News

Sep 18
Flashbots build over 82% relay blocks, adding to Ethereum centralization

BitMEX, too, highlighted the need for a complete redevelopment of Flashbots or a similar system to mitigate unforeseen complications in an era after the Merge. 1159 Total views 22 Total shares Following the completion of The Merge upgrade, Ethereum (ETH) transitioned into a proof-of-stake (PoS) consensus mechanism, helping the blockchain become energy efficient and secure. […]

Sep 17
U.S. oil futures little changed for session, post a loss for the week

U.S. oil futures gained just a penny on Friday after settling with a nearly 4% loss a day earlier. There’s a lot of uncertainty overseas both on the supply side and on the demand side, said Colin Cieszynski, chief market strategist at SIA Wealth management. For the U.S., however, the most significant fundamental factor is […]

Sep 17
Wix stock rises after activist investor Starboard discloses 9% stake

Wix.com Ltd. WIX, -3.50% shares rose in the extended session Friday following a report that activist investor Starboard Value had built a 9% stake in the company, which was later confirmed. Shares rose 5% after hours, following a 3.5% decline to finish the regular session at $73.69. At first, shares rose following a Reuters report […]

Sep 17
Goldman faces consumer bank inquiry from the U.S. Federal Reserve: Bloomberg

The U.S. Federal Reserve is reviewing Goldman Sachs Group Inc.’s GS, -1.63% consumer-banking business, according to a report Friday by Bloomberg. Citing people familiar with the central bank, Bloomberg reported that the central bank has been questioning Goldman management for several weeks about the business. Goldman Sachs declined to comment, the report said. Goldman Sachs […]

Sep 17
Stocks end lower after FedEx warning, post weekly declines

Stocks fell Friday after FedEx Corp. FDX, -21.40% issued a profit warning that stirred fears of a global recession, but ended the day well off session lows. Major indexes booked large weekly losses as investors looked ahead to next week’s Federal Reserve decision, which is expected to see policy makers deliver another large rate increase […]

Sep 17
Nasdaq Composite heads for biggest weekly drop since January as U.S. stocks trade down Friday

The technology-heavy Nasdaq Composite is heading for its biggest weekly loss since January as U.S. stocks remained down in the final hour of trading Friday. The Nasdaq COMP, -0.90% is on track to lose 5.7% this week, FactSet data show, at last check. That puts it on track for the largest percentage drop since the […]