economy

South Korean Stocks Enter Bull Market as AI Trade Revives

08/12/2026, 06:36 PM economy stock_growth ai finance

The South Korean stock market has entered a technical bull market, driven by a resurgence in technology stocks, particularly in the memory chip sector, as investor confidence grows following a significant sell-off last month.

Jim Cramer Highlights Resurgence of AI Data Center Stocks Led by Nvidia, Intel, and Super Micro Computer

08/12/2026, 03:35 PM economy review ai software Lumentum Holdings Nvidia Nebius Super Micro Computer CoreWeave Intel

Jim Cramer highlights a resurgence in AI data center stocks, driven by strong demand and positive earnings reports, suggesting a recovery in this sector after a period of decline.

Cisco (CSCO) Shares Decline Despite Strong Earnings and Revenue Forecast

08/12/2026, 02:36 PM economy stock_drop ai software Cisco

Cisco's shares fell in after-hours trading despite reporting stronger-than-expected earnings and revenue, highlighting a disconnect between positive financial results and market sentiment.

Cerebras Systems (CS) stock drops 14% despite raising full-year revenue guidance in second earnings report post-IPO

08/12/2026, 01:37 PM economy stock_drop semiconductors ai

Cerebras Systems raised its full-year revenue guidance despite reporting a significant net loss, leading to a 14% drop in its stock price after the earnings announcement. This reflects investor concerns despite strong demand for its AI chips.

U.S. Budget Deficit Reaches Highest Level Since March 2021, Surging to $432.3 Billion in July

08/12/2026, 11:36 AM economy decline

The U.S. budget deficit reached its highest monthly level in over five years, driven by rising Medicare costs and interest on federal debt, which raises concerns about the nation's fiscal health and potential implications for future economic policy.

Lettuce Prices Plunge 16.4% in July Amid Cyclospora Outbreak Concerns

08/12/2026, 11:36 AM economy decline consumer

Lettuce prices experienced a historic drop of 16.4% in July due to a cyclospora outbreak that deterred consumers from purchasing the vegetable. This decline, while significant, follows a period of high prices and reflects ongoing concerns about food safety.

Stocks Rise on Positive Inflation Data and Strong Earnings from Neocloud Companies

08/12/2026, 10:37 AM economy review ai software Nebius CoreWeave Home Depot

Wednesday's inflation report showed easing consumer prices, which positively influenced stock markets and reduced the likelihood of an interest rate hike by the Federal Reserve. Additionally, strong earnings from AI cloud companies boosted investor sentiment.

July CPI Inflation Report Shows Moderate Increase, Reducing Odds for September Rate Hike

08/12/2026, 09:38 AM economy forecast finance

The July consumer price index (CPI) report indicates that inflation remains a concern, but recent data has led traders to reduce expectations for a September interest rate hike by the Federal Reserve. This shift reflects a complex interplay of factors affecting inflation, particularly energy prices and shelter costs.

Google Unveils Pixel 11 Smartphone Lineup Featuring Advanced AI Capabilities with Gemini Intelligence

08/12/2026, 07:36 AM economy announcement ai software Alphabet Apple

Google's launch of the Pixel 11 smartphone lineup, featuring its advanced Gemini AI, positions the company to compete directly with Apple as both firms enhance their AI capabilities in mobile devices. This development could influence consumer upgrade decisions and reshape smartphone interactions.

Consumer Prices Rise 0.1% in July, Annual Inflation Rate at 3.4%

08/12/2026, 06:36 AM economy forecast Analysts: Morgan Stanley finance

Recent inflation data indicates a moderation in consumer prices, which may reduce the likelihood of an immediate interest rate hike by the Federal Reserve. This development is significant for investors as it suggests a more stable economic environment in the near term.