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Reuters Morning Bid

Banking on CoreWeave

August 12th, 2026 | 09:47 AM Reuters Morning Bid 1

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By Reuters

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Investors push CoreWeave shares higher after the AI cloud company reported strong results and highlighted more than $100 billion in backlogged orders. Meanwhile, markets are bracing for a closely-watched U.S. inflation report that could shape the Federal Reserve's next move. And oil prices continue to climb as Red Sea attacks persist and progress in U.S.-Iran talks remains elusive.

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