Morning Edition · Tuesday, September 1, 2026
Macro
Japan's 10-Year Bond Yield Reaches 3% After Bessent Presses for Bank of Japan Rate Rises
The yield is roughly double where it stood a year ago, and the government now must finance a debt load built up over three decades of near-zero interest rates at a far higher cost.
Crypto
Bitcoin Holds Above $78,000 as Traders Raise the Odds of a Federal Reserve Rate Increase
Market-implied odds of a September rate rise moved from 35 percent to 60 percent after Chair Kevin Warsh's Jackson Hole remarks, leaving bitcoin flat on the week after a 24 percent gain in August.
Markets
Brent Crude Tops $90 After American Strike on Larak Island and Iranian Retaliation
OPEC and its partners raised September production quotas by 188,000 barrels a day, but the risk premium tied to the Strait of Hormuz, not supply, is setting the price of crude.
Macro
South Korea Funds a Record 821 Trillion Won Budget With Semiconductor Tax Revenue
Seoul raised its 2027 tax revenue estimate to 500 trillion won from 412.1 trillion won, tying the government's spending plans to the profits of two memory chipmakers.
Markets
Shein Falls on Hong Kong Debut at About a Quarter of Its 2022 Private Valuation
The fast-fashion company priced at HK$48.56 and raised about $1.74 billion, valuing it near $26.5 billion against the $100 billion investors assigned it four years ago.
Macro
Australian Home Prices Fall for a Fifth Month as the Reserve Bank Holds Rates High
Prices dropped 0.9 percent in August after a 1.2 percent fall in July, with Sydney and Melbourne about 7 percent below their peaks.
Geopolitics
Russia Strikes Kyiv With Ballistic Missiles as Ukrainian Drones Force Emergency Measures Inside Russia
The death toll in the Kyiv region climbed to at least 12 over the day, the sixth consecutive day of Russian strikes on the capital, while authorities in Russia's Samara region declared an emergency in Novokuybyshevsk and briefly closed airports in Penza and Saratov.
Geopolitics
United States Army Secretary Dan Driscoll Resigns in the Seventh Month of the Iran War
The departure follows a dispute with Defense Secretary Pete Hegseth over the firing of Army generals and leaves the Army without permanent civilian or uniformed leadership, while Hegseth weighs Sean Parnell as a replacement.
Markets
European Gas Ends August at Its Highest Level for the Month Since 2022
Benchmark futures rose from about $709 per thousand cubic meters on July 31 to roughly $840 on August 31, with Germany facing the cost through the winter.
Macro
Bessent Tells Russia There Is No Sanctions Relief While the War Continues
The two finance chiefs met at the Group of 20 gathering in Asheville as Russian billionaires' recorded wealth fell by $19.77 billion this year and a Senate sanctions bill sat unaddressed in the House.
World
Nepal Puts Reconstruction Cost in the Billions After Himalayan Flood Kills Hundreds
Nepal's finance minister put the reconstruction bill at $4 billion to $5 billion, nearly a tenth of the economy, as Prime Minister Balendra Shah called the glacial collapse a climate event and demanded international action, while Algeria's president asked for the death penalty for people who start forest fires.
Tech
John Ternus Takes Over as Apple Chief Executive With the Company Behind in Artificial Intelligence
Tim Cook becomes executive chairman after 15 years as chief executive, handing the top job to the hardware engineering chief of a company that leads smartphone sales but trails Google and OpenAI in the technology defining the sector.