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Top stories and hot topics from the media in the world, a division of @iBreaking .
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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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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