Public Markets 3 Hours

Last updated: August 11, 2026, 5:37 PM ET

Equities

US stocks slid on Tuesday as rising oil prices and deadlocked negotiations over the Strait of Hormuz weighed on sentiment ahead of key inflation data. Cava posted a 9% jump in same-store sales, driving second-quarter profit to $23 million and sending shares higher. Super Micro Computer saw quarterly profit surge to $1.17 billion from $195.2 million a year earlier, with sales nearly doubling. Omers returned 4.8% in the first half, gaining C$6.9 billion ($5 billion) from a strong US dollar and rising stock markets.

Technology & AI

Nvidia’s commitments to backstop the AI boom — including a reported $250 billion to help kickstart a massive data center for OpenAI in Ohio — have soothed jittery credit markets, though a separate analysis highlights two big AI buildout problems of scarcity and profit margin. CoreWeave reported a record revenue high of $2.6 billion and a $104 billion sales backlog, underscoring robust cloud computing demand despite infrastructure and AI-bubble fears.

Corporate & Legal

General Motors created a $4.5 billion safety net to insulate itself from parts shortages, responding to persistent supply chain disruptions that have plagued the auto industry. A former hedge fund CFO in Miami Beach pleaded guilty to embezzling more than $3 million through phony invoices and corporate credit cards over four years. In the entertainment sector, BTS’s management filed lawsuits against bootleggers, sparking anger among fans who viewed the crackdown as hindering fan spirit.

Currencies & Commodities

The yen intervention effect wore off as the currency weakened again, with analysts pointing to a separate analysis on why the yen matters for US intervention dynamics in foreign bond markets. In energy, natural gas futures gave back some of the previous day’s gains, with soft LNG demand and comfortable storage levels capping rallies despite high power-sector demand from hot weather.

Policy & Politics

Ocasio-Cortez opened up about freezing her eggs, sparking a national conversation on fertility treatment and empowerment, though critics say the talk can be misleading. After more than a decade, the fight over Elizabeth Street Garden in Manhattan nears an end as affordable housing plans are abandoned. Swing-state Senate candidate Abdul El-Sayed can win Michigan by consistently affirming that Jews have a right to a Jewish homeland. A WSJ opinion argues that American automakers are not competing in a free market but against the Chinese government, warning not to hand the auto future to Beijing. Finally, the Trump administration killed the annual Arctic Report Card after 20 years, a move that eliminates chronicling of the region’s rapid warming.