Banking on CoreWeave

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. 📲 Podcasts, breaking news, and video analysis from the source. Download the Reuters app here. Today's recommended read: Three midweek thoughts - 'magnificent' banks, Japan switch, populism by Mike Dolan ⁠⁠⁠ Subscribe to Mike Dolan's Morning Bid⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ newsletter,⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ and check out his columns on⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Reuters Open Interest⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Produced by Eliza Davis Beard and Abisoye Osundairo. Sound engineering and music by Sebastian and Josh Sommer. Visit the Thomson Reuters Privacy Statement for information on our privacy and data protection practices. You may also visit megaphone.fm/adchoices to opt out of targeted advertising. Learn more about your ad choices. Visit megaphone.fm/adchoices