Market News for August 12, 2026
Every story Market Flux published on August 12, 2026.
- Market Flux Event
Oil Prices Edge Higher as US-Iran Hormuz Talks Stall and Saudi Arabia Reroutes Exports Through Egypt
Crude oil prices were little changed to modestly higher on August 12 as traders balanced a deadlock in US-Iran negotiations over the Strait of Hormuz against a large build in US oil…
- Top Story
CAVA Rebounds on Strong Q2 Beat as Cyclospora Fears Ease, Cisco Reports After the Bell and Markets Hit Records
CAVA Group was on pace for its best single-day gain in five months on August 12, after reporting second-quarter results that topped Wall Street estimates across the board. The Mediterranean…
- Most Active
Nelson Peltz's Trian Fund Management Prepares Take-Private Bid for Wendy's Within Weeks
Nelson Peltz's Trian Fund Management is laying the groundwork for a bid to take Wendy's private, according to a Financial Times report published Wednesday, sending shares of the burger…
- Market Flux Event
Cerebras Systems Stock Plunges 14% After Q2 GAAP Revenue Miss Despite Raised Full-Year Outlook
Cerebras Systems shares fell roughly 14% after the AI chip company reported second-quarter results that missed Wall Street expectations on a GAAP basis, even as its core metrics beat and it…
- Market Flux Event
AI Earnings Bonanza and Cooling Inflation Leave S&P 500 Mixed as Middle East Deadlock Weighs
U.S. stocks closed mixed on August 12 as strong artificial-intelligence earnings powered the technology sector higher but geopolitical tensions in the Middle East capped broader gains. The…
- Top Mover
Home Depot CEO Ted Decker Takes Medical Leave Days Before Q2 Earnings Report
Home Depot CEO Ted Decker is taking a temporary medical leave of absence expected to last a few months, the company announced on August 12 via an SEC Form 8-K filing. Two senior executives…
- Top Mover
Lumentum Surges 15% After Q4 Revenue Doubles and Q1 Guidance Blows Past Estimates
Lumentum Holdings shares climbed roughly 15% to $942 in midday trading on Wednesday after the optical components maker posted fiscal Q4 2026 revenue of $1.01 billion, a 109% year-over-year…
- Top Mover
Super Micro Computer Surges 13-17% After Q4 Earnings Beat and Blowout FY2027 Guidance
Super Micro Computer shares jumped roughly 13-17% on August 12, trading near $35.81, after the AI server maker posted fiscal fourth-quarter results and forward guidance that decisively…
- Market Flux Event
Cisco Beats Q4 Estimates on AI Demand but Stock Falls After Results
Cisco Systems reported fiscal fourth-quarter 2026 adjusted earnings per share of $1.22, topping the $1.17 estimate, on revenue of $17.3 billion, well above the $16.85 billion consensus and…
- Market Flux Event
CAVA Rebounds on Strong Q2 Beat as Cyclospora Fears Ease, Cisco Reports After the Bell and Markets Hit Records
CAVA Group was on pace for its best single-day gain in five months on August 12, after reporting second-quarter results that topped Wall Street estimates across the board. The Mediterranean…
- Market Flux Event
Trump Media Sued Over $100,000 Early-Access Truth Social Feed as US Budget Deficit Hits $1.8 Trillion Through July
Two media organizations, including The Intercept Media, filed suit against President Trump and Trump Media over the company's Truth Social early-access program, which charges subscribers up…
- Market Flux Event
Karoline Leavitt to Leave White House Press Secretary Role at End of August
President Trump announced on August 12 that White House Press Secretary Karoline Leavitt will depart her role at the end of the month, citing her desire to spend more time with her family…
- Market Flux Event
US July Budget Deficit Hits $432 Billion, Largest Monthly Shortfall Since March 2021
The U.S. federal government posted a $432.3 billion deficit in July, far exceeding the consensus forecast of $346 billion and surging roughly 48% from the same month a year ago. It is both…
- Market Flux Event
IEA Warns of Deepening Oil Supply Crunch as Iran Conflict Stalls Hormuz Reopening
The International Energy Agency issued a sharply downgraded outlook for global oil supply on August 12, cutting its 2026 forecast by enough to show a full-year decline of 4.3 million…
- Market Flux Event
Trump Sued Over Plan to Charge $100,000 a Month for Early Access to Truth Social Posts
Two media organizations, The Intercept Media and the nonprofit Freedom of the Press Foundation, filed a lawsuit Wednesday in the U.S. Southern District of New York against President Donald…
- Unusual Volume
CoreWeave Surges 19% After Q2 Revenue Doubles and Backlog Hits $104 Billion
CoreWeave shares jumped roughly 19% on Wednesday, reaching approximately $108, after the AI cloud provider reported second-quarter revenue of $2.575 billion, more than double the $1.212…
- Market Flux Event
SpaceX Stock Jumps 7% After Musk AI Revenue Pledge as Cooler CPI Data Boosts Tech Markets
SpaceX shares (SPCX) surged roughly 7% on Wednesday to $142.62, recovering from Tuesday's 3.9% decline and climbing back above their $135 IPO price, after CEO Elon Musk told employees at an…
- Market Flux Event
Wendy's Stock Surges Up to 15% as Nelson Peltz's Trian Fund Prepares Take-Private Bid
Shares of Wendy's jumped as much as 15% on August 12 after the Financial Times reported that Nelson Peltz's Trian Fund Management is seeking investor backing to take the burger chain…
- Market Flux Event
SEC Prepares Innovation Exemption to Allow 24/7 Blockchain Trading of US Stocks as Crypto.com Launches Tokenized Derivatives
The SEC is preparing to unveil what it calls an innovation exemption that would allow digital versions of US securities to trade on blockchain-based platforms around the clock, a move that…
- Market Flux Event
US July CPI Rises 0.1% as Annual Inflation Holds at 3.4%, Easing Pressure on Fed to Hike
The Bureau of Labor Statistics reported on August 12 that the Consumer Price Index rose 0.1% in July on a seasonally adjusted basis, a rebound from June's sharp 0.4% decline but still a…
- Market Flux Event
In-Line July CPI Lifts Stocks as Rate Hike Bets Fade
Wall Street rallied on August 12 after the Bureau of Labor Statistics reported that the Consumer Price Index for All Urban Consumers rose 0.1 percent in July on a seasonally adjusted basis…
- Unusual Volume
CAVA Group Stock Surges 11% After Q2 Revenue Jumps 31% and Traffic Rebounds Despite Cyclospora Fears
CAVA Group shares climbed roughly 11% on Wednesday after the Mediterranean fast-casual chain reported second-quarter 2026 results that beat Wall Street expectations on both revenue and…
- Market Flux Event
US Crude Inventories Jump 17.4 Million Barrels in Biggest Weekly Build Since January 2023
US crude oil inventories surged by 17.4 million barrels in the week ended August 7, the Energy Information Administration reported Wednesday, the largest single-week build since January…
- Market Flux Event
OPEC Slashes 2026 Oil Demand Forecast as Hormuz Deadlock Deepens and US Crude Stockpiles Surge
OPEC cut its 2026 global oil demand growth forecast to 580,000 barrels per day from a prior estimate of 780,000 bpd, citing stalled negotiations to reopen the Strait of Hormuz and ongoing…
- Market Flux Event
July CPI Meets Expectations as CoreWeave Earnings Signal Booming AI Chip Demand
The July Consumer Price Index report released Wednesday matched expectations, marking a second straight month of cooling inflation and lifting stock futures after two consecutive days of…
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- Market Flux Event
Trump Claims 100% US Control of Strait of Hormuz as Blockade Tightens and Iran Talks Stall
President Trump declared on August 12 that the United States has total, 100% control of the Strait of Hormuz, calling the ongoing U.S. naval blockade a "wall of steel" and adding that…
- Top Story
CoreWeave Surges 21% and Super Micro Jumps 13% as AI Infrastructure Earnings Ignite Broad Sector Rally
AI infrastructure stocks posted sharp gains on Wednesday morning after blockbuster earnings from two key players. CoreWeave surged roughly 21% after the Nvidia-partnered cloud provider…
- Market Flux Event
Google Raises Pixel 11 Prices by $100 Amid Memory Crunch, Launches Foldable and New Wearables
Google debuted the Pixel 11, 11 Pro, 11 Pro XL, and 11 Pro Fold at its Made by Google 2026 event on Wednesday, August 12, raising prices by $100 across the lineup compared to the prior…
- Market Flux Event
CoreWeave and Super Micro Shares Surge as AI Infrastructure Earnings Blow Past Estimates
AI infrastructure stocks rallied sharply on August 12 after blowout results from CoreWeave and Super Micro Computer set the tone for the sector. CoreWeave jumped roughly 18-21% after…
- Unusual Volume
Super Micro Computer Surges 15% After Earnings Beat and Blowout FY2027 Guidance Revive AI Server Demand Story
Super Micro Computer shares surged roughly 13-17% to around $35.81 on August 12, topping the S&P 500 on the day, after the company delivered fiscal Q4 FY2026 results that sharply exceeded…
- Market Flux Event
US Inflation Held at 3.4% in July as Monthly CPI Rose 0.1%, Matching Forecasts
US consumer prices rose 0.1% in July on a monthly basis, leaving the annual inflation rate at 3.4%, the Labor Department reported Wednesday, exactly in line with analyst expectations. The…
- Market Flux Event
CoreWeave Surges 21% and Super Micro Jumps 13% as AI Infrastructure Earnings Ignite Broad Sector Rally
AI infrastructure stocks posted sharp gains on Wednesday morning after blockbuster earnings from two key players. CoreWeave surged roughly 21% after the Nvidia-partnered cloud provider…
- Market Flux Event
Nebius Group Q2 2026 Revenue Surges 454% to $582.3M on AI Cloud Demand, Stock Jumps 16.6% Pre-Market
Nebius Group reported second-quarter 2026 revenue of $582.3 million, a 454% year-over-year increase that topped analyst estimates of $574 million. The growth was driven almost entirely by…
- Market Flux Event
US July CPI Matches Forecasts with 3.4% Annual Gain and 0.1% Monthly Rise
The US Bureau of Labor Statistics reported that consumer prices rose 0.1% in July 2026 on a month-over-month basis, matching analyst expectations and rebounding sharply from the prior…
- Market Flux Event
Goldman Sachs to Acquire Options-Based ETF Provider NEOS for Up to $2.3 Billion
Goldman Sachs has agreed to acquire NEOS Investments, an actively managed ETF issuer specializing in options-based income strategies, in a cash-and-equity deal valued at up to $2.25…
- Market Flux Event
Tencent Q2 Revenue Jumps 11% but Profit Misses Estimates as AI Spending Surges
Tencent reported second-quarter 2026 revenue of 204.8 billion yuan ($30.4 billion), up 11% year-on-year and slightly ahead of the Bloomberg consensus estimate of 202.2 billion yuan, driven…
- Market Flux Event
Nvidia Enlists Apollo, Blackstone and BlackRock in $500 Billion AI Infrastructure Financing Consortium
Nvidia has signed memorandums of understanding with Apollo Global Management, Blackstone, BlackRock, Brookfield Asset Management, Goldman Sachs and KKR to mobilize more than $500 billion in…
- Market Flux Event
Wall Street Futures Edge Higher as Markets Brace for July CPI Data That Could Tip Fed Toward Rate Hike
U.S. stock futures climbed modestly ahead of the July Consumer Price Index report due Wednesday, August 12 at 8:30 a.m. ET, with S&P 500, Nasdaq, and Dow futures all ticking upward. The…
- Market Flux Event
Yen Gives Back Intervention Gains as US-Japan Rift Over BOJ Policy Clouds Outlook
The Japanese yen has erased roughly half of its gains from a joint US-Japan currency intervention conducted approximately two weeks ago, with USD/JPY rebounding from a post-intervention low…
- Unusual Volume
Bank of America Launches $250 Billion Critical Infrastructure Finance Initiative Through Mid-2027
Bank of America announced the Critical Infrastructure Finance Initiative on Wednesday, pledging to mobilize and deploy $250 billion over an 18-month window running from January 1, 2026…
- Market Flux Event
Harmony Protocol Exploit Mints 4 Billion ONE Tokens, Crashing Price to All-Time Low
Harmony Protocol suffered a major exploit in early Asian trading on Wednesday after an attacker allegedly minted approximately 4 billion ONE tokens without authorization, an amount equal to…
- Market Flux Event
Trump Secretly Flew on Military Jet from Turkey as Iran Plotted Attack on Air Force One
President Trump was covertly smuggled out of Turkey in an airport catering truck and flown home on a substitute military aircraft, a C-32A, at the close of last month's NATO summit after US…
- Market Flux Event
Trump-Endorsed Sen. Darline Graham Advances to Aug. 25 GOP Runoff for Late Brother Lindsey Graham's South Carolina Senate Seat
Darline Graham, appointed to the U.S. Senate seat vacated by the death of her brother Lindsey Graham, has qualified for a Republican primary runoff on August 25, according to projections…