U.S. says Strait of Hormuz is 'free and open' as Bessent says deal with Iran is close
U.S. Central Command said the "southern route of the Strait of Hormuz remains free and open"

U.S. Central Command said the "southern route of the Strait of Hormuz remains free and open"
Asian technology stocks rallied on Wednesday after Wall Street's record-setting session fueled optimism around artificial intelligence and growth stocks.
In addressing Wall Street for the first time since SpaceX's IPO, executives tried to make the case that hefty AI investments are paying off within a year.
AMD's data center unit is driving the company's growth, up 107% over last year.
"I continue to believe it is possible we are near a major top, and possible a 1987-type fall," Burry said in a Tuesday Substack post.
Beijing's move to tax offshore trusts, long used by China's ultra-rich to hold money, has set off a rush to lawyers and a scramble for cash.
The Dow had its best day in nearly two months and the S&P 500 rose to new highs.
President Donald Trump and Republican allies are escalating attacks that label Democrats communists after progressive candidates won elections and primaries.
Asian travelers' appetite for Europe remains resilient despite record-breaking heat, with spending in Northern Europe projected to increase.
CNBC's Jim Cramer said the collapse of AI-focused hedge fund Situational Awareness removed a major source of forced selling.
In China's biggest electronics marketplace, Huaqiangbei, technicians don't have the parts to make exact copies of Apple's latest phones.
From a surprise yuan devaluation in 2015 to crackdowns in recent years, many of Beijing's policy moves appear abrupt to outsiders.
Attorney General nominee Todd Blanche needs at least 50 votes on the Senate floor to be confirmed after clearing the Senate Judiciary Committee.
Japan is giving up revenue now in the hope that stronger consumption and a 370 trillion yen public-private investment will deliver faster growth later.
Paramount Skydance reported second-quarter earnings after the bell and said it continues to prepare for its proposed merger with Warner Bros. Discovery.
Not only did results outpace expectations on both the top and bottom lines, but we also got a boost to full-year guidance.
Chipotle has pulled the affected supply from restaurants and replaced them with peppers from different growers, according to the company.
The company didn't provide updated guidance. New CEO Silvio Napoli earlier this year suspended production expectations.
Pinterest reported better-than-expected earnings and revenue for the second quarter, though its forecast was online in line with estimates.
Treasury Secretary Scott Bessent said a deal to reopen the Strait of Hormuz would allow freedom of navigation.
The filing came after Amazon climbed to an all-time high on Monday, extending gains sparked by last week's quarterly results.
SpaceX reports its first earnings results since its June IPO Tuesday after the bell.
P&G CEO Shailesh Jejurikar said the acquisition is a play to grow the company's health business on CNBC's "Squawk on the Street."
The complaint alleges Amazon's third-party delivery model leads to lower wages, unfair working conditions and a lack of competition.