BUSINESS
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Wall Street Guru: Why Apple's AI Push Could Make You Rich Steve Eisman, a well-known Wall Street fund manager and the real-life protagonist of The Big Short, ... -
Apple Reigns Supreme: Back at #1 in Market Cap After Latest AI Announcement According to Reuters, Apple has surpassed Microsoft Corporation (MS) to become the most valuable company in market capitalization as the trading closed on June 13. Apple’s market capitalization has exceeded that of Microsoft Corporation (MS), taking the top spot. This comes after Apple’s stock price rose by 8.8% over four trading days following the announcement […] -
Will Trump's Controversial Trade-Off Lead to No More Income Tax? Janet Yellen, the U.S. Secretary of the Treasury, criticized former President Donald Trump’s proposal to abolish income tax and replace it with tariffs on imported goods, stating it would significantly exacerbate the hardship of Americans. In an interview with ABC, Yellen discussed Trump’s tax cut idea, stating, “A tariff well over 100% would be necessary,” […] -
IBM and Japan's AIST Forge Historic Quantum Computing Alliance The United States and Japan have agreed to develop next-generation quantum computers. According to the Nikkei on the 16th, IBM and the National Institute of Advanced Industrial Science and Technology signed a Memorandum of Understanding (MOU) on quantum research. This marks the first time IBM has collaborated with a research institute outside the U.S. […] -
China's Xiaomi EV Shatters Expectations with Record-Breaking 20,000 Deliveries! China's Xiaomi EV announced on Weibo that the cumulative number of deliveries of its first model, the SU7, exceeded 20,000 units on June 13. -
AI Fever Boosts NASDAQ: Tech Sector Remains Steady and Strong Analyses are suggesting that there are no signs of overheating in the IT sector, which is leading the rally of the U.S. stock market in New York. In anticipation of a decrease in the benchmark interest rate, the S&P 500 and Nasdaq Composite are breaking new records. In particular, the Nasdaq index took advantage of […] -
Sustainable and Strong: New EV Batteries Cut CO2 Emissions by 20%! On June 7, 2024, British battery technology company Integral Power announced that they had developed a new cathode material that increases the driving range of electric vehicle (EV) batteries, reduces charging time, and enhances durability. Integral Power claims that its self-developed LFP and LFMP (Lithium Iron Phosphate and Lithium Manganese Iron Phosphate) can increase energy storage […] -
BYD Stock Surges Despite New EU Tariffs AP Newsis NH Investment & Securities stated on the 14th that the stock price of BYD has surged despite Europe imposing additional tariffs on Chinese electric vehicles (EVs). The firm analyzed that the impact of these measures on earnings is projected to be limited, and attention should be paid to the company’s competitiveness. The European […] -
The Rise of Apple: How AI is Shaping the Future of the Tech Giant After five months, Apple has reclaimed its position as the world’s largest company by market capitalization. Amid a fierce battle for the top spot between Apple and Microsoft Corporation, Nvidia is hot on their heels. On the 13th, Apple’s market capitalization closed at approximately $3.29 trillion on the New York Stock Exchange. Apple has reclaimed […] -
Elon Musk's Vision Comes Alive: Optimus Robots to Hit the Market Next Year Tesla has announced through their X account that two Optimus humanoid robots operating autonomously in one of its factories. -
He Said, She Said: Elon Musk and SpaceX Hit with Harassment Lawsuit by Former Employees Former employees of SpaceX have filed a lawsuit against CEO Elon Musk in a California court, alleging gender discrimination and workplace harassment. According to Reuters and Bloomberg on the 12th, the four women and four men who filed the lawsuit claimed that they experienced gender discrimination and harassment within the company, which they attribute to […] -
US Electric Vehicle Buyers Score Big: $1 Billion Saved Thanks to New Tax Credits It was found that electric vehicle buyers in the US have saved more than $1 billion through the Inflation Reduction Act (IRA) this year. -
Fisker Faces Recall Crisis: 18,000+ Electric Vehicles Across North America and Europe Pulled for Safety Fixes Fisker recalled more than 18,000 vehicles across North America and Europe, citing software defects and non-compliance with safety standards. -
FedEx to Eliminate Up to 2,000 Jobs in Europe FedEx is reducing its workforce due to a lower cargo demand in Europe. On the 12th, FedEx announced plans to cut between 1,700 and 2,000 back-office jobs in Europe as part of its recent cost-cutting efforts due to a decline in cargo demand. According to the statement, the reduction will take place over 18 months. […] -
Boeing to Open High-Tech Engineering Facility in Daytona Beach, Hiring 200 Engineers Boeing announced on the 11th its plans to open a new engineering facility in Florida dedicated to the defense and government services sector. -
Interest Rates Hold Firm as Fed Evaluates Economic Growth The U.S. has once again frozen its benchmark interest rate. The U.S. Federal Reserve (Fed) announced on the 12th (local time) that it unanimously decided to maintain the benchmark interest rate at its current level following the regular meeting of the Federal Open Market Committee (FOMC). The Fed, which had aggressively raised interest rates until […] -
Fed Holds Steady on Rates, Oil Traders Bet on Future Cuts International oil prices rose for the third consecutive day on the 12th (local time) as U.S. inflation appeared to ease, supporting expectations for an interest rate deduction. On the same day, West Texas Intermediate (WTI) crude for July closed at $78.50 per barrel on the New York Mercantile Exchange (NYMEX), up $0.60 (0.77%) from the […] -
Brazilian Phone Users to Get First Dibs on Google's AI Anti-Theft Feature On the 11th, Google announced that Brazil will be the first country to test the anti-theft feature for Android phones. -
Denmark Recalls Korean Noodles Over Health Concerns Some of the Buldak Bokkeum Myeon (Hot Chicken Flavor Ramen) products manufactured by Samyang Foods were recalled in Denmark due to being too spicy. According to BBC and Time magazine on the 13th, the Danish Food and Drug Administration announced on the 11th that they would recall Samyang Foods Nuclear Buldak Bokkeum Myeon 3 times […] -
Apple's Fall Surprise: AirPods Set for Major User Experience Upgrade Apple said this software update will transform users' interactions with Siri and improve call and gaming audio quality.
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