The Brutalist Report

Fortune

• Young Kalshi users have traded an estimated $3.9B on sports and parlay-type contracts this year, exposing a loophole that lets them bet before age 21 [11d]
• PBR promises thieves who return 40,000 pounds of stolen beer by next Tuesday ‘no questions asked.’ That won’t stop California prosecutors [11d]
• America’s high school graduating class is projected to shrink 13%. Colleges are already feeling the squeeze [11d]
• ‘I bet on myself. Literally’: Ex-Congressman George Santos banned for life from Kalshi after making $17,839 from insider trading [11d]
• Bitcoin is back—and so is Michael Saylor’s Strategy, which made its first buy in two months [11d]
• Ray Dalio was so broke early in his career he had to borrow $4,000 from his dad—and learned 2 lessons that set him on the road to billionaire status [11d]
• UAE intercepts Iranian drone over its waters in ‘dangerous escalation’ from Iran war—and threatens responding ‘decisively to aggressors’ [11d]
• Gas topped $4 daily in August for the first time. New U.S. strikes on Iran are sending oil prices even higher again [11d]
• Nissan and Honda ink deal to boost competitiveness with ‘faster development cycles’ in vehicle software [11d]
• We’re living in the ‘G-shaped economy’—where boomers control $90 trillion, and everyone else waits [11d]
• X’s AI tool Grok now allows users to buy or lend crypto with MoonPay integration [11d]
• The end of the driver’s license: Uber exec calls car ownership ‘the most inefficient asset’ and says no one will need one in 15 to 20 years [11d]
• China’s AI-fueled IPO boom hits $54 billion this year, with chipmakers and Shein’s $1.7 billion IPO [11d]
• Nearly 1,000 people are missing in Nepal’s floods, and hundreds more are trapped in hydropower tunnels as flood knocks 10% of power capacity offline [11d]
• The tropical nation of Palau has no traffic lights and just 18,000 people—and it’s now ground zero for a U.S.-China standoff [11d]
• Cash-strapped colleges are draining their endowments to survive [11d]
• ‘Heaven help us’: One dead and 15 missing after flash flood in Grand Canyon—with more flooding forecast [11d]
• Japan doubled defense spending to counter China. Now it wants AI, underwater attack drones and government-owned weapons factories [11d]
• Current price of oil as of August 31, 2026 [11d]
• Workers are flooding this ex-McKinsey consultant with bad-boss horror stories. He says they reveal a growing trust problem for HR [11d]
• The Fed is watching AI token prices. Here’s why CFOs should, too [11d]
• Target’s missteps have alienated consumers and shaken investors. Executive Chair Brian Cornell should step down [11d]
• ‘Just really shocking’: One of America’s top Social Security advisors is unsettled by how many people are withdrawing early [11d]