal Reserve’s questionable attempt to cut all interest rates again Third, inflation’s flame is not extinguished,…
RENTON, WA – FEBRUARY 5: The first Boeing 737 MAX 7 aircraft sits on the tarmac outside of the … [+] Boeing factory on February 5, 2018 in Renton, Washington. (Photo by Stephen Brashear/Getty Images)Getty Images The coming year will be crucial for Boeing to show customers, suppliers, investors, regulators and competitors that it truly is on the road to recovery. Since 2018, when the first MAX flown by Lion Air crashed killing all 189 occupants, Boeing has struggled to maintain stability through production halts, regulatory oversight and labor unrest. As the once leader of the industry, its woes rippled…
Jim Watson / AFP via Getty Images Jared Kushner and his wife, Ivanka Trump, in Florida in November. Jared Kushner is a businessman, former White House official, and founder of the private equity firm, Affinity Partners. Kushner is also president-elect Donald Trump’s son-in-law through his marriage to Ivanka Trump. Kushner has an estimated net worth of $900 million, according to Forbes. Businessman Jared Kushner, a former White House official and founder of private equity firm Affinity Partners, has a net worth estimated at around $900 million. Kushner, who served as president-elect Trump’s senior advisor during his first term, is Trump’s…
The odds of the U.S. Securities and Exchange Commission’s accepting a spot Solana exchange-traded fund are rising. According to Polymarket, the odds of a SOL ETF approval have risen to 71%, up from this week’s low of 58% and last month’s 50%. The rising possibility has been fueled by the incoming presidency of President-elect Donald Trump and the subsequent nomination of Paul Atkins as SEC chair. Trump has also begun to assemble his crypto council by naming Bo Hines the executive director and David Sacks, a former PayPal executive, as “crypto czar.” Solana ETF approval odds are rising | Source:…