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Mercari Stock Volatility Follows Pokémon Card Listing Restrictions

Mercari shares rebounded after a selloff triggered by temporary restrictions on Pokémon 30th anniversary card listings, with analysts calling the stock oversold despite ongoing global trading card demand.

Mercari shares surged over 4% on Friday, continuing their recovery from a selloff triggered by the Japanese e-commerce platform’s decision to limit listings of Pokémon’s 30th anniversary merchandise, announced on Tuesday. The company stated these constraints would persist until it can guarantee a secure trading environment. Shares plummeted 6.4% on Wednesday when the restrictions took effect, then rebounded to close 1.4% higher Thursday. The stock also outperformed the Nikkei 225 on Friday morning, which rose approximately 1%. Mercari explained it implemented the temporary ban due to concerns that a transaction surge following the anniversary release could spark trading disputes and user harassment. Citigroup linked Wednesday’s 6%+ decline to the Pokémon card listing announcement, noting Mercari’s recent share weakness had pushed the stock to “overly pessimistic levels,” deeming shares “oversold” and the pullback an investment opportunity. The bank added that second-half fiscal 2026 gross merchandise value growth exceeded expectations, with a multi-category recovery potentially supporting double-digit growth. Citi also stated that while halting certain product trades was negative for Mercari, the impact wasn’t significant enough to revise forecasts. The restrictions arrive amid a global Pokémon card frenzy. Online marketplace eBay reported “Pokémon” was searched over six million times on its U.K. site in July, highlighting sustained demand. Pokémon card prices have skyrocketed 1,350% since 2020, according to a Collectors index — which owns grading agency Professional Sports Authenticator — Verum previously reported. In February, influencer Logan Paul sold a rare Pikachu Illustrator card for over $16 million after purchasing it for just over $5 million in 2021. New cards sell out within minutes, with buyers coordinating on X and Discord. An X post this month claimed a Pokémon card fetched $2.7 million at auction, setting a record. Mercari signed an agreement with The Pokémon Company in 2023 to promote safer trading of Pokémon products on its marketplace, and introduced a 2025 policy allowing listing restrictions when fraud, transaction disputes, or extreme price volatility threaten marketplace safety.

Technologies

Bank of Japan lifts interest rates to 31-year peak, warns of inflation risks

The decision was split 7-2, with board members Toichiro Asada and Ayano Sato dissenting from the hike.

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These Cookies and SDKs are used to collect data about your browsing habits, use of the Services, your preferences, and your interaction with advertisements across platforms and devices for the purpose of delivering targeted advertising content, both on our Services and on third party sites. Third-party sites and services also use Targeting Cookies to deliver content, including advertisements relevant to your interests on the Services. If you reject these Cookies or SDKs, you will see less relevant advertising.

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Technologies

Oil Ends Week Flat While Market Assesses Potential Saudi Pipeline Disruption

Crude oil prices closed essentially flat for the week after falling for three consecutive sessions on Friday, as markets believe the planned Saudi East-West pipeline shutdown will disrupt supply much less than previously expected.

Crude oil prices declined for three straight sessions on Friday, closing essentially flat for the week, as investors expect the temporary shutdown of Saudi Arabia’s East-West pipeline to have a smaller effect on supply availability than initially anticipated.

West Texas Intermediate futures dropped 1.6% to end Friday at $100.30 per barrel, while Brent crude—a key international benchmark—decreased 0.9% to trade at $103.87. U.S. crude oil held steady weekly against a slight dip in Brent by nearly one percent.

Prices had surged more than 5% following a drone strike originating from Iraq that damaged the Saudi pipeline on Wednesday, triggering its shutdown.

“Mid Eastern oil shipments show surprising resilience despite the interruption to Saudi Arabia’s East-West pipeline,” explained Natasha Kaneva, JPMorgan’s global commodities strategy lead.

JPMorgan projects that Middle Eastern oil throughput averaged approximately 17 million barrels daily over the last ten days—roughly 6 million barrels per day shy of the 2025 benchmark.

Imagery indicates Saudi Arabia has transported 2.8 million barrels per day across the Strait of Hormuz during the preceding six days, up dramatically from just 700,000 barrels per day in August; total export volume reached 5 million bpd on Tuesday according to the analyst.

Kaneva warned that sustaining such volumes may prove challenging, noting that the alternative route seems functional barring Iranian approval.

Helima Croft, RBC Capital Markets’ global commodity strategy chief, emphasized the severity of potential disruptions to crude and refined products.

Croft indicated that Yemeni Houthi supporters in Iran likely maintain access to drone and weaponry supplies necessary for continued strikes on the East-West Pipeline and Red Sea energy assets.

Meanwhile, Rapidan Energy forecasts that the pipeline disruption will limit Saudi crude output and exports through at minimum September’s conclusion.

“Risk remains tilted toward greater disruption should the pipeline stalls beyond September or if Iran, the Houthis, or affiliated proxy factions intensify their offensive operations,” Rapidan advised on Thursday.

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Technologies

Trump administration moves forward with $24.3 billion F-35 jet sale to Saudi Arabia amid rising Houthi threats

The Trump administration has moved forward with a major defense deal involving the potential sale of F-35 fighter jets to Saudi Arabia, valued at approximately $24.3 billion, as regional tensions continue to rise.

U.S. President Donald Trump’s administration has greenlit a potential $24.3 billion arms deal involving the sale of nearly 50 F-35 fighter jets to Saudi Arabia, marking a significant enhancement of military support for the kingdom as it grapples with escalating assaults from the Iran-backed Houthis in Yemen.

The proposed package, disclosed on Thursday, encompasses 48 of Lockheed Martin’s F-35 stealth fighters — recognized globally as the most sophisticated aerial combat platforms — alongside 49 Pratt & Whitney engines and additional components.

“This envisioned transaction aligns with the foreign policy goals and national security priorities of the United States by bolstering the defenses of a key strategic partner outside NATO that serves as a stabilizing influence and catalyst for economic advancement across the Gulf region,” the Department of State emphasized in an official release.

The timing of the announcement coincides with a surge in Houthi operations targeting Saudi territory, including a rapid ground campaign aimed at asserting dominance over the Bab el-Mandeb Strait — a critical maritime corridor essential for global oil transport.

Washington maintains that equipping Riyadh with enhanced defensive capabilities will strengthen its ability to counter emerging dangers without disrupting the existing regional military equilibrium — particularly underscoring America’s long-standing commitment to preserving Israel’s qualitative military edge over adversaries in the Middle East.

Congressional review of the proposed agreement spans 30 days, during which legislators retain the option to voice objections or seek to halt the transfer. Several lawmakers have expressed reservations thus far.

Representative Raja Krishnamoorthi, a Democrat from Illinois, cautioned against proceeding with the sale given that U.S. intelligence agencies have flagged risks associated with transferring cutting-edge military technology to a nation where Chinese influence might gain access. He stated via social platform: “We cannot allow our premier stealth fighter aircraft to fall into the hands of the Chinese Communist Party through indirect means.”

Previously, Congress had scrutinized similar arms transactions with Saudi Arabia following the assassination of journalist Jamal Khashoggi in 2018 — an incident that drew widespread condemnation and intensified debates over arms exports to the Gulf state.

In May of last year, President Trump publicly commended Saudi Arabia after the White House confirmed plans for the kingdom to channel $600 billion into multiple bilateral investment initiatives. Included among these accords was a landmark defense procurement worth close to $142 billion, which officials described as delivering “advanced warfare systems and services from more than ten American defense contractors.”

Given his strong rapport with Saudi Crown Prince Mohammed bin Salman, President Trump had hosted the royal at the White House in November, further solidifying diplomatic and economic ties between the two nations.

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