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SingPost Names Group Finance Chief After Whistleblower Report

(Bloomberg) -- Singapore Post Ltd. named a group chief financial officer and said the search for a chief executive continues after it fired a number of senior executives over allegations of misconduct.Most Read from BloombergMigrant Crisis Pushed US Homelessness to Record High in 2024Isaac Mah, currently the CFO of the company’s Australia business, Freight Management Holdings Pty, will return home to take up the group CFO post, the Temasek Holdings Pte-backed firm said in a filing on Sunday. It

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Oil inches lower in thin trade, investors eye China, US data

Oil prices slipped lower on Monday in thin holiday trade ahead of the year-end as traders awaited more economic data from China and the U.S. later this week to assess growth in the world's two largest oil consumers. Brent crude futures fell 6 cents to $74.11 a barrel by 0111 GMT while the more active March contract was at $73.73 a barrel, down 6 cents. Oil prices were also supported by optimism for Chinese economic growth next year that could lift demand from the top crude oil importing nation.

China’s Top Stock of 2024 Eyes Boost From AI Self-Reliance

(Bloomberg) -- China’s top-performing stock of 2024 is expected to see additional tailwinds into next year from the nation’s drive for greater self-sufficiency in artificial intelligence.Most Read from BloombergMigrant Crisis Pushed US Homelessness to Record High in 2024Shares of AI chip designer Cambricon Technologies Corp. have climbed 383% this year, topping the benchmark CSI 300 Index and driving its market value to $37 billion. The Shanghai-listed stock has even outpaced global AI chip lead

Nvidia Supplier Ibiden Weighs Faster Expansion to Meet AI Demand

(Bloomberg) -- Ibiden Co., the dominant supplier of chip package substrates used in Nvidia Corp.’s cutting-edge semiconductors, may need to dial up the pace of production capacity increases to keep up with demand, according to its chief executive officer.Most Read from BloombergMigrant Crisis Pushed US Homelessness to Record High in 2024Sales of the 112-year-old company’s AI-use substrates are robust with customers buying up all that Ibiden has, CEO Koji Kawashima said, adding that that demand i

Drama-Prone Fintechs Face Mixed Regulatory Environment in 2025

(Bloomberg) -- Upstart financial firms that provide services like early paycheck access or buy-now, pay-later plans have attracted rising interest from customers and investors alike. Fintechs raised nearly $24 billion globally in the first three quarters of 2024, according to data from CB Insights, and represent a growing competitive threat to traditional banks and asset managers. Most Read from BloombergMigrant Crisis Pushed US Homelessness to Record High in 2024“We just have to be better, not

The year Washington tried to humble Big Tech

The US government long had the nation’s biggest tech giants in its sights, and in 2024 it hit bullseye. But Wall Street doesn't appear rattled — yet.

From Microsoft to Nvidia, the AI agents are coming in 2025

Big Tech will lean heavily into AI agents in 2025. And if the technology works as promised, it could make some tedious tasks a lot easier.

Nvidia dominated 2024 big-time. Next year? Plenty of challenges.

Nvidia dominated 2024, and 2025 is looking just as good. But there's turbulence on the horizon.

Tesla 2024: 3 things that defined its big year

Tesla’s 2024 went out with a bang, thanks to CEO Elon Musk and one of his biggest gambles yet.

How innovation died at Intel: America's only leading-edge chip manufacturer faces an uncertain future and lawsuits

Amid struggles to turn itself around, exclusive interviews with Intel executives and industry analysts reveal missed opportunities, poor decision making, and an unexpected AI boom that led to the chipmaker's demise.

Apple finally added ChatGPT to the iPhone. There's no guarantee it’ll boost sales.

Apple's latest Apple Intelligence updates include ChatGPT integration and the company's visual intelligence. Here's what it's like to use them.

Why Robinhood is a better stock than Coinbase despite a 180% surge this year: Analyst

In the Coinbase vs. Robinhood debate, Dan Dolev said it's Robinhood all the way. Here's why.

Robinhood's surge towards profitability brings it back to the top of the financial world

Robinhood has landed Yahoo Finance's Comeback of the Year award. Co-founder Vlad Tenev shares how the company elevated its financial performance while planning for the future.

Salesforce CEO Marc Benioff on a $1 trillion opportunity and optimism for Trump 2.0

Salesforce is wasting no time going all in on digital agents as tech leaders warm up to incoming President Donald Trump.

Nvidia is on a collision course with a $5 trillion valuation: Analyst

If Nvidia were an all-night party, this would be 10 p.m., argues Wedbush analyst Dan Ives.

Atos Says Ransomware Group Claims It Compromised a Database

(Bloomberg) -- Atos SE said a ransomware group called Space Bears claimed on Saturday to have compromised an Atos database.Most Read from BloombergMigrant Crisis Pushed US Homelessness to Record High in 2024The French technology company, whose activities include cybersecurity as well as cloud and high-performance computing, said there’s no evidence so far that its systems were affected, and no ransom demand has been received.Atos said its cybersecurity team is actively investigating.The announce

Solana Pioneer Sued by Ex-Wife for Millions in Crypto Returns

(Bloomberg) -- A co-founder of Solana, one of the biggest blockchain platforms in the world, is locked in a legal battle with his former wife over the gains from a cache of lucrative SOL tokens.Most Read from BloombergMigrant Crisis Pushed US Homelessness to Record High in 2024Stephen Akridge was accused by his ex-wife, Elisa Rossi, in a lawsuit of stealing “millions of dollars” in income yielded from her digital wallet holdings of Solana, the sixth-largest cryptocurrency by market value. Akridg

Bitcoin Rally Fizzles as Token’s Record-Breaking Year Winds Down

(Bloomberg) -- A Bitcoin rally is fizzling in the final days of a record-breaking year for the digital asset, as investors assess the remaining impetus from President-elect Donald Trump’s embrace of the cryptocurrency sector.Most Read from BloombergMigrant Crisis Pushed US Homelessness to Record High in 2024The largest token changed hands at $94,673 as of 11:38 a.m. Friday in New York, partly paring a retreat of almost 3% from a day earlier. Smaller rivals including Ether and Dogecoin, a favorit

FDA approves injectable version of Bristol Myers Squibb's cancer drug Opdivo

(Reuters) -The U.S. Food and Drug Administration said on Friday that it has approved an injectable version of Bristol Myers Squibb's blockbuster cancer drug, Opdivo. Opdivo is part of a class of drugs called PD-1 inhibitors, which enhance the immune system's ability to fight cancer by removing its natural brakes. Like other PD-1 drugs such as Merck's Keytruda, it was previously available through infusions and patients received it via an intravenous drip in a health office.

US crude, product inventories likely fell last week: Reuters poll

U.S. crude oil and fuel stockpiles are expected to have fallen last week, an extended Reuters poll showed on Tuesday. Five analysts polled by Reuters estimated on average that crude inventories fell by about 1.9 million barrels in the week to Dec. 20. Crude inventories fell by 934,000 barrels to 421 million barrels in the week ended Dec. 13, the EIA said, compared with analysts' expectations in a Reuters poll for a 1.6-million-barrel draw.

Tokenization Has Become Wall Street’s Latest Favorite Crypto Buzzword

(Bloomberg) -- Bitcoin’s record-breaking rally is rekindling hope that the digital-ledger technology that underpins cryptocurrencies will revolutionize everything from recording the ownership of houses to bonds.Most Read from BloombergMigrant Crisis Pushed US Homelessness to Record High in 2024Tokenization, or the process of creating digital representations of real-world assets on a blockchain, has become one of this year’s buzzwords in both conventional and crypto finance circles. The excitemen