Category: race
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VP Harris hits fundraising trail amid ongoing calls for Biden to leave race By Reuters
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By Trevor Hunnicutt and Jeff Mason JOINT BASE CAPE COD, Massachusetts/REHOBOTH BEACH, Delaware (Reuters) – U.S. Vice President Kamala Harris will attend a fundraiser in Massachusetts on Saturday as President Joe Biden faces continued pressure from fellow Democrats and major donors to end his struggling campaign. Biden and his top…
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How would the bond and FX markets react to Biden dropping out of the race?
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10-Year US Treasury Yields The bond market is usually the first to figure things out, but even that market is suffering from political turmoil and economic uncertainty right now. Notably, yields on long-term Treasury bonds jumped immediately after the debate on June 28, signaling a Republican sweep along with more…
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Ethereum ETF Race Heats Up As All 8 Issuers Unveil Management Fees
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As the July 23 deadline approaches for the launch of the ETH (European Exchange Traded Fund) spot market, asset management firms have started to a statement Their management fees, indicating imminent approval of the applications by the US Securities and Exchange Commission (SEC). BlackRock’s Fee-Cutting Strategy According to BlackRock’s amended…
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Exclusive-In blow to Biden, Teamsters consider no endorsement in 2024 race By Reuters
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By Trevor Hunnicutt and Garrett Renshaw WASHINGTON (Reuters) – President Joe Biden is on the verge of failing to win a key union endorsement as leaders of the 1.3 million-member Truck Drivers Association consider not backing any candidate at all in the U.S. presidential race, two people familiar with the…
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Biden digs in as Democrats consider forcing him out of presidential race By Reuters
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By Andrea Shalal, Steve Holland, and Jeff Mason MADISON, Wis. (Reuters) – U.S. President Joe Biden sought on Friday to quell an uprising among some Democrats who are pressuring him to abandon his re-election campaign after a poor debate performance, vowing to “stay in the race.” In a fiery speech…
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In race to regain rare earth glory, Europe falls short on mineral goals By Reuters
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Written by Eric Onstad LONDON (Reuters) – Four decades ago, a rare earths processing plant on France’s Atlantic coast was one of the world’s largest, producing materials used to make colour televisions, arc lights and camera lenses. Its current owner Solvay (EBR:) is racing against time to restore its La…
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Reactions: The Bitcoin Zero-Knowledge Arms Race Begins
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In case you missed it, Starkware, a company historically active in the Ethereum ecosystem, Announce Yesterday plans to begin allocating significant resources towards new Bitcoin scaling opportunities that have emerged over the past months. The group, a pioneer in zero-knowledge systems, has revealed plans to leverage OP_CAT in order to…
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Reactions: The Bitcoin Zero-Knowledge Arms Race Begins
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In case you missed it, Starkware, a company historically active in the Ethereum ecosystem, Announce Yesterday plans to begin allocating significant resources towards new Bitcoin scaling opportunities that have emerged over the past months. The group, a pioneer in zero-knowledge systems, has revealed plans to leverage OP_CAT in order to…
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The race between stablecoins and CBDCs
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Alisa DiCaprio from R3, Sian Jones from XReg Consulting, and Ran Goldi from Fireblocks shared their views on the current state and future of CBDCs compared to privately issued stablecoins. In a panel discussion at Money20/20, the three professionals discussed the potential for cooperation or competition between central bank digital…
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Ark Invest exits Ether ETF race, 21Shares rebrands fund
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Cathie Wood’s Ark Investment Management has withdrawn from the race to launch an Ethereum spot trading fund (ETF), with its name removed from the application submitted to 21Shares. 21Shares has filed an updated filing for its ETF, rebranding the fund from the 21Shares Ark Ethereum ETF to the 21Shares Core…
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Electric mobility has ‘won the race’ but Volkswagen hits brakes on EV strategy
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Volkswagen AG’s comprehensive electric vehicle plan no longer exists. VW’s namesake brand, which has made its ID family of electric vehicles a staple of its future, I confess Last week you’ll need more hybrid cars as electric car sales slow. This represents the latest tweak VW has made to its…