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US Sector Momentum Update: Communication Services Leads as Materials Lags on 13 August 2026

The latest US sector performance data for 13 August 2026 shows a notably stronger and more broadly positive session than the previous trading day. Communication Services (XLC) led the market with a 2.07% gain, followed by Real Estate (XLRE) at 1.42%, while Consumer Staples …

Robert Luong | 13 August 2026

US Sector Momentum Update: Technology Leads While Consumer Discretionary Improves on 13 August 2026

The latest Relative Performance Visualization for 13 August 2026 shows a market characterised by concentratedLeadershipand significant differences between short-term performance and relative momentum. Technology (XLK) remains in the Leading quadrant, while Consumer Discretionary (XLY) is positioned in Improving. Several sectors that recorded positive daily …

Robert Luong | 13 August 2026

Trump Pursues New Legal Paths After Three Supreme Court Losses

President Trump suffered three significant Supreme Court losses this term, on tariffs, the Federal Reserve, and birthright citizenship, but has said none of the rulings will stand in the way of his broader agenda. The administration maintains it will fully comply with the court's …

Nitish Kishor | 13 August 2026

Ukraine Strikes Russian Black Sea Grain Terminals, Raising Global Food Supply Fears

Ukraine launched a large-scale drone and missile attack on the Russian Black Sea port city of Novorossiysk, damaging grain export terminals and striking several Russian naval vessels, according to regional officials and Ukraine's government. Regional governor Veniamin Kondratyev said three people were killed, including …

Nitish Kishor | 13 August 2026

US Wage Growth Trails Inflation at 3.2%, Squeezing Household Spending Power

Average hourly earnings rose at an annual pace of 3.2% in July, below the current inflation rate of 3.4%, according to the latest jobs report. The gap means many US households are effectively losing ground as their paychecksFailto keep pace with rising prices, adding …

Nitish Kishor | 13 August 2026

Shock Wisconsin Primary Result Raises New Doubts Over Midterm Polling Accuracy

A candidate trailing by 22 points in pre-election polling won Wisconsin's Democratic gubernatorial primary by 0.5%, an outcome that has renewed scrutiny of polling methods less than three months before November's midterms. The result follows a comparable polling miss in Michigan's primary the previous …

Nitish Kishor | 13 August 2026

Yen Erases Half Its Gains From Historic US-Japan Intervention as Carry Trade Resumes

The Japanese yen has erased about half its gains from a historic US-Japan currency intervention less than two weeks ago, trading at over 159 per dollar after strengthening to 155 in the days immediately following the action. The currency had weakened past 163 before …

Nitish Kishor | 13 August 2026

AI's Biggest Climate Impact May Come From Boosting Oil Production, Study Finds

A new study published in theJournalNature concludes that artificial intelligence's most significant energy impact may not come from the electricity consumed by data centers, but from how the technology improves the economics of oil-and-gas production. The researchers modeled the effects of AI-driven productivity gains …

Nitish Kishor | 13 August 2026

China's COMAC C919 Completes First International Flight, Challenging Boeing and Airbus

China's homegrown C919 passenger jet completed its first scheduled international commercial flight, operating a new Air China route between Beijing and Ulaanbaatar, Mongolia. The flight marks the first time the narrow-body aircraft has flown beyond Chinese territory, with the route set to operate daily …

Nitish Kishor | 13 August 2026

Databricks Closes $5B Round at $190B Valuation as Revenue Tops $7B Run-Rate

Databricks closed a $5 billion strategic funding round at a $190 billion valuation, a steep increase from the $134 billion valuation it carried after its December 2024 round. The company said it has crossed a $7 billion revenue run-rate in the second quarter of …

Nitish Kishor | 13 August 2026
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