Author: MNK News
Business network concept. Business meeting. Marketing.getty Trump 2.0 will feature Wall Street-approved suit Scott Bessent as Treasury secretary. Bessent will advocate for financial deregulation and increased lending. Easier and faster money. Which will be a boon for private equity (PE) firms and business development companies (BDCs). Today we’ll discuss seven BDCs yielding between 11.1% and 14.2%. They operate like PE shops—both will benefit from a friendly deal-making environment. For our income investing purposes, we pick BDCs because it is easier to buy them. We can buy BDCs individually as we would any stock. And BDCs can avoid taxes at the…
In the 1950s, it became clearer than ever that energy was the key to economic growth and higher standards of living. Determined to secure abundant supplies of affordable coal, gas and oil, governments intervened in the free market. Fossil fuel subsidies transformed many lives, including mine. My parents raised me and my six siblings in a house with one cold water tap and one toilet. Our home in the Dutch town of Hillegom had city gas, produced from coal, which fired a two-pit stove. To access the gas, we had to put a dime in a meter behind our front…
Hackers behind a cyberattack that targeted Rhode Island’s public benefits system were able to get the sensitive data — including Social Security numbers and some banking information — of hundreds of thousands of people, and they have threatened to release it as soon as this week if they aren’t paid a ransom, Rhode Island governor Dan McKee said in a press conference on Saturday night. The Rhode Island government opened a toll-free hotline on Sunday (833-918-6603) to provide information on the breach and how residents can protect themselves, but you won’t be able to find out for sure if your…
The Georgia Bulldogs have had quite the year. They’ve suffered the most regular season losses since 2020, and yet the Bulldogs obtained the No. 2 seed in the College Football Playoff after winning the SEC championship against Texas. It has been an up-and-down year for the Bulldogs, with stud performers and underachievers littered around the roster. Pro Football Focus released their grades after the SEC championship, meaning the 2024 grades are out for the Georgia Bulldogs. HIGHEST AND LOWEST PFF GRADES from the 2024 georgia bulldogs *mimimum 6 games Offense Trevor Etienne (1), Brett Davis-Imagn Images Best Grades Running Back…
Andrew Harnik / Getty Images Federal Reserve Chairman Jerome Powell The Federal Reserve will announce a decision on interest-rate cuts this week, with investors anticipating that the central bank will again lower borrowing costs. Remarks from Fed Chair Jerome Powell on Wednesday will give further insight into the future path of interest rates and the economy. Investors will also be watching for reports on inflation, retail sales, GDP, home sales, and consumer confidence. Earnings reports are scheduled from chipmaker Micron Technology, apparel seller Nike, and package delivery service FedEx. The Federal Reserve will announce its latest decision on interest rates when…
Helium, the biggest player in Decentralized Public Infrastructure, rose for three consecutive days. Helium (HNT) jumped to the crucial resistance level at $9.520 on Sunday, Dec. 15 as the recent rally gained steam. It has soared by 228% from its August lows, pushing its valuation to $1.6 billion. Helium’s rally happened as data from the futures market showed that open interest was in a strong uptrend. According to CoinGlass, the interest rose to over $11 million on Sunday, up from last week’s low of $9.35 million. Most of this interest was in Bitget and OKX. Helium open interest Open interest…
Silicon Valley legend Marc Andreessen, the general partner of Andreessen Horowitz, says he attended “absolutely horrifying” meetings where President Joe Biden’s government vowed to take “complete control” over AI technology. “We had meetings in D.C. in May where we talked to them about this, and the meetings were absolutely horrifying, and we came out basically deciding we had to endorse Trump,” Andreessen said during a recent episode of the Honestly with Bari Weiss podcast. Watch Below: After being asked to elaborate on these meetings, Andreessen replied, “They said, ‘Look, AI is a technology basically that the government is going to completely control.’” These…
Haley Jones, Atlanta Dream.The Players’ Tribune The advancements in modern technology and all the different mediums that people can consume content from have led to a beautiful thing: fans of sports can now get direct insights from the players involved in them. A pioneer in this movement has been The Players’ Tribune — a media company founded by Derek Jeter with the goal of giving athletes a platform to express themselves. With podcasts like “Knuckleheads” (with Quentin Richardson and Darius Miles), “Truss Levelz” (with Mark Ingram and Cam Jordan), and “Blindsided” (with Corey Hirsch), The Players’ Tribune is no stranger…
David Paul Morris / Bloomberg via Getty Images Micron Technology is set to report earnings after the market closes Wednesday. All but one of the analysts who follow Micron and are tracked by Visible Alpha have a “buy” or equivalent rating for the chipmaker. Analysts expect Micron to swing to a profit and post revenue growth of 84% year-over-year. Micron Technology (MU) is set to report fiscal 2025 first-quarter earnings after the market closes Wednesday, with analysts overwhelmingly bullish on the chipmaker’s stock. All but one of the 15 analysts who follow the company and are tracked by Visible Alpha…
The Magic Mouse has gone a long time without any major changes to its design beyond things like dropping the AA batteries and gaining a USB-C port, but Apple is now reportedly planning an overhaul. In the Power On newsletter, Mark Gurman reports that Apple has started working on prototypes for a more modern version of the Magic Mouse, which was first released way back in 2009.While some users have loved the Magic Mouse for its gesture controls, other aspects like its nonergonomic design and its underside charging port have been the subject of complaints for years. We don’t know…