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"There was lot of nerves. We were really fighting for this one, so I’m just really proud. We did it.”

Thirty-six days after KNBR pushed Greg Papa out, the Bay Area radio station is bringing its voice back. Cumulus Media announced Thursday that Papa will return in a part-time role after his Aug. 5 layoff drew criticism from listeners and KNBR employees. The return is not a restoration of “Papa & Silver,” his midday show...

Oil Market Has Reached an "Inflection Point": Energy Aspects

By Tsvetana Paraskova of OilPrice.com

Crude oil prices are poised for further increases and the trending trajectory is higher, as global inventory drawdowns have accelerated and China is back to buying significantly higher crude oil volumes than in the spring, Energy Aspects founder and market intelligence director, Amrita Sen, told CNBC on Friday.

The intensified shipping risks in the Middle East with tanker attacks in the Strait of Hormuz and the Houthi threat in the Red Sea are hampering crude oil supply to Asian refiners. If Hormuz cancellations and delays persist, the only option for Asian refiners is to reduce runs, Sen said.

Following an uptick in Strait of Hormuz oil flows in August, shippers are now cautious again amid the re-escalation of hostilities, the oil market expert told CNBC.

The oil market has reached the “inflection point” and is heading for an “upward spiral” between crude and products, Sen noted.

Earlier this week, Sen told Bloomberg in an interview that China is estimated to import about 10 million barrels per day (bpd) of crude this month. The expected volume in September would be about 3 million bpd higher than in June, when China’s crude oil imports slumped to below 7 million bpd to a decade-low.

The return of China to crude buying and the accelerating inventory drawdowns are also pushing crude oil prices higher, apart from the headlines and U.S. and Iran rhetoric.

In the past two weeks alone, a total of 120 million barrels of oil were drawn down from inventories globally, Sen told Bloomberg.

All these factors are driving crude oil prices toward a “significant leg higher,” the market expert said on Wednesday, the day on which oil prices jumped above $100 per barrel for the first time since July.

Oil prices were on track early on Friday to end a trading week above the $100 a barrel mark for the first time since May.

Tyler Durden Fri, 09/11/2026 - 15:00

Every Subway Series has a certain level of electricity.

One of the most anticipated matches in the history of the U.S. Open comes our way on Friday night under the lights at Arthur Ashe Stadium.

The all-American semifinal matchup will make history.

Drivers traveling between the San Fernando Valley and the Westside this weekend should prepare for traffic hell.

Stitches makes his pick for Friday's Angels-Nats clash.

The rejected video ad featured a voiceover pressuring TikTok and YouTube to take action, Axios reported, citing sources familiar with the matter. TikTok informed Meta on Wednesday that it wouldn’t run the ads because they violate its policy against advertising with “political content.”

After the Yankees placed Jazz Chisholm Jr. on the injured list with a sprained thumb mere weeks before the postseason, Daniel J. Kaplan, MD a Sports Orthopedic Surgeon from NYU Langone joins Brandon London to discuss the All-Star second baseman’s outlook. Full video: https://youtu.be/qAeRkFDpq6k

Shocking video shows a small plane crashing nose-first into a field in rural Argentina -- with the pilot somehow pulled out alive.

Coal Nears Breakout As Gulf Energy Shock Drives Utilities Back To Dirty Fuel Ahead Of Winter

Newcastle thermal coal futures are approaching the $150-a-ton breakout level as the global energy shock, most acute in industrial fuels, encourages utilities to shift toward coal ahead of the Northern Hemisphere winter while electrification trends and all things AI expand electricity demand. 

UBS metals and mining analyst Myles Allsop wrote in a note this week that thermal coal prices face a number of factors colliding at once that could push prices higher over the next few months: 

We see a number of risks that could drive up thermal coal prices over next few months, with 1) demand supported by a hot summer (increasing demand for cooling), the high gas price (due to the ME conflict) and potentially a cold winter in the Northern Hemisphere due to the 'super El Niño' (conditions to peak in Dec), and 2) supply at risk from Chinese safety checks, Indonesian government policy, Russian diesel shortages, and potentially weather-related disruption, e.g. droughts and water shortages. 

We note that most of these factors would be short-term and think the market should return to balance from March.

Geographically:

China: Imports of seaborne coal rose to 24Mt in Jul-26, ~3Mt higher than the 1H average. The Shanxi accident in May triggered a round of safety inspections across the coal industry, with raw coal production falling to its lowest level in 58 months in Jul-26, with imports (of low-CV Indonesian and AU coal) rising and domestic coal prices recovering; we see potential for the market to remain disrupted for the next 3-6 months (LINK).

India: Imports have been subdued due to monsoon-weakened power demand and pro-domestic coal policy; however, low plant stocks and post-monsoon industrial restocking should support renewed demand for SA and US coal from Sept.

Indonesia: Thermal coal exports are estimated at 38Mt in Jul-26, down from ~40Mt in June due to supply constraints (tightening production quotas under the RKAB framework and stricter enforcement of 25% DMO, LINK) and logistical bottlenecks (low water levels along the Barito River in Central Kalimantan disrupting barging). We note the bottlenecks should ease with the onset of the rainy season in Sept.

JKT: In Japan, thermal generation has stepped up due to the heatwave and a nuclear outage (Tonati #3 due to restart in Aug-26), while Taiwan has maintained adequate LNG supply (despite the restart of two retired 600MW units); in South Korea the five state-owned utilities are being merged into one entity, with coal purchasing set to shift towards more long-term contracts (from spot).

Europe: Higher gas prices (Fig72) support coal power demand but low water levels on the Rhine have limited coal shipments and resulted in higher ARA inventories.

Russia: Coal railings have lifted 12% y/y in Jul YTD (eastbound +20%) while overall production is slightly lower y/y, with diesel availability/cost challenges; prices have strengthened due to disruption of supply of flows through the Black Sea.

More color: 

Iron ore prices rose ~$1/t this week to ~$100/t, in line with higher freight rates (AU-CH now ~$19/t and BR-CH ~$41/t vs $9/t and ~$23/t in Jan/Feb; Fig34) and destocking at ports; on a FOB basis, iron ore prices are close to ~18-month lows (Fig31). Fundamentals remain challenging, with shipments strong so far in 2026, while demand is soft.

On the key signals: 1) Iron ore port inventories in China are down w/w to ~150Mt (Fig26), although we note >60% of these support blending and mill inventories, and are not available for spot purchases; iron ore inventories at steel mills (Fig30) have increased w/w and above usual seasonality trends; 2) Iron ore shipments from traditional markets (Fig2) are up +2% so far in 2026; ramp-up of the Simandou project in Guinea represents a meaningful near-term risk to iron ore supply – Simandou shipments stepped up in August to a run-rate of ~35Mtpa after a softer July (Fig8); 3) BF utilisation rates are broadly stable YTD based on MySteel data (Fig16), while steel production in China is down ~3% in January-July based on NBS (Fig20) and CISA data (Fig12); 4) Steel exports from China in January-July are down ~4% YTD (Fig21); 5) Net short positioning on the Dalian has rebuilt moderately since collapsing at the end of July (Fig40). 

Investing theme: 

We have Neutral ratings on Vale, BHP, RIO and FMG, and a Sell on KIO; we estimate spot 2027 FCF yields of 4% for BHP, 7% for RIO and 9% for Vale (interactive model).

Separately, the International Energy Agency said this week that it now expects coal demand to rise 1.2% to 8.94 billion tons in 2026. At the end of last year, it had projected a modest drop this year followed by further declines through 2030.

The IEA identified gas-to-coal switching in China, South Korea, Japan and Europe, showing how a Gulf supply shock is reshaping electricity generation far beyond the region, especially in Europe where natural gas prices have topped 80 euros per megawatt-hour.

Who's Got The Coal?

Given that the energy shock has been most acute in diesel, we suspect the current squeeze ahead of winter shows how quickly coal can regain ground when competing industrial fuels become scarce or expensive. 

Tyler Durden Fri, 09/11/2026 - 14:30

The victim had just gotten off an R train at the Jay Street-MetroTech station around 9:40 a.m. when she and Jahlayah Blondel, 26, got into a heated argument, according to authorities and sources. 

Conservative watchdog America First Legal unveiled a "Parent Toolkit" after objecting to lesson plans in California, New York, New Jersey and Virginia.

Another massive breach demonstrates the need for cybervigilance.

Revised CLARITY Act Targets 'Non-Decentralized' DeFi Operators

Authored by Ezra Reguerra via Cointelegraph,

A revised version of the CLARITY Act would direct United States regulators to determine whether people or groups controlling "non-decentralized finance trading protocols" must comply with securities, commodities and anti-money laundering (AML) requirements.

The revised text, posted on Senator Cynthia Lummis' website, defines such a protocol as one whose functionality, operation, or rules can be materially altered by a person or coordinated group. The definition also covers protocols whose controllers can restrict users or whose transactions are not governed solely by transparent, pre-established code.

Under the proposal, the Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) would develop activity-based rules addressing registration, conduct, disclosure, recordkeeping and supervision. Meanwhile, the Treasury would establish how existing Bank Secrecy Act obligations apply to affected controllers.

The bill specifies that software and distributed ledger systems would not be required to register in their own capacity. It also says participation in an incident-response or security council would not, by itself, establish control over a protocol.

The revised text arrived ahead of a procedural Senate vote scheduled for Sept. 15. The measure requires 60 votes to advance, meaning Republicans will need support from Democrats despite continuing disagreements over ethics, anti-money laundering protections and stablecoin rewards.

Crypto industry backs bill as ethics dispute lingers

In a statement shared with Cointelegraph, Crypto Council for Innovation CEO Ji Hun Kim called Tuesday's vote a "pivotal moment" for digital assets, innovation and American leadership. Kim told Cointelegraph that the US needs a framework combining consumer protections with business conduct standards.

On Thursday, Coinbase CEO Brian Armstrong told CNBC that the CLARITY Act was "ready to get a yes vote." He said the "must-have issues" previously raised by Coinbase had been resolved, while negotiations over ethics restrictions remained active and appeared close to a solution. Armstrong did not specify which provisions had changed.

Despite this, the ethics section in the newly released text remained largely unchanged from the previous version, despite being one of the main points of contention in negotiations.

On Aug. 20, Democratic Senator Ruben Gallego warned against holding a vote before lawmakers resolved disputes involving ethics and stablecoin yield. "A fast vote gets you a fast result, but I'm not sure it's the result you want," Gallego said at the time.

Armstrong said that if the legislation does not advance, the SEC and CFTC could instead pursue rulemaking and innovation exemptions using their existing authority.

Tyler Durden Fri, 09/11/2026 - 14:15

New York Gov. Kathy Hochul dipped out of the reading of the names of 9/11 victims early at Ground Zero Friday morning so she could appear on CNN.

A young boy whose grandfather died in the World Trade Center gave a rare moment of levity as 9/11 victims’ names were read by evoking the New York Knicks’ long-awaited championship.

Kyle Shanahan awarded one game from the San Francisco 49ers’ season-opening win to the team’s strength and conditioning staff that helped them adapt to the 17-hour time difference. The other one went to linebacker Fred Warner, who made a big impact in the 27-7 victory — and a major personal accolade along the way. The...

Even people with stellar nighttime routines might be affected.