Market News for August 13, 2026
Every story Market Flux published on August 13, 2026.
- Top Story
Veritone Stock Falls 23% After Q2 Results as Losses Widen Despite Data Refinery Growth
Veritone shares dropped 23% after the company reported second-quarter 2026 results on August 13, with an operating loss of $22.1 million, a $3.1 million or 16.4% increase year over year…
- Top Story
SanDisk Soars 14% at Investor Day as Micron Raises US Spending Pledge and Tapestry Tumbles on Guidance
SanDisk shares surged roughly 14% on Thursday after the flash memory maker held its In Focus 2026 Investor Day and laid out a multi-year financial framework covering fiscal years 2028…
- Market Flux Event
S&P 500 Closes at Record 7,799 After Two Straight Days of Soft Inflation Data Ease Fed Hike Fears
The S&P 500 closed at a record high of 7,799 on August 13 after two consecutive days of softer-than-expected inflation readings, with July producer price data joining the prior day's…
- Market Flux Event
SEC Abruptly Cancels Friday Vote on Proposed Reg Crypto Offering Framework
The U.S. Securities and Exchange Commission canceled its August 14 open meeting without setting a new date, shelving a long-anticipated vote on whether to advance a proposal known as…
- Market Flux Event
Dozens of US Companies File 8-K Disclosures With SEC on August 13
A broad wave of regulatory filings hit the SEC on August 13, 2026, with more than two dozen publicly traded companies submitting 8-K current reports within a narrow after-hours window…
- Market Flux Event
Veritone Stock Falls 23% After Q2 Results as Losses Widen Despite Data Refinery Growth
Veritone shares dropped 23% after the company reported second-quarter 2026 results on August 13, with an operating loss of $22.1 million, a $3.1 million or 16.4% increase year over year…
- Market Flux Event
Reddit to Join S&P 500 on August 18, Shares Surge 11%
Reddit will be added to the S&P 500 on August 18, replacing AvalonBay Communities Inc., sending shares of the social media company up 11% in extended trading on Thursday. The inclusion is a…
- Market Flux Event
Trump Imposes 100% Tariff on Sensitive Drones in Bid to Cut US Reliance on Foreign Supplies
The Trump administration announced sweeping tariffs on foreign drone imports, with a 100% duty applied to unmanned aircraft systems of a certain size or those with national-security…
- Market Flux Event
Trump Imposes 100% Tariffs on Sensitive Drones, Wins De Minimis Court Fight, and Orders Navy Back to Steam Catapults
President Trump took three sweeping unilateral actions on August 13, capping a day of overlapping trade and defense moves. On tariffs, the White House announced a 100% duty on certain…
- Market Flux Event
Trump Pivots to Economic Squeeze on Iran After Military Campaign Stalls, Vance Names Cheap Oil as Top Priority
The Trump administration is shifting its Iran strategy toward suffocating economic pressure after a military campaign that included a June 2026 war failed to force Tehran's capitulation…
- Most Active
Thoma Bravo to Acquire Accelerant Holdings in $4.4B All-Cash Deal at $20.25 Per Share
Private-equity firm Thoma Bravo agreed to take Accelerant Holdings (ARX) private in an all-cash deal valuing the data-driven risk exchange at more than $4.4 billion enterprise value, at…
- Top Mover
Tapestry Shares Plunge 15% as Soft FY27 Guidance Overshadows Strong Q4 Beat
Tapestry reported fiscal fourth-quarter 2026 results that topped estimates across every major metric, yet shares fell roughly 15% on the day, making it the worst performer in the S&P 500…
- Top Mover
Cisco Shares Tumble 9% Despite Record Q4 Revenue and Raised AI Outlook as Margin Fears Dominate
Cisco Systems reported fiscal fourth-quarter 2026 revenue of $17.3 billion, up 18% year-over-year and above the $16.82 billion analyst estimate, capping a record $63 billion full fiscal…
- Top Mover
HP Inc. Surges 6% as Lenovo's Strong Quarter Lifts PC and Server Hardware Stocks
HP Inc. shares jumped roughly 6% in premarket trading on August 13 and held gains through the session, outperforming the broader market as investors rotated into PC and server hardware…
- Top Mover
Bill Ackman Adds S&P Global to Pershing Square Portfolio in Biggest Holdings Revamp in Years
Bill Ackman's Pershing Square disclosed six new stock positions on August 13, with S&P Global among the additions alongside Netflix, Visa, Mastercard, Alcon, and Intercontinental Exchange…
- Top Mover
Bill Ackman Returns to Netflix With 3.15 Million Share Stake Four Years After $430 Million Loss
Bill Ackman's Pershing Square Capital Management disclosed a new position in Netflix totaling 3.15 million shares, valued at approximately $2.1 billion and representing 4.9% of its…
- Top Mover
HSBC Upgrades Keurig Dr Pepper to Buy With $40 Target After Q2 Beat
Keurig Dr Pepper received an upgrade to Buy from Hold at HSBC Securities on August 13, with analysts setting a $40 price target and pointing to upside in the stock. The move followed KDP's…
- Top Mover
Silver Lake in Talks to Acquire Workday in One of Largest Software Buyouts Ever
Private equity firm Silver Lake is in discussions to acquire Workday, the cloud human-resources and financial software provider, in a deal that would rank among the largest software buyouts…
- Market Flux Event
Applied Materials Posts Record Q3 Revenue and Issues Guidance Above Estimates on AI Demand
Applied Materials reported record third-quarter revenue of $9.12 billion, topping the $9.02 billion analyst estimate and rising 25% year over year. Adjusted earnings per share came in at…
- Market Flux Event
SanDisk Soars 14% at Investor Day as Micron Raises US Spending Pledge and Tapestry Tumbles on Guidance
SanDisk shares surged roughly 14% on Thursday after the flash memory maker held its In Focus 2026 Investor Day and laid out a multi-year financial framework covering fiscal years 2028…
- Unusual Volume
Tapestry Slides Nearly 11% as Soft FY27 Revenue Outlook Overshadows Strong Q4 Beat
Tapestry reported fiscal fourth-quarter revenue of $1.9 billion, up 9% year-over-year and above the roughly $1.88 billion consensus estimate, while adjusted EPS of $1.32 beat the $1.28…
- Unusual Volume
Wolverine World Wide Raises Full-Year Revenue Outlook to Up to $2B After Q2 Beat
Wolverine World Wide posted second-quarter adjusted earnings per share of $0.40, beating estimates by $0.02, on revenue of $506.4 million, which topped expectations by roughly $5.1 million…
- Market Flux Event
Silver Lake in Talks to Acquire Workday in Deal That Could Rank Among Largest Software Buyouts Ever
Private equity firm Silver Lake is in discussions to acquire Workday, the enterprise software company currently valued at approximately $43 billion, in a transaction that would rank among…
- Unusual Volume
Intuitive Machines Posts Record Q2 Revenue of $206M but Misses Estimates on $14.7M Charge, Stock Falls 9%
Intuitive Machines reported second-quarter 2026 revenue of $206.2 million, a roughly 310% year-over-year increase and a quarterly record, but the figure fell short of the Wall Street…
- Market Flux Event
Diesel Cracks Hit Record Above $98 as Houthi Drone Strike Hits Aramco Jazan Refinery and Hormuz Workarounds Emerge
Diesel crack spreads surged above $98 a barrel to a record high after a Houthi-claimed drone attack sparked a fire at Saudi Aramco's 400,000-barrel-per-day Jazan refinery in southwestern…
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- Market Flux Event
Houthi Drone Strike on Saudi Aramco Jazan Refinery Sends Diesel Cracks to Record High Above $98
Yemen's Houthi movement launched two drones at Saudi Aramco's refinery in Jazan, Saudi Arabia, on August 13, according to the group's state-run SABA news agency. The Houthis said the attack…
- Market Flux Event
Brookfield Corporation Q2 2026 Earnings Miss but Record Fundraising and Distributable Earnings Growth Offset Concerns
Brookfield Corporation reported second-quarter adjusted earnings of $0.14 per share, falling well short of the Wall Street consensus of $0.65, sending shares 0.13% lower in premarket…
- Market Flux Event
Trezor Data Breach Via Logistics Partner ShipMonk Exposes Personal Data of 13,689 Hardware Wallet Customers
Trezor disclosed on August 13 that a data breach at ShipMonk, the third-party fulfillment and logistics partner responsible for storing and shipping its hardware wallets, exposed order data…
- Market Flux Event
AI Infrastructure Stocks Rally as CoreWeave, Nebius, and Super Micro Beat Estimates While Bubble Warnings Mount
A broad rally swept through AI-linked equities on August 13 after a cluster of strong earnings reports reinforced confidence in infrastructure spending. AI cloud providers CoreWeave and…
- Market Flux Event
OpenAI CRO Denise Dresser Exits After Less Than a Year as Wiz COO Dali Rajic Takes Over
OpenAI said Thursday that Chief Revenue Officer Denise Dresser is departing less than a year after she joined, citing a desire to pursue other opportunities. Dresser, the former CEO of…
- Market Flux Event
Hegseth Says US Naval Blockade on Iran Can Be Maintained Indefinitely
Defense Secretary Pete Hegseth declared on August 13 that the United States can hold its naval blockade on Iranian ports for as long as necessary, signaling no near-term intention to relent…
- Unusual Volume
Cerebras Systems Tumbles After Q2 Revenue Miss Despite Raised Full-Year Guidance
Cerebras Systems (NASDAQ: CBRS) whipsawed sharply on Wednesday and Thursday after its second-quarter results disappointed Wall Street on the top line. The stock surged 11.6% during the…
- Market Flux Event
USS George Washington to Replace USS Abraham Lincoln in Middle East as Iran Tensions Persist
The United States is deploying the USS George Washington aircraft carrier to the Middle East to replace the USS Abraham Lincoln in what the Pentagon describes as a previously scheduled…
- Unusual Volume
Cisco Shares Slide 9% Despite Record Q4 Revenue and Raised AI Outlook as Margin Fears Dominate
Cisco Systems reported fiscal fourth-quarter 2026 revenue of $17.3 billion, up 18% year over year and above the $16.82 billion analyst consensus, while non-GAAP earnings per share of $1.22…
- Market Flux Event
Databricks Closes $5 Billion Funding Round at $190 Billion Valuation as Revenue Run Rate Tops $7 Billion
Databricks on Thursday closed a $5 billion funding round at a $190 billion valuation, up sharply from the $134 billion valuation it carried after a February round of the same size. The…
- Top Story
GDS Holdings Swings to Profit and Doubles AI-Driven Bookings Target to 1 Gigawatt
GDS Holdings reported a return to profitability in the second quarter of 2026, accompanied by strong revenue growth, and raised its full-year 2026 bookings target to 1 gigawatt from a prior…
- Market Flux Event
US July PPI Flat as Energy Prices Dip, Missing Forecasts on All Measures
U.S. producer prices were unchanged in July, the Labor Department reported, falling short of the Dow Jones consensus estimate of a 0.2% monthly gain and reversing course after a 0.1%…
- Market Flux Event
Cleveland Fed's Hammack Calls for Immediate Rate Hike Citing Stubborn Broad-Based Inflation
Cleveland Federal Reserve President Beth Hammack repeated her call on August 13 for the Fed to raise interest rates immediately, arguing that current monetary policy is not restrictive…
- Market Flux Event
US July Producer Prices Flat as Energy Costs Ease, Undercutting Inflation Fears
US producer prices were unchanged in July on a monthly basis, missing expectations of a 0.2% gain and following a 0.1% decline in June, according to data released August 13. On an annual…
- Market Flux Event
GDS Holdings Swings to Profit and Doubles AI-Driven Bookings Target to 1 Gigawatt
GDS Holdings reported a return to profitability in the second quarter of 2026, accompanied by strong revenue growth, and raised its full-year 2026 bookings target to 1 gigawatt from a prior…
- Market Flux Event
Yen Holds Near 160 Per Dollar as Intervention Risk Keeps Markets on Edge
The Japanese yen was hovering around 159.36 per dollar on August 13, remaining within striking distance of the 160 level that has historically prompted Japanese government intervention to…
- Market Flux Event
US Stock Futures Rise as Oil Drops Ahead of July PPI Report
US stock futures edged higher on Thursday morning as falling oil prices provided a tailwind to markets ahead of the July producer price index report, due at 8:30 a.m. ET. Dow Jones…
- Market Flux Event
Lenovo Q1 Revenue Surges 43% on AI Infrastructure Demand, Shares Hit Record High
Lenovo Group reported first-quarter fiscal year revenue that beat analyst expectations and rose 43% year over year, the company's highest-ever quarterly revenue, driven by surging demand…