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Top stories and hot topics from the media in the world, a division of @iBreaking .
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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
CNBC: Strait of Hormuz ship traffic near three-month low as U.S.-Iran deal in doubt

Traffic is about 90% lower than the daily average of 130 ships that transited Hormuz before the U.S. and Israel attacked Iran on Feb. 28.

https://www.cnbc.com/2026/08/12/strait-hormuz-ship-traffic-iran-war-deal.html
CNBC: SpaceX short sellers are running out of bullets as stock rebounds more than 30% off low

Short interest in SpaceX fell to about 11% of the company's publicly traded shares Wednesday, down sharply from a peak of 34% last week, according to S3.

https://www.cnbc.com/2026/08/12/spacex-short-sellers-are-running-out-of-bullets-as-stock-rebounds-38percent-off-low.html
CNBC: 'Nobody wants it': Lettuce prices see record-setting plunge as cyclospora spooks consumers

Lettuce prices posted their sharpest month-over-month decline on record as diners reconsider the vegetable amid the cyclospora outbreak.

https://www.cnbc.com/2026/08/12/lettuce-prices-cyclospora-cpi.html
CNBC: U.S. budget deficit surged in July to highest level since March 2021

Beyond the big single-month jump, the collective red ink over the 10 months of the fiscal year rose to nearly $1.8 trillion, surpassing the same period in 2025.

https://www.cnbc.com/2026/08/12/us-budget-deficit-surged-in-july-to-highest-level-since-march-2021.html
CNBC: How the market is trading gold as Fed rate hike and inflation odds shift

Gold prices have been volatile in 2026, but a recent rally shows renewed investor interest amid tamer inflation data and changing Fed rate expectations.

https://www.cnbc.com/2026/08/12/gold-prices-metals-fed-rate-hike-inflation.html
CNBC: Saudi Arabia ramps up oil exports through Mediterranean pipeline to avoid attacks in Red Sea

Oil exports from Egypt's Mediterranean port of Sidi Kerir have more than doubled. The crude is mostly from Saudi Arabia, according to Kpler.

https://www.cnbc.com/2026/08/12/saudi-arabia-iran-oil-red-sea-houthi-suez-canal-strait-hormuz.html
CNBC: Trump says Karoline Leavitt resigning as White House press secretary

Leavitt, who is the youngest White House press secretary every, gave birth in May to a girl, her second child.

https://www.cnbc.com/2026/08/12/trump-white-house-karoline-leavitt-resigning-.html
CNBC: Cerebras stock plunges 14% after second earnings report following IPO

Cerebras Systems reported better-than-expected second-quarter revenue and and raised its full-year guidance.

https://www.cnbc.com/2026/08/12/cerebras-cbrs-q2-earnings-report-2026.html
CNBC: Ford says it's increasing Lincoln production in the U.S. in 2030

Ford said on Wednesday that it will be increasing production of its Lincoln cars in the U.S. beginning in 2030.

https://www.cnbc.com/2026/08/12/ford-lincoln-us-china.html
CNBC: Japan wholesale inflation eases slightly to 7.2%, undershooting expectations

The PPI reading was lower than the 7.4% expected by economists polled by Reuters, and was down from a revised 7.3% seen in June.

https://www.cnbc.com/2026/08/13/japan-ppi-inflation-energy-prices-takaichi-cpi.html
CNBC: Inside India newsletter: Why global funds are flocking to GIFT City in Modi’s home state

Favorable regulations, a growing local investor base, and tax holidays are giving momentum to India's GIFT City.

https://www.cnbc.com/2026/08/13/global-funds-blackrock-modi-gift-city.html
CNBC: Goldman says Japan's $1 trillion of reserves leaves 'plenty of capacity' for further yen interventions

Japan has enough cash at its disposal for a couple more rounds of yen-buying on the scale of last month's intervention, Goldman Sachs says.

https://www.cnbc.com/2026/08/13/us-japan-dollar-yen-intervention-goldman.html
CNBC: Oil rises on worries over supply disruptions as spill near Oman worsens

News of recent deadly attacks on vessels in the Gulf of Oman and the Red Sea drove oil higher. An oil spill near Oman continued to worsen.

https://www.cnbc.com/2026/08/13/oil-spill-near-oman-worries-over-supply-.html
CNBC: This Chinese firm has topped Micron and Kioxia in shipments of crucial NAND memory chips

Counterpoint Research looked at the NAND segment of memory chips, which is benefitting along with the larger DRAM segment from artificial intelligence demand.

https://www.cnbc.com/2026/08/13/chinese-firm-tops-micron-kioxia-shipments-nand-memory-chips.html