Russian Court Issues Six-Year Prison Sentence to Meta SpokespersonA verdict of imprisonment has been handed down to Meta’s spokesperson by the Russian authorities. As reported by RIA News, on the 22nd (local time), the military court in Moscow, Russia, issued a six-year prison sentence to Meta’s spokesperson, Andy Stone, on charges of publicly defending terrorism. The Russian Ministry of Internal Affairs initiated a […]
Fashion Brand, Express, Files for Bankruptcy and Reveals Plans for SaleExpress, a US-based apparel retailer, has commenced bankruptcy proceedings to facilitate its self-sale. In accordance with a statement released on the 22nd (local time), Express has received a proposal from brand manager WHP Global, in conjunction with mall operators Simon Property Group and Brookfield Property, to acquire the majority of the company’s operations and stores […]
US Housing Giant Dr. Horton Beats Estimates with Robust ProfitsAnalysts have reported that D.R. Horton (DHI), a company that builds homes and sells building materials in the U.S., ‘s quarterly results were better than expected. D.R. Horton’s second-quarter (January-March) sales were $9.11 billion, a 14.2% increase year over year, and its net income was $1.17 billion, a 24.4% increase. Earnings per share (EPS) were […]
Yen's Historic Plunge: Lowest Value Against Dollar in 34 YearsThe yen’s value fell to a 34-year low as the dollar-yen exchange rate surged to the threshold of 155 yen during trading. According to Kyodo News, on the 23rd, the dollar-yen exchange rate in the New York foreign exchange market the day before (local time) rose to 154.85 yen per dollar during trading. Despite joint […]
Power Struggle at HYBE Leads to Stock Market ChaosADOR’s Independence Attempt Triggers AuditTensions Surface Between HYBE and ADOR Management NewJeans’ HYBE IP Remains Unchanged Despite Heightened Volatility The stock price of HYBE is plummeting due to disputes surrounding management rights. As of 9:40 AM on the 23rd, the stock price of HYBE is trading at 205,000 won ($175.25), a decrease of 7,500 won […]
Healthcare Giant J&J Outperforms Market Predictions in Q1Johnson & Johnson’s (J&J) first-quarter net profit exceeded market consensus. J&J’s first-quarter revenue was $21.38 billion, a 2.3% increase from the previous year, slightly lower than market expectations. However, earnings per share rose 12% to $2.71, surpassing market forecasts. The pharmaceutical business, including the anticancer drugs Darzalex and Erleada, led revenue growth, while the medical […]
PepsiCo Faces Allegations of Unfair Labor Practices from Teamsters UnionsTeamsters unions in three U.S. states have filed a complaint against PepsiCo. On the 19th (local time), the Teamsters union reported to the National Labor Relations Board that they had accused PepsiCo of unfair labor practices. According to the union, local workers from five Teamsters in Illinois, Indiana, and Iowa accused PepsiCo of unfair labor […]
The Future of Warfare: Russia Steps Up Drone and Robot ProductionThe Russian Defense Ministry plans to establish a scientific and production center for drones and robotics. The Ministry of Defense announced on the 20th (local time) that Defense Minister Sergei Shoigu is inspecting the Moscow military district’s firearms and drone testing grounds. The conflict in Ukraine is characterized by an unprecedented scale of drone deployment, […]
American Express Beats Expectations with Stellar Earnings in Q1An American multinational financial services company, American Express (AXP), exceeded consensus with its first-quarter earnings. American Express’ first quarter revenue for 2024 reached $15.8 billion, a 10.6% increase yearly, and net income rose by 34.2% to $2.4 billion, surpassing market expectations. The total payment amount increased by 5.1% to $419.2 billion, and the total number […]
Tesla's Accelerator Pedal Issue: Recalls Nearly 4,000 CybertrucksTesla has initiated a recall for its Cybertruck. On the 19th (local time), Tesla announced that it had recalled 3,878 Cybertrucks to rework and replace the accelerator pedal, which could increase the risk of unintentional acceleration if it becomes detached. According to a recall report submitted to the U.S. National Highway Traffic Safety Administration, Tesla […]
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 […]
Russian Court Issues Six-Year Prison Sentence to Meta Spokesperson A verdict of imprisonment has been handed down to Meta’s spokesperson by the Russian authorities. As reported by RIA News, on the 22nd (local time), the military court in Moscow, Russia, issued a six-year prison sentence to Meta’s spokesperson, Andy Stone, on charges of publicly defending terrorism. The Russian Ministry of Internal Affairs initiated a […]
Fashion Brand, Express, Files for Bankruptcy and Reveals Plans for Sale Express, a US-based apparel retailer, has commenced bankruptcy proceedings to facilitate its self-sale. In accordance with a statement released on the 22nd (local time), Express has received a proposal from brand manager WHP Global, in conjunction with mall operators Simon Property Group and Brookfield Property, to acquire the majority of the company’s operations and stores […]
US Housing Giant Dr. Horton Beats Estimates with Robust Profits Analysts have reported that D.R. Horton (DHI), a company that builds homes and sells building materials in the U.S., ‘s quarterly results were better than expected. D.R. Horton’s second-quarter (January-March) sales were $9.11 billion, a 14.2% increase year over year, and its net income was $1.17 billion, a 24.4% increase. Earnings per share (EPS) were […]
Yen's Historic Plunge: Lowest Value Against Dollar in 34 Years The yen’s value fell to a 34-year low as the dollar-yen exchange rate surged to the threshold of 155 yen during trading. According to Kyodo News, on the 23rd, the dollar-yen exchange rate in the New York foreign exchange market the day before (local time) rose to 154.85 yen per dollar during trading. Despite joint […]
Power Struggle at HYBE Leads to Stock Market Chaos ADOR’s Independence Attempt Triggers AuditTensions Surface Between HYBE and ADOR Management NewJeans’ HYBE IP Remains Unchanged Despite Heightened Volatility The stock price of HYBE is plummeting due to disputes surrounding management rights. As of 9:40 AM on the 23rd, the stock price of HYBE is trading at 205,000 won ($175.25), a decrease of 7,500 won […]
Healthcare Giant J&J Outperforms Market Predictions in Q1 Johnson & Johnson’s (J&J) first-quarter net profit exceeded market consensus. J&J’s first-quarter revenue was $21.38 billion, a 2.3% increase from the previous year, slightly lower than market expectations. However, earnings per share rose 12% to $2.71, surpassing market forecasts. The pharmaceutical business, including the anticancer drugs Darzalex and Erleada, led revenue growth, while the medical […]
PepsiCo Faces Allegations of Unfair Labor Practices from Teamsters Unions Teamsters unions in three U.S. states have filed a complaint against PepsiCo. On the 19th (local time), the Teamsters union reported to the National Labor Relations Board that they had accused PepsiCo of unfair labor practices. According to the union, local workers from five Teamsters in Illinois, Indiana, and Iowa accused PepsiCo of unfair labor […]
The Future of Warfare: Russia Steps Up Drone and Robot Production The Russian Defense Ministry plans to establish a scientific and production center for drones and robotics. The Ministry of Defense announced on the 20th (local time) that Defense Minister Sergei Shoigu is inspecting the Moscow military district’s firearms and drone testing grounds. The conflict in Ukraine is characterized by an unprecedented scale of drone deployment, […]
American Express Beats Expectations with Stellar Earnings in Q1 An American multinational financial services company, American Express (AXP), exceeded consensus with its first-quarter earnings. American Express’ first quarter revenue for 2024 reached $15.8 billion, a 10.6% increase yearly, and net income rose by 34.2% to $2.4 billion, surpassing market expectations. The total payment amount increased by 5.1% to $419.2 billion, and the total number […]
Tesla's Accelerator Pedal Issue: Recalls Nearly 4,000 Cybertrucks Tesla has initiated a recall for its Cybertruck. On the 19th (local time), Tesla announced that it had recalled 3,878 Cybertrucks to rework and replace the accelerator pedal, which could increase the risk of unintentional acceleration if it becomes detached. According to a recall report submitted to the U.S. National Highway Traffic Safety Administration, Tesla […]
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 […]
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