CNBC Daily Open: Traders on edge despite reserve hopes
Oil closed more than 11% lower, signaling that traders are betting the war won’t last long and the Strait of Hormuz will be reopened.
AI chipmaker Cerebras namedropped by Oracle, alongside Nvidia and AMD
A Cerebras deal from one of the world’s top cloud providers could be a big boon for a company that’s trying to hit the public market.
Asia-Pacific markets mostly higher as investors weigh developments in the Middle East
Asia-Pacific markets traded mostly higher on Wednesday as investors assessed the ongoing Middle East war.
Meta gets into social networks for AI agents with acquisition of viral Moltbook platform
Moltbook was built for OpenClaw agents, and OpenClaw’s founder, Peter Steinberger, was hired by OpenAI.
Russia told Trump it has not shared intelligence with Iran during war, Witkoff says
U.S. officials have said Russia has given Iran information that could help its forces strike U.S. military assets in the Middle East, MS Now has reported.
IEA countries to meet later Tuesday on release of oil reserves, but no decision made yet
The IEA’s members are advanced economies in North America, Europe and Northeast Asia. They collectively hold about 1.2 billion barrels of oil in reserve.
India’s restaurants are under threat from the LPG supply crunch caused by the Iran war
Restaurants in India are facing closure as the government restricts the supply of LPG as cooking fuel, industry representatives tell CNBC.
Swedish legaltech Legora hits $5 billion valuation as investors pile money into European AI startups
The announcement comes on the back of a bumper start to the week for European AI companies.
Traders fear missing out on latest ‘Trump TACO rally’
One thing was made clear by Monday’s big comeback: Traders don’t think this volatility will persist.
