Future

• Stock futures declined as oil prices and U.S. 10-year Treasury yields continued to rise. • Asian stocks fell and UniCredit shares dropped as much as 2.9% after RBC Capital Markets issued a sector perform rating. • Higher borrowing costs and energy prices are creating headwinds for financial markets and dragging down the Nasdaq and Russell indices.

• Stock futures declined as bond yields and oil prices continued to rise. • Market pressure is driven by a conflict between healthy corporate profits and countries running large budget deficits. • Rising bond yields typically lower the valuation of tech and growth stocks, creating volatility for investors in those sectors.

In a new video, Klein and Taylor outline a ominous evolution taking shape on the far right – and how to stay loyal to this planet and each otherThe end times fascists are plotting their escape from our world. Our mission is clearAn ominous evolution is under way on the far right. It is a dangerous shift that is linked to our era of existential crises, defined by its pandemics, climate emergencies, resource wars and rogue tech. Today’s fascists are part of a dangerous and fractious alliance – from messianic venture capitalists to army-controlling theocrats – united by the belief that the end of the world is upon us and that only a chosen few deserve to be saved. That is the thesis of Naomi Klein and Astra Taylor’s new book, End Times Fascism: And the Fight for the Living World.Since it can be hard to believe that political and corporate leaders would actively give up on our shared future on this singular planet, they also collaborated with film-makers Emma Dessau, Austin Bedell and P Nick Curran to create a video in which we hear directly from many of the people behind this threat – and outline why this is the moment for the rest of us to commit to each other and our shared home. The Guardian is pleased to share it for the first time.End Times Fascism: And the Fight for the Living World is out 15 September via Farrar, Straus and GirouxNaomi Klein is a Guardian US columnist and contributing writer. She is the professor of climate justice and co-director of the Centre for Climate Justice at the University of British ColumbiaAstra Taylor is a writer, organizer and documentary maker and a co-founder of the Debt Collective Continue reading...

• AI trends are currently disrupting China's entertainment industry in ways that may soon affect Hollywood. • Entertainment lawyer Fan Baile reports a surge in work as celebrity clients sue filmmakers for stealing their faces to create digital avatars. • This shift creates a new legal battleground over digital identity and ownership for actors and performers.

• Futures markets are sliding as yields and oil prices spike ahead of the release of the Producer Price Index (PPI) report. • The PPI report is expected to be closely watched, with some analysts noting that it may not significantly impact the Federal Reserve's decision next week. • A change in the Fed's decision could have significant implications for investors and the overall market, potentially affecting interest rates and economic growth.

• S&P 500 and Dow futures attempted to recover on Thursday morning following a three-day decline in equity markets. • Oil prices rose above US$100 a barrel for the first time since July, creating uncertainty for the broader stock market outlook. • Investors are weighing these price shifts against upcoming inflation data and a scheduled interest rate hike from the European Central Bank.

• Asian shares and U.S. futures declined on Tuesday as escalating conflict in the Middle East drove oil prices higher. • South Korea’s Kospi index fell 0.6% to 6,954.52, while Hong Kong’s Hang Seng lost 0.3% to 25,345.04. • Rising oil costs and supply-side inflation may reduce consumer purchasing power as firms pass increased expenses to customers.

• The FDA approved seven new drugs in August 2026 across various medical fields. • These approvals cover treatments for sleep disorders, Alzheimer's disease diagnostics, oncology, rare diseases, autoimmune conditions, and hematology. • Pharmaceutical companies can use these approvals to determine new strategies for market entry, exclusivity timelines, and filing processes.

• Japan's real wages grew by 2.4% year-on-year in July, marking the strongest growth since May 2021. • Total cash earnings rose by 4.7%, which is the largest increase recorded since January 1997. • This seventh consecutive month of wage gains indicates a gradual improvement in income trends for Japanese workers.

• Asian shares and U.S. futures declined recently as escalating conflict in the Middle East drove oil prices higher. • Market volatility affected the Korea Composite Stock Price Index and shares of major companies like Samsung Electronics Co. and SK Hynix. • Rising energy costs and geopolitical instability create financial risks for global investors and equity markets.

• Asian stock markets and U.S. futures showed mixed results on Tuesday following the U.S. Labor Day holiday. • South Korea's Kospi index rose 1% to 7,060.79, driven by a 5.3% jump in memory chipmaker SK Hynix and a 2.9% increase for Samsung Electronics. • These fluctuations reflect varying investor sentiment toward the technology sector and global chip demand.

• Stock futures fell as investors grew concerned that rising oil prices would drive up inflation. • Market volatility increased following reports that Houthi rebels targeted Saudi oil infrastructure. • Higher energy costs may force central banks to maintain high interest rates to combat inflation, impacting borrowing costs for businesses.

• Dow futures fell more than 300 points as Wall Street resumed trading after the Labor Day holiday. • S&P 500 and Nasdaq futures both dropped 20 points following reports of additional attacks in West Asia. • Rising oil prices and geopolitical instability are creating downward pressure on U.S. stock indices.

• Chris Mattmann, a former NASA Jet Propulsion Laboratory expert, criticized current U.S. policy for relying on private technology companies rather than public institutions to lead AI development. • Mattmann spent 24 years at the laboratory and argues the government is underutilizing the national laboratory network and universities established after World War II. • This shift in investment strategy moves the center of leading-edge AI development from public labs to private labs to compete with rivals like China.

• ICE reported that its interest rate futures reached a record 14.5 million open interest contracts. • Euribor futures accounted for 5.8 million of those contracts, contributing to a 36% year-over-year increase across ICE's financial derivatives complex. • Higher activity in these contracts affects the market for SONIA, the benchmark rate banks pay to borrow British pounds overnight, which influences loan and bond costs.

Outlet faced significant financial challenges after it had funds blocked by bank without explanationWorkers at the leftwing news outlet the Canary fear it will not survive beyond this year amid access to funds being blocked and allegations of financial mismanagement and internal turmoil.The site, which was founded in 2015 against a backdrop of the wave of support for the then Labour leader, Jeremy Corbyn, appeared set to expand after a multimillion-pound injection of funds last year. Continue reading...

• US stock index futures remained subdued as investors reacted to escalating geopolitical tensions involving Iran. • The instability triggered a rise in both crude oil prices and US Treasury yields, reflecting increased market volatility and risk aversion. • This shift matters as it highlights how Middle East instability can disrupt global energy markets and influence US monetary expectations.

• Stock futures are experiencing volatility as global bond yields react closely to fluctuations in oil prices. • Market sentiment has shifted toward a new baseline expectation that the Federal Reserve will implement a rate hike in September. • Fed Chair Kevin Warsh indicated that current inflation is not decreasing rapidly enough to meet targets, necessitating action given the strength of the economy.

• The Shanghai Cooperation Organisation (SCO) concluded its summit with a strategic goal to position itself as a global powerhouse challenging Western dominance. • Representing nearly half of the world's population, the group aims to foster a multipolar future, though the summit highlighted significant internal disagreements and divergent national interests. • Turkish President Erdoğan described the SCO as a "complement to the UN," emphasizing Türkiye's commitment to resolving regional conflicts through diplomacy and dialogue.

• Global equity futures tumbled as long-term bond yields reached multi-year highs, driven by persistent inflation pressures. • Oil prices surged following an escalation in tensions involving Iran, adding further volatility to global energy markets. • Analysts highlight the hawkish stance taken by Kevin Warsh during last week's Jackson Hole symposium as a primary catalyst for expected yield increases.

• The World Government Summit (WGS) Dialogue hosted a virtual event titled ‘The Future of Global Leadership,’ featuring seven candidates for UN Secretary-General, including former presidents and ambassadors. • Participants debated the future of multilateralism, with candidates urging the UN to rebuild global trust and increase agility when responding to geopolitical tensions. • Former President Michelle Bachelet emphasized the need for the UN to become more representative and fair, shifting its focus toward crisis prevention and diplomacy rather than reactive measures.

As families await news of missing loved ones, the disaster is a stark reminder of how the climate crisis is creating a fast-growing threat. Plus, the town considered India’s ‘Jurassic Park’It has been hard not to despair while watching the ruinous floods swallow parts of Nepal, and harder, still knowing that the agony compounds each passing day for dozens of Indian families whose members remain unaccounted for.Social media is awash with desperate pleas, photos and details of the young and old, men and women, from Mumbai to Kolkata, posted by families searching for traces of life. The disaster unfolded when a melting glacier slammed into the valley below, unleashing a deadly cascade of rock and ice down the Bhote Kashi River, which flows from Tibet into Nepal. Continue reading...

• Starting September 11, 2026, European Union firms will be legally required to report exploited cybersecurity vulnerabilities within a strict 24-hour window. • These new regulations are designed to reshape digital governance and strengthen the collective security posture of the EU's technological infrastructure. • The shift comes as European leaders simultaneously debate the future of AI integration and the leadership frameworks needed to manage emerging digital risks.

• Israel is preparing for its first general election since the October 7 attacks, featuring shifting political alliances and new candidates. • The Likud party has introduced a controversial political commission of inquiry bill to investigate the attacks, reflecting Benjamin Netanyahu's opposition to judicial-led probes. • This political climate follows a period of intense domestic instability caused by Likud's push for judicial reforms, which sparked mass nationwide protests.

In today’s newsletter: As rescuers search for survivors after catastrophic floods, the disaster offers a stark warning about the climate risks facing the region, and the worldGood morning. Over the weekend, rescue workers in Nepal and Tibet raced to find people who are still trapped in villages affected by catastrophic flash floods. As of this morning, the death toll stands at 903, and more than 4,000 people are missing.For those of you reading this in a place where life continues as usual, the scale of devastation is hard to fathom. In a matter of minutes, a torrent of mud and debris engulfed entire villages, snapped bridges and swept away people’s homes and families. Some survivors are marooned on top of buildings that rescue workers can’t reach. Others are trapped in tunnels beneath the ground. Many have no idea if their loved ones are still alive.UK politics | PC Andrew Harper’s killers will remain in prison after Andy Burnham announced changes to the early release scheme that will see anyone convicted of unlawful killing, including all forms of manslaughter, excluded from the scheme.Milo Yiannopoulos | Far-right British media provocateur Milo Yiannopoulos has been deported from the US back to the UK by Immigration and Customs Enforcement (ICE) in connection with what the agency said was expired authorisation to be in the country.US-Iran | Iran has launched retaliatory strikes on airbases in Jordan after the United States attacked Iranian rocket launchers on an island in the strait of Hormuz, the first such strikes in a month.Iceland | In a blow to Brussels, Iceland has held a referendum that has narrowly ⁠rejected ⁠the government’s proposal ​to hold ⁠accession talks with ⁠the ​EU.Nepal-Tibet disaster | A headteacher in Nepal evacuated 900 children from a school moments before a deadly wall of water struck their town amid the devastating flash floods that have killed almost 800 people and left thousands missing.Tuesday | Justice secretary Alex Norris is due to present the government’s revised plans for the prisoner early release scheme, which includes a headroom review aimed at freeing up more space in the system.Thursday | In the first UK visit by an EU leader of Andy Burnham’s tenure, the prime minister is will host talks with French president Emmanuel Macron.Saturday | Officials from Jamaica will visit the UK to lodge a petition with King Charles to seek legal guidance from the privy council on the country’s request for reparations over Britain’s involvement in the slave trade, on the anniversary of the 1781 Zong slave ship departure from West Africa. Continue reading...

Grammy award-winning American artist selected as 13th person to submit written work to Oslo-based projectThe next manuscript by the American artist Laurie Anderson will remain unseen for 88 years, as she becomes the 13th figure to contribute to the Future Library project.Anderson joins Margaret Atwood, Han Kang, Ocean Vuong and other prominent authors who have written secret manuscripts, which have been locked away until 2114. Continue reading...

• US stock futures remained flat and bond yields rose as investors awaited a key address from Fed chief Kevin Warsh. • Warsh is scheduled to deliver a speech at the Jackson Hole symposium today at 10:00 AM ET. • Market participants are seeking specific clarity on Warsh's current economic outlook and his strategic plan to return inflation to the Fed's 2% target.

• Stock futures remained flat and bond prices dropped as investors awaited a highly anticipated speech by Kevin Warsh at the Jackson Hole symposium. • Market participants are currently hesitant to increase exposure due to the ambiguity of Warsh's recent comments, leading to conflicting expectations. • The uncertainty has split the market, with some traders bracing for a hawkish policy stance while others anticipate a more dovish message.