On Nov. 6, BlackRock’s iShares Bitcoin Trust (IBIT) achieved an unprecedented trading milestone, with volume spiking to $4.1 billion in a single day – its highest ever. This surge, following Donald Trump’s reelection as President of the United States, signals a potent wave of institutional and potentially retail interest in cryptocurrency ETFs. Don’t Miss: Bloomberg ETF analyst Eric Balchunas noted on X (formerly Twitter) that this massive trading volume exceeded that of established stocks like Berkshire Hathaway, Netflix and Visa, making it an extraordinary day for Bitcoin on the ETF front. To add perspective, many Bitcoin ETFs also saw a…
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Auto safety regulators are currently investigating over 360,000 Ford crossover SUVs following reports of brake system malfunctions. According to the National Highway Traffic Safety Administration (NHTSA), 36 complaints have been filed regarding brake issues in 2015-2017 Ford Edge models, which reportedly fail to stop as expected. The investigation, encompassing around 368,000 affected vehicles, focuses on a rear brake hose defect that could delay the vehicle’s ability to make sudden stops. Although no official recall has been issued, the investigation aims to “determine the scope and severity of the alleged problem and to fully assess the potential safety-related consequences.” Ford has…
The second-generation Mazda CX-5 will celebrate its eighth anniversary next week, having made its debut at the 2016 Los Angeles Auto Show. Consistently one of Mazda’s best-selling vehicles in the United States, the CX-5 has remained a key part of the brand’s lineup. While the CX-50 is often seen as a successor, Mazda has emphasized that the two models cater to different needs. The next-generation CX-5 will be redesigned as part of Mazda’s broader Phase 2 strategy, which focuses on shifting toward electrification between 2025 and 2027. One of the biggest changes for the next CX-5 is the introduction of…
Mazda’s iconic SP concept, a year old vision, is transitioning from dream to reality. This stunning retro futuristic coupe, powered by an electric motor and rotary range extender, is slated for production. Mazda’s design chief, Masashi Nakayama, confirmed the concept’s imminent production. Hints of this exciting news emerged during the concept’s debut at the 2023 Japan Mobility Show, where Mazda’s CEO described it as a symbol of the brand’s future commitment. Nakayama later expressed his desire to see the Iconic SP realized, fueling speculation among enthusiasts. The production confirmation brings us one step closer to making this vision a reality.…
VIENNA (Reuters) – As things currently stand, there is no reason for the European Central Bank not to cut interest rates in December but the decision will be based on the data available then, ECB policymaker Robert Holzmann said in remarks published on Sunday. Last month the ECB cut interest rates for the third time this year and four sources close to the decision told Reuters a fourth cut was likely in December unless data turned around in the coming weeks. “As things look at the moment, it is possible (that there will be a cut in December). There is…
In October 2022, a 71-year-old cyclist named William Hoesch was injured when he was struck by an ambulance making a turn in Rainier, a town in Columbia County, Oregon. The ambulance, driven by an employee of Columbia River Fire & Rescue, collided with Hoesch’s bicycle at a low speed, estimated between 2 and 10 mph. The impact was severe enough to crush Hoesch’s bike under the ambulance’s wheels. This accident set off a chain of events that ultimately led Hoesch to file a lawsuit against Columbia River Fire & Rescue, alleging negligence and seeking compensation. Following the collision, the ambulance…
The week was abuzz with major developments in the tech industry. From Amazon.com Inc. AMZN contemplating another massive investment in AI startup Anthropic, to Palantir Technologies Inc. PLTR outlining its unique AI strategy, the tech world was far from quiet. Amazon Eyes Second Multi-Billion-Dollar Investment in Anthropic Following a $4 billion investment last year, Amazon is reportedly considering another significant investment in AI startup Anthropic. The startup, co-founded by former OpenAI executives Dario and Daniela Amodei, utilizes Amazon’s cloud services for training. The e-commerce giant has requested Anthropic to use a substantial number of servers powered by chips developed by…
When evaluating fuel efficiency, the metric we rely on is miles per gallon (MPG), which represents the distance a car can travel on a single gallon of fuel (about 4.5 liters). This MPG range can vary widely, from as little as 11 miles per gallon to impressively high numbers, which you’ll discover below. Generally, diesel vehicles tend to surpass petrol cars in fuel economy because diesel engines consume fuel more sparingly. Most British buyers today, however, favor petrol and hybrid cars, so we’ll cover the top-performing models from both types, starting with petrol options. It’s essential to note that a…
(Corrects paragraph 5 to reflect there were two earthquakes) By Dave Sherwood HAVANA (Reuters) -A 6.8 magnitude earthquake rocked eastern Cuba on Sunday, according to the U.S. Geological Survey, shaking buildings in Santiago de Cuba, the island’s second-largest city, and the surrounding countryside. The quake struck Cuba’s southeastern coast in Granma province near the municipality of Bartolome Maso, the home of former Cuban leader Fidel Castro’s headquarters during the Cuban Revolution. Reuters spoke with several residents in the area who reported the quake felt as strong as any in their lifetimes. Homes and buildings shook violently, they said, and dishes…
For investors looking past the initial risk-on rally in US equities following Donald Trump’s decisive election victory, now comes the hard part. The Republican president-elect made plenty of campaign promises: steep tariffs, tax cuts, business-friendly deregulation and tighter immigration laws, to name some. For investors who plowed into stocks last week on speculation Trump’s policies will bolster the economy, the challenge is to figure out which sectors will get a lasting boost. Source link