Alaska Airlines Collaborates with DOJ in Probe of Boeing 737 MAX IncidentAlaska Airlines is cooperating with the U.S. Department of Justice (DOJ) to investigate the Boeing 737 Max explosion incident. Reuters reported on the 10th that Alaska Airlines has been cooperating with the DOJ since a criminal investigation into the Boeing 737 Max airplane explosion incident began. In a statement to Reuters, Alaska Airlines said, “It […]
Egypt's Inflation Rate Reaches 35.7% in FebruaryEgypt’s annual inflation surged in February. According to Capmas statistics on the 10th (local time), Egypt’s annual urban consumer price inflation surged from 29.8% in January to 35.7% in February, fueled by rising food and beverage prices. The central bank stated that core inflation, excluding fuel and some volatile foods, rose from 29% in January […]
Costco's Q2 Sales Slightly Below Expectations, But EPS Exceeds: Hold for NowWith Costco’s (COST) second-quarter earnings per share (EPS) exceeding market expectations, advice suggested that the stock should be held, even amidst valuation concerns. Costco’s sales for the second quarter of the fiscal year 2024 (November 27, 2023 – February 18, 2024, 12 weeks) increased by 5.7% from the previous year to $58.4 billion. The GAAP-based […]
South Korea Ranks 8th in Financial Literacy Among OECD CountriesSouth Koreans ranked eighth in financial literacy among the 39 countries that participated in a survey by the Organisation for Economic Co-operation and Development (OECD). However, their understanding of digital finance was lower than the average of the OECD and 28 other countries, indicating a lack of awareness about financial security. According to the “2023 […]
Target's Q4 Sales Reach $31.9 Billion, Exceeds Market Expectations for EPS by 24.1%Target has met market expectations for the fifth consecutive quarter. Target’s Q4 sales for 2023 (November 2023 – January 2024) increased by 1.7% compared to the previous year, reaching $31.9 billion, and operating profit increased by 60.9% to $1.9 billion. Non-GAAP EPS increased by 57.7% to $2.98, meeting the market expectations of sales and exceeding […]
Campbell Soup Company Beat Quarterly Estimates with Steady Demand for Quick Meals and CookiesCampbell Soup Co. slightly exceeded quarterly estimates due to steady demand. Campbell Soup Co. announced on the 6th that its quarterly sales and profits slightly exceeded market estimates, maintaining its annual forecast. The company’s stock rose 2% in early trading due to high prices and sustained demand for branded instant foods and cookies. The price of […]
Japan's Mitsubishi Corp. Ventures into North American Lithium Mines, Reducing China DependencyAccording to a report by Nikkei Newspaper on the 5th, Japan’s Mitsubishi Corporation is set to develop lithium mines in North America in a joint venture with a Canadian mining company. Mitsubishi Corporation will invest in a joint venture established by Frontier Lithium, a Canadian company that owns the mining rights to North American lithium […]
Turkey's Inflation Hits Record High: Soars Nearly 70%Turkey’s annual inflation seems to have turned to the highest in 15 months, and the central bank is still on alert even after halting the interest rate hike. According to the median estimate of Bloomberg economists on the 4th, Turkey’s inflation rate is expected to reach 66% in February, accelerating for the fourth consecutive month. […]
Gold Prices Hit All-Time High Amid US Rate Cut ExpectationsThe price of gold, domestically and internationally, has hit a record high due to the expectation of a cut in interest rates in the U.S. According to the Korea Exchange (KRX) on the 5th, the spot price per gram of 1 kg gold in the gold market the previous day closed at $66.84, up 2.20%. […]
Huawei Overtakes Apple in China's Smartphone Market Amid Sales SurgeApple’s iPhone sales in China have plummeted, falling behind Huawei. According to Counterpoint, on the 5th, Apple faced intensified competition with Chinese companies such as Huawei in the first six weeks of 2024, resulting in a 24% decrease in iPhone sales in China compared to last year. On the other hand, Huawei, Apple’s main competitor […]
California Approves Google Waymo's Driverless Robotaxi Service in LA and MoreGoogle’s Waymo autonomous robotaxi service is expanding. California regulators approved the expansion of Waymo’s robotaxi convenience service to the cities south of Los Angeles and San Francisco on the 2nd. The California Public Utilities Commission (CPUC) announced, “Starting today, Waymo can operate driverless passenger services in specific areas of Los Angeles and San Francisco.” In […]
Dell Technologies (DELL) Exceed Market Expectations With Increased AI Server SalesDell Technologies, a company that provides IT hardware, software, and service solutions, has exceeded market expectations with its quarterly results. Dell’s revenue for the fourth quarter of the fiscal year 2024 was $22.32 billion, a decrease of 10.9% compared to the previous year, exceeding market expectations. Despite the conservative perspective on investment among corporations, the […]
Snowflake Shocks Market with Next Quarter Guidance, AI Strategy in FocusDespite surpassing expectations with its quarterly results, Snowflake’s (SNOW) stock price plummeted in after-hours trading on the day of the earnings announcement due to its next quarter guidance falling short of the consensus. Snowflake’s revenue for the fourth quarter of fiscal year 2024 was $775 million, a 31.5% increase from the previous year, exceeding the […]
BLACKPINK's Impact: YG Entertainment's Earnings Forecast Dips, Target Price LoweredThe fourth quarter performance of YG Entertainment (122870) has fallen short of market expectations, and future performance is expected to fluctuate depending on the activities of BLACKPINK. Hana Securities revised its operating profit outlook for YG Entertainment, assuming changes in BLACKPINK’s activities, on the 4th to about $37 million in 2024 and about $67 million […]
LG Electronics Faces Class-Action Lawsuit in U.S. Over Refrigerator DefectsLG Electronics has been engulfed in a class-action lawsuit in the US over performance defects in its refrigerator products. This lawsuit was filed by some consumers in the US, claiming that LG Electronics’ refrigerators do not meet their expected lifespan. These consumers are pursuing a lawsuit against Kenmore refrigerators equipped with LG Electronics’ compressors produced […]
Amazon Sees Surge in North American Profitability, Target Price RaisedAmazon (AMZN) has seen a significant improvement in its North American business profitability, resulting in solid performance, and a report on the revision of its raised target price has been released. KB Securities has proposed a target price of $209, a 22.9% increase from the previous target price for Amazon, reflecting profitability improvements confirmed in […]
Slovak Foreign Minister Juraj Blanár Meets Russian Foreign Minister Sergey Lavrov in TurkeyA high-level meeting between a European Union (EU) member state and a country that has attempted to separate from the EU has taken place, with high-ranking officials from the Slovak government and the Russian Foreign Minister in attendance. Both countries announced on the 2nd (local time) that Slovak Foreign Minister Juraj Blanár had a separate […]
San Francisco Giants' Lee Jung Hoo Shines on the FieldLee Jung Hoo recorded 2 hits, including a home run, in his second MLB exhibition game, emerging as the hope of the San Francisco Giants. San Francisco Giants’ Lee Jung Hoo (25) is receiving attention for hitting the first home run in his second Major League Baseball (MLB) exhibition game. Lee Jung Hoo showcased a […]
Alaska Airlines Collaborates with DOJ in Probe of Boeing 737 MAX Incident Alaska Airlines is cooperating with the U.S. Department of Justice (DOJ) to investigate the Boeing 737 Max explosion incident. Reuters reported on the 10th that Alaska Airlines has been cooperating with the DOJ since a criminal investigation into the Boeing 737 Max airplane explosion incident began. In a statement to Reuters, Alaska Airlines said, “It […]
Egypt's Inflation Rate Reaches 35.7% in February Egypt’s annual inflation surged in February. According to Capmas statistics on the 10th (local time), Egypt’s annual urban consumer price inflation surged from 29.8% in January to 35.7% in February, fueled by rising food and beverage prices. The central bank stated that core inflation, excluding fuel and some volatile foods, rose from 29% in January […]
Costco's Q2 Sales Slightly Below Expectations, But EPS Exceeds: Hold for Now With Costco’s (COST) second-quarter earnings per share (EPS) exceeding market expectations, advice suggested that the stock should be held, even amidst valuation concerns. Costco’s sales for the second quarter of the fiscal year 2024 (November 27, 2023 – February 18, 2024, 12 weeks) increased by 5.7% from the previous year to $58.4 billion. The GAAP-based […]
South Korea Ranks 8th in Financial Literacy Among OECD Countries South Koreans ranked eighth in financial literacy among the 39 countries that participated in a survey by the Organisation for Economic Co-operation and Development (OECD). However, their understanding of digital finance was lower than the average of the OECD and 28 other countries, indicating a lack of awareness about financial security. According to the “2023 […]
Target's Q4 Sales Reach $31.9 Billion, Exceeds Market Expectations for EPS by 24.1% Target has met market expectations for the fifth consecutive quarter. Target’s Q4 sales for 2023 (November 2023 – January 2024) increased by 1.7% compared to the previous year, reaching $31.9 billion, and operating profit increased by 60.9% to $1.9 billion. Non-GAAP EPS increased by 57.7% to $2.98, meeting the market expectations of sales and exceeding […]
Campbell Soup Company Beat Quarterly Estimates with Steady Demand for Quick Meals and Cookies Campbell Soup Co. slightly exceeded quarterly estimates due to steady demand. Campbell Soup Co. announced on the 6th that its quarterly sales and profits slightly exceeded market estimates, maintaining its annual forecast. The company’s stock rose 2% in early trading due to high prices and sustained demand for branded instant foods and cookies. The price of […]
Japan's Mitsubishi Corp. Ventures into North American Lithium Mines, Reducing China Dependency According to a report by Nikkei Newspaper on the 5th, Japan’s Mitsubishi Corporation is set to develop lithium mines in North America in a joint venture with a Canadian mining company. Mitsubishi Corporation will invest in a joint venture established by Frontier Lithium, a Canadian company that owns the mining rights to North American lithium […]
Turkey's Inflation Hits Record High: Soars Nearly 70% Turkey’s annual inflation seems to have turned to the highest in 15 months, and the central bank is still on alert even after halting the interest rate hike. According to the median estimate of Bloomberg economists on the 4th, Turkey’s inflation rate is expected to reach 66% in February, accelerating for the fourth consecutive month. […]
Gold Prices Hit All-Time High Amid US Rate Cut Expectations The price of gold, domestically and internationally, has hit a record high due to the expectation of a cut in interest rates in the U.S. According to the Korea Exchange (KRX) on the 5th, the spot price per gram of 1 kg gold in the gold market the previous day closed at $66.84, up 2.20%. […]
Huawei Overtakes Apple in China's Smartphone Market Amid Sales Surge Apple’s iPhone sales in China have plummeted, falling behind Huawei. According to Counterpoint, on the 5th, Apple faced intensified competition with Chinese companies such as Huawei in the first six weeks of 2024, resulting in a 24% decrease in iPhone sales in China compared to last year. On the other hand, Huawei, Apple’s main competitor […]
California Approves Google Waymo's Driverless Robotaxi Service in LA and More Google’s Waymo autonomous robotaxi service is expanding. California regulators approved the expansion of Waymo’s robotaxi convenience service to the cities south of Los Angeles and San Francisco on the 2nd. The California Public Utilities Commission (CPUC) announced, “Starting today, Waymo can operate driverless passenger services in specific areas of Los Angeles and San Francisco.” In […]
Dell Technologies (DELL) Exceed Market Expectations With Increased AI Server Sales Dell Technologies, a company that provides IT hardware, software, and service solutions, has exceeded market expectations with its quarterly results. Dell’s revenue for the fourth quarter of the fiscal year 2024 was $22.32 billion, a decrease of 10.9% compared to the previous year, exceeding market expectations. Despite the conservative perspective on investment among corporations, the […]
Snowflake Shocks Market with Next Quarter Guidance, AI Strategy in Focus Despite surpassing expectations with its quarterly results, Snowflake’s (SNOW) stock price plummeted in after-hours trading on the day of the earnings announcement due to its next quarter guidance falling short of the consensus. Snowflake’s revenue for the fourth quarter of fiscal year 2024 was $775 million, a 31.5% increase from the previous year, exceeding the […]
BLACKPINK's Impact: YG Entertainment's Earnings Forecast Dips, Target Price Lowered The fourth quarter performance of YG Entertainment (122870) has fallen short of market expectations, and future performance is expected to fluctuate depending on the activities of BLACKPINK. Hana Securities revised its operating profit outlook for YG Entertainment, assuming changes in BLACKPINK’s activities, on the 4th to about $37 million in 2024 and about $67 million […]
LG Electronics Faces Class-Action Lawsuit in U.S. Over Refrigerator Defects LG Electronics has been engulfed in a class-action lawsuit in the US over performance defects in its refrigerator products. This lawsuit was filed by some consumers in the US, claiming that LG Electronics’ refrigerators do not meet their expected lifespan. These consumers are pursuing a lawsuit against Kenmore refrigerators equipped with LG Electronics’ compressors produced […]
Amazon Sees Surge in North American Profitability, Target Price Raised Amazon (AMZN) has seen a significant improvement in its North American business profitability, resulting in solid performance, and a report on the revision of its raised target price has been released. KB Securities has proposed a target price of $209, a 22.9% increase from the previous target price for Amazon, reflecting profitability improvements confirmed in […]
Slovak Foreign Minister Juraj Blanár Meets Russian Foreign Minister Sergey Lavrov in Turkey A high-level meeting between a European Union (EU) member state and a country that has attempted to separate from the EU has taken place, with high-ranking officials from the Slovak government and the Russian Foreign Minister in attendance. Both countries announced on the 2nd (local time) that Slovak Foreign Minister Juraj Blanár had a separate […]
San Francisco Giants' Lee Jung Hoo Shines on the Field Lee Jung Hoo recorded 2 hits, including a home run, in his second MLB exhibition game, emerging as the hope of the San Francisco Giants. San Francisco Giants’ Lee Jung Hoo (25) is receiving attention for hitting the first home run in his second Major League Baseball (MLB) exhibition game. Lee Jung Hoo showcased a […]
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