Inflation Was 3.4% in July, Down Slightly From the Previous Month
The inflation rate cooled to 3.4% in July, the Labor Department said Wednesday.
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U.S. Stocks Mixed After Inflation Data, AI Earnings
U.S. stocks were mixed as deadlock in the Middle East offset relatively benign consumer-inflation data and an artificial-intelligence earnings bonanza.
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OPEC Cuts Oil-Demand Forecast Again as Hormuz Talks Stall
The Organization of the Petroleum Exporting Countries again cut its forecast for global oil-demand growth for this year, as stalled talks to reopen the critical Strait of Hormuz waterway and risks in the Red Sea prolong disruptions to global supplies.
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The Budget Deficit Hit a 5-Year Record in July, Reversing Recent Improvements
Up until June, the U.S. budget deficit had been improving for fiscal year 2026.
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U.S. Crude Oil Stockpiles Post Unexpected Build
Commercial crude oil stocks excluding the Strategic Petroleum Reserve rose by 17.4 million barrels to 424.4 million barrels in the week ended Aug. 7 and were about 2% below the five-year average for the time of year, the EIA said
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USDA Makes Surprise Cut to Corn Yield Projections
The USDA projects the national corn yield for the 2026/27 season at 180.7 bushels an acre, down from the 183 bushels an acre projected in July’s report, and a much larger cut than expected by analysts.
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Norway Oil Fund Makes Record Profit, Buoyed by Asia Tech Stock Rally
The investment portfolio of the world’s largest sovereign-wealth fund returned 9.4% in the first half, delivering a profit of nearly $185 billion before currency effects.
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Hormuz Standoff Derails Oil Supply Recovery and Deepens Demand Slump, IEA Says
Global oil demand is set for a deeper contraction this year as renewed hostilities in the Middle East and shipping disruptions push up fuel prices and weigh on consumption, the agency said.
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Bank of America to Deploy $250 Billion to Bolster AI and Energy Infrastructure
The bank is joining rivals that are rolling out pledges to back investments in U.S. critical industries.
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Red-Hot Power Stocks Are Losing Steam
The data-center backlash is complicating the picture for power plant owners.
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Wealth Management Has a $3 Trillion Problem: Investors Are Keeping Too Much Cash
Advisers are pitching bonds and other investments, but many prefer to keep cash in money-market funds.
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Why Wall Street and Nvidia Are Building an Exotic Money Pipeline for the AI Boom
Executives involved are hailing it as a new asset class, but critics have concerns about using chips as collateral.
(END) Dow Jones Newswires
August 12, 2026 19:15 ET (23:15 GMT)
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