Author: MNK News

CLNKraneShares Key News Asian equities rebounded following Friday’s weaker US inflation data on light holiday week volumes and little news. Seinfeld’s George Costanza would be proud that, on Festivus Day, Hong Kong and Mainland China underperformers outperformed while outperformers underperformed, i.e. the value factor outpaced the growth factor. In Hong Kong, Exhibit A would be Tencent which fell-1.45% and Meituan, which fell -1.89%. Meanwhile, banks were the top-performing subsector. It was not all bad news for growth stocks. Alibaba gained +1.12% and Baidu gained +3.17% on reports the company’s AI is still in the running to operate China’s iPhones. Tencent’s…

Matthew McConaughey in “Interstellar.”Paramount Pictures Christopher Nolan’s 2014 sci-fi epic Interstellar zoomed back into IMAX theaters for a two-week special engagement in early December. How did it fare at the box office? Interstellar began its exclusive run on Dec. 6 in 165 North American IMAX theaters. Most of the screenings were in IMAX digital, but the film was also presented in IMAX 70mm in select locations. Forbes25 Big Movies Coming To Theaters In 2025By Tim Lammers Directed by Christopher Nolan, who wrote the screenplay with his brother Jonathan Nolan, Interstellar originally opened in limited release on Nov. 5, 2014, before…

(Bloomberg) — Panama’s president rebuffed Donald Trump’s threat to reimpose US control over the Panama Canal, saying its shipping tolls aren’t inflated and that sovereignty over the waterway isn’t negotiable. Most Read from Bloomberg “Every square meter of the Panama Canal and its adjacent zones is part of Panama, and it will continue to be,” President José Raúl Mulino said Sunday in a video statement on X, the social platform. Mulino’s defense of Panamanian control over the key commercial waterway shows how Trump is already exerting global influence after he brought control over the canal into play over the weekend,…

Equipment maker expands beyond cardio with integrated strength line, digital platformSunny Health & Fitness has expanded into strength training equipment with its new Sunny Strength Line. The company, known for cardio equipment manufacturing over the past 20 years, introduced a collection including racks, benches, smith machines, free weights, dumbbells, and bars.The launch marks the company’s evolution from a cardio-focused manufacturer to a comprehensive fitness equipment provider. The new strength line integrates with the SunnyFit app, offering workout plans, fitness tracking, and progress monitoring capabilities.The launch of the Sunny Strength Line comes at a time when strength training is surging in…

Tokyo-listed Metaplanet has purchased another 9.5 billion yen ($60.6 million) worth of Bitcoin, pushing its holdings to 1,761.98 BTC. Metaplanet, a publicly traded Japanese company, has acquired 619.7 Bitcoin as part of its crypto treasury strategy, paying an average of 15,330,073 yen per (BTC), with a total investment of 9.5 billion yen. According to the company’s latest financial disclosure, Metaplanet’s total Bitcoin holdings now stand at 1,761.98 BTC, with an average purchase price of 11,846,002 yen (~$75,628) per Bitcoin. The company has spent 20.872 billion yen in total on Bitcoin acquisitions, the document reads. The latest purchase is the largest…

The Office of the US Trade Representative (USTR) has started a probe into China’s semiconductor industry, looking for anti-competitive trade practices. According to a White House statement, the USTR is looking into China for “acts, policies and practices” that reduced or eliminated competition in the marketplace for semiconductors.The probe is being conducted through Section 301 of the US Trade Act of 1974 to examine trade practices for “foundational” semiconductors that are used by the automotive, healthcare, infrastructure, aerospace and defense industries. The White House accused China on Monday of “routinely” engaging in “non-market policies and practices, as well as industrial…

The team behind the memecoin HAWK, tied to internet celebrity Haliey “Hawk Tuah Girl” Welch, has been sued by a group of investors for alleged violations of securities laws. TheBlock reports that a lawsuit filed in a District Court of New York last week alleges that the memecoin HAWK, which gained popularity due to its association with viral internet personality Haliey “Hawk Tuah Girl” Welch, acted as an unregistered security and caused substantial financial damage to cryptocurrency investors. The lawsuit follows a massive drop in coin price that wiped out many people foolish enough to invest in her coin. The complaint,…

Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative Strength Index, or RSI, which measures momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30. Start slideshow: 10 Oversold Stocks You Should Know About » In trading on Monday, shares of Sunoco entered into oversold territory, hitting an RSI reading of 29.9, after changing…

LAS VEGAS, NEVADA – MARCH 23: A general view of the Octagon prior to the UFC Fight Night event at … [+] UFC APEX on March 23, 2024 in Las Vegas, Nevada. (Photo by Chris Unger/Zuffa LLC via Getty Images)Zuffa LLC via Getty Images Ilia Topuria may be the breakout star of 2024 in MMA and the sport’s fighter of the year. We’re about to find out if MMA brilliance runs in his family. Topuria’s brother Aleksandre Topuria is reportedly set to make his UFC debut at UFC 312 on February 9 in Sydney, Australia. Aleksandre has a 5-1 record…

(Bloomberg) — Rupert Murdoch’s News Corp. agreed to sell Foxtel Group to sports platform DAZN Group Ltd. in a deal that values the Australian pay-television and streaming service at A$3.4 billion ($2.1 billion). Most Read from Bloomberg The agreement announced Monday resolves the immediate future of a News Corp. business whose fate had looked uncertain for years. After dominating Australia’s pay-television industry from the late 1990s, Foxtel bled customers to Netflix Inc. and other new-generation rivals. The once-struggling business restored its appeal by adding its own streaming brands including Kayo and Binge. Under the terms of the deal, News Corp.…