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A proposed ballot measure on voter ID, popular with Republican voters, could help drive turnout, he added. Hilton has said that he has not seen evidence of voter fraud in the state, but has called for electoral reform, including ending the practice of mailing ballots to California’s 23 million registered voters – a practise that largely causes the state’s slow ballot count. Source link
Luxury stocks saw a sharp uptick after a proposed Iran-U.S. deal outlined a reopening of the Strait of Hormuz and lifting of U.S. oil sanctions, according to Iran state media on Friday.Shares of LVMH, Gucci-owner Kering, and Hermes were up about 5%. Swiss group Richemont rose about 3.4% while the pan-European Stoxx 600 index rose 1.8%.Luxury stocks across the board have been hard hit by the Iran war, as the Middle East was a fast-growing market for the otherwise largely muted sector. The war broke out in late February, just as the sector had begun to show signs of recovery after…
After record IPO, Musk’s SpaceX faces next test in market debut Source link
Coinbase on Thursday launched a new tool that gives AI agents the ability to trade and transact directly on users’ behalf, representing a broader bet that AI agents will become a primary interface for people’s financial activity.Coinbase for Agents will initially allow agents like ChatGPT or Claude to execute crypto trades using natural language instructions. For example, customers can prompt their agent to rebalance portfolios, identify trading opportunities, execute strategies and manage positions over time. It will eventually expand these capabilities to stocks and predictions.Additionally, using Coinbase’s machine-to-machine payments protocol, called x402, agents can pay directly for digital services like…
The draft version of the Iran-U.S. memorandum of understanding includes a commitment from the U.S. to lift oil sanctions and a commitment from Iran to reopen the Strait of Hormuz within 30 days, Iranian state media reported Friday.The 14-point document dictates that final negotiations will not begin until the release of half of Iran’s frozen funds, the suspension of Iran’s oil sanctions, and the lifting of the naval blockade, the Mehr News Agency reported.All American forces would need to withdraw from Iran, and the U.S. and its allies, would need to present reconstruction plans for Iran worth at least $300…
Commercial ship traffic through the Strait of Hormuz should quickly increase if the U.S. and Iran reach a stable agreement that improves security in the strategic sea lane, the CEO of a leading oil tanker company told CNBC.”I’m actually very optimistic the minute the tide turns and the U.S. and Iran have found some sort of agreement, at least not to attack shipping, that those transits are going to resume pretty quickly,” said Lars Barstad, CEO of the publicly traded tanker company Frontline, in an interview this week. Headquartered in Cyprus, Frontline has a fleet of 80 vessels that transport…
European stocks rally as oil falls on hopes for US-Iran deal Source link
SpaceX founder Elon Musk addresses members of the media during a press conference announcing new developments of the Crew Dragon reusable spacecraft, at SpaceX headquarters in Hawthorne, California on October 10, 2019. Philip Pacheco | Afp | Getty ImagesAs he gears up to take SpaceX public in the largest IPO on record, CEO Elon Musk on Thursday spoke to employees of ASML, Europe’s most valuable company, underscoring the importance of chip manufacturing to his two main businesses.As the sole provider of a crucial advanced chipmaking machine, ASML will be a likely supplier for Musk’s massive chip fabrication plant in Texas…
The contraction in April comes after the economy saw stronger than expected growth in March. Source link
Gold bars are displayed in a photo illustration, reflecting recent movements in gold prices driven by inflation concerns and central bank policy outlooks in Brussels, Belgium, on December 23, 2025. (Photo by Jonathan Raa/NurPhoto via Getty Images)Nurphoto | Nurphoto | Getty ImagesGold fell to a fresh six-month low on Thursday as investors dump the once-hot trade on growing concern that higher inflation will force the Federal Reserve into possibly raising rates later this year, or at least keep them steady.But there are also other factors at play.August gold futures touched $4,046.20 an ounce on Thursday, their lowest level since November.…