Biden Takes Aim at China's Steel Industry: Proposes 25% Tariff for Unfair SubsidiesPresident Joe Biden sharply criticized the substantial subsidies received by Chinese steel companies as “cheating” on the 17th (local time). President Biden made these remarks during a speech in front of workers from the United Steelworkers (USW) union in Pittsburgh, Pennsylvania, a critical battleground state in the presidential election. At this event, he said, “China’s […]
American Beauty Nightmare: FDA Warns of Fake BotoxCounterfeit Botox of AbbVie is being distributed across multiple states in the U.S. The U.S. Food and Drug Administration (FDA) warned healthcare professionals and consumers on the 16th (local time) that harmful fake AbbVie Botox has been provided to consumers for cosmetic purposes in several states. The Centers for Disease Control and Prevention (CDC) and […]
Gold Prices on a Roller Coaster Ride in the Midst of Middle East StrifeDespite Iran’s unprecedented attack on Israel last weekend, gold prices dipped below last week’s peak. As the Middle East conflict entered a dangerous new phase, gold prices rose by 1.2% on the 15th (local time) but lost most gains. Gold prices broke through $2400 per ounce on Friday but ended the trading day in a […]
From K-Pop to Pop Icon: BTS's Jimin's Rise in the USBTS’s Jimin proved his popularity with a surprise mention on NBC’s The Tonight Show Starring Jimmy Fallon, hosted by the famous MC Jimmy Fallon. Recently, Jimmy Fallon appeared on the game show Password with his teammate Tiffany, a Californian and fan of BTS. The duo gained attention for their enthusiastic support of Jimin. Tiffany revealed […]
Tesla's Shocking Move: 10% of Employees FiredElectrek, a technical publication, reported on the 15th (local time) that Tesla is laying off more than 10% of its employees, citing an internal memo. According to insiders, Tesla has instructed managers to identify key team members while suspending some stock compensation and canceling some employees’ annual evaluations. It has also reduced production at the […]
Tesla Lowers FSD Subscription Price in North AmericaTesla has halved the subscription fee for its Full Self-Driving (FSD) system in North America. Tesla announced on the 13th (local time) that it has reduced the subscription price for its fully autonomous driving system in the United States and Canada. This move is interpreted as stimulating sales amidst weak demand and price competition. According […]
Russia Urges Caution as Iran-Israel Conflict EscalatesRussia is worried about the ongoing tension in the Middle East. On the 13th (local time), Russia expressed extreme concern about Israel’s airstrikes on Iran and urged all parties involved to exercise restraint. In its statement on Iran’s attack on Israel, the Ministry of Foreign Affairs of the Russian Federation said, “We express extreme concern […]
Delta Air Lines Surpasses Expectations, Eyes Record Revenue in Q2Delta Air Lines surpassed market expectations with its Q1 results and is anticipated to record its all-time high revenue in Q2. Delta Air Lines’ revenue for Q1 this year was $13.7 billion, marking a 7.8% year-over-year increase, and its operating profit successfully turned to a surplus of $610 million. Non-GAAP earnings per share outperformed market […]
Apple Store Workers Unionize in New Jersey, Following in the Footsteps of Oklahoma and MarylandORIGINAL LINK: https://alphabiz.co.kr/news/view/1065585880777685 A union is forming at Apple’s New Jersey store. According to a member of the organizing committee on the 10th (local time), employees at the Apple store in Short Hills, New Jersey, have submitted a union representative application. The store manager of the Short Hills location, who is also a member of […]
Amazon's E-commerce Dominance Continues, Overshadowing WalmartAmazon.com, Inc. (AMZN) is expected to continue improving its profitability after all of its business units recorded strong results last quarter and announced plans for layoffs. Amazon’s earnings per share (EPS) for the fourth quarter of 2023 exceeded market expectations by 24.2%. The cloud division met market expectations, while the e-commerce division exceeded them. Amazon’s […]
Safety First: Lufthansa Temporarily Stops Flights to TehranGermany’s Lufthansa has suspended its flights to Iran. On the 10th (local time), Lufthansa announced that it had halted flights to Tehran in anticipation of possible Iranian retaliation against Israel. Countries surrounding the Middle East and the United States have been on high alert for possible Iranian attacks since allegations arose on April 1 that […]
Fear of Iran's Response to Israel Sends Oil Prices SkyrocketingWest Texas Intermediate (WTI) crude oil prices have surged once again. On the 10th (local time), the news that the United States and its allies are reporting an imminent primary missile or drone attack by Iran on Israeli military and government targets quickly reversed a previous drop in oil prices, leading to a sharp increase. […]
Uber Enhances Safety Features for Passengers Globally, Including Women Passengers Riding at NightUber is stepping up its safety features, which have been raised repeatedly. On the 10th (local time), Uber they were announced that it is enhancing safety features for passengers worldwide, including minimizing the risk for female passengers using the service at night and ensuring their security. The features will allow passengers to choose up to […]
Meta's Artemis: Revolutionizing AI and Energy EfficiencyMeta unveiled a new AI chip. Meta revealed the details of its next-generation in-house AI accelerator chip on the 10th (local time). Internally referred to as Artemis, the new chip is expected to help Meta reduce its reliance on Nvidia’s AI chips and cut overall energy costs. Meta stated in a social media post, “The […]
Pay Gap between CEO and Employees Widens at ChevronThe wage gap between Chevron’s CEO and its employees has widened. According to a securities report released on the 10th (local time), Chevron’s CEO, Michael Wirth, was paid $26.5 million in 2023. This represents a 12.2% increase from the previous year, exceeding the average pay increase of the employees. Additionally, the second-highest-paid executive, Mark Nelson, […]
Middle East Tensions Ease, Oil Prices FallThe price of oil, nearing $90, has started to decline. Oil prices fell from a five-month high on the 8th (local time) after Israel announced it would withdraw some of its troops from Gaza, helping to cool some of the geopolitical gains from last week. Brent crude futures plummeted by 2.6% before recovering some losses, […]
Italy to Invest $1.1 Billion in AI Over the Next Five YearsItaly is moving towards becoming an economic powerhouse through investments in AI and cybersecurity. On the 8th (local time), Italy’s state-run lending institution announced that the venture capital division of the Italian Cassa Depositors’ Association (Cassa Depositi e Prestiti, CDP) would invest 1 billion euros ($1.1 billion) in AI and cybersecurity over the next five […]
U.S. Lawmakers Strike Deal on Data Privacy BillThe draft of an online privacy protection bill has finally been submitted to the U.S. Congress. Two major U.S. lawmakers announced on the 7th (local time) that they had agreed on a bipartisan draft data privacy bill that would limit the consumer data tech companies can collect, prevent them from selling it to Americans, and […]
Wingtip Collision at Heathrow: Virgin Atlantic Jet and Parked Plane InvolvedA plane collision occurred at Heathrow Airport, the busiest in the UK. British Airways reported on the 6th (local time) that the wingtip of an empty Virgin Atlantic jet collided with a stationary passenger plane at London’s Heathrow Airport. Heathrow Airport has stated that no passenger injuries have been reported and does not anticipate the […]
Paramount Global Considers Potential Acquisition of Skydance for $5 BillionA major media corporation is seemingly considering the acquisition of an independent studio. The Wall Street Journal reported on the 6th that Paramount is poised to acquire Skydance for approximately $5 billion. Reuters reported that Paramount’s board members have opted for exclusive merger negotiations with the independent studio Skydance Media rather than a $26 billion […]
Biden Takes Aim at China's Steel Industry: Proposes 25% Tariff for Unfair Subsidies President Joe Biden sharply criticized the substantial subsidies received by Chinese steel companies as “cheating” on the 17th (local time). President Biden made these remarks during a speech in front of workers from the United Steelworkers (USW) union in Pittsburgh, Pennsylvania, a critical battleground state in the presidential election. At this event, he said, “China’s […]
American Beauty Nightmare: FDA Warns of Fake Botox Counterfeit Botox of AbbVie is being distributed across multiple states in the U.S. The U.S. Food and Drug Administration (FDA) warned healthcare professionals and consumers on the 16th (local time) that harmful fake AbbVie Botox has been provided to consumers for cosmetic purposes in several states. The Centers for Disease Control and Prevention (CDC) and […]
Gold Prices on a Roller Coaster Ride in the Midst of Middle East Strife Despite Iran’s unprecedented attack on Israel last weekend, gold prices dipped below last week’s peak. As the Middle East conflict entered a dangerous new phase, gold prices rose by 1.2% on the 15th (local time) but lost most gains. Gold prices broke through $2400 per ounce on Friday but ended the trading day in a […]
From K-Pop to Pop Icon: BTS's Jimin's Rise in the US BTS’s Jimin proved his popularity with a surprise mention on NBC’s The Tonight Show Starring Jimmy Fallon, hosted by the famous MC Jimmy Fallon. Recently, Jimmy Fallon appeared on the game show Password with his teammate Tiffany, a Californian and fan of BTS. The duo gained attention for their enthusiastic support of Jimin. Tiffany revealed […]
Tesla's Shocking Move: 10% of Employees Fired Electrek, a technical publication, reported on the 15th (local time) that Tesla is laying off more than 10% of its employees, citing an internal memo. According to insiders, Tesla has instructed managers to identify key team members while suspending some stock compensation and canceling some employees’ annual evaluations. It has also reduced production at the […]
Tesla Lowers FSD Subscription Price in North America Tesla has halved the subscription fee for its Full Self-Driving (FSD) system in North America. Tesla announced on the 13th (local time) that it has reduced the subscription price for its fully autonomous driving system in the United States and Canada. This move is interpreted as stimulating sales amidst weak demand and price competition. According […]
Russia Urges Caution as Iran-Israel Conflict Escalates Russia is worried about the ongoing tension in the Middle East. On the 13th (local time), Russia expressed extreme concern about Israel’s airstrikes on Iran and urged all parties involved to exercise restraint. In its statement on Iran’s attack on Israel, the Ministry of Foreign Affairs of the Russian Federation said, “We express extreme concern […]
Delta Air Lines Surpasses Expectations, Eyes Record Revenue in Q2 Delta Air Lines surpassed market expectations with its Q1 results and is anticipated to record its all-time high revenue in Q2. Delta Air Lines’ revenue for Q1 this year was $13.7 billion, marking a 7.8% year-over-year increase, and its operating profit successfully turned to a surplus of $610 million. Non-GAAP earnings per share outperformed market […]
Apple Store Workers Unionize in New Jersey, Following in the Footsteps of Oklahoma and Maryland ORIGINAL LINK: https://alphabiz.co.kr/news/view/1065585880777685 A union is forming at Apple’s New Jersey store. According to a member of the organizing committee on the 10th (local time), employees at the Apple store in Short Hills, New Jersey, have submitted a union representative application. The store manager of the Short Hills location, who is also a member of […]
Amazon's E-commerce Dominance Continues, Overshadowing Walmart Amazon.com, Inc. (AMZN) is expected to continue improving its profitability after all of its business units recorded strong results last quarter and announced plans for layoffs. Amazon’s earnings per share (EPS) for the fourth quarter of 2023 exceeded market expectations by 24.2%. The cloud division met market expectations, while the e-commerce division exceeded them. Amazon’s […]
Safety First: Lufthansa Temporarily Stops Flights to Tehran Germany’s Lufthansa has suspended its flights to Iran. On the 10th (local time), Lufthansa announced that it had halted flights to Tehran in anticipation of possible Iranian retaliation against Israel. Countries surrounding the Middle East and the United States have been on high alert for possible Iranian attacks since allegations arose on April 1 that […]
Fear of Iran's Response to Israel Sends Oil Prices Skyrocketing West Texas Intermediate (WTI) crude oil prices have surged once again. On the 10th (local time), the news that the United States and its allies are reporting an imminent primary missile or drone attack by Iran on Israeli military and government targets quickly reversed a previous drop in oil prices, leading to a sharp increase. […]
Uber Enhances Safety Features for Passengers Globally, Including Women Passengers Riding at Night Uber is stepping up its safety features, which have been raised repeatedly. On the 10th (local time), Uber they were announced that it is enhancing safety features for passengers worldwide, including minimizing the risk for female passengers using the service at night and ensuring their security. The features will allow passengers to choose up to […]
Meta's Artemis: Revolutionizing AI and Energy Efficiency Meta unveiled a new AI chip. Meta revealed the details of its next-generation in-house AI accelerator chip on the 10th (local time). Internally referred to as Artemis, the new chip is expected to help Meta reduce its reliance on Nvidia’s AI chips and cut overall energy costs. Meta stated in a social media post, “The […]
Pay Gap between CEO and Employees Widens at Chevron The wage gap between Chevron’s CEO and its employees has widened. According to a securities report released on the 10th (local time), Chevron’s CEO, Michael Wirth, was paid $26.5 million in 2023. This represents a 12.2% increase from the previous year, exceeding the average pay increase of the employees. Additionally, the second-highest-paid executive, Mark Nelson, […]
Middle East Tensions Ease, Oil Prices Fall The price of oil, nearing $90, has started to decline. Oil prices fell from a five-month high on the 8th (local time) after Israel announced it would withdraw some of its troops from Gaza, helping to cool some of the geopolitical gains from last week. Brent crude futures plummeted by 2.6% before recovering some losses, […]
Italy to Invest $1.1 Billion in AI Over the Next Five Years Italy is moving towards becoming an economic powerhouse through investments in AI and cybersecurity. On the 8th (local time), Italy’s state-run lending institution announced that the venture capital division of the Italian Cassa Depositors’ Association (Cassa Depositi e Prestiti, CDP) would invest 1 billion euros ($1.1 billion) in AI and cybersecurity over the next five […]
U.S. Lawmakers Strike Deal on Data Privacy Bill The draft of an online privacy protection bill has finally been submitted to the U.S. Congress. Two major U.S. lawmakers announced on the 7th (local time) that they had agreed on a bipartisan draft data privacy bill that would limit the consumer data tech companies can collect, prevent them from selling it to Americans, and […]
Wingtip Collision at Heathrow: Virgin Atlantic Jet and Parked Plane Involved A plane collision occurred at Heathrow Airport, the busiest in the UK. British Airways reported on the 6th (local time) that the wingtip of an empty Virgin Atlantic jet collided with a stationary passenger plane at London’s Heathrow Airport. Heathrow Airport has stated that no passenger injuries have been reported and does not anticipate the […]
Paramount Global Considers Potential Acquisition of Skydance for $5 Billion A major media corporation is seemingly considering the acquisition of an independent studio. The Wall Street Journal reported on the 6th that Paramount is poised to acquire Skydance for approximately $5 billion. Reuters reported that Paramount’s board members have opted for exclusive merger negotiations with the independent studio Skydance Media rather than a $26 billion […]
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