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on 08/12/2026

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.

on 08/12/2026

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.

on 08/12/2026

Cisco's stock drops despite earnings, revenue beat

Even though Cisco's quarterly results topped estimates, they weren't good enough to satisfy Wall Street.

on 08/12/2026

'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.

on 08/12/2026

SpaceX short sellers are running out of bullets as stock rebounds more than 40% 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.

on 08/12/2026

Trump says Karoline Leavitt resigning as White House press secretary

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

on 08/12/2026

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.

on 08/12/2026

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.

on 08/12/2026

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.

on 08/12/2026

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.

on 08/12/2026

EVs dominate China’s car market: 5 takeaways from the country's latest auto sales data

The China Passenger Car Association released data Tuesday showing penetration of new energy vehicles rose in July. Tesla's Model Y remained popular.

on 08/12/2026

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.

on 08/12/2026

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.

on 08/12/2026

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.

on 08/12/2026

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.

on 08/12/2026

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.

on 08/12/2026

CoreWeave counters a key bear case on the AI trade. What it means for our data center stocks

CoreWeave is seeing strong demand for six-year-old Nvidia chips, helping justify all the current AI capex.

on 08/12/2026

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.”

on 08/12/2026

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.

on 08/12/2026

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.

on 08/12/2026

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.

on 08/12/2026

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.

on 08/12/2026

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.

on 08/12/2026

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.