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BUSINESS

  • First Quantum Minerals Seeks $20 Billion in Compensation from Panama Over Cobre Panamá Mine Shutdown First Quantum Minerals seeks $20 billion from Panama for the shutdown of Cobre Panamá, affecting copper stockpile worth up to $340 million.
  • Warren Buffett Offloads $982 Million in Bank of America Stock as Berkshire Cuts Stake by 13% Warren Buffett sold $982 million of Bank of America shares, reducing Berkshire Hathaway’s stake by 13% since July.
  • KOSPI Falls Over 1% Despite Strong Nvidia Earnings: 'Expectations Were Too High' Nvidia's Q2 revenue surpassed expectations but fell short of market hopes, leading to declines in major Korean semiconductor stocks.
  • Nvidia Posts Record Q2 Earnings but Stock Falls as Market Expectations Remain High Nvidia's strong Q2 earnings and upbeat Q3 guidance led to a stock drop, reflecting the market's high expectations.
  • Snapchat Finally Launches Native iPad App After 13 Years Snapchat has introduced native iPad support after 13 years, filling the screen and enhancing accessibility, though only in portrait mode.
  • UBS Ups U.S. Recession Risk as Job Market Slows Down UBS increased the probability of a U.S. recession to 25% amid weak job growth and rising unemployment, citing an uncertain economic outlook.
  • Big Brands Pulling Out of China: What’s Behind the Massive Exit and Restructuring? As China’s consumer market falters, global firms like IBM and Din Tai Fung are restructuring or exiting, while Walmart expands.
  • U.S. Government Pumps $50 Million into HP for Cutting-Edge Semiconductor Tech The U.S. government is granting $50 million to HP for semiconductor tech, boosting life sciences and AI equipment production.
  • NVIDIA's Earnings Report Expected to Shake Up the Market with $300 Billion Price Swing Traders expect NVIDIA’s stock to swing $305 billion post-earnings report, predicting 9.8% volatility, the highest in years.
  • 90% of CEOs in South Korea Think AI Will Boost Their Strategic Moves—Here’s How Over 90% of South Korean CEOs believe AI can aid strategic decision-making, enhancing data analysis and efficiency.
  • NVIDIA’s Big Reveal: Analysts Predict Smaller Shock in Upcoming Earnings Analysts expect NVIDIA's earnings report to show less surprise, with key focus on profit margins and guidance.
  • China’s Universities Drop Foreign Language Majors: Is AI to Blame? Chinese universities are halting foreign language major recruitment due to poor job prospects and AI's impact on demand.
  • Why San Francisco Isn’t Fighting to Keep Elon Musk’s X From Leaving Tesla CEO Elon Musk is relocating X’s headquarters from San Francisco to Austin, citing California's new transgender student rights law.
  • Gold Hits New Highs: Hedge Funds’ Biggest Bet in Years Points to Possible Fed Rate Cut Hedge funds now hold their largest net long gold position in four years, betting on a potential U.S. rate cut.
  • Nvidia Set to Outshine Q2 Earnings Predictions, But What’s Next for Its Stock? Eugene Investment & Securities predicts Nvidia will surpass Q2 earnings expectations but warns of slower stock growth ahead.
  • Chinese Steel Exports Drive Iron Ore Prices to New Lows Chinese steel companies boost low-cost exports due to domestic demand slowdown, pressuring global markets and iron ore prices.
  • South Korea-Cuba Mineral Deal Threatened by U.S. Helms-Burton Law As South Korea and Cuba explore mineral cooperation, concerns about the Helms-Burton Act may disrupt business, similar to Panasonic's issues.
  • Gold Prices Soar: Gold Bars Now Exceed $1 Million for the First Time Ever Recent increases in gold prices have pushed the price of gold bars to surpass $1 million for the first time in history.
  • Democrats Avoid Crypto Debate: What This Silence Could Mean for the Industry Although the Democratic Party released its draft platform for the presidential election, it did not mention cryptocurrency.
  • Trump's Shocking Comments Leave Hyundai and Kia Scrambling Amid Success in the U.S. Trump suggested he might eliminate the $7,500 EV tax credit if re-elected, which would impact Hyundai and South Korea's battery industry.
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Weekly Best Articles

  • North Korean Soldiers Accused of Gang-Raping Russian Student During Training
  • North Korea’s Hidden Nuclear Plans Revealed – And They’re More Dangerous Than We Thought
  • North Korean Leader’s Nuclear Threats Intensify as Troops Engage in Russia-Ukraine Conflict
  • Ukraine Just Got Its Deadliest Weapon—Is This the Most Dangerous Move Yet?
  • NIS Hints at Kim Jong Un’s Visit to Russia—Could Major Weapons Transfers Be Next?
  • U.S. Faces $3.4 Billion Economic Loss as China Tightens Control Over Essential Tech Minerals
  • Putin Sends 70+ Animals to North Korea’s Zoo—Including Female Lions
  • Walmart’s Sales Soar to $169.59 Billion – What’s Driving Their Record Growth?
  • Ford Announces 4,000 Job Cuts in Europe Amid Struggles with Electric Vehicle Transition
  • Historic Agreement Signed in Pyongyang to Boost Trade and Science with Russia
  • New Crypto Mining Ban Hits Russia: Full Restrictions for Key Areas Due to Power Shortages
  • Huawei’s Struggle to Keep Up: U.S. Sanctions Threaten China’s Semiconductor Ambitions

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