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BUSINESS

  • THIS Airline Takes #1 in Business and First Class at 2024 10Best Awards Korean Air won Best Airline in Business and First Class at the 2024 10Best Readers' Choice Awards organized by USA Today every year.
  • Warren Buffett Cashed in $9 Billion by Offloading Bank of America Stakes Warren Buffett's Berkshire Hathaway has profited $9 billion since July, selling more Bank of America shares while maintaining a 10.5% stake.
  • Goldman Sachs Sees Bright Future for Tesla, Suggests Buying Stock Options Goldman Sachs has advised investors to buy call options for Tesla, citing a series of potential key developments.
  • Intel Introduces Gaudi 3 AI Chip, Eyes Competition with Nvidia and AMD Intel is launching its Gaudi 3 AI chip to compete with Nvidia and AMD, claiming superior efficiency and speed for generative AI.
  • China’s Stimulus Boosts Oil Prices as U.S. Faces Hurricane Threats The price of New York crude oil rose after China announced interest rate cuts and a large economic stimulus package.
  • Silicon Valley vs. Seoul: U.S. Tech Fears Korean Laws Could Help China The CCIA opposes South Korea's Platform Competition Promotion Act, arguing it may harm U.S. firms and benefit Chinese competitors.
  • Lemon8 vs. TikTok: ByteDance's Battle for Social Media Supremacy Lemon8, a social media platform owned by ByteDance, is steadily rising in the U.S. App Store rankings, according to a report from TechCrunch.
  • Israel's AI Ambition Skyrockets Them to 4th in the World: Their Plan to Outshine the U.S. and China Israel's AI technology ranks fourth globally, with a high talent percentage and a $2.7 million plan to attract overseas experts.
  • Coca-Cola Bets Big on Nigeria: $1 Billion Investment to Transform the Market Bola Tinubu, the President of Nigeria, and senior executives from Coca-Cola have concluded an investment-related meeting.
  • Judge Approves Terraform Bankruptcy—Can Investors Get Their Money Back? Terraform Labs, the company behind the cryptocurrencies Terra and Luna, has received bankruptcy approval in the United States.
  • Casino Fever: 80% of Thais Support Legalizing Casinos for Tourism Boost The Thai government is advancing casino legalization to boost tourism, with strong public support and plans for entertainment complexes.
  • Fed Cuts Rates for the First Time in Four Years: What It Means for Investors The Fed has cut interest rates for the first time in four years, impacting corporate bond markets positively amid economic adjustments.
  • Musk's Lithium Nightmare? Russia and Bolivia’s $970 Million Deal Could Shake Up the Market! Russia's state nuclear company subsidiary Uranium One Group will partner with Bolivia to build a lithium carbonate plant. 
  • China's AI Models Racing Ahead: Could They Outpace U.S. in Just Months? A recent report suggests that while China's artificial intelligence(AI) models lag behind their American counterparts by about six months.
  • Nvidia’s Plan B: Jensen Huang Reveals Backup Strategy if TSMC Faces Geopolitical Challenges Nvidia CEO Jensen Huang recently discussed the partnership with TSMC, hinting that he could utilize other foundries as necessary. 
  • House Passes Bill Blocking Tax Credits for Chinese-Backed EVs: Big Win for U.S. Auto Industry? On Thursday, U.S. House of Representatives passed H.R. 7980, the End Chinese Dominance of Electric Vehicles in America Act of 2024.
  • Trump vs. Harris Debate Sparks Market Shifts: Experts Warn of Volatility! Following the presidential debate, experts suggest focusing on market volatility over political shifts, with eco-friendly sectors rebounding.
  • Trump's Ex-Security Chief Calls for Tougher Protection of U.S. Companies! Robert O'Brien highlighted the need for the U.S. to shield American companies from stringent regulations imposed by Korea and Japan.
  • NVIDIA's Game-Changing Move: Could Samsung Replace TSMC for AI Chips? NVIDIA's CEO, Jensen Huang, hinted that the company might explore outsourcing AI chip production to firms other than Taiwan's TSMC.
  • U.S. Deputy Secretary Calls for Ban on Samsung’s and SK Hynix’s High-Tech Memory in China The U.S. government mentioned the potential export ban on high-bandwidth memory (HBM) produced by Samsung Electronics and SK Hynix in China.
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