Business · Important news for 13 August 2026
Goldman Sachs study quantifies crowding-out effect of the AI boom
Official Analysis Warns Labour Zero Hours Crackdown Could Cost Businesses £2.9bn
UK economy shows surprising resilience but faces autumn risks
SK Hynix undertakes $720 billion AI-fueled memory factory buildout
Bank of America commits $250 billion to critical infrastructure
South Korea Kospi stages comeback and returns to bull market territory
Spotify to introduce labels for AI-generated artists and exclude them from recommendations
Consumer prices rose 0.1% in July, keeping annual rate at 3.4%
Nvidia taps retirement and insurance capital to fund AI infrastructure
Strait of Hormuz Ship Traffic Plummets Amid Doubts Over US-Iran Deal
Bank of America joins Wall Street push into American economic security infrastructure
Millions in England and Wales face higher water bills for £3.4bn extra spending
Water companies in England and Wales have been cleared to spend an additional £3.4bn, leading to higher bills for millions of households to fund new infrastructure like datacentres and homes.
- Water companies permitted £3.4bn in extra spending
- Funds will support new homes and datacentres
- Comes on top of a £104bn investment program raising bills 36% through the decade
Tesla proposes 10.1 billion dollar solar factory in Texas
South Korea's Kospi enters technical bull market driven by AI trade
Wall Street Futures Rise Ahead of Inflation Report and Fed Focus
UK economic rebound threatened by Iran conflict and energy prices
Iran disputes Trump claims as Strait of Hormuz remains blocked and oil prices rise
US and Japan intervention fails to stop yen from losing ground
AI infrastructure stocks surge following strong earnings reports
Ofwat Permits UK Water Companies to Raise Bills for Investments
U.S. Treasury yields dip as markets await inflation readings
Trump sued over selling early access to Truth Social posts
Gates Foundation Announces $540 Million Gift for Science Research
China's Comac C919 passenger jet prepares for first international flight
Norway oil fund CEO expresses caution despite posting record $150 billion return
Bob Iger and Josh Kushner announce purchase of the LA Lakers
Norway's $2.3 Trillion Sovereign Wealth Fund CEO Warns of Tougher Times Ahead
India drives 11 percent surge in proposed global coal mining projects
AI costs slash Canva growth forecast by a third
Saudi Arabia Ramps Up Oil Exports Through Mediterranean Pipeline
July 2026 Inflation Shows Signs of Easing Despite Elevated Costs
Citadel Securities warns of leverage buildup as market rises
Philippines needs all energy sources for security after crisis, says Prime Infra CEO
Official review finds victims of road crime in England and Wales feel forgotten
Japan wholesale inflation eases slightly to 7.2% in July
Cisco Reports Record AI-Driven Revenue But Stock Pulls Back
Alphabet stock dips amid concerns over Nvidia's AI financing plans
Eli Lilly takes action against counterfeit weight-loss drugs
Global food prices hit three-year high amid heavy oil dependence
Industrywide power constraints force Amazon to spread e-commerce workloads across AWS
TikTok Shop US online sales surpass traditional major retailers
Greenland forces Trump-linked US oil firm to delay Arctic drilling
CIOs and CTOs place limits on AI usage as costs rise
Visa Invests $2.4 Billion in AI-Powered Fraud Prevention
Space Exploration Technologies Leads Fund Performance After Historic IPO
Dow Jones Futures Rise Ahead of CPI Inflation Data as AI Stocks Rally
Goldman Sachs to acquire ETF provider Neos for $2.3 billion
Burnham warns Middle East conflict and Iran war threat could impact UK growth
South Korea shifts from bear to bull market driven by earnings and technicals
Maersk shares jump after smashing profit estimates and hiking outlook
Lenovo reports soaring profits exceeding expectations driven by AI hardware and services
AARP Issues Urgent Call on Medicare Drug Costs
Gold hits two-month high as investors chase rally
Russian drone attacks on civilians surge in Kherson
CoreWeave leases Nvidia A100 GPUs through 2029
Lovable raises $400 million and reaches $13.3 billion valuation
Discord ordered to suspend livestreams in Brazil
Wall Street borrows $500 billion to finance AI infrastructure
Crypto.com rolls out tokenized stock derivatives
New York City investigates prediction markets Kalshi and Polymarket
Blackstone acquires 25% stake in Air Canada loyalty program for $1.8 billion
NYC Council investigates marketing practices of prediction markets
Social Security benefits projected to rise by up to 3.6% in 2027
Accel allocates $800 million to deepen Europe presence
The $30 Trillion Treasury Market Faces Rising Yield Pressures
CoreWeave Surges Following Q2 Revenue Doubling
Eli Lilly Sues Pharmacies and Peptide Vendors Over Retatrutide
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