Google's Layoff Spree Continues Amid Economic UncertaintyGoogle recently initiated additional layoffs for its cost-cutting measures and plans to transition laid-off employees to overseas hubs. According to a Google spokesperson on the 17th (local time), the layoffs are not company-wide, and affected employees can apply for internal roles. However, the spokesperson did not specify the number of affected employees or the relevant […]
Apple's Big Move: $250 Million Investment in SingaporeTim Cook, currently touring Southeast Asia, also plans to invest in Singapore. According to an Apple statement on the 18th (local time), the company plans to invest more than $250 million to expand its local campus and operations in Ang Mo Kio, Singapore. Tim Cook, CEO of Apple, said, “Singapore is truly a unique place, […]
Major U.S. Bank Morgan Stanley Axes Dozens of Jobs in AsiaMorgan Stanley is laying off dozens of bankers in the Asia region. According to sources on the 17th (local time), Morgan Stanley is laying off at least 50 people in the Asia-Pacific region due to a slump in trading. This layoff represents about 13% of the 400 Wall Street bank employees working in the Asia […]
Meta Takes on Google with the Launch of Llama 3 AI ModelMeta Platforms, Inc. has unveiled a new version of its powerful Llama AI model to keep pace with similar technologies from companies like Alphabet Inc.’s Google. Meta revealed the upgraded model Llama 3 on the 18th (local time), an improvement on the AI model launched last summer. Meta operates its own in-app AI assistant, Meta […]
Kim Ha Seong: The Next Big Thing in MLB Free AgencySan Diego Padres’ starting shortstop, Kim Ha Seong, is expected to be ranked fifth among infielders in the free agent (FA) market after the 2024 MLB season, according to a column by former MLB commissioner Jim Bowden, published on The Athletic on the 18th (Korean time). Kim’s batting average was 0.260, his on-base percentage was […]
Samsung Workers Stand Up: First Collective Action Takes PlaceThe National Samsung Electronics Labor Union (NSEL) held its first collective action on the afternoon of the 17th in front of the Samsung Electronics DSR Tower in Hwaseong, Gyeonggi Province. The organizers estimated that approximately 2,000 workers attended the event. The NSEL put on a nerve-wracking show with the company over the venue for its […]
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 […]
Google's Layoff Spree Continues Amid Economic Uncertainty Google recently initiated additional layoffs for its cost-cutting measures and plans to transition laid-off employees to overseas hubs. According to a Google spokesperson on the 17th (local time), the layoffs are not company-wide, and affected employees can apply for internal roles. However, the spokesperson did not specify the number of affected employees or the relevant […]
Apple's Big Move: $250 Million Investment in Singapore Tim Cook, currently touring Southeast Asia, also plans to invest in Singapore. According to an Apple statement on the 18th (local time), the company plans to invest more than $250 million to expand its local campus and operations in Ang Mo Kio, Singapore. Tim Cook, CEO of Apple, said, “Singapore is truly a unique place, […]
Major U.S. Bank Morgan Stanley Axes Dozens of Jobs in Asia Morgan Stanley is laying off dozens of bankers in the Asia region. According to sources on the 17th (local time), Morgan Stanley is laying off at least 50 people in the Asia-Pacific region due to a slump in trading. This layoff represents about 13% of the 400 Wall Street bank employees working in the Asia […]
Meta Takes on Google with the Launch of Llama 3 AI Model Meta Platforms, Inc. has unveiled a new version of its powerful Llama AI model to keep pace with similar technologies from companies like Alphabet Inc.’s Google. Meta revealed the upgraded model Llama 3 on the 18th (local time), an improvement on the AI model launched last summer. Meta operates its own in-app AI assistant, Meta […]
Kim Ha Seong: The Next Big Thing in MLB Free Agency San Diego Padres’ starting shortstop, Kim Ha Seong, is expected to be ranked fifth among infielders in the free agent (FA) market after the 2024 MLB season, according to a column by former MLB commissioner Jim Bowden, published on The Athletic on the 18th (Korean time). Kim’s batting average was 0.260, his on-base percentage was […]
Samsung Workers Stand Up: First Collective Action Takes Place The National Samsung Electronics Labor Union (NSEL) held its first collective action on the afternoon of the 17th in front of the Samsung Electronics DSR Tower in Hwaseong, Gyeonggi Province. The organizers estimated that approximately 2,000 workers attended the event. The NSEL put on a nerve-wracking show with the company over the venue for its […]
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 […]
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