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Business News News 8 August 2025 - 13 August 2025

Record Stock Rally and a $34 Billion Tech Shock: Inside the Biggest Business News of August 12-13, 2025

Record Stock Rally and a $34 Billion Tech Shock: Inside the Biggest Business News of August 12-13, 2025

From Wall Street hitting new highs to an AI upstart targeting a piece of Google’s empire, the past two days brought a flurry of major developments across global business. Below is a structured roundup of the top news from August 12 and 13, 2025, spanning finance, technology, energy, retail, automotive, and healthcare. Finance & Markets Technology Energy & Commodities Retail & Consumer Automotive & Transportation Healthcare & Pharmaceuticals Sources: Reuters business news and market reports from August 12-13, 2025 reuters.com reuters.com reuters.com reuters.com reuters.com reuters.com reuters.com, and others as cited above.
13 August 2025
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Global Markets Surge, Tech Tariffs Twist & Oil Slumps – Business Roundup (Aug 10-11, 2025)

Global Markets Surge, Tech Tariffs Twist & Oil Slumps – Business Roundup (Aug 10-11, 2025)

Europe’s STOXX 600 rose 0.3%, the MSCI World index traded within 0.2% of its all-time high, and Wall Street’s S&P 500 and Nasdaq hovered near records. Bank of America’s fund-manager survey shows 45% of managers are long Nvidia and Microsoft, making the Magnificent 7 the world’s most crowded trade again. Only 5% of investors now expect a hard-landing recession, while a net 14% are overweight equities—the highest since February. Corporate bond spreads have narrowed to near 27-year lows as investors price in a rosier outlook, with Fidelity International’s Mike Riddell saying some managers are hedging by staying very defensive in
11 August 2025
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Record Closing Highs, GPT-5 Unleashed, and a $500 Billion Surprise – Business News Roundup (Aug 9–10, 2025)

Record Closing Highs, GPT-5 Unleashed, and a $500 Billion Surprise – Business News Roundup (Aug 9–10, 2025)

The Nasdaq Composite notched its 18th record closing high of 2025. OpenAI released GPT-5 on August 7, billed as the “smartest, fastest, most useful” model, now available to 700 million ChatGPT users, with a target of a $500 billion valuation in secondary-share sales. Federal Reserve Vice Chair Michelle Bowman signaled three rate cuts likely by year-end, with easing possibly starting in September. The White House issued an executive order to expand 401(k) access to alternative assets like crypto and private equity, amid concerns about liquidity and higher fees on an estimated $10 trillion in 401(k) assets. Nexstar Media Group was
10 August 2025
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Space IPOs, Mega-Hacks, and Tariff Twists: Non‑AI Tech News Roundup (Aug 8–9, 2025)

Space IPOs, Mega-Hacks, and Tariff Twists: Non‑AI Tech News Roundup (Aug 8–9, 2025)

Sony raised its annual profit forecast 4% to ¥1.33 trillion ($9 billion) on tariff relief and strong PlayStation demand, with tariff impact now expected at ¥70 billion, down from ¥100 billion. Sony’s PlayStation division sold 2.5 million PS5 consoles in Q1, up 4%, helping gaming profits double on software and network services. SMIC reported Q2 revenue of $2.2 billion, up 16% year over year, with net profit down 19.5% as factories ran at 92.5% utilization. President Trump demanded Intel CEO Lip-Bu Tan resign over China ties, sending Intel stock down about 3% as the company secured $8 billion in federal
9 August 2025
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Global Business Pulse: Markets Juggle Tariffs, Rate Cuts & Mega-Deals (Aug 7–8, 2025)

Global Business Pulse: Markets Juggle Tariffs, Rate Cuts & Mega-Deals (Aug 7–8, 2025)

On Aug 7, 2025, Dow Jones fell 0.5%, the S&P 500 fell 0.1%, the Nasdaq rose 0.3% to a record high, as Eli Lilly dropped 14% on weak weight-loss drug data. On Aug 7, 2025, the United States imposed about 100% tariffs on imported chips and electronics, with carve-outs for companies that manufacture in the U.S., and Apple jumped about 3% as a result. Brent crude fell below $66 and WTI traded near $63 on Aug 7–8 as tariff fears weighed demand and OPEC+ moved to unwind its output cuts by September. The Bank of England cut interest rates by
8 August 2025
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AI Stocks Frenzy: Record Highs, GPT‑5 Launch, Soaring Tech Giants and SoftBank’s Big AI Payday (Aug 7–8, 2025)

AI Stocks Frenzy: Record Highs, GPT‑5 Launch, Soaring Tech Giants and SoftBank’s Big AI Payday (Aug 7–8, 2025)

By Aug. 7, 2025, the Nasdaq Composite reached a record peak driven by chipmakers and AI stocks. OpenAI launched GPT-5 in August 2025 amid a push for ROI in AI. AMD fell about 5% and SMCI dropped over 18% on Aug. 6–7 after data-center results disappointed, while AMD’s Q2 data-center revenue rose 14% to $3.2 billion, lagging Nvidia’s 73% surge in the same segment. Palantir (PLTR) surged nearly 9% in a day after Aug. 5, as it raised its full-year revenue forecast for the second time in 2025, with Q2 revenue of $1 billion and government sales up 53%. Meta
8 August 2025
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Stock Market Today

Seagate (STX) stock jumps nearly 6% as Citi hikes target — what to watch next week

Seagate (STX) stock jumps nearly 6% as Citi hikes target — what to watch next week

7 February 2026
Seagate shares rose 5.9% to $429.32 Friday after Citigroup raised its price target to $480 and reiterated a buy rating. The gain ended a two-day slide but left the stock 6.6% below its Feb. 3 high. CEO Dave Mosley sold 20,000 shares on Feb. 2 under a pre-arranged plan, SEC filings show. U.S. jobs and inflation data next week are seen as key tests for tech stocks.
Cummins (CMI) stock price rebounds after earnings whipsaw as investors eye data-center power demand

Cummins (CMI) stock price rebounds after earnings whipsaw as investors eye data-center power demand

7 February 2026
Cummins shares jumped 6.8% to $577.73 Friday, recovering from a nearly 9% post-earnings drop the day before. The company reported Q4 revenue up 1% to $8.54 billion, took a $218 million charge tied to its hydrogen business, and guided for 2026 EBITDA of 17–18% of sales. Demand for data center generators offset weakness in North American truck markets. Analyst reaction was mixed; Truist raised its price target.
Corning stock hits first record close since 2000 as jobs, CPI data loom

Corning stock hits first record close since 2000 as jobs, CPI data loom

7 February 2026
Corning shares surged 8.3% to $122.16 Friday, their highest close since the dot-com era, after Meta agreed to buy up to $6 billion in fiber-optic cables. The stock is up 40% since late 2025, fueled by strong first-quarter guidance and AI data-center demand. Insiders sold shares following the rally, SEC filings show. Investors await next week’s U.S. jobs and inflation data for rate signals.
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