Oil Hits $108 as Middle East Tensions Spark Global Bond Selloff and Inflation Fears
Crude prices surge past $108 amid Middle East conflict fears, triggering a global bond selloff and intensifying bets on imminent Federal Reserve rate hikes.
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US Bond Yields Surge Toward 5% Amid Oil Prices and Rate-Hike Bets
Rising oil prices and expectations of a Federal Reserve rate hike push US Treasury yields toward 5%, overwhelming Treasury Secretary Scott Bessent's buyback efforts.
Bitcoin Bancorp Buys Thousands of Defunct Bitcoin Depot ATMs for $620,000
Bitcoin Bancorp acquires thousands of defunct Bitcoin Depot kiosks for less than $1 million as the broader crypto market faces volatility and ETF outflows.
Polymarket Will the price of Bitcoin be above $84,000 on September 11? 0% −2China Warns Bankers Against Flooding IPO Market With Low-Quality Companies
Regulators urge banks to avoid listing poor firms as Chinese tech giants raise billions for AI ambitions, sparking valuation concerns.
Polymarket Will DeepSeek have the best Chinese AI model at the end of September 2026? 2%Oracle Cloud Sales Beat Estimates as AI Demand Surges
Oracle reports fiscal first-quarter sales rose 30% to $19.3 billion, topping estimates on surging artificial intelligence demand.
US Existing Home Sales Fall to Weakest Pace in Over a Year
Sales of previously occupied homes declined 2% in August to an annualized rate of 3.98 million units, driven by rising mortgage rates and prices despite high inventory levels.
US Treasury Secretary Scott Bessent dares traders to bet against the yen
Scott Bessent warns currency traders that he possesses inside information on Bank of Japan policy while challenging them to test his resolve on strengthening the Japanese yen.
Refiners Seek New Oil Sources as Iran War Disrupts Middle East Supplies
Singapore refiner Aster Chemicals and Energy shifts to Latin America and West Africa, while Uganda prepares to become a new exporter amid ongoing supply disruptions.
Robinhood Expands Prediction Markets With Crypto.com and OG.com Partnerships
Robinhood acquires equity stakes in Crypto.com and OG.com to power its prediction markets business ahead of the NFL season.
ECB Raises Interest Rates to 2.5% Amid Inflation Risks From Iran War
The European Central Bank lifts borrowing costs for the second time since the conflict began, warning that elevated energy prices are fuelling persistent inflation across the eurozone.
Polymarket Bank of England increases interest rates by 25 bps after September 2026 meeting? 5% +1The Boring Company Raises $3 Billion at $23 Billion Valuation in UAE-Led Round
Elon Musk's tunneling startup secures $3 billion from investors including the United Arab Emirates, Sequoia Capital, and Andreessen Horowitz to fund infrastructure projects.
Nasdaq invests $100 million in Kraken parent Payward at $21 billion valuation
The investment expands a strategic partnership to launch tokenized equity infrastructure with a planned debut in the second quarter of 2027.
Polymarket Will Kraken's valuation hit (HIGH) $17.5B by December 31? 36% +26US 30-Year Mortgage Rate Surges Past 7% for First Time in Over a Year
A smaller-than-expected Treasury buyback announcement drives the rate to its highest level in more than a year.
US warns Ford over ties with Chinese firms amid tensions
Transportation Secretary Sean Duffy urges CEO Jim Farley to cut ties with CATL, Geely and BYD due to national security concerns.
Janelle Rodriguez To Exit NBC News After Helping Build Streaming Outlet
Rodriguez leaves the network after overseeing the launch of NBC News Now and a leadership transition at NBC Nightly News.
Hong Kong Pushes Global Expansion Amid Property Boom and Policy Shifts
Hong Kong targets biomedicine growth, attracts foreign investment, and forecasts rising home prices as it unveils its first five-year plan.
Bending Spoons to Acquire Miro for $1.36 Billion in Major Valuation Drop
Italian tech group Bending Spoons agrees to acquire collaboration platform Miro for $1.36 billion, a fraction of its previous peak valuation.
T-Mobile Fiber Offers Limited-Time Deal for Home Internet
The provider offers a limited-time deal starting at $35 per month for 300-Mbps speeds to attract customers ahead of the football season.
Adobe Sales Forecast Misses Estimates Amid AI Fears
The company provides an outlook that narrowly misses analyst estimates, renewing concerns about pressure from artificial intelligence competitors.
US Diesel Futures Top $5 a Gallon as EIA Raises 2027 Price Forecast
Diesel futures surge above $5 a gallon for the first time since 2022 while the EIA raises its 2027 retail price forecast to $4.40 due to tight global supply.
Sports Investors Discuss Capital Deployment at Bloomberg Power Players 2026
Executives from Next 3 and Apollo Sports Capital discuss investment opportunities with Bloomberg at the New York event.
Coinbase CEO Brian Armstrong Says Bitcoin Bottom Has Passed
The company also rebrands its Base app back to Coinbase Wallet and expands support for multiple networks including Robinhood Chain.
Uber exits Nigeria and Uganda amid African ride-hailing challenges
The company leaves two markets while rival inDrive argues the move does not signal a failure of Africa's mobility sector.
LeBron James Partners With Polymarket Amid Backlash Over Celebrity Prediction Market Ads
The NBA star joins prediction market Polymarket, sparking criticism from fans who accuse him of selling out as the industry expands its celebrity campaigns.
China Halts New Battery Factory Construction Amid Capacity Concerns
Beijing suspends new power and energy-storage battery projects pending a year-end industry review.
Stocks Rally on Strong Earnings Despite Rising Interest Rate Risks
Investors are driving market gains amid record corporate profits, even as rising bond yields and political uncertainty create caution.
Bank of America Says Rising Bond Yields Not Yet Threat to AI Trade
The bank argues that equity markets can withstand more severe bond market shocks and that volatility is a better risk guide than Treasury yields.
Anthropic, OpenAI Bankers Push For Top-Tier Credit Ratings Post-IPO
Investment-grade designation would unlock cheaper financing for AI labs and their infrastructure partners.
Polymarket Anthropic IPO before 2027? 90% +2Gold Holds Decline as Inflation and Mideast Tensions Fuel Fed Rate-Hike Bets
Gold steadies near $4,400 while rising oil prices and Middle East hostilities bolster bets for a US interest rate hike next week.
US Imports Record Copper from DRC to Counter China's Grip on Critical Minerals
Washington buys 53,290 tonnes of refined copper in July while seeking to develop processing industries in East Africa and reduce reliance on Beijing.
MoneyGram Launches Stablecoin-Backed Visa Card in Colombia
MoneyGram rolls out its first stablecoin-backed Visa debit card in Colombia, joining rivals like Western Union as Visa’s stablecoin settlement volume surpasses a $20 billion annualized run rate.
SpaceX Signs $1.11 Billion Monthly Compute Deal With New Customer
The company secures a cloud computing rental agreement worth approximately $1.11 billion per month, advancing its path toward a $100 billion revenue milestone.
Polymarket Will SpaceX be the largest company in the world by market cap on December 31? 1%China-US 10-Year Yield Gap Hits Record High on Treasury Surge
The widening gap raises threats of accelerated capital outflows and a weaker yuan.
US Summer Box Office Hits All-Time Record With $4.7 Billion
The US summer box office reaches an all-time high of approximately $4.7 billion, driven by major releases including Spider-Man and films by Christopher Nolan.
SpaceX sues Texas officials to block release of TeraFab tax records
The company seeks a restraining order against Attorney General Ken Paxton and Grimes County to prevent the disclosure of documents related to its TeraFab project.
Windscreen giant Belron explores mega-IPO led by former AB InBev boss Carlos Brito
Autoglass owner Belron is considering a major initial public offering under the leadership of former AB InBev chief executive Carlos Brito.
Novartis Faces Board Shake-up Calls After Trial Failures
Shareholder Artisan Partners urges Novartis to overhaul its board and strategy following two major clinical trial setbacks.
Macy's Shares Fall Despite Strong Sales Beat And Raised Annual Outlook
The retailer raises full-year guidance after a strong second quarter, but shares drop as investors react to weaker third-quarter forecasts.
English winemakers expect vintage year after record heat
Record-breaking summer heat and drought in England boost grape harvests for sparkling wine producers while causing poor barley yields for beer makers.
Saudi Arabia Cuts Oil Output to Lowest Since 1990 Amid Houthi Threats
The kingdom reports crude production has slumped to its lowest level since 1990 due to renewed hostilities squeezing export routes.
Polymarket Will Iran target Saudi Arabia by September 15, 2026? 14% +5