Citigroup's NYC Layoffs: 430 Employees to Go in JuneCitigroup is now embarking on a massive layoff in New York. On the 1st, Citigroup announced in documents submitted to the Department of Labor that it would lay off 430 employees across multiple departments in New York. According to the documents, the layoffs will target 363 Citibank employees and include employees from the technology and […]
Russia's Baltika Slaps Carlsberg Subsidiaries with $900 Million Damage ClaimBaltika and Carlsberg of Russia are currently in a dispute over licensing issues. On the 1st (local time), a Russian court revealed that Baltika Brewery in Russia had claimed damages equivalent to 6.24 billion Danish crowns ($897 million) from four Carlsberg subsidiaries. After Moscow seized and took over Baltika, a subsidiary of Carlsberg in Russia, […]
Former Baseball Player Sent to Prosecutors for Drug Use and Assault ChargFormer professional baseball player Oh Jae Won has been sent to the prosecutors on charges of drug use and assaulting a woman. On the 29th, the Seoul Gangnam Police Station announced, “Oh Jae Won has been sent to the Seoul Central District Prosecutors’ Office on charges of violating the Narcotics Control Act (stimulants) and assault.” […]
Elon Musk Reveals Upgraded Grok-1.5 Chatbot from xAI, Launching Next WeekElon Musk, CEO of Tesla Elon Musk is set to launch the upgraded Grok-1.5. Elon Musk revealed in a post on his social media on the 29th (local time) that the latest Grok-1.5 chatbot from AI startup xAI will be available on X next week. Grok-1.5, the enhanced version of Grok, will be available on […]
AT&T Resets Passwords for Millions: Customers Alerted to Data BreachAT&T has recently begun to notify millions of customers about personal data theft that has been discovered online. AT&T announced on the 30th (local time) that sets of data found on the dark web include personal information such as the social security numbers of about 76 million current AT&T account owners and about 65.4 million […]
Han So Hee and Ryu Jun Yeol Confirm Breakup, Opting to Prioritize Acting CareersActors Han So Hee and Ryu Jun Yeol have decided to separate, and their romantic relationship has been concluded. Han So Hee’s 9ato Entertainment agency was announced on the 30th. They stated, “We have decided to break up to focus more on our roles as actors,” and “We will continue to support each other on […]
U.S. House of Representatives Bans Use of Microsoft's AI CopilotReuters 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 […]
Lee Jung Hoo Slams MLB Debut Home Run at Petco Park, Igniting Historic Moment of TriumphOn 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 […]
Citigroup: More Cuts Expected as Part of Global Reorganization [AlphaEconomy=(Chicago) Paul Lee Correspondent] Citigroup's major restructuring is nearing completion...
Moderna Secures $750 Million in Funding to Develop a Flu Vaccine, Backed by Blackstone Life SciencesModerna 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 […]
Visa Adds New AI Tools to Improve Payment Security [AlphaEconomy=(Chicago) Paul Lee Correspondent] Visa is adding three new AI-powered fraud prevention tools to improve security...
Nvidia Accelerates New Product Releases, Solidifies AI DominanceNvidia, 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 […]
Krispy Kreme Shares Soar After Partnering With McDonald'sKrispy 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 […]
General Electric (GE) Prepares to Become a Pure-Play Aerospace CompanyGeneral 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 […]
Boeing CEO Dave Calhoun to Step Down Amid Safety Crisis and Management ShakeupBoeing’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 […]
Nike Beats Expectations in Q3, Plans Strategic Shift Towards New Product LaunchesNike (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). […]
FedEx Exceeds Quarterly Earnings Expectations Despite Revenue DropFedEx (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, […]
United Airlines Under the Microscope: FAA Ramps Up Investigation into Safety ConcernsThe 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 […]
Iran's Currency Crisis: Rial Hits Record Low as Diplomatic Tensions SoarAmid 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 […]
McDonald's Pulls Out of Sri Lanka: Closes All 12 Stores Following Contract TerminationA 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 […]
Citigroup's NYC Layoffs: 430 Employees to Go in June Citigroup is now embarking on a massive layoff in New York. On the 1st, Citigroup announced in documents submitted to the Department of Labor that it would lay off 430 employees across multiple departments in New York. According to the documents, the layoffs will target 363 Citibank employees and include employees from the technology and […]
Russia's Baltika Slaps Carlsberg Subsidiaries with $900 Million Damage Claim Baltika and Carlsberg of Russia are currently in a dispute over licensing issues. On the 1st (local time), a Russian court revealed that Baltika Brewery in Russia had claimed damages equivalent to 6.24 billion Danish crowns ($897 million) from four Carlsberg subsidiaries. After Moscow seized and took over Baltika, a subsidiary of Carlsberg in Russia, […]
Former Baseball Player Sent to Prosecutors for Drug Use and Assault Charg Former professional baseball player Oh Jae Won has been sent to the prosecutors on charges of drug use and assaulting a woman. On the 29th, the Seoul Gangnam Police Station announced, “Oh Jae Won has been sent to the Seoul Central District Prosecutors’ Office on charges of violating the Narcotics Control Act (stimulants) and assault.” […]
Elon Musk Reveals Upgraded Grok-1.5 Chatbot from xAI, Launching Next Week Elon Musk, CEO of Tesla Elon Musk is set to launch the upgraded Grok-1.5. Elon Musk revealed in a post on his social media on the 29th (local time) that the latest Grok-1.5 chatbot from AI startup xAI will be available on X next week. Grok-1.5, the enhanced version of Grok, will be available on […]
AT&T Resets Passwords for Millions: Customers Alerted to Data Breach AT&T has recently begun to notify millions of customers about personal data theft that has been discovered online. AT&T announced on the 30th (local time) that sets of data found on the dark web include personal information such as the social security numbers of about 76 million current AT&T account owners and about 65.4 million […]
Han So Hee and Ryu Jun Yeol Confirm Breakup, Opting to Prioritize Acting Careers Actors Han So Hee and Ryu Jun Yeol have decided to separate, and their romantic relationship has been concluded. Han So Hee’s 9ato Entertainment agency was announced on the 30th. They stated, “We have decided to break up to focus more on our roles as actors,” and “We will continue to support each other on […]
U.S. House of Representatives Bans Use of Microsoft's AI Copilot 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 […]
Lee Jung Hoo Slams MLB Debut Home Run at Petco Park, Igniting Historic Moment of Triumph 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 […]
Citigroup: More Cuts Expected as Part of Global Reorganization [AlphaEconomy=(Chicago) Paul Lee Correspondent] Citigroup's major restructuring is nearing completion...
Moderna Secures $750 Million in Funding to Develop a Flu Vaccine, Backed by Blackstone Life Sciences 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 […]
Visa Adds New AI Tools to Improve Payment Security [AlphaEconomy=(Chicago) Paul Lee Correspondent] Visa is adding three new AI-powered fraud prevention tools to improve security...
Nvidia Accelerates New Product Releases, Solidifies AI Dominance 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 […]
Krispy Kreme Shares Soar After Partnering With McDonald's 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 […]
General Electric (GE) Prepares to Become a Pure-Play Aerospace Company 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 […]
Boeing CEO Dave Calhoun to Step Down Amid Safety Crisis and Management Shakeup 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 […]
Nike Beats Expectations in Q3, Plans Strategic Shift Towards New Product Launches 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). […]
FedEx Exceeds Quarterly Earnings Expectations Despite Revenue Drop 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, […]
United Airlines Under the Microscope: FAA Ramps Up Investigation into Safety Concerns 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 […]
Iran's Currency Crisis: Rial Hits Record Low as Diplomatic Tensions Soar 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 […]
McDonald's Pulls Out of Sri Lanka: Closes All 12 Stores Following Contract Termination 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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