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Israeli Finance Minister Bezalel Smotrich: I'm putting an end to the idea of a Palestinian state by strengthening our presence—with the approval of the Americans, the Prime Minister, and Cabinet decisions. We've established 103 communities, 160 farms, legalized about one million dunams of land, all with legal authority. That's what drives people crazy—not the other things. I'm investing billions, building roads, advancing land registration, and changing the reality on the ground.
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Jefferies raises its target price on H&M to SEK 160 from SEK 154.
Five years ago today, an ISIS-K suicide bomber attacked Abbey Gate during the evacuation from Kabul, murdering 13 American service members and approximately 160 Afghan civilians. We remember our fallen 13: Staff Sgt. Darin T. Hoover, USMC Sgt. Johanny Rosario Pichardo, USMC Sgt. Nicole L. Gee, USMC Cpl. Hunter Lopez, USMC Cpl. Daegan W. Page, USMC Cpl. Humberto A. Sanchez, USMC Lance Cpl. David L. Espinoza, USMC Lance Cpl. Jared M. Schmitz, USMC Lance Cpl. Rylee J. McCollum, USMC Lance Cpl. Dylan R. Merola, USMC Lance Cpl. Kareem M. Nikoui, USMC Hospital Corpsman 3rd Class Maxton W. Soviak, USN Staff Sgt. Ryan C. Knauss, U.S. Army America must always remember the names of these heroes. But remembrance also demands accountability. Last year, under President Trump’s leadership, this FBI—working alongside DOJ, CIA, and our international partners—apprehended and brought back Mohammad Sharifullah, an ISIS-K operative and key player in the attack. A federal jury has since convicted him of participating in a nine-year conspiracy to provide material support to ISIS-K. Five years later, our promise remains unchanged: We will remember the fallen. We will stand with their families. We will hunt those responsible—no matter where they hide or how long it takes. -DKP 🇺🇸
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Japan has spent more defending its currency this year than at any point in its history. It just lost the level again. USDJPY moved nearly 1% in minutes during US hours today. From above 160 down to the 158.70s. Lowest since August 24. Currencies that size don’t do that on their own… If it was Japan, that’s the Ministry of Finance, not the BOJ. And we won’t know until month-end data. They’ve already tried twice this year. ¥11.73 trillion across April and May. Roughly $73 billion, defending this exact level. Nearly DOUBLE the largest intervention in Japanese history. Then a joint operation with the US in late July. The yen has given back more than half those gains since. The problem is the rate gap. Japan is at 1%. The Fed is at 3.50-3.75% with a 70% chance of a hike this month. You can’t intervene your way out of that. You can only slow it down. Which is why Bessent has been pushing Ueda to hike instead. BOJ meets September 17-18. That’s the one that actually matters. If you want to know where I’m deploying capital, turn notifications on. A lot of people will regret not doing it.
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Lately every other headline is some “expert” warning oil’s about to rip to $150. I got curious and went and tested it. Pulled the inventory, flow and freight data and checked whether any of it backs the call. Short version: the risk is real, but $150 is the wrong thing to root for. Oil’s elevated and staying there. Crude’s genuinely stressed, Hormuz still isn’t normal, the buffer’s wearing thin, US crude drew 7 weeks straight and the market’s already leaned hard on SPR releases. The squeeze window is late June into July. So the tail is real. But $100-120 is the level I respect, call it 60% over six months. $150 plus is one in four, and only if the buffer truly snaps. Brent’s around $90 right now while the US and Iran trade fire and float a Hormuz reopening deal that could land this weekend. Even at the peak of the panic this spring, physical Brent never even made it to $150. Nobody’s betting $150 next week. Me neither. And if that deal lands, this cools off faster, not slower. The setup I actually want is dull. Brent grinding between $100-120 with a slow, messy normalization is the zone where the people who move oil get paid, cargoes shoved onto long routes, ships busy, system inefficient, demand still intact. Push it to $150 and hold it there and you kill that. Runs get cut, demand caves, less to ship, and high oil flips to bad-for-freight. The moonshot eats the trade everyone thinks it creates. And the tankers already agree. If the shock were here, freight would be printing. It’s dead. Rates 50-80% under stress, MR Atlantic at $35k against an $80k median, boats everywhere with nothing to haul. When those rates crawl back toward stress, that’s the tell. Not yet. So instead of playing (or praying lol) for the $150-160, I’m personally watching the $100-120 grind, because that’s where it pays.
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The CoinDesk 20 is currently trading at 2210.86, up 2.5% (+53.36) since 4 p.m. ET on Tuesday. All 20 assets are trading higher. Leaders: $NEAR (+16.0%) and $ICP (+10.4%). Laggards: $BTC (+0.9%) and $ETH (+1.5%).
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Temi - Keivo is my priority now 🙆🏾‍♀️🙆🏾‍♀️🙆🏾‍♀️ Has she forgotten the 160m ? #Bbnaija# #BbnaijaS11#