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US inflation hits 3.8% as prices rise beyond energy, impacting housing, food, and services.

Market News
12 May 2026
CNBC
View Source
Bearish
pluang ai news

US inflation accelerated to 3.8% annually in April, the fastest pace in nearly three years, driven by rising costs in housing, food, and services beyond just energy prices. Shelter costs rose 0.6% in April, with lodging and insurance also increasing significantly. Food prices surged, notably ground beef, tomatoes, and coffee, while services like video rentals and delivery also saw notable price hikes. Some relief came from stable used car prices and cheaper smartphones. This broad inflation pressure affects consumer budgets widely, despite energy costs being a key factor linked to the Middle East conflict.

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Japanese firms use NVIDIA Nemotron to build AI tailored for local industries and workforce needs.

Japanese firms use NVIDIA Nemotron to build AI tailored for local industries and workforce needs.

Leading Japanese companies, startups, and research institutions are developing specialized AI models using NVIDIA Nemotron open models to address Japan's unique language, industrial, and workforce challenges. These AI applications range from enterpri...

Market News
Bullish
3 hours ago
ARCpoint delays annual financial filings due to funding issues, expects to file by Sept 29, 2026.

ARCpoint delays annual financial filings due to funding issues, expects to file by Sept 29, 2026.

ARCpoint Inc. announced it will likely miss the July 29, 2026 deadline to file its annual financial statements and related reports due to a lack of funds to pay auditors. The company has applied for a Management Cease Trade Order (MCTO) and awaits ap...

Market News
Bearish
4 hours ago
Western Star grants 2M stock options at $0.30, boosting incentives for growth in tungsten mining.

Western Star grants 2M stock options at $0.30, boosting incentives for growth in tungsten mining.

Western Star Resources has granted 2 million incentive stock options to its directors, officers, employees, and consultants. These options are exercisable until July 15, 2029, at a price of $0.30 per share. This move aligns with the company's goal to...

Company Fundamentals
Bullish
4 hours ago
Ecopetrol to release Q2 2026 financial results on August 3 with a follow-up virtual conference.

Ecopetrol to release Q2 2026 financial results on August 3 with a follow-up virtual conference.

Ecopetrol, Colombia's largest energy company, will announce its financial and operating results for the second quarter of 2026 on August 3 after market close. A virtual conference will follow on August 4, featuring simultaneous Spanish and English br...

Company Fundamentals
Neutral
4 hours ago
Bitcoin whales aren't selling due to quantum computing fears, but some institutional buyers are cautious.

Bitcoin whales aren't selling due to quantum computing fears, but some institutional buyers are cautious.

Galaxy Digital reports that large Bitcoin holders (whales) have not sold their holdings over fears of quantum computing risks. Instead, concerns about quantum threats seem to influence institutional investors who are hesitant to buy Bitcoin. Recent l...

Market News
Neutral
4 hours ago
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