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Business News

Location American Business News for 12 August 2026
Zillow predicts major mortgage rate, housing market change Real estate technology company Zillow forecasts an important shift in mortgage rates and home sales during the second half of 2026.
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Millions of consumers could get £70 each after Mastercard lawsuit Customers can expect payouts of up to £70 as part of a landmark group legal case against Mastercard next year after it settled outside court for £200m.
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Singapore Dollar Weakens Ahead of U.S. Inflation Data

Wall Street Journal - 12 Aug 2026 02:50
The Singapore dollar weakened against the greenback as investors await U.S. inflation data.
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Oil Rises; Volatility Expected Amid Middle East Developments

Wall Street Journal - 12 Aug 2026 00:23
Oil rose in early Asian trade. Crude prices remain volatile as markets react to developments in the Middle East, Infinox said.
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Forbes Fired Top Editor After Discovering He Received Secret $6 Million Payment Randall Lane, the magazines chief content officer, received the money from the founder of Shook Research, which has worked with Forbes on content about wealth advisers.
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CU vendor TruStage faces 14 suits over monthslong outage

American Banker - 12 Aug 2026 18:45
CU vendor TruStage faces 14 suits over monthslong outage The company, which says it serves 93% of credit unions, expects most key processes to run by mid-August. Its status page still said "Investigating" Wednesday.
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Consumer Debt Data Shows Overall Health Amid Persisting Divides Homeowners with low fixed-rate mortgages lead a resilient picture of the economy. But many consumers are frustrated with declining real wages and other loans.
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Gulf Oil Giants Are Spending Billions to Build Ways Around Strait of Hormuz Even if a cease-fire materializes, Gulf exporters recognize that relying strictly on the Strait of Hormuz is a risk they can no longer take.
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US inflation eases as food costs cool

BBC - 12 Aug 2026 13:40
US inflation eases as food costs cool Annual US inflation dipped to 3.4% in July, with food costs slowing and housing keeping prices slightly higher.
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Citadel Securities called the stock-market reset. Now it sees a leverage buildup on the horizon. Strategist Scott Rubner says a growing list of stock-market buyers are pushing it in a positive direction, notably big hedge funds and institutional managers.
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SEC, CFTC Target Goliath Ventures Over $400M Crypto Ponzi Federal regulators have targeted Goliath Ventures over an alleged crypto Ponzi scheme involving more than $400 million. The CFTC cites 1,600 customers, while the SEC alleges at least $425 million was raised from over 1,3...
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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.
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Gold Edges Higher Ahead of U.S. Inflation Data

Wall Street Journal - 12 Aug 2026 01:00
Gold edged higher in early Asian trade, as investors await U.S. inflation data for cues on the Federal Reserves policy path.
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CoreWeaves stock soars as earnings show major AI momentum The AI cloud provider topped revenue and earnings expectations, with its CEO cheering an important inflection point.
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Home Depot hardware store rival files Chapter 11 bankruptcy The hardware store chain operator filed for bankruptcy protection, while facing a disputed product liability and negligence lawsuit involving Roundup.
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Please Contribute Today!

TPM - 12 Aug 2026 23:49
Were almost to the critical goal we need to hit in this years Annual TPM Journalism Fund Drive. We have
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Arizona crypto ATM law helps 35 scam victims recover $171K Qualifying new customers can receive full reimbursement, including fees, if they notify both the operator and law enforcement within 30 days.
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Cerebras Swings to Second-Quarter Loss, Lifts Full-Year Outlook

Wall Street Journal - 12 Aug 2026 23:42
Cerebras Swings to Second-Quarter Loss, Lifts Full-Year Outlook The semiconductor company reported a quarterly loss of $450.5 million but still lifted its outlook for the full year.
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Nvidias biggest risk may be coming from inside its customer base One of the company's biggest customers might become a rival.
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Binance Boosts Yields up to 20% for VIP Users

Bitcoin.com - 12 Aug 2026 23:33
Binance Boosts Yields up to 20% for VIP Users Binance has launched a centralized yield hub that consolidates on-chain yield products for VIP users. The initiative is part of its broader push toward a multi-asset financial super app alongside services like Binance We...
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Louis Navellier unveils five A-rated stocks for August Here are underrated stocks benefiting from powerful trends in energy, shipping and AI infrastructure.
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Leading Automated Demo Solutions for SaaS Companies

Small Business Trends - 12 Aug 2026 23:31
Leading Automated Demo Solutions for SaaS Companies Discover the leading automated demo solutions for SaaS companies that enhance user engagement and streamline onboarding. Explore top tools and strategies to elevate your product demonstrations and drive conversions.
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