Crude oil prices surged to their highest in six weeks due to renewed US-Iran conflicts and attacks on Saudi Aramco facilities, raising concerns over Middle East energy supplies. Brent crude reached $97.73 per barrel, and US West Texas Intermediate hit $93.10. Despite this, an oil expert predicts US gasoline prices could fall in October as refiners switch to cheaper winter blends. However, diesel prices may rise sharply, especially in the Northeast, due to low inventories and increased demand for heating and agriculture. The situation remains fragile, with potential supply shocks looming amid geopolitical tensions and refinery damages in the Middle East and Russia.
The Invesco QQQ Trust ETF charged a steady 0.20% fee for years due to its unit investment trust structure, even as cheaper rivals emerged. This fee only decreased after shareholders approved a reclassification to an open-end fund structure at the end...
The Ethereum Foundation has published ratings for 62 Ethereum Improvement Proposals (EIPs) ahead of the planned Hegotá network upgrade, based on 397 assessments from about 60 protocol experts across nine teams. This evaluation helps prioritize which ...
Malone Lam, a 22-year-old Singaporean, is set for a plea hearing in Washington D.C. over a $245 million Bitcoin theft from August 2024, the largest crypto-asset theft against a single victim in US history. Prosecutors accuse Lam and 17 others of cons...
Ethereum surged 41% in August, rising from $1,820 to $2,567, supported by $1.736 billion inflows into spot ETFs. Recently, ETH has traded in a range near $2,380-$2,530, close to a key April resistance at $2,466, signaling possible distribution. Howev...
EverBank Financial Corp and WaFd, Inc. have agreed to merge, combining their banking operations to form a larger, more profitable institution. The merger will result in WaFd, Inc. being the surviving entity, renamed EverBank Financial Corp, and tradi...
