Category: CNBC
CNBC: Premier global source for financial news, international business, and economic updates.
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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.
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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.
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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.
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CXMT’s blockbuster debut in Shanghai sets stage for next test against global memory giants
Skip NavigationMarketsBusinessInvestingTechPolitics & PolicyVideoWatchlistInvesting ClubPROLivestreamMenu CXMT’s stellar IPO debut in Shanghai won’t necessarily change the outlook for the global memory market. CXMT will expand to
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China’s factory activity unexpectedly contracts in July as export rush fades
China’s factory activity unexpectedly contracted in July, as the export rush that powered a second-quarter rebound began to unwind.
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CNBC Daily Open: Potential Iran tariffs, data centers and tech comments
U.S. President Donald Trump wants Congress to add tariffs on Iran to a sanctions bill against Russia and Tehran that has bipartisan support.
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We’re raising our Apple price target, seeing plenty of good despite the memory crunch knocks
It was a good but not great quarter as Apple worked to mitigate the memory shortage, which impacted the reported quarter and guidance.
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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.
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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.
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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.
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