alphabiz, Author at ViewusGlobal - Page 18 of 20

alphabiz (395 Posts)

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  U.S. House of Representatives Bans Use of Microsoft's AI Copilot 2024.04.01 Reuters reported on the 30th (local time) that the U.S. House of Representatives has strictly prohibited congressional staff from using Microsoft’s Copilot AI assistant. Catherine Szpindor, the chief administrative officer of the U.S. House of Representatives, said, “The Microsoft Copilot application has been deemed dangerous by the Cyber Security Bureau due to the threat of […]
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  Lee Jung Hoo Slams MLB Debut Home Run at Petco Park, Igniting Historic Moment of Triumph 2024.04.01 On the 30th local time, Lee Jung Hoo (25, San Francisco Giants) recorded his first home run in Major League Baseball (MLB), filling Petco Park in San Diego, California, with cheers. Lee Jung Hoo stated, “My father (former LG Twins coach Lee Jong Beom) and friends were in the stands.” He was seen waving to […]
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  Citigroup: More Cuts Expected as Part of Global Reorganization 2024.03.28 [AlphaEconomy=(Chicago) Paul Lee Correspondent] Citigroup's major restructuring is nearing completion...
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  Moderna Secures $750 Million in Funding to Develop a Flu Vaccine, Backed by Blackstone Life Sciences 2024.03.28 Moderna is developing a flu vaccine with an investment from Blackstone Life Sciences, a Blackstone life science investment platform. On the 27th (local time), Moderna announced that it had signed a $750 million financing agreement with Blackstone Life Sciences to develop an mRNA flu vaccine. Moderna stated that Blackstone Life Sciences will receive commercial milestone […]
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  Visa Adds New AI Tools to Improve Payment Security 2024.03.28 [AlphaEconomy=(Chicago) Paul Lee Correspondent] Visa is adding three new AI-powered fraud prevention tools to improve security...
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  Nvidia Accelerates New Product Releases, Solidifies AI Dominance 2024.03.28 Nvidia, the global AI leader, is expected to strengthen its dominance in the AI market as the launch cycle of its new products is being shortened. Moon Jun Ho, a researcher at Samsung Securities, believes that “The anticipation of Nvidia’s dominance in the AI market is continuously strengthening due to the shortened new product launch […]
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  Krispy Kreme Shares Soar After Partnering With McDonald's 2024.03.27 Krispy Kreme’s stock price has soared following a partnership with McDonald’s. Krispy Kreme shares rose by up to 23% in pre-market trading on September 26th after McDonald’s announced plans to supply Krispy Kreme doughnuts to all U.S. stores by the end of 2026. The two companies have announced that the partnership will begin in the […]
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  General Electric (GE) Prepares to Become a Pure-Play Aerospace Company 2024.03.27 General Electric (GE) is set to become a pure space and aviation company following its spin-off. General Electric (GE) has undergone a significant restructuring of its business since 2018, which has involved asset sales and other means of realignment. As a result, it has split its operations into three divisions: aviation (GE Aerospace), energy (GE […]
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  Boeing CEO Dave Calhoun to Step Down Amid Safety Crisis and Management Shakeup 2024.03.26 Boeing’s CEO, Dave Calhoun, is resigning and taking responsibility for several incidents. On the 25th, Boeing announced that, as part of a broad management overhaul due to the safety crisis caused by the in-flight panel crash of the 737 Max model last January, CEO Dave Calhoun will take responsibility and plans to resign by the […]
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  Nike Beats Expectations in Q3, Plans Strategic Shift Towards New Product Launches 2024.03.26 Nike (NKE), the world’s largest sportswear and sneaker retailer, exceeded market expectations with its quarterly performance. Nike’s Q3 fiscal year 2024 (December-February) revenues were $12.43 billion (up 0.3% from the previous year), total sales profit was $5.56 billion (a 3.6% increase), and net income attributable to the controlling shareholder was $1.17 billion (a 5.5% decrease). […]
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  FedEx Exceeds Quarterly Earnings Expectations Despite Revenue Drop 2024.03.26 FedEx (FDX), a global transportation company, exceeded quarterly earnings expectations. Despite a decrease in revenue, profits increased due to cost-cutting measures. FedEx’s third quarter (December to February) revenue was $21.74 billion, a decrease of 1.9% from the previous year, and operating profit was $1.24 billion, an increase of 19.3%. EPS (earnings per share) recorded $3.51, […]
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  United Airlines Under the Microscope: FAA Ramps Up Investigation into Safety Concerns 2024.03.25 The U.S. Federal Aviation Administration (FAA) is conducting a detailed investigation into the safety of United Airlines. United Airlines announced on the 23rd that it will undergo an enhanced detailed investigation by the Federal Aviation Administration (FAA) following recent accidents. In a memo, Sasha Johnson, United Airlines’ Vice President of Aviation Safety, said, “In the […]
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  Iran's Currency Crisis: Rial Hits Record Low as Diplomatic Tensions Soar 2024.03.25 Amid Persian New Year celebrations, Iran’s currency plummeted to an all-time low of 613,500 rials per dollar on March 24th. On the last working day before the March 18th holiday, it was 590,000 rials per dollar. The exchange rate significantly affects other markets, including housing and rentals. Many Iranians have seen their life savings evaporate […]
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  McDonald's Pulls Out of Sri Lanka: Closes All 12 Stores Following Contract Termination 2024.03.25 A lawyer for McDonald’s Sri Lanka announced on the 24th (local time) that McDonald’s has terminated its contract with its regional partner in Sri Lanka and has closed all 12 of its stores in the country. Sanath Wijewardane, a spokesperson for McDonald’s, said, “McDonald’s has decided to terminate its contract with the franchisee due to […]
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  Federal Reserve Chair Powell Cautious on Long-Term Outlook Despite Interest Rate Hike 2024.03.22 Federal Reserve officials raised the long-term target interest rate on March 20th (local time). However, Jerome Powell stated that this does not necessarily signal a continuous rate increase. The current target rate is between 5.25% and 5.50%, with a forecasted rate cut of 0.75% this year. The administrators have raised the long-term forecast for the […]
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  Nvidia CEO Jensen Huang Gives Handwritten Approval to Samsung's HBM3E at GTC 2024 2024.03.22 Jensen Huang, CEO of Nvidia, visited Samsung Electronics’ booth at ‘GTC 2024’ and left a handwritten approval for their 5th generation high-bandwidth memory ‘HBM3E’ 12-layer product. Previously, Huang had announced through a global media briefing that he had tested Samsung’s HBM and had high expectations. This handwritten approval from CEO Huang is interpreted as an […]
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  Ruble Holds Steady: All Eyes on Interest Rate Decision 2024.03.22 Russian Ruble. (Photo=Yonhap News) The Russian ruble is showing signs of stability. On the 21st (local time), the Russian ruble showed stability, boosted by high oil prices, ahead of the central bank meeting on Friday. The central bank is expected to maintain the interest rate at 16% for the second consecutive meeting. The ruble traded […]
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  Chevron Settles Record $13 Million Fine Over California Oil Spills 2024.03.22 The energy giant Chevron is to pay a fine in California. Chevron has agreed on the 21st (local time) to pay a fine of over $13 million for dozens of oil spill incidents in California in the past, marking the largest fine ever imposed on the company. David Shabazian, Director of the California Department of […]
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  Mondelez Resilient in Face of Price Hikes: Sales Stay Strong 2024.03.21 American confectionery company Mondelez (MDLZ) continues to see steady sales despite price increases. Mondelez has implemented price hikes in key regions such as Europe and Latin America. However, the company is believed to be defending against a decrease in sales volume based on brand loyalty. “The company is proactively responding to offset the cost burden […]
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  Apple's CEO Tim Cook Hits the Ground in China: Here's Why 2024.03.21 Tim Cook of Apple has finally made a personal visit due to a slowdown in sales in China. Apple CEO Tim Cook met with suppliers, including Biel Crystal, on the 20th as sales in China decreased, emphasizing China’s importance in the supply chain. Cook revealed on his SNS post that he enjoyed a local breakfast […]