The removal of Macklemore from an Ed Sheeran tour after a pro-Palestine speech, as Mu noted, is the latest signal that moral clarity on Gaza carries professional risk. That dynamic is playing out against a backdrop of escalating military conflict in the region: oil extended gains on Tuesday after Houthi strikes on Saudi Arabia and Iranian attacks on Gulf shipping, while the US government tallied the cost of its war with Iran at $33.4 billion, with hundreds of buildings and aircraft damaged. The US Department of Justice also filed a civil forfeiture complaint seeking $61 million in what it calls Iran’s crypto-laundered oil proceeds.
The convergence of rising oil prices and climbing bond yields—the 10-year Treasury breached 5% for the first time since 2007—has pushed their correlation to its strongest in seven years, a classic recipe for equity market pressure. Stock futures slipped, Bitcoin fell to $77,800 as the Senate nears a vote on the Clarity Act, and the Fed is widely expected to hike rates this week. Meanwhile, AI remains a political lightning rod: President Trump phoned Nvidia CEO Jensen Huang at a live event, calling AI safety fears “a hoax”, despite warnings from Anthropic’s co-founder about the need for a mandatory “kill switch.”
Elsewhere, China’s retail sales missed forecasts and its investment slump deepened, while Beijing tightened exit controls on wealthy citizens and tech talent. In Nigeria, Aliko Dangote’s refinery listing could boost the stock exchange by 35%. And at the Emmys, Welsh actor Matthew Rhys made history with a double win, while Jean Smart became the first to win lead comedy actress for every season of Hacks.
References
- U.S. DOJ seeks $61 million in what it calls Iran’s crypto-laundered black market oil sales
- Solana transactions just got more than 3 times bigger, giving an edge over Ethereum
- Democrats send counteroffer to Republicans over Clarity Act provisions
- U.S. House panel shares crypto tax bill ahead of hearing later this week
- Bitcoin slips to $77,800 as Senate Clarity Act vote nears and oil prices climb
- Even if Clarity fails, Wall Street’s crypto push is unlikely to stop
- SEC’s Atkins backs Clarity Act but says agency will keep pushing crypto rules without it
- U.S. Senator Lummis says Democrats won’t quit asking for more on crypto Clarity Act
- Robinhood plans share redemptions, voting rights for stock tokens, after criticism
- Trump’s $800 million stake into World Liberty Financial’s token now has a timeline to becoming sellable
- iOS 27, iPadOS 27, and macOS 27
- 4,400-Year-Old Tomb of Egyptian Judge Found at Saqqara with Colors on Walls
- Pion, an agent designed to run any company autonomously
- Charts built for Chat
- Every invoice in Brazil’s economy runs on SOAP 1.2. We mapped it all
- Dropping eBPF CPU Cost by About 90% with Memoization (Not AI Gen)
- Show HN: Macros with a Behringer FCB1010 MIDI Pedalboard in macOS
- XCancel service is suspended until further notice
- OpenAI bots knew about the RubyGems caching vulnerability
- Compressing a Flag to 11 Bits
- 10-year Treasury yield rises to highest since 2007 as Fed rate-hike expectations rise
- Weapon shortfalls, ‘hundreds’ of buildings and aircraft damaged, $33.4 billion spent: the U.S. government tallies costs of the Iran war
- Trump goes scorched earth on AI warnings, raging about data center opposition and regulation
- Stock futures slip as 10-year Treasury yield breaches 5% mark: Live updates
- Oil extends gains following Houthi strikes on Saudi Arabia
- Oil and Treasury yields haven’t moved this closely in seven years. That’s bad news for markets
- Counting the votes: Warsh faces a tough battle as the Fed girds for expected interest rate hike
- The 10-year Treasury yield just hit 5%. How income investors can profit
- Wealthy Chinese, tech talent confront tighter borders as Beijing widens exit controls
- China’s August retail sales miss forecast while investment slump deepens, piling pressure on Beijing