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Diesel Hits Record $6.06 a Gallon as Middle East War Disrupts Supply
US diesel prices hit a record $6.06 per gallon on September 11 as Middle East conflict damages Saudi pipelines and disrupts refining. Higher transportation costs expected to ripple through food and retail prices.
Labor’s Housing Reforms Slash 10,700 Homes, Push Rents Up AUD$10 Weekly
Labor’s housing tax reforms will cut 10,700 new homes and push rents up AUD$10 weekly through 2030, according to updated modelling by industry groups. GDP impact estimated at AUD$1.05bn.
Stellantis Sells Brampton Plant to Roshel as Union Talks Collapse
Stellantis signs MOU to sell Brampton plant to Roshel. Union talks collapse over plant closure. STLA stock down 50% year-to-date as Meyka rates it C+ Sell.
Supreme Court Blocks Trump-Backed Missouri Map, Saves GOP One Seat Loss
Supreme Court blocks Missouri’s Republican congressional map, forcing state to use 2022 boundaries. GOP loses one potential House seat; Trump’s redistricting strategy faces setback.
Lido Staked ETH USD Climbs 4% to $2,534.61 as RSI Nears Overbought
STETHUSD rose 3.98% to $2,534.61 in 24 hours with RSI at 65.7 and strong ADX trend strength of 45.87.
Ethereum Climbs 4.3% to $2,541.59 as RSI Nears Overbought
Ethereum USD rose 4.3% to $2,541.59 in 24 hours with RSI at 65.34 and ADX confirming a strong uptrend.
ASX Falls 1.9% as Oil Hits $108, Recession Fears Mount on September 11
ASX 200 drops 1.9% to 8741.2 as oil spikes to $US108, bond yields soar, and recession odds climb. RBA faces rate hike pressure amid weak economic growth.
US Targets Iran’s Financial Networks on September 14 Under Economic Outcast
US Treasury to sanction a major bank linked to Iran on September 14. Operation Economic Outcast targets 27 airlines, proxy networks, and financial intermediaries to isolate Iran economically.
Niulai Meme Coin Surges 40% on Binance Listing, Seed Tag Signals Risk
Niulai meme coin jumped 40% to $147M market cap after Binance listing on Sept 9. Exchange applied Seed Tag due to higher risk. Trading began at 11:30 p.m. KST with three pairs.