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Mornly

Wednesday, August 12, 2026

Top news

  • Former US Marine Robert Gilman, detained in Russia for four years, was freed and is landing at Andrews Air Force Base near Washington, DC on Tuesday night.
  • Ukraine has targeted Russian oil facilities with long-range drones almost daily in recent months, causing fuel shortages in Russia and unsettling the Russian public.
  • A total solar eclipse is occurring on Wednesday, August 12, with specific viewing times varying by location.

World

  • U.S. Senate passed sanctions on Russia's energy, financial institutions and officials, with tariffs up to 100% on Russian oil and gas buyers.
  • Pakistan, Saudi Arabia and Turkey signed the Mecca Joint Defence Agreement, declaring an attack on one will constitute an attack on all three.
  • Syria confirmed cooperation with the International Atomic Energy Agency to remove nuclear materials from a hidden facility.

Business

  • Intel announced a $15 billion common stock offering to fund general corporate purposes including capital expenditures and working capital.
  • MarineMax agreed to be acquired by Blackstone Infrastructure's Safe Harbor Marinas for $53 per share, valuing the deal at $1.5 billion, with closing expected by year-end 2026.
  • Teledyne Technologies agreed to acquire imaging component maker Varex Imaging for $18.90 per share in cash, with the deal expected to close in early 2027.

Technology

  • Meta released a 30-billion-parameter AI agent that runs on a single GPU.
  • Intel raised $15 billion to compete in the AI infrastructure boom.
  • TSMC's July sales jumped 45 percent as demand for advanced AI chips continues climbing.

Science

  • Researchers are traveling to Spain and Iceland to observe a solar eclipse on August 12 to study the solar corona.
  • NASA engineers have extended the operational life of Voyager 2 through a operation nicknamed "Big Bang" that shut down non-essential systems.
  • A new cosmic "bounce" model suggests some black holes in the universe may be older than the Big Bang itself.

Economy

  • U.S. employers unexpectedly shed 23,000 jobs in July, marking the first monthly loss in recent history.
  • July's Consumer Price Index report, released this morning, is forecast to show inflation eased slightly to an annual pace of 3.4%.
  • Sudden weakness in hiring has dramatically altered the Federal Reserve's outlook, complicating efforts to fight inflation through higher rates when job market support may be needed instead.

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