Oil price is on fire (because oil is on fire).

Mortgage rates are dropping.

You met my friend Dame Judy Drench?

Happy daylight savings to those who celebrate. Does anybody actually celebrate it?

Markets

PAST WEEK

YEAR-SO-FAR

Nasdaq

-0.5%

-3.7%

S&P500

-1.3%

-1.7%

MSCI Emerging Markets

-6.4%

+1.9%

Bitcoin*

+1.8%

-24.1%

Ethereum*

+0.9%

-35.6%

Stock of the week:
Wix.com

+34.8%

+16.9%

Crypto of the week:
OKB

+29.7%

-3.1%

*Source: CoinGecko.com As of 7:42PM March 8, 2026

World news

Top news stories of the past week

1) Oil on fire: Oil prices have jumped to multi-year highs, with supply disruptions and uncertainty around conflict in the Middle East driving volatility. The price per barrel of oil is up almost 100% from December 15, 2025. Does this seem extreme? Well with a Saudi refinery literally set on fire from a drone strike, probably not.

2) New leader in Iran: After Iran’s leader (the Ayatollah Ali Khamenei) was assassinated on February 28, 2026, Iran has appointed his son, Mojtaba Khamenei as the new “Supreme Leader”. Is that good? No. He is similarly, or even more, resolved to fight Western powers. Expect more escalation and uncertainty.

3) Mortgage rates drop: Mortgage rates in the US fell below 6% for the first time since September 2022. This is partially due to decreasing interest rates more broadly and partially due to massively more supply than demand in the housing market. There are 44% more home sellers than buyers - a near-record gap.

Top WEIRD stories of the past week

1) The British public submitted 50,000+ names for major storm systems, including David Blowy (questionable), Stormy McStormFace, Dame Judy Drench, and Fifty Shades of Rain.

2) An Ontario man was arrested in Nevada after allegedly chasing a flock of flamingos at a Las Vegas resort and successfully smuggling a flamingo back to his hotel room. If you can’t drink without harassing animals, maybe don’t drink then!

3) A hungry British man had to be cut free by firefighters after he managed to get himself wedged inside a public telephone box while attempting to place a late-night kebab order. This guy sounds like an athlete.

Chart

You like charts? Graphs? Ya you do

Remember when I said oil prices have shot up? I wasn’t kidding.

Music

Banger of the week

Most important thing

Meme? Nah. Art.

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