A top White House official says the world needs to understand how and when the U.S. will weaponize its economic might in global conflict — and offered a sneak peek of what such a doctrine might look like if President Biden wins another term.
Why it matters: Global policymakers warn we may be in the most fragile era in decades, with persistent conflict among world superpowers. There is already evidence that these battles will be waged with economic tools that could spill out across the globe.
VanEck would be the first to launch a spot ether exchange-traded fundif the SEC stopped treating crypto ETF launches like special events, handling them like any other.
Catch up quick: Pressure's on. Ether ETFs received listing approval Thursday. Meanwhile, would-be issuers are moving into the second half of the regulatory process, with nine shops getting ready to launch.
Why it matters: In ETF-land, the first-mover advantage is real. But that hasn't always applied to folks gunning for that superlative in digital assets — and for shops like VanEck, a traditional finance (TradFi) asset manager that was early to embrace digital assets, it appears unfair.
Nissan issued a "Do Not Drive" warning Wednesday for roughly 84,000 older vehicles that have recalled and unrepaired Takata air bags, the National Highway Traffic Safety Administration said.
Why it matters: The warning is for certain 2002-2006 Nissan Sentra, 2002-2004 Nissan Pathfinder and 2002-2003 Infiniti QX4 vehicles that have open Takata air bag recalls.
The Federal Reserve Bank of Cleveland's next president will be Beth M. Hammack, a former longtime executive at Goldman Sachs, the bank said Wednesday.
Driving the news: Hammack replaces Loretta Mester, who faces mandatory retirement at the end of June, at the helm of one of the 12 reserve banks around the U.S. that help set and implement monetary policy.
Addressing the roots of Black economic inequality has the potential to unlock as much as $1 trillion per year in domestic U.S. economic growth, according to a new study by the Black Economic Alliance Foundation.
Why it matters: The study arrives at a time when public and corporate commitments to diversity-based initiatives — many of which were a response to the turmoil of 2020 — are being questioned or seemingly in full retreat.
Ether ETFs might be extra good for investors who place long bets another way — by staking the token to validate the Ethereum chain.
Why it matters: Staking services, a way to get yield on ether, are not part of any of the proposed ETF funds, which many industry participants say will improve returns for those staking on chain.
Between the lines: It wasn't just seeing two dudes from Crypto Twitter punch each other.
The business model of the fighting league they were playing under was also interesting.
How it works: Karate Combat is something of a competitor to the UFC. It's a league for one-on-one mixed martial arts fights. It has also innovated something they call "Up Only Gaming."
They have a token: KARATE. If you join their app, they will give you a little.
Economists are debating how AI might reshape the U.S. job market and boost productivity growth in the decades ahead. But a new paper finds that such benefits will be harder to match across the Atlantic.
Why it matters: The result might be a widening divide in innovation and economic outcomes between the U.S. and continental Europe.
Parents locked into strict school boundaries and forced to send their children to subpar schools have developed clandestine networks to circumvent what they view as "unfair" local laws to get them into better ones.
Why it matters: Rigid school boundaries often reinforce racial and economic segregation, experts say, and these parents believe they are simply going around unjust laws that foster inequality.
