Latest news with #COT
Newsweek
10 hours ago
- Automotive
- Newsweek
NASCAR Comes Under Fire From Denny Hamlin For Making 'Horrible' Business Decisions
Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. NASCAR Cup Series driver Denny Hamlin has called out the sport for its decisions on the Next Gen car, which is attracting more hate from fans. Hamlin called the horsepower reduction in the current cars a "horrible" business decision by NASCAR after the most recent race at Watkins Glen International, which is said to have irked NASCAR fans. Hamlin made it clear that the current Next Gen car has a "fundamental problem," stating that fans have begun hating it as much as drivers. He likened the current car to the Car of Tomorrow (COT) used between 2007 and 2012, which wasn't famous for being a fan favorite. The 44-year-old driver has stated in the past that the Next Gen car is not ideal for quick overtakes. The car produces 670 horsepower on most tracks, except on superspeedways like Daytona and Talladega, where it is tuned to churn out 510 horsepower. Speaking about the fan hate the Next Gen car has been receiving on his Actions Detrimental podcast, Hamlin said: "I think that we have a fundamental car problem. It is no doubt a problem. Everyone that has ever driven it has said it's a problem. I believe that the Next Gen car is reaching hate levels of the COT (Car of Tomorrow) with the wing. From fans — I think they're starting to dislike this car as much as the drivers that have to drive it." Denny Hamlin, driver of the #11 Progressive Toyota, looks on during qualifying for the NASCAR Cup Series Brickyard 400 Presented by PPG at Indianapolis Motor Speedway on July 26, 2025 in Indianapolis, Indiana. Denny Hamlin, driver of the #11 Progressive Toyota, looks on during qualifying for the NASCAR Cup Series Brickyard 400 Presented by PPG at Indianapolis Motor Speedway on July 26, 2025 in Indianapolis, NASCAR cars were limited to 750 horsepower, but the Next Gen car was introduced with a power drop, which Hamlin thinks was a bad business decision, since it affects the racing spectacle. He added: "We've just steadily progressed our way back and back and back and back and taken horsepower away more and more and more. These are 10th floor decisions and let's just say us drivers are on the third floor. No business is immune to bad decisions. I think that the NASCAR business has made some horrible decisions over the last given amount of time and eventually, it catches up. "You can't just say, 'This is the direction I wanna go.' 'Well, why?' 'Well, this is the direction I wanna go,' and not eventually have to pay for that. You're going to have to pay for your bad decisions at some point. And this could be said for lots of things that have happened in those offices. We'll just see how it goes." Related: Denny Hamlin Points To Major Horsepower Deficit Problem on NASCAR Cars
Business Standard
2 days ago
- Business
- Business Standard
British Pound net speculative shorts at three-year high
Large currency speculators sharply added to their net long positions in the Pound futures market to a near 6-month low, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC). The non-commercial futures contracts of Pound futures, traded by large speculators and hedge funds, totaled a net short position of -33308 contracts in the data reported through August 5, 2025. This was a weekly addition of -21275 net long contracts and pulled net shorts to around three-year high.
Business Standard
04-08-2025
- Business
- Business Standard
Euro speculative net longs edge down slightly
Large currency speculators in the Euro futures market slightly reduced net longs, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC). The non-commercial futures contracts of Euro futures, traded by large speculators and hedge funds, totaled a net long position of 123,359 contracts in the data reported through July 29, 2025, but stayed near a one and half year high. However, this was a weekly decline of 2156 net long contracts.
Business Standard
04-08-2025
- Business
- Business Standard
Pound net speculative longs fall to near 6-month low
Large currency speculators sharply reduced net long positions in the Pound futures market to a near 6-month low, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC). The non-commercial futures contracts of Pound futures, traded by large speculators and hedge funds, totaled a net short position of 12028 contracts in the data reported through July 29, 2025. This was a weekly slump of 11458 net long contracts.
Business Standard
28-07-2025
- Business
- Business Standard
Pound net speculative longs slump to 5-month low
Large currency speculators sharply reduced net long positions in the Pound futures market to a 5-month low, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC). The non-commercial futures contracts of Pound futures, traded by large speculators and hedge funds, totaled a net long position of 570 contracts in the data reported through July 22, 2025. This was a weekly slump of 28621 net long contracts.
