Energy

JPMorgan Oil Team Abandons Iran War Forecast as Redlines Fall

JPMorgan’s commodities team says it no longer has a baseline view for oil as the Iran war blows past its economic redlines, with Brent near $105 and diesel at record highs.

AI

Jensen Huang: Develop AI ‘As Fast As We Can,’ Rejects Slowdown Calls

Nvidia CEO Jensen Huang told CBS News that AI should be built as fast as possible, rejecting calls from Anthropic and others to slow frontier development.

Macro

Bessent Raises Treasury Buyback Size Again to Cap Long-End Yields

Treasury Secretary Scott Bessent has raised the bond buyback size again, extending an unusual push to cap long-end yields. Here is what traders should watch across TLT, TLH and rate-sensitive names.

Energy

US Diesel Hits Record $6.50 a Gallon as Fuel Crunch Deepens

US diesel prices hit an all-time high above $6.50 per gallon, per AAA, up nearly $1 in four weeks as war with Iran and Strait of Hormuz disruptions tighten global fuel supply.

Politics

Networks Suspend White House TV Pool After Trump Bans CNN, MS NOW, Politico

ABC, CBS, NBC, Fox News and CNN suspended White House TV pool coverage of President Trump after the administration blocked CNN from its assigned rotation, as CNN, Politico and MS NOW sue over the ban.

Energy

Trump Calls Rising Gas Prices ‘Inexpensive Price to Pay’ for Iran War

Trump called surging gas prices an ‘inexpensive price to pay’ for the Iran war as the national average hit $4.48. Analysts say they can’t model the endgame.

Energy

GOP Weighs U.S. Diesel Export Ban as Prices Hit Record $6.51

Republican lawmakers including Sen. Chuck Grassley and Rep. Tim Burchett are pushing for a U.S. diesel export ban as pump prices hit a record $6.51 per gallon. Refiners and integrated energy names are in focus.

Markets

GLP-1 makers Novo Nordisk, Eli Lilly hit with vision loss lawsuits

Novo Nordisk and Eli Lilly face dozens of lawsuits alleging Ozempic, Wegovy and Zepbound caused NAION, a rare and often permanent form of vision loss.

Geopolitics

Bessent: All Iranian Airlines to Be Shut Down Worldwide on Sept. 23

Treasury Secretary Scott Bessent said all Iranian airlines will be shut down worldwide on Sept. 23 as US secondary sanctions target fuel, landing, and ticketing services for any foreign firm still serving Iran’s carriers.

Real Estate

US Home Sellers Outnumber Buyers by Record 563,000: Redfin

Redfin says US home sellers outnumbered buyers by a record 58% in August 2026, roughly 563,000 more listings than active buyers. Sun Belt metros lead the imbalance as builders keep adding supply into a stalled demand backdrop.

Macro

Job Market Flips: Non-College Young Workers Beat Grads on Unemployment

Per WSJ and a Burning Glass Institute analysis, unemployment for younger non-college workers is near two-decade lows, while college grads face one of their worst job markets, partly due to AI eating entry-level roles.

Tech

WSJ: A computer-science degree is no longer a golden ticket

The WSJ says a computer-science degree is no longer a golden ticket, as AI, tighter hiring, and a flood of new grads reshape the tech job market.

Commodities

FT: Copper Facing Major Supply Shortfall Starting 2027

The FT reports a big shortfall in copper supply is expected from 2027, with Citi, Deutsche Bank and JPMorgan warning of a structural deficit. Miners like FCX, SCCO, BHP and RIO are in focus.

AI

OpenAI Projects $278B Cash Burn Through 2030, FT Reports

OpenAI projects $278B in negative free cash flow from 2026-2030 as compute spending balloons to $856B, per FT. Revenue is forecast to grow tenfold to $350B by 2030, but burn stays deep.

Real Estate

US Home Sellers Hit 6-Year High as Buyer's Market Deepens: Redfin

Redfin data shows US home sellers hit a 6-year high in August 2026, outnumbering buyers by 58% as concessions reach nearly half of all sales and mortgage rates push toward 7%.

Macro

Households Cut Spending as Inflation Outpaces Wages: CNBC

US households are cutting back on spending and shifting toward discount and warehouse retailers as August inflation ran 3.4% versus 3.1% wage growth, per CNBC.

Politics

Lutnick’s Net Worth Doubles to Over $7B Since Joining Trump Cabinet

Commerce Secretary Howard Lutnick’s net worth has doubled to about $7.3 billion since joining Trump’s Cabinet, per Forbes, driven mostly by Cantor Fitzgerald’s indirect Tether exposure.

Geopolitics

Pentagon Probe: AI Overreliance, Stale Intel Led to Iran School Strike

A Pentagon probe found outdated intel and overreliance on Palantir's Maven AI system contributed to the Feb. 28 U.S. Tomahawk strike on a Minab elementary school that killed 123 children.

Macro

Social Security Trust Fund Projected to Run Dry by 2032

The Social Security OASI trust fund is now projected to be depleted in the fourth quarter of 2032, one quarter earlier than last year's estimate, setting up a 22% benefit cut unless Congress acts.

Geopolitics

US Warns Americans in 9 Mideast Countries as Saudi-Houthi Fight May ‘Escalate Rapidly’

The US State Department urged Americans in nine Middle East countries to exercise heightened caution, warning that Houthi-Saudi fighting could escalate rapidly and disrupt travel, shipping, and energy flows.

Politics

FBI Warns of ‘Tradwife’ Catfish Scheme Targeting ICE Agents

An FBI Chicago memo warned that women posing as ‘tradwives’ on dating apps are allegedly luring and doxxing ICE officers, though the bureau offered little evidence and critics called the alert thinly sourced.

Macro

Non-college workers see best job market in years as grads struggle

The Wall Street Journal reports Americans without college degrees are having one of the best job markets in years, while young grads face rising unemployment as AI eats entry-level work.

Geopolitics

Pentagon undercounting US troop deaths in Iran war, per WaPo

The Washington Post reports the Pentagon has undercounted US service member deaths in the Iran war, with officials citing at least 22 fatalities versus the 18 in the public DCAS database.

Politics

Trump Says He's Banning CNN, MS NOW and Politico From White House

Trump says he is banning CNN, MS NOW and Politico from the White House over coverage he calls fake news, teeing up another First Amendment fight and putting media parent stocks on watch.

Geopolitics

Putin Preparing to Escalate Ukraine War, Target European Allies

Western intelligence says Putin is preparing a stealth mobilisation and intensified hybrid attacks on Ukraine’s European allies, with France and Poland already sounding the alarm on sabotage and missile risk.