CNBC: Hormuz closure squeezes global economy as oil demand destruction intensifies, IEA says
The IEA expects oil demand to fall by 1.6 million barrels a day in 2026 as high fuel prices and Strait of Hormuz disruptions weigh on consumption.
https://www.cnbc.com/2026/08/12/iea-oil-demand-hormuz.html
The IEA expects oil demand to fall by 1.6 million barrels a day in 2026 as high fuel prices and Strait of Hormuz disruptions weigh on consumption.
https://www.cnbc.com/2026/08/12/iea-oil-demand-hormuz.html
CNBC
Hormuz closure squeezes global economy as oil demand destruction intensifies, IEA says
The IEA expects oil demand to fall by 1.6 million barrels a day in 2026 as high fuel prices and Strait of Hormuz disruptions weigh on consumption.
CNBC: Coreweave surges 18% in premarket after a 'cleaner quarter'. Here's what's happening
AI cloud giant Coreweave jumped in premarket trading after reporting that its second-quarter revenue doubled on surging AI demand from hyperscalers.
https://www.cnbc.com/2026/08/12/coreweave-q2-earnings-ai-demand.html
AI cloud giant Coreweave jumped in premarket trading after reporting that its second-quarter revenue doubled on surging AI demand from hyperscalers.
https://www.cnbc.com/2026/08/12/coreweave-q2-earnings-ai-demand.html
CNBC
CoreWeave gains 19%, Nebius surges 34% in post-earnings neocloud rally
AI cloud giant CoreWeave jumped in premarket trading after reporting that its second-quarter revenue doubled on surging AI demand from hyperscalers.
CNBC: China’s answer to Boeing and Airbus makes first international flight — could COMAC challenge the aviation duopoly?
China’s C919 has made its first scheduled international commercial flight, a milestone in COMAC’s bid to challenge Boeing and Airbus globally.
https://www.cnbc.com/2026/08/12/china-comac-boeing-airbus.html
China’s C919 has made its first scheduled international commercial flight, a milestone in COMAC’s bid to challenge Boeing and Airbus globally.
https://www.cnbc.com/2026/08/12/china-comac-boeing-airbus.html
CNBC
China’s answer to Boeing and Airbus makes first international flight — could COMAC challenge the aviation duopoly?
China’s C919 has made its first scheduled international commercial flight, a milestone in COMAC’s bid to challenge Boeing and Airbus globally.
CNBC: Scorching heat is straining Europe's nuclear power supplies — and prompting drastic measures
Heat and drought are curbing nuclear output across Europe, with Romania facing a possible reactor shutdown and France reducing generation.
https://www.cnbc.com/2026/08/12/europe-heat-drought-nuclear-power.html
Heat and drought are curbing nuclear output across Europe, with Romania facing a possible reactor shutdown and France reducing generation.
https://www.cnbc.com/2026/08/12/europe-heat-drought-nuclear-power.html
CNBC
Scorching heat is straining Europe's nuclear power supplies — and prompting drastic measures
Heat and drought are curbing nuclear output across Europe, with Romania facing a possible reactor shutdown and France reducing generation.
CNBC: Meta and Nvidia plant 'very firm flag' in open-weight AI race led by Chinese Labs
With China way ahead in the market for open-weight models, Meta and Nvidia are both doing what they can to put the U.S. on the map.
https://www.cnbc.com/2026/08/12/meta-nvidia-open-weight-ai-race-china.html
With China way ahead in the market for open-weight models, Meta and Nvidia are both doing what they can to put the U.S. on the map.
https://www.cnbc.com/2026/08/12/meta-nvidia-open-weight-ai-race-china.html
CNBC
Meta and Nvidia plant 'very firm flag' in open-weight AI race led by Chinese Labs
With China way ahead in the market for open-weight models, Meta and Nvidia are both doing what they can to put the U.S. on the map.
CNBC: Mortgage rates finally stop rising, causing demand to trickle back
Mortgage rates finally eased a tiny bit, but it was enough to bring some demand back to a very beleaguered mortgage market.
https://www.cnbc.com/2026/08/12/mortgage-rates-finally-stop-rising-causing-demand-to-trickle-back-.html
Mortgage rates finally eased a tiny bit, but it was enough to bring some demand back to a very beleaguered mortgage market.
https://www.cnbc.com/2026/08/12/mortgage-rates-finally-stop-rising-causing-demand-to-trickle-back-.html
CNBC
Mortgage rates finally stop rising, causing demand to trickle back
Mortgage rates finally eased a tiny bit, but it was enough to bring some demand back to a very beleaguered mortgage market.
CNBC: AI’s costly buildout complicates the Fed’s inflation fight
Tech leaders say AI will drive down costs. But slow corporate adoption and the data center buildout create inflation pressures that complicate the Fed’s job.
https://www.cnbc.com/2026/08/12/ais-costly-buildout-complicates-the-feds-inflation-fight.html
Tech leaders say AI will drive down costs. But slow corporate adoption and the data center buildout create inflation pressures that complicate the Fed’s job.
https://www.cnbc.com/2026/08/12/ais-costly-buildout-complicates-the-feds-inflation-fight.html
CNBC
AI’s costly build-out complicates the Fed’s inflation fight
Tech leaders say AI will drive down costs. But slow corporate adoption and the data center build-out create inflation pressures that complicate the Fed’s job.
CNBC: Jim Cramer's top 10 things to watch in the stock market Wednesday
The July CPI report matched expectations, and CoreWeave's earnings report shows booming demand for Nvidia chips.
https://www.cnbc.com/2026/08/12/jim-cramers-top-10-things-to-watch-in-the-stock-market-wednesday.html
The July CPI report matched expectations, and CoreWeave's earnings report shows booming demand for Nvidia chips.
https://www.cnbc.com/2026/08/12/jim-cramers-top-10-things-to-watch-in-the-stock-market-wednesday.html
CNBC
Jim Cramer's top 10 things to watch in the stock market Wednesday
The July CPI report matched expectations, and CoreWeave's earnings report shows booming demand for Nvidia chips.
CNBC: 'Tougher times ahead': Don't expect blowout returns to continue, CEO of $2.3 trillion fund warns after record first half
Norway's sovereign wealth fund, the largest of its kind, is an investor in around 1.5% of the world's listed companies.
https://www.cnbc.com/2026/08/12/norway-sovereign-wealth-tangen-nbim.html
Norway's sovereign wealth fund, the largest of its kind, is an investor in around 1.5% of the world's listed companies.
https://www.cnbc.com/2026/08/12/norway-sovereign-wealth-tangen-nbim.html
CNBC
'Tougher times ahead': Don't expect blowout returns to continue, CEO of $2.3 trillion fund warns after record first half
Norway's sovereign wealth fund, the largest of its kind, is an investor in around 1.5% of the world's listed companies.
CNBC: Consumer prices rose 0.1% in July, as expected, putting the annual rate at 3.4%
The consumer price index was expected to increase 0.1% in July, with an annual rate of 3.4%.
https://www.cnbc.com/2026/08/12/cpi-inflation-report-july-2026.html
The consumer price index was expected to increase 0.1% in July, with an annual rate of 3.4%.
https://www.cnbc.com/2026/08/12/cpi-inflation-report-july-2026.html
CNBC
Consumer prices rose 0.1% in July, as expected, putting the annual rate at 3.4%
The consumer price index was expected to increase 0.1% in July, with an annual rate of 3.4%.
CNBC: Home Depot CEO taking temporary medical leave, two top execs to run the retailer
Home Depot's CEO Ted Decker is taking a temporary medical leave of absence that's expected to last a few months.
https://www.cnbc.com/2026/08/12/home-depot-ceo-ted-decker-medical-leave.html
Home Depot's CEO Ted Decker is taking a temporary medical leave of absence that's expected to last a few months.
https://www.cnbc.com/2026/08/12/home-depot-ceo-ted-decker-medical-leave.html
CNBC
Home Depot CEO taking temporary medical leave, two top execs to run the retailer
Home Depot's CEO Ted Decker is taking a temporary medical leave of absence that's expected to last a few months.
CNBC: Solar eclipse drives Europe hotel prices to over $1,000 a night
Eclipse demand pushed some Spain and Iceland stays above $1,000 a night, while Iceland hotels cut prices sharply closer to Aug. 12.
https://www.cnbc.com/2026/08/12/solar-eclipse-europe-hotel-prices.html
Eclipse demand pushed some Spain and Iceland stays above $1,000 a night, while Iceland hotels cut prices sharply closer to Aug. 12.
https://www.cnbc.com/2026/08/12/solar-eclipse-europe-hotel-prices.html
CNBC
Solar eclipse drives Europe hotel prices to over $1,000 a night
Eclipse demand pushed some Spain and Iceland stays above $1,000 a night, while Iceland hotels cut prices sharply closer to Aug. 12.
CNBC: Trust, but hedge: Quietly violent summer lingers as bulls buy crash protection
It's been a wild summer for stocks, even if it may not feel like it at surface level.
https://www.cnbc.com/2026/08/12/trust-but-hedge-quietly-violent-summer-lingers-as-bulls-buy-crash-protection.html
It's been a wild summer for stocks, even if it may not feel like it at surface level.
https://www.cnbc.com/2026/08/12/trust-but-hedge-quietly-violent-summer-lingers-as-bulls-buy-crash-protection.html
CNBC
Trust, but hedge: Quietly violent summer lingers as bulls buy crash protection
It's been a wild summer for stocks, even if it may not feel like it at surface level.
CNBC: Google’s new Pixel 11 puts Gemini at center of AI phone battle with Apple
Google is launching the Pixel 11 lineup weeks before Apple rolls out a rebuilt Siri powered by Gemini AI models.
https://www.cnbc.com/2026/08/12/google-pixel-11-gemini-ai-phone-apple.html
Google is launching the Pixel 11 lineup weeks before Apple rolls out a rebuilt Siri powered by Gemini AI models.
https://www.cnbc.com/2026/08/12/google-pixel-11-gemini-ai-phone-apple.html
CNBC
Google’s new Pixel 11 puts Gemini at center of AI phone battle with Apple
Google is launching the Pixel 11 lineup weeks before Apple rolls out a rebuilt Siri powered by Gemini AI models.
CNBC: Here's the inflation breakdown for July 2026 — in one chart
Costs remain elevated for consumers, however inflation is showing some signs of easing, economists say.
https://www.cnbc.com/2026/08/12/inflation-breakdown-for-july-2026-cpi-in-one-chart.html
Costs remain elevated for consumers, however inflation is showing some signs of easing, economists say.
https://www.cnbc.com/2026/08/12/inflation-breakdown-for-july-2026-cpi-in-one-chart.html
CNBC
Here's the inflation breakdown for July 2026 — in one chart
Costs remain elevated for consumers, however inflation is showing some signs of easing, economists say.
CNBC: Wendy's stock jumps on report of potential takeover bid from Nelson Peltz's Trian Fund Management
Peltz's relationship with Wendy's dates back to an activist campaign he led more than two decades ago.
https://www.cnbc.com/2026/08/12/wendys-stock-jumps-on-nelson-peltz-takeover-bid-report.html
Peltz's relationship with Wendy's dates back to an activist campaign he led more than two decades ago.
https://www.cnbc.com/2026/08/12/wendys-stock-jumps-on-nelson-peltz-takeover-bid-report.html
CNBC
Wendy's stock jumps on report of potential takeover bid from Nelson Peltz's Trian Fund Management
Peltz's relationship with Wendy's dates back to an activist campaign he led more than two decades ago.
CNBC: Small investors became a major stock market force. Now, they risk getting pushed back into the dark
Retail investors' access to information could take a hit at a time when they are more important than ever in financial markets.
https://www.cnbc.com/2026/08/12/retail-investors-truthapi-earnings-trump.html
Retail investors' access to information could take a hit at a time when they are more important than ever in financial markets.
https://www.cnbc.com/2026/08/12/retail-investors-truthapi-earnings-trump.html
CNBC
Small investors became a major stock market force. Now, they risk getting pushed back into the dark
Retail investors' access to information could take a hit at a time when they are more important than ever in financial markets.
CNBC: Trump officials float cut to capital gains tax on home sales. What it could mean for homeowners
Trump officials may be considering a tax break for homeowners selling their primary residence in the lead up to the midterm elections.
https://www.cnbc.com/2026/08/12/trump-officials-float-cut-to-capital-gains-tax-on-home-sales.html
Trump officials may be considering a tax break for homeowners selling their primary residence in the lead up to the midterm elections.
https://www.cnbc.com/2026/08/12/trump-officials-float-cut-to-capital-gains-tax-on-home-sales.html
CNBC
Trump officials float cut to capital gains tax on home sales. What it could mean for homeowners
Trump officials may be considering a tax break for homeowners selling their primary residence in the lead up to the midterm elections.
CNBC: Trump sued over Truth Social advance access sale
The lawsuit, filed in U.S. District Court in Manhattan, notes that Trump's posts on his own social media site often move financial markets.
https://www.cnbc.com/2026/08/12/trump-truth-social-lawsuit.html
The lawsuit, filed in U.S. District Court in Manhattan, notes that Trump's posts on his own social media site often move financial markets.
https://www.cnbc.com/2026/08/12/trump-truth-social-lawsuit.html
CNBC
Trump sued over Truth Social advance access sale
The lawsuit, filed in U.S. District Court in Manhattan, notes that Trump's posts on his own social media site often move financial markets.
CNBC: Bob Iger, Joshua Kushner buy Los Angeles Lakers at a $12.5 billion valuation, source says
Venture capital founder Joshua Kushner and former Disney CEO Bob Iger acquire Mark Walter's stake in Los Angeles Lakers at valuation of more than $12 billion.
https://www.cnbc.com/2026/08/12/bob-iger-joshua-kushner-buy-los-angeles-lakers-from-mark-walter.html
Venture capital founder Joshua Kushner and former Disney CEO Bob Iger acquire Mark Walter's stake in Los Angeles Lakers at valuation of more than $12 billion.
https://www.cnbc.com/2026/08/12/bob-iger-joshua-kushner-buy-los-angeles-lakers-from-mark-walter.html
CNBC
Bob Iger, Joshua Kushner buy Los Angeles Lakers at a $12.5 billion valuation, source says
Venture capital founder Joshua Kushner and former Disney CEO Bob Iger acquire Mark Walter's stake in Los Angeles Lakers at valuation of more than $12 billion.
CNBC: Amazon shares appear stuck in a rut. Trader Mike Khouw is betting things will stay that way
For investors who suspect Amazon could be range-bound for the next seven weeks, consider a “jade lizard.”
https://www.cnbc.com/2026/08/12/amazon-shares-appear-stuck-in-a-rut-trader-mike-khouw-is-betting-things-will-stay-that-way.html
For investors who suspect Amazon could be range-bound for the next seven weeks, consider a “jade lizard.”
https://www.cnbc.com/2026/08/12/amazon-shares-appear-stuck-in-a-rut-trader-mike-khouw-is-betting-things-will-stay-that-way.html
CNBC
Amazon shares appear stuck in a rut. Trader Mike Khouw is betting things will stay that way
For investors who suspect Amazon could be range-bound for the next seven weeks, consider a “jade lizard.”