Business

The Trump administration on Monday asked the Supreme Court to take its appeal in a case where it has unsuccessfully sought to block California from counting the mail-in ballots of about 20,000 voters whom the Department of Justice suggests may not be U.S. citizens. The DOJ’s petition to the Supreme Court came three days after…

South Korean President Lee Jae Myung unveiled the country’s largest ever budget on Monday, pledging to “boldly invest in AI and future growth engines.” Speaking to the National Assembly on Monday, Lee said total spending for 2027 would rise 12.8% to 820.9 trillion won ($610.14 billion), including 21.3 trillion won for semiconductors, physical AI and…

If there was one safe bet over the course of 2026, it was that treasury yields would rise alongside a move up in oil futures contracts. Over the past month, that ended, and according to Jeffrey Rosenberg, senior portfolio manager of the Systematic Alternatives ETF (IALT) at BlackRock, the world’s largest asset manager, the breakdown…

The dollar steadied on Wednesday after the United States launched strikes against Iran, while investors awaited key U.S. inflation data. Skaman306 | Moment | Getty Images Some companies are beginning to report financial benefits from artificial intelligence investments, as interest in the technology shifts from hype to measurable returns in the latest quarter. Corporate AI…

SpaceX’s AI division, SpaceXAI, lost its bid to dismiss an NAACP lawsuit, which is proceeding in federal court in Mississippi, according to a judge’s opinion released late Friday. The lawsuit claims that the AI division of CEO Elon Musk’s aerospace and defense tech conglomerate violated the Clean Air Act with its use of gas-fired combustion turbines to…

Visual China Group | Getty Images Binance said Saturday that it has covered up to 90% of the roughly $6.3 billion in token assets stolen from its hot wallets in a record crypto theft announced Thursday. Binance said it will continue to buy the remaining relevant token assets through market and over-the-counter channels until the…

When Shelley Copsey was appointed by the Ontario Teachers’ Pension Plan, one of the world’s biggest infrastructure investors, her job was to find ways to use technology to solve problems across its portfolio.  She quickly learned that there were persistent problems facing front-line workers. Four years later, Copsey is CEO of FYLD, a London-headquartered software…

Investors looking to diversify beyond the struggling artificial intelligence trade should consider consumer staples stocks, CNBC’s Jim Cramer said Friday. The Nasdaq-100, which tracks the biggest tech stocks, ended October down almost 7%. Investors rotated into other more defensive areas of the market. The S&P 500 Equal Weight gained roughly 5% for the month. (The…

Binance was hacked with an estimated impact of $6.3 billion, raising questions about the recovery of stolen funds and the broader fallout for crypto markets. Around $3 billion in cryptocurrency assets have been frozen so far, according to a Binance security update. The exchange pledged to cover all losses, while blockchain investigators linked the attack…

“This medicine could be one of our largest medicines in history,” Novartis CEO Vas Narasimhan told CNBC on Tuesday, as the Swiss drugmaker backed remibrutinib, its experimental MS medicine, to generate more than $4 billion in peak annual sales. Days before, Barclays cut its forecast for the drug’s peak sales after detailed results from two…