Weekend Edition · Sep 12 — Oil shock, yield surge, and a big…

Weekend Edition — the week in review. • Brent crude hit $109 as Saudi output fell to a 35-year low following US strikes on Iran — a supply shock that reignites inflation risk and complicates central bank easing globally. • The 10-year Treasury yield climbed nearly 20 basis points to around 4.95% after August payrolls came in at 162K versus 56K expected — a hawkish repricing that pressured bonds, equities and housing. • Nvidia agreed to acquire Hugging Face for $12.9 billion, deepening its AI stack from silicon into open-source model infrastructure and raising fresh antitrust questions.