Author: MNK News
CLNKraneShares Key News Asian equities were largely higher on light volumes and little news as Hong Kong and Mainland China outperformed. Australia and the Philippines were closed for Christmas, while Hong Kong and Singapore had half days. Reuters reported that China will issue RMB 3 trillion of special purpose bonds versus expectations of RMB 1 trillion. The article further states, “The proceeds will be targeted at boosting consumption via subsidy programs…” The news from “sources” finally gives foreign investors what they want: consumption stimulus! It is important to note that the article was published after Hong Kong closed! What drove…
On “Forbes Newsroom,” St. Lucie County Sheriff Keith Pearson slammed President Joe Biden’s decision to commute the sentences of 37 out of the 40 federal death row convicts, including convicted murderers Ricardo Sanchez Jr. and Daniel Troya. Troya and Sanchez were convicted of murdering the Escobedo family – which included two small children – on a Florida turnpike in 2006. “I felt like I was punched in the stomach and I really felt for the family of the victims,” Pearson told Forbes. “I mean, how do you find that out on the day before Christmas Eve when families are coming…
By David French (Reuters) -Wall Street’s main indexes all closed higher on Tuesday, with gains in megacap and growth stocks bolstering benchmarks in a truncated Christmas Eve session. Both the Dow Jones Industrial Average and Nasdaq Composite scored four straight sessions of gains, with the S&P 500 taking its winning streak to three sessions, marking the first day of the seasonal Santa Claus rally. The Dow had skidded for 10 straight sessions earlier this month, its longest losing streak since 1974. With megacap stocks having outsized influence on markets, their performance is often a key driver of indexes. When coupled…
Artificial Intelligence-related cryptocurrencies saw a significant rally over the past day as several new developments surrounding the AI industry reignited interest among its investors. NEAR Protocol NEAR Protocol (NEAR), the largest AI coin by market cap, rose 6% in the last 24 hours, trading at $5.45 per coin at press time. Internet Computer Internet Computer (ICP), Render (RENDER), Bittensor (TAO), and FET hit gains of 5.2%, 7.6%, 7.5% and 4% respectively in the same period. Meanwhile, other AI tokens Livepeer (LPT), Virtuals Protocol (VIRTUAL), AI Rig Complex (ARC) and PAAL AI (PAAL) recorded much higher gains of 20.7%, 20.5%, 19.5%,…
Google has put forward its own set of remedies to address the Department of Justice’s antitrust concerns, offering to unbundle Android apps instead of selling off Chrome or other major divisions. The Verge reports that in a move to counter the DOJ’s proposed solutions for breaking up Google’s alleged monopoly on search, the tech giant has presented its own set of fixes. The DOJ’s initial list of remedies included forcing Google to sell off its Chrome browser, but Google’s response suggests a different approach. Instead of divesting Chrome, Android, or Google Play, as the DOJ’s filing had considered, Google’s proposed…
Adirondack chairs on a wooden dock on a calm lake in Muskoka, Ontario Canada. Cottages nestled … [+] between trees are visible across the water.getty Not many people know this, but if you really want to diversify—deftly balancing and rebalancing to maximize (and protect) your gains, you need to invest in closed-end funds (CEFs). Doing this with CEFs, which yield around 8% on average, gives you two key advantages: First, you get a much bigger income stream. That’s great on its own. But if you’re reinvesting your income, you get an even bigger edge because you can easily redirect your…
Director James Mangold and Timothée Chalamet as Bob Dylan on the set of ‘A Complete Unknown.’ Macall Polay/Seachlight Pictures For James Mangold, the writer, director, and producer of the Timothée Chalamet-led Bob Dylan biopic A Complete Unknown, a perfect storm of happenstances allowed him to sit down and shoot the breeze with the reclusive music legend. Those conversations proved invaluable. “His people had read the script and were concerned that I was breaking a boundary that either they or their client had set up. They weren’t reticent about making the movie. Still, there was an initial edict that was to…
Updated at 2:30 PM EST U.S. stocks closed firmly higher Tuesday, while the dollar tested the highest levels in two years, as shrugged off another jump in Treasury yields and rode solid gains for megacap tech stocks to a extend the early Santa Claus rally. The S&P 500 ended 66 points, or 1.1% higher on the session while the Nasdaq gained 266 points and the Dow surged 390 points to extend its winning streak to a fourth straight day. Updated at 10:53 AM EST Tesla (TSLA) is leading gains for the megacap tech names heading into the final hours of…
MicroStrategy files a preliminary notice with the SEC to hold a shareholder vote for several items, including whether to increase authorized shares of common stocks and preferred shares from millions to billions. MicroStrategy, the largest corporate holder of Bitcoin (BTC) to date, plans to conduct a meeting of shareholders. According to the preliminary notice filed to the SEC, MicroStrategy plans to have the meeting sometime in early 2025, though the exact date and time has yet to be determined. The meeting will be held on a live webcast which can only be accessed by MicroStrategy stockholders via a website URL.…
Leftist echo chamber Bluesky, the social media platform enjoying explosive growth as Trump haters flee Elon Musk’s X/Twitter, is under fire for its failure to adequately address death threats and attempted doxxing targeting progressive journalist Jesse Singal. Singal, an ultraleftist, has nevertheless faced intense hate on Bluesky due to his criticism of the transgender agenda. A recent article from journalist Jesse Singal in The Free Press claims that Bluesky, a social media platform launched by Twitter in 2019 before becoming an independent company and eventually transforming into an insane leftist echo chamber, has allowed its users to make death threats and…