The blockade of the Strait of Hormuz has lowered oil demand. In some nations, there is no option or alternative to cut back on use. The question is, will demand ever bounce back? SponsorFind a Vetted

According to the AP report, global oil consumption in May fell by 5.3 million bpd from a year earlier to an average of 97.9 million barrels per day.

Global oil demand is set to drop for the first time since 2020, according to the International Energy Agency as the war in Iran saw traffic through the Strait of Hormuz plummet.

Global oil consumption is on course to shrink this year for the first time since the COVID-19 pandemic, the International Energy Agency has said, as the war between the US and Iran throttled Gulf exports,

Shares of South Korean memory chipmaker SK Hynix rose 12.8% as they made their debut on Wall Street, at a time when demand for chips is surging thanks to the frenzy around artificial intelligence. The company is already one of the largest in South Korea,

South Korean semiconductor giant SK Hynix begins trading on the Nasdaq, but how big is the appetite for AI chips?

SK Hynix, one of the world’s largest makers of memory chips, is hitting the U.S. stock market at a time when demand for its chips is far outpacing its ability to make them thanks to the frenzy over ar

With a $26.5 billion Nasdaq debut, the South Korean manufacturer caps off a long, strange path from memory-chip also-ran to AI powerhouse

Circle Internet Group Inc. received approval to start a national digital-currency trust bank to support its stablecoin business, widening its remit to include institutional custody services while consolidating oversight under a single federal trust charter.

Circle said on Friday it has received a final regulatory approval from the U.S. Office of ​the Comptroller of the Currency to establish a ‌national trust bank, sending the stablecoin giant's shares surging 10% in premarket trading.

CNBC's Tanaya Macheel joins 'Closing Bell' with news on Circle.

The company said the bank will initially serve Circle and its affiliates before potentially expanding services to financial institutions.

Japan's finance minister ​said on Friday the government aims to steer the country's vast state pension funds to "substantially" lift investments in domestic assets, sparking gains ‌in the yen and bonds as investors bet billions of dollars could be channelled into Japanese markets.

Japan’s long-term bond yields fell and the yen strengthened after Finance Minister Satsuki Katayama said the government wants to encourage pension funds, including the Government Pension Investment Fund,

USD/JPY fell sharply on Friday as the yen strengthened after Finance Minister Satsuki Katayama said the government would encourage domestic pension funds to increase their holdings of Japanese financial assets.

Japan's finance minister said on Friday the government aims to steer the country's vast state pension funds to "substantially" increase