Latest Market News
Through the deal, Offchain Labs hopes to build a sustainable future for Ethereum, through greater communication between teams developing on both layers and direct collaborations. 1914 Total views 23 Total shares One of the core development teams behind the Ethereum Merge, Prysmatic Labs, has been acquired by Offchain Labs, the developer of the Ethereum layer-2 […]
Facebook parent company Meta Platforms Inc. META, +2.19% on Thursday filed a motion in federal court to dismiss the Federal Trade Commission’s lawsuit to block Meta’s acquisition of VR company Within. “The FTC’s attempt to fix its ill-conceived complaint still ignores the facts and the law and relies on pure speculation of a hypothetical future […]
Oil futures on Thursday marked their first gain in four sessions, finding support from Energy Information Administration data showing a nearly 5 million barrel weekly decline in distillate supplies, which contributed to concerns about heating-fuel supplies ahead of the winter season. Prices had posted declines for three consecutive sessions amid worries over a potential recession […]
The Dow Jones Industrial Average’s DJIA, +2.75% big rally Thursday is unanimous, as the stocks of all 30 of the blue chip barometer’s components gained ground. The biggest percentage gainers were shares of Walgreens Boots Alliance Inc. WBA, +5.17%, which ran up 5.8% after the drug store and healthcare services company reported better-than-expected earnings, and […]
Gold futures ended Thursday with a modest loss after U.S. data showed a stronger than expected September inflation reading. “Recent gold price movements remain highly correlated to inflation expectations, not current inflation levels,” and Thursday’s consumer price index print increases the odds for continued Federal Reserve tightening, said Tom Hainlin, global investment strategist at U.S. […]
The Energy Information Administration on Thursday reported that U.S. crude inventories rose by 9.9 million barrels for the week ended Oct. 7. On average, analysts forecasted a climb of 2.2 million barrels, according to a poll conducted by S&P Global Commodity Insights. The increase came on the heels of a weekly crude stock decline of […]