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Set your family up for success this semester.

"I've never seen anything like it before," The Post's Olivia Silio reported.

Babe Ruth's existence is somehow a topic of debate.

PK also claimed Dorit "is not available" to care for their two kids when she films "RHOBH."

PK also claimed Dorit "is not available" to care for their two kids when she films "RHOBH."

It's not exactly California Dreamin'.

Professional teeth whitening straight at home.

This California city is about to get a lot harder to drive in.

CLARITY Act Failure Could Send Crypto Valuations Lower: Bernstein

Authored by Zoltan Vardai via CoinTelegraph.com,

The odds of the Digital Asset Market Clarity Act’s (CLARITY) passage are dwindling as the US Senate is scheduled to begin summer recess at the end of this week, threatening another leg down for cryptocurrency valuations, according to wealth manager Bernstein.

Bernstein said that the Senate’s failure to pass the legislation could trigger an immediate negative “industry knee-jerk reaction,” which may result in another leg down for Bitcoin and the broader crypto market.

“From a tactical standpoint, we expect the crypto market to bottom and start showing momentum towards late Q3 and early Q4 prior to the mid-terms,” Bernstein analysts wrote in a Monday report shared with Cointelegraph.

At the same time, however, the analysts said that Senate failure to pass the legislation may bring more proactive policy support from regulators, including the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC), which may accelerate rulemaking initiatives under Project Crypto.

Project Crypto is a regulatory initiative first announced by SEC Chairman Paul Atkins in July 2025, which was later expanded into a joint staff initiative between the SEC and CFTC in September 2025. The initiative aims to create a workable regulatory framework for digital assets using existing agency authority while Congress finalizes crypto market legislation under the CLARITY Act.

Bernstein said that the two agencies could provide more interpretive releases tied to the taxonomy of tokens, clear rules around decentralized finance (DeFi) and accelerate the innovation exemption for issuing tokens that would be exempted from securities status during a finite period.

CLARITY Act odds decline to 31%

Bernstein’s skepticism is supported by prediction market traders who are betting against the passage of the CLARITY Act before the end of 2026.

Odds of the legislation’s passage before the end of the year are now at 27%, down 11ppt in the past week and down 13ppt in the past month, according to Polymarket, which shows about $3.7 million has been wagered on that prediction.

Meanwhile, White House officials are reportedly weighing a bipartisan ethics counterproposal received on Thursday, following weeks of negotiations between Republican Senator Thom Tillis and Arizona Democrat Ruben Gallego.

The proposal would enable state attorneys general to sue the Department of Justice if it fails to enforce ethics laws against federal officials, three sources familiar with the matter told crypto journalist Eleanor Terrett.  

The CLARITY Act aims to establish the first regulatory framework for digital assets in the US, but it has been met with pushback from the banking industry, which argued that the current draft would allow crypto firms to offer yields on stablecoins without facing the same requirements as traditional financial institutions. 

On June 26, Galaxy Digital cut its odds of the CLARITY Act becoming law in 2026 to 50%, warning that the US Senate is running out of time to move the crypto market structure bill before its August recess. 

Tyler Durden Tue, 08/04/2026 - 11:30

A high-ranking Westchester County police official drove the getaway car for her son in an apparent gangland shooting in the Bronx, police and sources said Tuesday. Jennifer Lackard, a deputy police commissioner with the Mount Vernon Police Department, was arrested at her home Tuesday morning, along with her son, Chase Lackard, 20, after the young...

Jets tight end Kenyon Sadiq has suffered a setback in an injury blow to Gang Green.

"We thought we would die," one passenger recounted after an Air India flight suddenly plummeted 300 feet mid-air.

Waymo Robotaxi Crash Rate 68% Lower Than Human Drivers, Study Finds

Though they've have racked up quite a few troubling anecdotes on America's roads, Waymo robotaxis have achieved a crash rate that's far lower than what's observed when humans are driving, according to a recent study published by the Insurance Institute for Highway Safety. A private scientific organization funded by insurance companies, IIHS is regarded by many as a superior font of accurate scientific conclusions compared to the government-run and lobbyist-vulnerable National Highway Transportation Safety Administration. 

According to the July IIHS study, "Rise of the Machines: Crash Experiences of Highly Automated Vehicles and Human Drivers," Waymo vehicles in autonomous mode posted "police-reportable crash involvement rates" fully 68% lower than human-operated vehicles in the same areas and years. Researchers studied crash rates in Austin, Los Angeles, Phoenix and San Francisco. Importantly, the IIHS studied data from 2021 to 2024; to the extent Waymo has improved its programming, the current relative performance may be even better. 

The Waymo edge was highest in Phoenix and Los Angeles (76% and 71% lower crash rates, respectively). San Francisco's Waymos posted a 35% lower crash rate. In a bit of a headscratcher in terms of the being a huge outlier, Waymo had a 4% higher crash rate in Austin. The study's authors note that the sample size in Austin was smaller for both Waymo and human drivers. 

Dozens of empty Waymos clogged a small street in an Atlanta neighborhood, preventing residents from leaving or returning to their homes 

Waymo vehicles really shine in regard to one type of accidents where human-driver inattention looms particularly large: The robotaxis' rate of rear-ending other cars and trucks was 91% lower than what's seen with human drivers. It's rate of being rear-ended was 40% lower; here, the result may spring from human inattention that leads to last-second hard braking that catches trailing vehicles by surprise. Waymos also sparkled in single-vehicle crashes, as the robotaxis experienced 85% fewer such crashes overall, and 81% fewer single-crash accidents with injuries. 

The encouraging IIHS report comes after Mountain View, California-headquartered Waymo has established a history of eyebrow-raising incidents that we've been all too happy to report on. In two of the more recent episodes... 

• In June, Waymo recalled its entire fleet (then comprising 3,871 vehicles) after some of the robotaxis drove dangerously in construction zones. Incidents included speeding, driving past ramp-closure signs, and weaving between traffic cones. The company said it would tweak its 5th-generation Automated Driving System (ADS) software so it would recognize and act appropriately in construction zones. 
• In May, 50 empty Waymo SUVs flooded a small residential street in northwest Atlanta in just an hour. Video captured a thicket of the vehicles facing both directions and simultaneously trying to figure out how to proceed.

So far, nothing as spectacular as how Douglas Quaid's wild robotaxi ride will end in 2084: 

 

Tyler Durden Tue, 08/04/2026 - 11:15

CEO Chris Kempczinski said weak promotion of value deals and a pullback in digital deals, including its buy-one-add-one promotion, led to a drop in visits from loyal customers.

Oversight of these businesses is complex, especially in New York, where it’s divided among multiple agencies.

Last year, the Grammy-winning singer admitted to cheating on Bunnie Xo early in their marriage -- which legally ended in July.

Last year, the Grammy-winning singer admitted to cheating on Bunnie Xo early in their marriage -- which legally ended in July.

He was spotted flipping the script on the typical Hollywood hot spot.

Paulina Gretzky was glowing while yachting in Greece.

The Bond-Salesman-In-Chief Has Fired The First Shot Of The Capital Market War That Follows The Trade War

By Benjamin Picton, senior market strategist at Rabobank

US equity markets approached record highs yesterday as traders basked in the afterglow of Donald Trump’s decision to (again) call off Iran strikes in favor of diplomatic efforts. The S&P500 closed almost 1.5% higher and the NASDAQ 100 was up by almost 1.8%. Sovereign yields pushed lower across Europe and North America with Treasuries likely encouraged by comments from Japanese Finance Minister Katayama yesterday that Japan intended to tap the Fed’s FIMA facility to defend the Yen in the future, thereby avoiding the necessity to sell Treasuries to fund Yen purchases.

The front Brent crude future fell by more than 7%, despite the fact that there is no confirmation of material progress in loosening restrictions on global energy flows. ICE gasoil futures declined by more than 8.5% despite Russia’s ongoing diesel export ban, continued Ukrainian strikes on energy infrastructure, the Houthis’ recent decision to spread the Iran conflict to Saudi oil infrastructure in the Red Sea and low water levels in the Rhine disrupting energy shipping and forcing freight rates higher. Similarly, Singapore gasoil spot prices were down by almost 11% yesterday. On those figures you would think all of the problems in product markets are solved. This again highlights the capriciousness of markets; it was only a few weeks ago that I was reading articles making straight-faced suggestions of an emerging oil glut.

While Hormuz certainly isn’t a Waterloo moment for Donald Trump just yet, he is obviously keen to find an offramp that satisfies key US strategic objectives of re-opening the strait without tolls, curtailing Iran’s nuclear program and regional influence, and – if at all possible – pushing Gulf states into the Abraham Accords and normalization of relations with Israel. Some progress has been made on the latter, but progress on the former two objectives continues to elude, giving this conflict more than a whiff of Middle-Eastern quagmires past.

While the Commander in Chief plays Battleship in the Gulf, the self-described bond salesman in chief, Scott Bessent, has possibly fired the first shot of the capital market war that we have long warned would follow the trade war and the now numerous proxy wars. All of these developments can be contextualized through the strategic competition between the United States and China, with Russia, the European Union, Iran, the GCC, Japan, South Korea, North Korea, Israel, Australia and others playing the role of proxies, satellites, supplicants, vassals, junior partners and bit-players to the two great powers. In this respect, the US Treasury’s support of the Japanese Ministry of Finance and the BOJ in defending the Yen may have been a financial Fort Sumter moment.

In supporting Japan’s efforts to defend its currency to stave off imported inflation pressures the USA not only takes out insurance against rising borrowing costs for the US Treasury while buying up assets that Bessent considers to be undervalued relative to Japan’s improving fundamentals, it also relieves competitive pressure on US manufacturers (currently in rude health according to yesterday’s manufacturing ISM) and pulls Japan closer into the US’ strategic orbit.

This is important as the Trump administration views Japan as an important partner for countering China’s dominance in industrial production – particularly shipbuilding, steel manufacturing and rare earths processing – and both partners have an interest in preventing Japan’s reflating economy from becoming an outlet for China’s production surplus. Might we see further Japanese restrictions on Chinese imports? Could the US decision to sell EUR (even in relatively small amounts) rather than USD have been a subtle message to Europeans about US policy capabilities?

Coordinated intervention between the Japanese Ministry of Finance and the US Treasury to manage the value of the Yen is perhaps the first concrete sign of the emergence of a new monetary order as foreshadowed by RaboResearch Global Strategist Michael Every several years ago in FX Wars. The post Bretton Woods system of mostly free-floating fiat with a constellation of international treaties intended to discourage state intervention and competitive devaluation has been on borrowed time due to the rise of neo-mercantilist China and the QE-driven currency devaluations of the 2010s.

Cooperation on managed exchange rates (and broader capital market dynamics) among allies may offer a path forward. However, intra-bloc accords only work if inter-bloc trade faces substantial barriers. Naturally, the US does not want to see a situation where the global role of the Dollar is undermined by developed market central banks holding larger and more diversified FX reserves, so watch as a system of “you scratch my back, I scratch yours” dollar swaplines emerges with common trade restrictions or other boons for US strategic interests as a kind of quid pro quo. Indeed, we have already seen this happen with the UAE’s decision to leave OPEC+ and coordinate with Israel on military matters following the extension of dollar swaplines.

So, once again we are witnessing momentous structural changes unfolding with geopolitical tensions forcing the pace. While it is certainly relevant and important, one shouldn’t be too captivated by the up/down moves of this week. What really matters is the signal for the medium to longer term.

Tyler Durden Tue, 08/04/2026 - 11:00