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Latest financial news from across the markets

Daily Market Overview

Oil prices have eased as increased traffic in the Hormuz Strait has tempered the war premium amid ongoing tensions in the region. In tech, Amazon shares surged following strong earnings and a robust case for AI investments, while Apple saw a drop after concerns over a memory crunch. Meanwhile, shares of SK Hynix and Samsung soared as the AI rally gained momentum. On the economic front, U.S. Treasury yields fell, reflecting investor sentiment as they await fresh economic data.

Latest Market Updates

Iran targets U.S. assets in Kuwait after Egypt suffers first drone attack

Iran targets U.S. assets in Kuwait after Egypt suffers first drone attack

less than a minute ago

Korea's 'bipolar' stock market went from meltdown to record rally. What’s next?

Korea's 'bipolar' stock market went from meltdown to record rally. What’s next?

less than a minute ago

China's factory activity unexpectedly contracts in July on demand slump, typhoons

China's factory activity unexpectedly contracts in July on demand slump, typhoons

less than a minute ago

CNBC Daily Open: Potential Iran tariffs, data centers and tech comments

CNBC Daily Open: Potential Iran tariffs, data centers and tech comments

less than a minute ago

We're raising our Apple price target, seeing plenty of good despite memory crunch

We're raising our Apple price target, seeing plenty of good despite memory crunch

less than a minute ago

Tim Cook sees Apple's hybrid AI strategy as a 'competitive weapon'

Tim Cook sees Apple's hybrid AI strategy as a 'competitive weapon'

less than a minute ago

AWS’ outperformance gives Wall Street analysts confidence in Amazon’s AI strategy

AWS’ outperformance gives Wall Street analysts confidence in Amazon’s AI strategy

9 minutes ago