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.

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.
The decision comes as speculation continues to swirl around whether the Bank of Japan will hike rates at a faster pace.
AWS sales expanded 37% year over year, which trounced analysts' expectations for 31% growth.
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.
Leopold Aschenbrenner's hedge fund has sold all of its public stock holdings, according to people familiar with the matter.
The latest China Beige Book study found factory activity decelerated in July.
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.
Ahead of the launch of Siri AI, Apple's outgoing CEO Tim Cook said the company will charge for artificial intelligence through iCloud.
President Donald Trump has promised a "golden age" for agriculture, but farmers in Iowa and elsewhere are struggling with tariffs and the Iran war.
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 stock market staged its sharpest reversal on record on Friday, capping a month of wild swings.
Reddit reported second-quarter earnings that beat on the top and the bottom, and gave a revenue forecast that topped estimates.
Amazon jumped about 10% to $258 in after-hours trading, putting shares at their highest level since early June.
China's factory activity unexpectedly contracted in July, as the export rush that powered a second-quarter rebound began to unwind.
Microsoft posted strong Azure and Copilot growth, while Meta missed revenue guidance forecasts as free cash flow plunged leading to diverging stock moves.
Anthropic said it discovered three instances where its Claude AI models accessed the internet during an evaluation and accessed outside systems.
Meta Platforms has strengthened its influence on India as Gen Z protesters widely relied on Instagram to raise their concerns against the Modi government.
Morgan Stanley is the lead banker engaging in advanced talks to lend $15 billion to Nexus Data Centers, CNBC confirmed.
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 priced its initial public offering at $23 per share.
CNBC's Jim Cramer said the forced unwind of Situational Awareness shows how borrowing money can quickly magnify losses and trigger forced selling.
Indonesia's state-owned telecom giant is exploring a sale of MDI Ventures, according to people familiar with the matter.
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's Thursday report marked its third straight quarter missing Wall Street's forecasts for revenue and earnings.