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Market Midday: Stocks Higher, Lakers Sell for Record $12B, Gas Prices Up • 8/12/26
CNBC Television· 2026-08-12 17:14
Market Trends and Stock Performance - Major stock market averages traded in positive territory, with the Dow Jones Industrial Average rising by 30 points and the S&P 500 index increasing by 17 points [1] - Technology sector showed strong performance, led by Nvidia shares rising by 2.8% and chipmaker shares trading mostly green [1] - Financial and energy institutions including JP Morgan, Bank of America, Marathon Petroleum, Phillips 66, and Valero reached fresh all-time highs [2] - US crude oil remained above $83 per barrel following vessel attacks in the Red Sea and the Gulf of Oman, while the national average for regular gasoline reached $4.3% [2] M&A and Corporate Valuations - The Los Angeles Lakers sports franchise achieved a new record high price, being acquired for $12 billion by investors Josh Kushner and Bob Iger [2][3] - The franchise changed hands within the span of about a year at a 20% increase compared to Mark Walter's previous purchase price of $10 billion [4] Macroeconomic and Inflation Data - The Consumer Price Index (CPI) for July increased by 0.1% on a month-over-month basis, while the headline year-over-year inflation rose to 3.4% [5] - Gasoline prices experienced a month-on-month decline of 2.9% [5], whereas airline fares increased by 2.2%, food at home by 0.1%, food away from home by 0.3%, and owner's equivalent rent by 0.3% [6] - Core Personal Consumption Expenditures (PCE) data was projected at an annual rate of 3.3%, indicating ongoing challenges for the Federal Reserve to reach its 2% inflation target [7][8] Technology and Product Releases - Google launched the Pixel 11 and Pixel 11 Pro Fold, integrating Gemini intelligence to connect cross-app information and operate as an autonomous agent [9] - Apple prepared to introduce its rebuilt Siri powered by Google's Gemini models shortly after Google's product rollout [10]
Google Unveils a New Lineup of Pixel Phones
Bloomberg Television· 2026-08-12 16:52
These are Google's new Pixel phones, the Pixel 11, 11 Pro, 11 Pro XL, and 11 Pro Fold. It's easy to be kind of underwhelmed at first because this is the third year in a row of a very familiar design at a time when Apple's last Pro iPhones just got a big overhaul. And the latest folding Pixel feels a bit like yesterday's news compared to the fresh new Passport style that Samsung just introduced.But if you look deeper, there's actually a lot to like except for the prices, which have gone up across the board. ...
Google Unveils a New Lineup of Pixel Phones
Bloomberg Technology· 2026-08-12 16:51
These are Google's new Pixel phones, the Pixel 11, 11 Pro, 11 Pro XL, and 11 Pro Fold. It's easy to be kind of underwhelmed at first because this is the third year in a row of a very familiar design at a time when Apple's last Pro iPhones just got a big overhaul. And the latest folding Pixel feels a bit like yesterday's news compared to the fresh new Passport style that Samsung just introduced.But if you look deeper, there's actually a lot to like except for the prices, which have gone up across the board. ...
Google’s Pixel 11 puts Gemini Intelligence at the center of the smartphone
CNBC Television· 2026-08-12 16:48
Welcome back. Google launching a new Pixel lineup today. Mackenzie Seagalos has the details.Mackenzie, what do we expect. >> Hey, good morning, Sarah. So, Google is launching the Pixel 11 and a new Pixel 11 Pro Fold this morning, built around its biggest push yet to make Gemini the way that you operate your phone.Now, Gemini intelligence can understand what you're doing, connect information across apps, and then take actions for you. ly moving closer to this autonomous agent sitting on top of the operating ...
Get your first look at the #Pixel11 family.
Google· 2026-08-12 14:08
Meet the all-new Pixel 11 lineup. Designed for Gemini intelligence. Built with a 40% thinner camera bar, the Pixel 11 comes in vibrant new colors.Never worry about missing a shot. Capture every detail with 30 times Super Zoom. Level up to the Pixel 11 Pro or Pro XL.Featuring our brightest Super Actua display yet and High Light: gentle LED glow notifications so you stay present while your phone is face down. Push your shots further with up to 120 times Pro Zoom. Driven by Gemini intelligence, you also get fe ...
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TechCrunch· 2026-08-12 14:01
The Pixel 11 Pro Fold will cost $1,899https://t.co/1GRGvONoGo ...
Google Pixel 11 Pro Fold hands-on
The Verge· 2026-08-12 14:00
Hardware Design and Specifications - The Pixel 11 Pro Fold is nearly **1 millimeter** thinner compared to the previous generation model [1] - The device features a new green color option with a matte texture finish, while the sides are designed with a glossy finish [2] - The display achieves a peak brightness of **3600 nits**, representing the brightest screen ever integrated into a Pixel Fold [3] Durability and Pricing - The manufacturer claims the device offers up to **3 times** greater durability, though long-term performance requires further evaluation [2] - The starting retail price for the Pixel 11 Pro Fold is established at **$1899** [4] Software and Camera Features - The device incorporates new software capabilities, including the creator suite, magic capture, enhanced night sight speed, and camera looks [3][4] - The system includes a new highlight feature that illuminates during Gemini interactions and calls from designated favorite contacts [4]