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SEOUL, Jan 27 (Reuters) - South Korean display panel maker LG Display (034220.KS) on Friday posted a record operating loss in the December quarter, as global demand for smartphones, computers and televisions remains depressed amid an uncertain economic outlook. It missed an average forecast of a 797 billion won loss from 10 analysts polled by Refinitiv SmartEstimate, which is weighted toward analysts that are more consistently accurate. Revenue fell 17% to 7.3 trillion won, LG Display said. In order to weather the downturn, LG Display said last month it is stopping production of liquid-crystal display (LCD) TV panels in South Korea. LG Display said it plans to boost its made-to-order business to increase stability in the face of uncertain market conditions, from 30% of sales currently to 50% of sales by 2024.

U.S. District Judge Rodney Gilstrap said halting the lawsuit until the Patent Trial and Appeal Board reviews the patents would unnecessarily delay the court case and prejudice Caltech. Representatives for Samsung and Caltech did not immediately respond to a request for comment. The school's 2021 lawsuit alleges Samsung's Galaxy phones, tablets, watches and Wi-Fi-enabled Samsung products like televisions and refrigerators infringe its data-transmission patents. The Texas case is scheduled to go to trial in September. The case is California Institute of Technology v. Samsung Electronics Co, U.S. District Court for the Eastern District of Texas, No.

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☆ Smartphones, used cars and bacon: 10 things with the biggest price drops in 2022, despite inflation
▼ + stars: | 2023-01-18 | by ( Greg Iacurci | ) www.cnbc.com time to read: +3 min

The largest declines, on a percentage basis, were concentrated in categories like consumer electronics, beef, and cars and trucks, according to the consumer price index. watch nowUsed cars and trucks, rental vehiclesA used car dealership in New York on Jan. 19, 2022. Pablo Monsalve | View Press | Corbis News | Getty ImagesPrices for used cars and trucks were among the first to spike as inflation took hold in early 2021. The category inflated by 37.3% that year — the most of any item outside of energy commodities like gasoline and fuel oil, according to the consumer price index. "Rental car companies were buying — and now completely stopped buying — used vehicles," said Mark Zandi, chief economist at Moody's Analytics.

☆ Twitter is auctioning off espresso machines and kegerators from its San Francisco headquarters
▼ + stars: | 2023-01-17 | by ( Jonathan Vanian | ) www.cnbc.com time to read: +1 min

Elon Musk Twitter page seen on mobile with his poll to step down as head of TwitterTwitter is auctioning off espresso machines, kegerators, computers, and even oversized neon displays with the company's logo as the social messaging service reportedly has fallen behind on office rent payments. Among the numerous kitchen supplies that Twitter is selling includes a rotisserie cooker, multiple refrigerators and pizza ovens. The company is even selling a neon electrical sign that prominently displays the company's corporate bird logo. As of Monday afternoon, someone has placed a bid of $17,500 for the neon sign. In December, The New York Times reported that Twitter had stopped paying for rent in all of the company's office space.

☆ Making Art for the Age of Screens
▼ + stars: | 2023-01-13 | by ( Susan Delson | ) www.wsj.com time to read: +1 min

In 1987, artist Gretchen Bender created the installation “Total Recall,” a wall of televisions and projection screens emitting a barrage of nonstop flashing images and sound. The shift to screen life has been decades in the making, and generations of tech-savvy artists have been charting those changes. The new exhibition “I’ll Be Your Mirror: Art and the Digital Screen,” opening Feb. 12 at the Modern Art Museum of Fort Worth (MAM), features more than 70 works by 50 artists, for whom the screen is both indispensable tool and irresistible subject. These works include paintings, sculpture, videogames, augmented reality projects and more the 1960s to the present. The show is structured around themes such as connectivity, surveillance and the posthuman body, in which art and screen “intersect most dynamically,” says the show’s organizer, MAM curator Alison Hearst.

☆ The biggest announcements from CES 2023
▼ + stars: | 2023-01-09 | by ( Harry Rabinowitz | Harry Rabinowitz Is A Reporter For Select On Nbc News. | ) www.nbcnews.com time to read: +7 min

Every year, the biggest brands in tech make their way to Las Vegas for the Consumer Electronics Show, or CES. TelevisionRoku, one of the top streaming platforms for smart TVs, announced that it is releasing its own Roku-branded televisions. Now, Roku will be launching its own brand, with Roku Select and Roku Plus TVs, alongside a Roku TV Wireless Soundbar. TCL, a top smart TV brand, is rebranding and overhauling its TV lineup. Now, all of its smart TVs will fall into two groups: the higher-end Q-Series and the budget-friendly S-Series.

☆ Roku CEO explains why the company is launching its own line of TVs
▼ + stars: | 2023-01-05 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +2 min

Roku is counting on its growing consumer base beyond 70 million customers as it launches its own line of televisions, CEO Anthony Wood told CNBC on Thursday. The streaming company unveiled its new line of televisions, Roku Select and Roku Plus Series, Wednesday during the Consumer Electronics Show. "Roku streaming hours were 87 billion hours of streaming last year" said Wood. All TV is going to be streamed, that means all TV advertising is going to be streamed." Shares of Roku are up more than 4% in the early going of 2023, closing at $42.76 on Thursday.

☆ Tech’s biggest show is set to kick off in Las Vegas. Here’s what to expect
▼ + stars: | 2023-01-04 | by ( Samantha Murphy Kelly | ) edition.cnn.com time to read: +5 min

The Consumer Electronics Show, now in its 56th year, kicks off this week in Las Vegas with a familiar mix of cutting edge technology and oddball gadgets. And this year’s event, in particular, could show how companies are thinking about products as pandemic concerns recede for some consumers but recession concerns remain. This year, featured speakers will include executives from traditional tech companies such as Samsung, Sony and Amazon, as well as other brands like John Deere, Delta and BMW. Still, the topic of virtual reality products will remain a focus for some companies. HTC is expected to launch the Vive Focus 3 this week at the show, with an emphasis on the metaverse.

☆ Baking Supplies Cost a Lot More This Year. So Did Flying. But That Flat-Screen TV Got Cheaper.
▼ + stars: | 2022-12-26 | by ( Gwynn Guilford | Anthony Debarros | ) www.wsj.com time to read: 1 min

Prices for eggs and margarine shot up nearly 50% in November from a year earlier. Baking a cake was a more expensive proposition in 2022. The price of eggs, margarine and flour rose well more than overall costs in the past 12 months—a year when inflation reached the highest level since 1981. Also recording price gains: airfares, gasoline and haircuts. Meanwhile, televisions and tickets to the game were among the few items that got less expensive from late 2021.

☆ Analysis: India's post-COVID spending boom drives two-speed economy
▼ + stars: | 2022-12-21 | by ( Ira Dugal | ) www.reuters.com time to read: +5 min

The world's fifth-largest economy is expected grow 6% in the fiscal year ending March 31, 2024, according to a survey by the Indian central bank this month. Importantly, conditions are better than not just the crippling slump during India's devastating COVID surge last year but also the anemic growth of the debt-saddled last decade. "If India does everything right, we could see significant foreign inflows in the next one to two years," said Sridhar Sivaram, investment director at Enam Holdings, a privately managed investment group. India's weight in the MSCI emerging market index has already risen from 8% in 2019 to 16% as of October 2022, said Sivaram. There is also hope that global corporations will diversify supply chains away from China, which would benefit India.

Review: Is the Chase Ink Business Cash credit card right for you? Before you decide on the Ink Business Cash® Credit Card, you may want to consider the Ink Business Unlimited® Credit Card as well — especially if you don't want to keep track of bonus categories. Chase Ink Cash frequently asked questions (FAQ)Is the Chase Ink Business Cash card worth it? Which is better, the Chase Ink Cash or Chase Ink Business Unlimited? Both the Ink Business Cash® credit card and Ink Business Unlimited® Credit Card come with the same high welcome bonus, travel insurance, and purchase protections.

☆ Costco CEO's cautious consumer outlook justifies our near-term view on the stock
▼ + stars: | 2022-12-19 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +7 min

Craig Jelinek, chief executive officer of Club holding Costco (COST), said Monday he sees a more-vigilant consumer this holiday shopping season and potentially beyond. Consumer behavior Jelinek highlighted a number of stronger areas for Costco, including its Kirkland-branded products across a number of categories. "Our food [and] sundry business, our fresh business, our travel business, continues to be strong," Jelinek added. Looking ahead to next year, Jelinek said Costco is taking stock of the economic uncertainty and factoring that into its merchandising plans. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ The Fed just made its last rate hike of the year. Here's what it means and what happens next.
▼ + stars: | 2022-12-15 | by ( Phil Rosen | ) www.businessinsider.com time to read: +6 min

Fed Chair Powell took an aggressive stance at the podium Wednesday, effectively saying the central bank isn't done hiking rates. The Fed signaled it won't be taking its foot off the gas anytime soon with policy, but markets of late have been acting like a so-called Fed pivot is all but guaranteed. "Powell's very hawkish comments didn't get a very hawkish reaction from the market," Wright maintained. But the more the market ignores the Fed, the longer the Fed will have to keep monetary policy restrictive, which ultimately raises the odds of a recession. "We're likely to see head-fakes like this where the market looks for a Fed pivot," one strategist said.

“I haven’t seen sunlight in what seems like a long time,” Li told CNN, a week after the protests broke out. In recent years, Beijing has extended its crackdown on dissent to the foreign platform, detaining and jailing Chinese Twitter users who criticized the government. TwitterLi received thousands of submissions a day – and up to dozens per second at the height of the protests. Journalists, observers and activists monitored his feed closely, and some of his posts were aired on televisions across the world. And then they went to our house at midnight to harass my parents,” Li said.

☆ Mukesh Ambani will take credit where it’s due
▼ + stars: | 2022-12-06 | by ( Shritama Bose | ) www.reuters.com time to read: +5 min

Boss Mukesh Ambani might do precisely that to fund a push by his $220 billion Reliance Industries (RELI.NS) conglomerate into consumer lending. The company is spinning off and listing its little-noticed non-bank financial company. More than rivals, Ambani is sitting on a treasure trove of data to assess the credit worthiness of borrowers. As a home-grown tycoon, Ambani has a better chance of success than other late entrants to financial services. On Oct. 21, Reliance revealed plans to spin off Reliance Strategic and rename it Jio Financial Services.

☆ What next for US soccer after an inspiring World Cup?
▼ + stars: | 2022-12-05 | by ( Stephen Collinson | ) edition.cnn.com time to read: +4 min

But the talented, telegenic and multiracial Americans left fans with soaring hopes before the US, Canada and Mexico host the 2026 World Cup. Often, the World Cup and Olympic gold medal-winning US women’s soccer team gets more attention than their male counterparts — although their pay is only just beginning to catch up. The idea of an unexploited market of soon-to-be-soccer fans has long beckoned to FIFA’s marketing teams, especially during the 1994 stateside World Cup, but has never been fully realized. US soccer fans are also increasingly sophisticated, glued to NBC’s Premier League coverage reportedly worth more than $2 billion. The beautiful game’s place in the country’s sports scene could be cemented if the US makes noise in the next World Cup.

☆ From turkeys to booze, prices for these 25 popular holiday expenses increased the most since last year
▼ + stars: | 2022-12-02 | by ( Mike Winters | ) www.cnbc.com time to read: +2 min

As the holiday season gets into full swing, expect some sticker shock. The cost of most holiday staples, such as turkey and booze, has increased dramatically in the last year. With year-over-year inflation up 7.7% overall, most items bought over the holidays have increased in price. The study identified 40 commonly purchased holiday items across four categories: gifts, experiences, travel and entertaining. As of October, the average American spends an extra $433 per month on expenses, compared with a year ago, according to an estimate from Moody's Analytics.

In earlier matches they had tied with Croatia and scored a surprise win over Belgium, the second-ranked team in the world. "This team can go all the way in this World Cup!" In Qatar, where the home team along with Saudi Arabia and Tunisia have already been knocked out, Morocco now carries the mantle for an Arab world that has cheered victories by Arab teams against some of the tournament favourites. FIFA and Qatar's World Cup organisers, the Supreme Committee for Delivery and Legacy, did not immediately respond to a Reuters request for comment on the crowding outside the stadium. Morocco's last World Cup appearance, four years ago, ended in the group stage.

☆ Trump Org hopes to win its Manhattan tax-fraud trial with an 'ignorance' defense — a Trump hallmark
▼ + stars: | 2022-11-30 | by ( Laura Italiano | ) www.businessinsider.com time to read: +5 min

Summations are Thursday and Friday in the Manhattan tax-fraud trial of the Trump Organization. Star prosecution witnesses with arguably mixed loyalties, the two told jurors they never let anyone named Trump in on the scheme. Jurors may well wonder how Donald Trump, or Eric Trump, or Donald Trump, Jr., could truly have been ignorant of the scheme when the three of them personally signed off on so many of the perks. "Donald Trump didn't know that Allen Weisselberg was cheating on Allen Weisselberg's taxes," as defense lawyer Susan Necheles told jurors in openings. In this trial, though, the ignorance defense goes into overdrive, and doesn't stop with a supposedly clueless Trump.

☆ 'Selling Sunset' broker Jason Oppenheim says 'Compass basically destroyed the brokerage model for the entire industry'
▼ + stars: | 2022-11-30 | by ( Dan Latu | ) www.businessinsider.com time to read: +5 min

Jason Oppenheim, who runs The Oppenheim Group, said the rival brokerage Compass is "unfixable." Compass told Insider its current cost-cutting plan includes "no change in our split policy." "There's no fixing Compass," Oppenheim, best known from the Netflix reality show "Selling Sunset," told the real-estate news outlet Inman. "There are other brokerages out there offering 90-10 and 85-15 splits because they had to in order to compete with Compass," Oppenheim told Insider. Oppenheim told Insider he's not rooting for the downfall of Compass.

☆ Biden says inflation is slowing in 'good news for the holiday season'
▼ + stars: | 2022-11-29 | by ( Trevor Hunnicutt | ) www.reuters.com time to read: +2 min

BAY CITY, Mich., Nov 29 (Reuters) - U.S. President Joe Biden on Tuesday hailed easing prices for gasoline, clothes and appliances as "good news for the holiday season," but said it would take time for inflation to return to normal levels. That's good news for the holiday season," Biden said, noting that costs for producers were also coming down. "While these prices are lower, they're not low enough," he said, adding, "It's going to take time to get inflation back to normal levels ... we're laser focused on this." Prices could spike again if unions reject a potential contract deal with U.S. railways, the White House has warned, but Biden did not raise the issue during his remarks. read moreReporting by Trevor Hunnicutt; Writing by Andrea Shalal; Editing by Chris ReeseOur Standards: The Thomson Reuters Trust Principles.

☆ Arab fans unite after surprise wins in Qatar
▼ + stars: | 2022-11-29 | by ( Muath Freij | ) www.reuters.com time to read: +3 min

That chance to make history has forged a sense of solidarity among Arab supporters in Doha. "When Saudi Arabia play I am Saudi and when Morocco play, all the Arab people..." said Mansouri "...are Moroccans!" Mansouri said it felt as if Morocco and Saudi Arabia were both playing on home ground in Qatar, something which may have helped them reach new heights. All Arab and Gulf people support any (Arab) team," said Saudi supporter Khaled al-Asaimi, echoing the tone set by the leaders of Qatar and Saudi Arabia at the start of the tournament. Tensions between the two neigbours led Saudi Arabia and its allies to declare a travel and trade embargo on Qatar in 2017, a move only rescinded last year.

☆ American consumers got holiday shopping off to a strong start
▼ + stars: | 2022-11-29 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +2 min

Shoppers returned to physical stores on Black Friday after avoiding much of in-person shopping the last two holidays due to Covid-19 concerns. Cyber Monday is the biggest online shopping day of the year, and this year set a new annual sales record. “It spurred online spending to levels that were higher than expected.”Retailers have dangled promotions to drive consumer demand and unload excess inventory. Consumers making more than $100,000 a year drove spending over the holiday weekend, Shay said on a call with reporters Tuesday. Overall, the National Retail Federation projects holiday sales to increase up to 8% from a year ago.

The estimate from Adobe Analytics predicts an increase of up to 8.5% from a year earlier. Adobe Analytics measures e-commerce performance by analyzing purchases at 85% of the top 100 internet retailers in the United States. Both Adobe and MasterCard Spending Pulse are expected to release their updated Cyber Monday spending estimates on Tuesday. Americans have put off holiday shopping for weeks in the hopes of finding deeper post-Thanksgiving markdowns. Last year, Cyber Monday sales fell 1.4%, according to Adobe Analytics, as retailers kicked off holiday promotions early to avoid product shortages amid a global shipping crisis.

☆ Cyber Monday sales to touch up to $11.6 bln as shoppers go discount hunting
▼ + stars: | 2022-11-28 | by ( Uday Sampath Kumar | ) www.reuters.com time to read: +2 min

Adobe Analytics, which measures e-commerce by analyzing transactions at websites, has access to data covering purchases at 85% of the top 100 internet retailers in the United States. Cyber Monday sales fell 1.4% last year as retailers spread out promotional deals across weeks from as early as October to better manage inventories amid widespread product shortages. Walmart (WMT.N) and Best Buy websites also showed discounts worth hundreds of dollars on high-end laptops and televisions. Shoppers will find record discounts today for computers, peaking at 27% off listed price, while nearly all other categories, including apparel, toys and furniture, also have double-digit discounts, Adobe said. U.S. shoppers spent a record $9.12 billion online on Black Friday, according to Adobe Analytics.

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