Business

Samsung Electronics Co., Ltd. engages in the consumer electronics, information technology and mobile communications, and device solutions businesses worldwide. The company offers smartphones, tablets, watches, and accessories; TVs, projectors, and sound devices; home appliances, including refrigerators, washing machines and dryers, vacuum cleaners, cooking appliances, dishwashers, air conditioners, and air purifiers; monitors and memory storage products; … Read more

(Bloomberg) — Oil edged higher to trade near $71, supported by technicals and higher natural gas prices. Most Read from Bloomberg West Texas Intermediate crude crossed its 100-day moving average, a key technical level that spurred more buying. Algorithmic traders on Monday flipped to a net-long position in Brent crude after being short since mid-October, … Read more

Downing Street insisted Sir Keir Starmer was running an “unashamedly” pro-growth government after Elon Musk lashed out at his policies. Tesla boss Mr Musk said “very few companies” would be willing to put money into the UK under “the current administration”. Mr Musk, a close ally of US President-elect Donald Trump, was responding to calls … Read more

(Bloomberg) — A banner year for US stocks is ending badly as a retreat in technology stocks extended a stretch of losses that began when the Federal Reserve cooled expectations for interest-rate cuts two weeks ago. Most Read from Bloomberg The S&P 500 pared declines after falling as much as 1.7% earlier. Apple Inc., Tesla … Read more

StoneX Group Inc. operates as a global financial services network that connects companies, organizations, traders, and investors to market ecosystem worldwide. The company operates through Commercial, Institutional, Retail, and Global Payments segments. The Commercial segment provides risk management and hedging, exchange-traded and OTC products execution and clearing, voice brokerage, market intelligence, physical trading, and commodity … Read more

(Bloomberg) — It’s been almost a year since Archer-Daniels-Midland Co. disclosed a probe into its accounting practices that wiped out $12 billion from one of the world’s largest agricultural commodities traders. Most Read from Bloomberg Now, a shareholder and former executive at a company owned by ADM is calling on Chief Executive Officer Juan Luciano … Read more

CES kicks off January 7. The annual Las Vegas event sets the tone for the year’s consumer electronics and automotive industries. As always, TechCrunch will be there, sniffing stories from the most exciting startups and tech giants. If you really want a piece of the action without paying for the hotel and flight, many of … Read more

The proliferation of data centers aiming to meet the computational needs of AI could be bad news for the U.S. power grid, according to a new report in Bloomberg. Using the 1 million residential sensors tracked by Whisker Labs, along with market intelligence data from DC Byte, Bloomberg found that more than half of the … Read more

Encode, the nonprofit organization that co-sponsored California’s ill-fated SB 1047 AI safety legislation, has requested permission to file an amicus brief in support of Elon Musk’s injunction to halt OpenAI’s transition to a for-profit company. In a proposed brief submitted to the U.S. District Court for the Northern District of California Friday afternoon, counsel for … Read more

(Bloomberg) — First Eagle Investments plans to launch its third municipal-bond fund under John Miller, the head of its high-yield municipal credit team, according to a filing with US securities regulators. Most Read from Bloomberg First Eagle’s Core Plus Municipal Fund will invest mainly in in higher-quality state and local-government debt but will be permitted … Read more