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BUSINESS

  • 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.
  • NVIDIA Soars to New Heights: Stock Hits $130, Overtakes Microsoft as 2nd Largest NYSE Listed Company NVIDIA’s stock rose to $130, making it the second-largest company by market cap, surpassing Microsoft and nearing Apple.
  • China’s Car Market Meltdown: Why Big Brands Like GM and BMW Are Losing Ground Foreign car brands like GM, Volkswagen, and BMW are struggling in China, where domestic EVs, bolstered by government support, thrive.
  • China’s Secret Copper Obsession: Why the World’s Top Consumer is Hoarding More Than Ever China's copper consumption surged 4.6% in 2022, driven by energy transition goals. Demand is rising in EVs and renewable energy.
  • U.S. Drone Market Set to Skyrocket: New Rules and Possible Chinese Sanctions Could Transform Industry The U.S. drone market is growing rapidly. Eased regulations and potential Chinese drone sanctions may boost non-Chinese brands.
  • Despite U.S. Sanctions, China's Huawei Set to Release AI Chip Comparable to Nvidia Soon Huawei is set to launch the Ascend 910C as early as October. The company claims its performance is similar to that of Nvidia's H100.
  • China vs. US: Shocking Truth About Who’s Really Winning the E-Commerce Battle China is dominating the online commerce industry, with its market size estimated to be nearly three times that of the United States.
  • Porsche's Latest Taycan: The Fastest Electric Luxury Sedan Just Got Even Better! Porsche is set to launch a facelift model of its Taycan, which pioneered the high-performance luxury electric vehicle market.
  • Turkey’s Instagram Ban Lifted: What Really Went Down with Meta? Abdulkadir Uraloglu, Turkey's transportation and infrastructure minister, announced on Saturday that the ban would be lifted.
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