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The government said in last week’s statement that after “extensive discussions,” lawmakers had decided a public vote wasn’t needed.

The California family says a case of mistaken identity spiraled into online harassment after a viral video of a sea lion being kicked sparked outrage.

ESPN has found its Ryan Clark replacement on “Monday Night Football.”

She’s got much to celebrate, having recently sold her second book, "Mother F—ker," for a seven-figure sum.

She’s got much to celebrate, having recently sold her second book, "Mother F—ker," for a seven-figure sum.

"Really Only One Thing Worries Us A Lot": Here's What Keeps Goldman's Commodities Guru Up At Night

Samantha Dart, co-head of global commodities research at Goldman, joined Bloomberg TV on Monday morning and warned that diesel sits at the epicenter of a worsening global fuel supply squeeze, as Ukrainian drone and missile strikes disrupt Russian refining and the US-Iran war disrupts tanker flows through the Strait of Hormuz.

Dart joined Haslinda Amin on Insight with Haslinda Amin to discuss growing risks in diesel markets.

She warned, "The situation in Russia is really one thing that worries us a lot," adding, "The Russia issue has been going on now for, what, four years? So this can keep going."

Amin asked Dart: "And finally, your conviction call. What's the one bet in the commodity space for the next 12-24 months?"

Dart responded:

"Yeah, so I've mentioned a couple of things. I'd say on the oil side, as I mentioned before, diesel, I think is the oil product that is most vulnerable right now, not just because you have your seasonal demand strength ahead just in the winter, but on the supply side. And to your point in the beginning, it's not just that you run war, it's what's happening to the Russian refineries as well. And Russia is usually a pretty big exporter of diesel. And now they have restricted it."

Dart continued:

"So we are recommending a long diesel time spread. So going long the December contract of this year and short, the March contract of next year, so a spread trade.

And on the natural gas side, the sort of controversial call that we have is that after this crisis is over, this is a market in oversupply. So we look at the forward end of the curve, the back end of the curve, and it's overpriced. So we have been recommending a short for summer 2028 European natural gas TTF."

Watch 

Dart's conversation with Amin builds on another Goldman note published last week by commodity expert Daan Struyven, who warned that "Diesel is at the epicenter of the supply squeeze." 

Struyven introduced a new global refinery-runs nowcast, estimating that global refinery runs have plunged to their lowest seasonal level since the Covid era. 

Last week we noted that European gasoil crack has surged above $70 a barrel as refiners run near capacity, with diesel and jet supplies constrained by outages, shipping risks, and reduced Russian exports.

The diesel market is increasingly becoming a focal point for Goldman's commodities team as tight global supplies head into the seasonally stronger winter demand period. Disruptions stretching from the Hormuz chokepoint to Russian refinery outages and export restrictions are tightening an already constrained market, raising the risk of further price increases. If these supply pressures persist into winter, diesel could emerge as one of the most closely watched commodities.

Tyler Durden Mon, 08/03/2026 - 10:40

Here's Why the US Manufacturing Surveys Are Diverging So Dramatically...

Update (1015ET): As we noted below, there was a significant divergence between the two manufacturing surveys for July... which is not that unusual, and also an odd divergence between falling inflation expectations and universally rising commodity prices.

Based on the responses to the ISM survey, we may have found the answer... and it's a familiar one in this bifurcated economy...

• Green ones from AI, semiconductor, electronics and machinery firms report strong demand from AI data centers, chips and defense.

• Red ones from metals, transportation, chemicals and consumer-related sectors report weak demand, tariffs, higher costs, geopolitical risks and pricing chaos.

Simply put, the AI supply chain is booming; the rest is not.

*  *  *

Despite the recent slide in 'hard' data, US Manufacturing remained positive in July,and depending on which survey you are watching, was either flat... or surging.

• S&P Global US July Manufacturing PMI flat at 53.9 vs 53.8 flash and 53.9 for June - three month lows

• ISM US July Manufacturing PMI jumped to 55.6 vs 53.9 exp and 53.8 for June - highest since May 2022

Under the hood, ISM's Survey showed better than expected improvements across the board...

• Prices Paid 71.1, Exp. 71.0

• Employment 52.8, Exp. 50.0

• New Orders 56.7, Exp. 56.7

Inflation lower, orders and jobs higher...

But, S&P Global's PMI survey suggested evidence of supply chain disruption was also prominent in the latest survey data, with manufacturers signaling one of the sharpest deteriorations in vendor performance over the past four years. This contributed to slower growth in both inventories and purchases of pre-production goods, which eased to three- and four-month lows respectively

However, “although the headline PMI held steady in July," Chris Williamson, Chief Business Economist at S&P Global Market Intelligence, warns that "beneath the survey we see some warning signs about the future growth trajectory."

Production rose at a markedly slower rate in July, linked to a third month of weakened growth of new business, in turn reflecting reduced inventory building after the especially strong precautionary stock accumulation reported in the second quarter. Williamson cited  "further pressure came from increased supply chain delays, falling exports, and further pushback on high prices from customers."

While input cost inflation moderated slightly, inflationary pressures remained elevated thanks principally to the combination of high energy prices and tariffs.

As a side note, ISM respondents saw inflation lower but almost every commodity higher in price?

In response, producers are either trying to raise selling prices to protect margins or boost productivity, hence July also saw another month of high factory gate price inflation and subdued job gains.

Williamson concludes rather ominously: “In this environment, business optimism about growth prospects slipped to the lowest since last October, underscoring the downside risks to the near-term outlook."

So - once again - choose your own adventure... is US Manufacturing stalling out (S&P Global) or surging at its fastest in four years (ISM)?

Tyler Durden Mon, 08/03/2026 - 10:35

A Mexican cartel leader who allegedly ordered a TikTokker’s live-streamed murder because she and his son had broken up, as well as a mayor’s assassination has been arrested. 

Before you buy or rent the new Evil Dead movie, here's when we expect to see it on HBO Max.

Disney has added a slew of costs to multiple parks in the US and over seas in the past few years.

Russia said on Monday ‌that six people, including three children, had been killed and about 40 injured at its Black Sea holiday resort of Gelendzhik in what it said was a deliberate Ukrainian drone attack on civilians.

Speaking to reporters Sunday, Trump said new Iran peace talks would start Monday as he called off “massive” planned attacks on the nation following appeals from several Gulf state allies.

Coldcard Losses Near $114M As Small Bitcoin Transfers Spike

Via Decrypt.co,

Small Bitcoin holders moved coins on July 31 at a rate not seen since the collapse of FTX, according to CryptoQuant, as news spread that Coldcard hardware wallets had been generating guessable keys for five years.

Transfers of less than 1 BTC totaled 39,600 BTC (around $2.5 billion) that day, the firm's Head of Research Julio Moreno tweeted. The last comparable figure was 39,900 BTC on November 16, 2022, days after FTX failed. Daily active addresses rose from 645,000 on July 30 to almost a million on July 31, the highest since December 2024, with the jump concentrated in sending addresses rather than receiving ones.

The Bitcoin plebs had not move this amount of BTC in a day since the FTX collapse.

39.6K BTC transferred on July 31st after the coldcard hack, 39.9K BTC transferred on November 16 2022, a few days after the FTX collapse.

These are Bitcoin transfers < 1 BTC.

I like to see that… pic.twitter.com/c7Qzx7za6M

— Julio Moreno (@jjcmoreno) August 2, 2026

Some of it went to exchanges. Deposits made up of sub-10 BTC transfers hit 7,300 BTC ($459 million) on July 31, the most since February 6, CryptoQuant said. Moreno linked the move to the Coldcard breach, saying people appeared to be shifting holdings "looking for safety," while noting the connection was not certain.

Notably, Bitcoin's price barely moved amid the wave of exchange deposits, suggesting that users were moving their coins to secure them rather than sell. Bitcoin is currently trading at $62,724, down 0.7% over the past day, per CoinGecko data.

The ColdCard exploit

The Coldcard flaw dates to a March 2021 firmware build error that left seed phrases drawn from far too small a pool. Galaxy Research logged three waves of thefts by Saturday, totaling 1,367 BTC across 4,585 addresses, up from $38 million when the flaw was disclosed and $70 million when Binance founder Changpeng Zhao warned holders.

A fourth is likely under way. Galaxy Research's Alex Thorn flagged sweeps across 15 consecutive blocks on Monday, running at roughly 45 times the normal rate, and after correcting a set that had wrongly included multisig addresses put the wave at 709 addresses and 448.73 BTC ($28 million). That would take the running total to about 1,816 BTC, near $114 million. Thorn added a caveat that no victim has yet confirmed the fourth wave, which rests on pattern matching.

🚨 LIKELY 4TH ORGANIZED WAVE COLDCARD ATTACK OCCURRING RIGHT NOW

THERE ARE STILL SIMILAR TXS IN THE MEMPOOL WAITING TO BE CONFIRMED AND THE PREVIOUSLY-CONFIRMED TXS SIGNAL RBF OPT-IN, CHECK YOUR FUNDS AND YOU MAY BE ABLE TO RBF YOUR WAY OUT OF THIS

pattern identified:
blocks…

— Alex Thorn (@intangiblecoins) August 3, 2026

Some sweeps were still sitting unconfirmed in the mempool and had opted into replace-by-fee, he said, meaning holders who act quickly and pay a high fee may be able to outbid the attacker. None of the addresses hit in the first three waves were multisig.

'A wake-up call'

Kraken chief security officer Nick Percoco called the incident a "wake-up call for the entire hardware wallet industry." ColdCard’s Mk4, Mk5 and Q ship with certified secure elements, he noted, and their seeds still came out around 72 bits, because the certification covered the component while nobody verified which code path actually ran.

https://t.co/cIjpnVnMDM

— Nick Percoco (@c7five) August 2, 2026

Percoco wants independent lab validation of entropy sources, bound to specific firmware versions and listed in a public registry, as payment terminals already require. He added that Coinkite's hotfix now fails the build unless the correct generator is linked in, a control he said took about 48 hours to write once the company knew what to look for.

Read more here...

Tyler Durden Mon, 08/03/2026 - 10:20

Not even "spidey sense" could have prevented this odiferous attack.

Get the fork out of here.

Ready, set, sleep.

Following Grande's split from Slater, the singer has since gotten back together with her ex-boyfriend Ricky Alvarez.

Following Grande's split from Slater, the singer has since gotten back together with her ex-boyfriend Ricky Alvarez.

The 96-year-old actor's son Scott Eastwood shared the "legendary story" on Monday's episode of the "Armchair Expert" podcast.

The 96-year-old actor's son Scott Eastwood shared the "legendary story" on Monday's episode of the "Armchair Expert" podcast.