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US 30-Year Bond Yields Hit 19-Year High of 5.23% Ahead of August 12 CPI Report
US 30-year Treasury yields hit 5.23% on August 12, 2026, the highest since 2007. Inflation fears and fiscal deficits are pushing long bonds higher as investors await CPI data.
Gold Price Today: XAU/USD Rises 0.7% to $4,400 as Investors Await US CPI for Fed Rate Clues
On August 12, 2026, the spot gold price climbed 0.7% to hover near $4,400 per ounce. Traders pushed XAU/USD higher as global markets braced for key US Consumer Price Index data. Weak July non-farm payrolls added only 23,000 jobs, shifting market expectations for Federal Reserve rate cuts. Middle East geopolitical friction and robust central bank…
Tencent Q2 Profit Misses Estimates at RMB56 Billion as AI Spending Rises, Revenue Jumps 11% to RMB204.8 Billion
Tencent reported second-quarter 2026 results Wednesday, missing profit estimates as AI spending surged sharply. Net profit attributable to equity holders reached RMB56.0 billion, up just 0.7% year-over-year. That figure fell roughly 4% short of the RMB58.5 billion analyst consensus. Revenue climbed 11% to RMB204.8 billion, beating expectations of RMB202.7 billion for the quarter. Tencent Q2…
Super Micro Computer Stock Surges 9% as $65-72 Billion FY2027 Revenue Outlook Crushes Forecasts
On August 12, 2026, Super Micro Computer (NASDAQ: SMCI) stock jumped about 9% after the company issued a FY2027 revenue forecast of $65 billion to $72 billion. The outlook came in well above Wall Street expectations and pointed to continued demand for AI servers. Quarterly earnings also beat forecasts, while margins improved sharply. That leaves…
Nintendo Switch 2 Heads to Indonesia in December as Nintendo (7974.T) Makes Official Market Entry
Nintendo Switch 2 will officially launch in Indonesia this December, the company confirmed on August 11. The announcement, made in Jakarta by Nintendo executive Juro Takeuchi, marks the first time Nintendo has sold hardware there directly. Both the Nintendo Switch and Switch 2 will hit shelves through a new local partner. The move ends years…
Bata India Shares Rally 9% to ₹759.75 as Q1 Profit Jumps 23% to ₹64 Crore
Bata India shares rallied nearly 9% on Wednesday, touching an intraday high of ₹759.75 on the NSE. The move came after the footwear maker posted a strong set of numbers for the June 2026 quarter. Consolidated net profit rose 23% year-on-year to ₹63.98 crore, up from ₹51.7 crore in Q1 FY26. The rally pushed the…
Oracle Layoffs Could Intensify After 21,000 Jobs Were Cut Amid AI Expansion
Oracle layoffs are expected to intensify again before September 1, 2026, according to a Business Insider report from earlier this week. That follows a brutal fiscal 2026 in which Oracle already eliminated 21,000 jobs, roughly 13% of its total workforce, according to its June 22 regulatory filing. Oracle stock closed at $145.48 on August 11,…
ATO Alleges Adgemis Companies Claimed $1B in Fake Expenses, Pocketed $78M in GST Refunds
ATO alleges Adgemis-linked JAGA Group Constructions claimed $1.05 billion in fake expenses and received $78 million in GST refunds. His CFO has accused him of knowingly using dodgy tax claims.
Samsung (005930.KS), SK Hynix Shares Surge Over 8% on Report Temasek Plans Investment in Korean Chipmakers
Samsung Electronics and SK Hynix shares jumped more than 8% each on Wednesday, August 12, 2026, after local media reported that Singapore’s Temasek Holdings plans direct investments in both memory chipmakers. The report sent South Korea’s benchmark KOSPI index up as much as 5.1%, touching an intraday high of 6,590 points. Samsung trades under ticker…