Author: MNK News

It can be challenging for us humans to wrap our brains around really massive numbers. Even the scale of a million or billion is pretty hard for most people to really comprehend. So prepare yourself to think big, because scientists have recorded the largest and most distant black hole flare to date, and the numbers around it are pretty staggering.The event occurred at an active galactic nucleus, also known as an accreting or feeding black hole, that they predict is 500 million times more massive than our sun and is located 10 billion light years away. The researchers suspect that…

Michael Burry, the hedge fund manager who famously bet against the US housing market in 2008, and was portrayed by Christian Bale in 2015’s The Big Short, has disclosed bearish wagers on Nvidia and Palantir Technologies, based on his belief that the economy is in an AI bubble. Bloomberg reports that in a series of 13F regulatory filings released on Monday, Michael Burry’s Scion Asset Management revealed that it had bought put options on Nvidia and Palantir, indicating a bearish stance on the two companies. The disclosures came just days after Burry posted a cryptic warning to retail investors about market…

Bitcoin might be currently trending downwards, but a full fundamental breakdown shows it is ready to return to $120,000, and it is only a matter of time.  According to an extensive fundamental analysis shared by Mr. Wall Street on X, the recent months of price stagnation and sudden drops are part of a larger accumulation phase dominated by institutional players. The overall setup, he argued, points clearly to Bitcoin’s eventual climb back above $120,000. Institutional Accumulation And Controlled Bitcoin Price Range The analyst’s first point is how Bitcoin has been trading within a 120-day range, oscillating between $107,000 and $123,000…

The bank behind the world’s largest sovereign wealth fund has dealt a blow to Elon Musk’s proposed $1 trillion compensation plan at Tesla. Norway’s sovereign wealth fund, the sixth-largest Tesla shareholder, is the first major shareholder to publicly vote against Musk’s massive pay package. The Wall Street Journal reports that Norway’s sovereign wealth fund, managed by Norges Bank Investment Management, has voted against Tesla CEO Elon Musk’s proposed $1 trillion pay package ahead of the electric vehicle company’s annual shareholder meeting scheduled for Thursday. The fund, which oversees $2 trillion in assets and is Tesla’s sixth-largest institutional investor with a 1.2 percent stake, expressed…

The New York City mayor’s race pitting Zohran Mamdani against Andrew Cuomo will determine whether the city elects its first Muslim mayor and its youngest leader in generations or offers a comeback for a longtime politician who resigned as governor four years ago in disgrace.As of 3 p.m. ET, nearly 1.5 million people had voted in New York City’s mayoral election, according to the city’s Board of Elections, with turnout already surpassing the total votes cast in any NYC mayoral election in the past 20 years.Other top races in Tuesday’s election include a pair of races for governor in New…

In the dynamic and often opaque world of Bitcoin trading, institutional traders are operating with a fundamentally different playbook. These players are actively hunting for low-volume areas and under-traded levels, seeing them as strategic advantages for maximizing profit. Why Institutions Avoid The Crowd And Target The Gaps Bitcoin’s institutional traders and big players are actively hunting low-volume areas. These zones are thinly traded areas, which shows that there are fewer resting orders, making it easier to fill massive positions with less slippage. In an X post, a crypto analyst known as Killa has stated that throughout this entire rally, players…

NEW YORK – Bitcoin has been falling again – but this time, it’s not leverage breaking the market.The original cryptocurrency fell as much as 7.4 per cent on Oct 4 to dip below the US$100,000 mark for the first time since June. That’s down more than 20 per cent from a record high reached a month ago. Bitcoin pared losses on Nov 5 in Asia, but is still struggling for a sure footing. Unlike the cascading wipeouts that triggered the October crash, the current slide has been led by a steady drumbeat of selling in the spot market. That marks a…

The HVLP gym brand’s investment in group training, new equipment and enhanced amenities signals how low-price gyms are changing what “affordable” looks and feels like Vasa Fitness is putting $30 million toward a sweeping upgrade of its 64 gyms, signaling how the high-value, low-price (HVLP) segment continues to evolve in the age of Gen Z. The Colorado-based chain has dubbed it a “mall of fitness” model: premium big-box amenities and boutique-style studio classes under one roof. Vasa announced that the investment will be completed by the end of Q1 2026, bringing expanded boutique-style programming, new equipment and enhanced amenities to the majority of its clubs in…

Amazon has sent a cease-and-desist letter to Perplexity that demands that the AI startup prevents its Comet browser from making purchases on Amazon, Bloomberg reports. In a blog post responding to Amazon’s letter, Perplexity claims Amazon is “bullying” the company and that its demands pose “a threat to all internet users.”In Amazon’s eyes, Comet’s agent violates its terms of service, degrades the Amazon shopping experience and introduces privacy vulnerabilities, Bloomberg writes. Amazon’s “Conditions of Use” for Amazon.com specifically prohibit “any downloading, copying, or other use of account information for the benefit of any third party” and “any use of data…

Coca-Cola, a subsidiary of the multi-billion dollar conglomerate Berkshire Hathaway, recently boasted of using fewer people to create an AI-generated Christmas commercial. Similar to last year’s AI-generated ad, the controversial spot, produced by the Los Angeles-based AI studio Secret Level, serves as an homage to the company’s 1995 “The Holidays are Coming” coming commercial, featuring AI-generated animals from around the world celebrating as the famous Coca-Cola trucks roll through town. The ad ends with an AI-generated Santa Claus smiling and waving at the camera. Take a look: Social media users have responded negatively to the ad, condemning it as “AI…