financeThursday, August 13, 2026
July's CPI landed exactly on forecast, giving markets a moment of relief, but the underlying details are messy and the Fed isn't out of the woods. Meanwhile, AI infrastructure earnings split the market: Cerebras plunged despite solid results, while CoreWeave and Super Micro surged.
The headline CPI number was perfect, but the details and the Fed's own metrics suggest the fight isn't over.
The perfect CPI print masks a mess underneath: energy prices are still up nearly 15% year-over-year after the Strait of Hormuz disruption. Markets rallied on the headline, but the details suggest the spring's energy shock hasn't fully passed through.
A reminder that 3.4% inflation is still 70% above target, and the piece urges Fed Chair Warsh to keep the pressure on. It's a hawkish counterweight to the market's relief rally.
The Fed's preferred core PCED metric may still run hot, and Williams is already signaling tightening if monthly readings stay above 0.2%. The CPI headline might be good news, but the underlying trend is less comforting.
AI infrastructure earnings told two stories today: one of soaring demand, another of investor impatience.
CoreWeave and Super Micro's 19% surges on blowout earnings validate the AI infrastructure buildout, dragging Dell and the whole SOXX index up. This is the demand side of the AI trade, and it's still firing.
Cerebras beat on earnings and raised guidance, yet the stock fell 17%. The market is punishing anything that isn't growing fast enough, or maybe it's just the valuation. Either way, it's a stark contrast to the CoreWeave rally.
Beyond the inflation headlines, the budget deficit hit a multi-year high and crypto's regulatory plumbing showed strain.
The July deficit hit $432 billion, the highest since March 2021, with interest payments and Medicare costs driving the surge. The cumulative shortfall is nearly $1.8 trillion with two months left in the fiscal year.
Zerohash, the infrastructure behind Morgan Stanley's crypto push, got denied a trust bank charter. It's a reminder that the regulatory plumbing for institutional crypto is still shaky, even as ETFs grab headlines.
Here’s the average 401(k) balance by age in 2026 – are you ahead or behind?www.independent.co.uk
$4.3B Onchain and Still Losing Ground: Securitize's Dirty Secret Is Outcryptocoverage.com
Bitcoin BIP-54 Code Finalized Amid Rising Mining Pool Oppositioncryptovka.com
Self-managed super funds banned from new residential property loanswww.bushletter.comAllient (ALNT) Q2 2026 Earnings Call Transcriptwww.fool.com
Record margins and strong order intake across industrial and aerospace segments.
McEwen (MUX) Q2 2026 Earnings Call Transcriptwww.fool.com
Gold prices lifted revenue 27%, yet production challenges forced downward guidance.
Indian Rupee Opens Marginally Lower as US Dollar Holds Firmbitcoinworld.co.in
BitcoinWorld Indian Rupee Opens Marginally Lower as US Dollar Holds Firm The Indian rupee opened marginally lower against the US dollar on [Date], tracking the greenback’s firmness in global markets. The local currency started at [opening rate] per dollar, compared to its previou
AUD/USD Faces Resistance at 0.7100 as USD Strength Persistsbitcoinworld.co.in
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ECOWAS targets $294 billion climate finance gap, pushes for regional carbon marketnairametrics.com
The Economic Community of West African States is pushing for a regional carbon market to help bridge the $294 billion climate finance gap facing West Africa, as climate change threatens to displace about 32 million people across the region. The post ECOWAS targets $294 billion cl
SEC sets 5 p.m. T+1 deadline for equities, commodities settlementnairametrics.com
The Securities and Exchange Commission (SEC) has set 5:00 p.m. on Trade Date plus One (T+1) as the settlement deadline for equities and commodities transactions in Nigeria’s capital market. The post SEC sets 5 p.m. T+1 deadline for equities, commodities settlement appeared first
Kerala govt to give additional ₹2 lakh to 2024 Wayanad landslides victims: CM Satheesanwww.thehindubusinessline.com
Satheesan also announced that the export-import operations will commence from Vizhinjam international seaport from August 18 onwards as necessary customs and other clearances have been granted for it.
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