Oil prices ease as recovering Hormuz Strait traffic tempers war premium
Commonwealth Bank of Australia said in a note on Friday that stronger oil flows through the Strait of Hormuz had eased market concerns after U.S.-Iran strikes earlier this week.
BOJ holds rates at 1%, warns of core inflation exceeding 2% target
The decision comes as speculation continues to swirl around whether the Bank of Japan will hike rates at a faster pace.
Amazon hikes 2026 capex to $220 billion due to higher memory costs
AWS sales expanded 37% year over year, which trounced analysts' expectations for 31% growth.
CXMT's blockbuster debut in Shanghai sets stage for next test against global memory giants
The company faces a challenge as it does not have access to the latest extreme ultraviolet, or EUV, lithography machines, essential for manufacturing advanced chips.
AI investor Leopold Aschenbrenner forced to unwind all public stock positions after steep losses, sources say
Leopold Aschenbrenner's hedge fund has sold all of its public stock holdings, according to people familiar with the matter.
China’s U.S.-bound shipments fall in July after brief recovery, survey shows
The latest China Beige Book study found factory activity decelerated in July.
SK Hynix shares surge 25%, while Samsung soars over 20% as AI rally roars back
South Korea's chip heavyweights SK Hynix and Samsung Electronics soared more than 20% on Friday, tracking a sharp rally in U.S. technology stocks.
Tim Cook sees Apple's hybrid AI strategy as a 'competitive weapon'
Ahead of the launch of Siri AI, Apple's outgoing CEO Tim Cook said the company will charge for artificial intelligence through iCloud.
Trump promised a 'golden age' for agriculture. Farmers in Iowa say they're still waiting
President Donald Trump has promised a "golden age" for agriculture, but farmers in Iowa and elsewhere are struggling with tariffs and the Iran war.
Fast-fashion retailer Shein’s 3-year IPO odyssey cost it the ‘golden time’ to go public
Investors are questioning whether Beijing's blessing can carry a $40-billion-plus valuation for a clothing retailer whose growth engine is stalling.
South Korea's 'bipolar' stock market: meltdowns, a record rally and what's to come
South Korea's stock market staged its sharpest reversal on record on Friday, capping a month of wild swings.
Reddit shares sink 11% on 'choppy' search referrals even as results blow past estimates
Reddit reported second-quarter earnings that beat on the top and the bottom, and gave a revenue forecast that topped estimates.
Amazon soars after CEO Andy Jassy makes the case for its massive AI investment
Amazon jumped about 10% to $258 in after-hours trading, putting shares at their highest level since early June.
China's factory activity unexpectedly contracts in July on demand slump, typhoons
China's factory activity unexpectedly contracted in July, as the export rush that powered a second-quarter rebound began to unwind.
Meta sinks 8%, continuing record losing streak, while Microsoft jumps 15% as AI trade splits
Microsoft posted strong Azure and Copilot growth, while Meta missed revenue guidance forecasts as free cash flow plunged leading to diverging stock moves.
Anthropic says its Claude models 'gained unauthorized access' to other organizations' systems
Anthropic said it discovered three instances where its Claude AI models accessed the internet during an evaluation and accessed outside systems.
Inside India newsletter: Meta's clout in the world's largest democracy is surging — inviting scrutiny
Meta Platforms has strengthened its influence on India as Gen Z protesters widely relied on Instagram to raise their concerns against the Modi government.
Nexus Data Centers in advanced talks to secure $15B for Google-backed Anthropic data center
Morgan Stanley is the lead banker engaging in advanced talks to lend $15 billion to Nexus Data Centers, CNBC confirmed.
Rivian reduces 2026 spending plans, narrows earnings guidance
Rivian reduced its 2026 spending plans and slightly narrowed its previously forecast losses this year as the company reported second-quarter results.
Jersey Mike's stock falls 6% in public market debut after pricing shares at $23
Jersey Mike's priced its initial public offering at $23 per share.
Jim Cramer says this hedge fund's blowup reveals the hidden risks of leverage
CNBC's Jim Cramer said the forced unwind of Situational Awareness shows how borrowing money can quickly magnify losses and trigger forced selling.
Indonesian state telecom said to weigh sale of venture arm managing $830 million
Indonesia's state-owned telecom giant is exploring a sale of MDI Ventures, according to people familiar with the matter.
China’s open-weight model lead exposes America’s AI blind spot
The future of AI may be dictated not by who builds the smartest model, but who builds the models everyone runs on. Right now, that's China.
Coinbase shares fall after crypto exchange posts disappointing second-quarter results
Coinbase's Thursday report marked its third straight quarter missing Wall Street's forecasts for revenue and earnings.