Tesla Cracks Down on Cybertruck Resellers: Warning of Cancellations and Permanent Bans Despite Tesla’s prohibition on reselling, it appears that Cybertrucks continue to be resold. Tesla has blocked Cybertruck purchasers on used car sales platforms. Yet, the listings for Cybertrucks have not disappeared, and their resale prices seem to be decreasing. Due to its popularity, the Cybertruck has a long waiting list, leading to significantly higher prices […]
What do Nike, Tesla, Apple, and Intel Have in Common? Apple, Tesla, Nike, and Intel experienced over a 10% decline in stock prices since the beginning of the yearInvestors, sensing the difficulties faced in China, have begun selling off“It won’t be long before the Chinese economy recovers, and stock prices begin to rebound” American companies with high dependency on the Chinese market see their stock […]
EU Pressures Big U.S. Tech Companies: Apple, Google, Meta Under Scrutiny The European Union (EU) has launched an investigation into big tech corporations just 18 days after initiating the Digital Markets Act (DMA). The companies under scrutiny are Apple, Google (Alphabet), and Meta, with the EU examining whether these corporations have violated the DMA regarding allowing external payments, search exposure, and personal data collection. The companies […]
Boeing CEO Dave Calhoun to Step Down Amid Safety Crisis and Management Shakeup Boeing’s CEO, Dave Calhoun, is resigning and taking responsibility for several incidents. On the 25th, Boeing announced that, as part of a broad management overhaul due to the safety crisis caused by the in-flight panel crash of the 737 Max model last January, CEO Dave Calhoun will take responsibility and plans to resign by the […]
Nike Beats Expectations in Q3, Plans Strategic Shift Towards New Product Launches Nike (NKE), the world’s largest sportswear and sneaker retailer, exceeded market expectations with its quarterly performance. Nike’s Q3 fiscal year 2024 (December-February) revenues were $12.43 billion (up 0.3% from the previous year), total sales profit was $5.56 billion (a 3.6% increase), and net income attributable to the controlling shareholder was $1.17 billion (a 5.5% decrease). […]
FedEx Exceeds Quarterly Earnings Expectations Despite Revenue Drop FedEx (FDX), a global transportation company, exceeded quarterly earnings expectations. Despite a decrease in revenue, profits increased due to cost-cutting measures. FedEx’s third quarter (December to February) revenue was $21.74 billion, a decrease of 1.9% from the previous year, and operating profit was $1.24 billion, an increase of 19.3%. EPS (earnings per share) recorded $3.51, […]
Massive Starbucks Mug Recall Hits US: 440,000 Units Affected Due to Safety Concerns US authorities recommend immediate discontinuatin of mug useStarbucks in the US conduct a massive recall- a whopping 440,000 mugs Yonhap News recently disseminated information sourced from an AP press release. As per the report, a substantial quantity of Starbucks mugs has been subjected to recall in the United States. The U.S. Consumer Product Safety Commission […]
TPG Plans to Raise $5 Billion Asia Fund with 10% Allocated to Korean Market Texas Pacific Group (TPG), a global private equity managing firm, is set to establish a massive Asia buyout fund worth approximately $5 billion. They plan to invest around 10% of this fund into the South Korean market. According to Bloomberg and other sources, on the 26th, TPG is planning to close its eighth Asia buyout […]
Hyundai Motor Group Ranks Second in U.S. EV Market Share after Tesla Ioniq 5 / Hyundai Hyundai Motor Group has risen to second place in the electric vehicle market in the United States, following Tesla. With a market share nearing double digits, expectations for this year’s sales volume are rising. According to industry sources on the 25th, the ranking of electric vehicle sales in the United States […]
Apple CEO Tim Cook Commits to Increased Investment in China Tim Cook, the CEO of Apple, who is currently visiting China, met with Chinese Commerce Minister of Commerce Wang Wentao and promised more investment in China. According to the Chinese Ministry of Commerce’s website and state-run English newspaper China Daily on the 23rd, the two met in Beijing on the 22nd. China Daily released a […]
Hyundai and Kia Ranked Lowest Maintenance Service Satisfaction in the U.S. A recent survey by prominent American consumer media outlet Consumer Reports reveals that Hyundai Motor and Kia’s US maintenance service satisfaction ranks low among local drivers. While some believe this is a temporary phenomenon due to increased sales, there are calls for rapid enhancement of maintenance service capabilities. According to industry sources on the 26th, […]
JP Morgan: Bitcoin Outshines Gold as Top Investment Choice JP Morgan has rated Bitcoin’s investment value higher than gold’s. The Bitcoin spot ETF market is projected to grow to $220 billion in 2-3 years. On the 25th, JP Morgan stated in an investment report, “Bitcoin is taking up a larger share in investors’ portfolios than gold. When adjusting for volatility factors, the preference for […]
Top Choice: Lotte Hotel Moscow Voted Best in the Area Lotte Hotel Moscow has been selected as the best hotel in the region. Its exceptional facilities and stylish interior have received high praise. According to Zoon, a Russian review specialist media, on the 24th, Lotte Hotel Moscow was chosen as the “Best Local Hotel.” Zoon selected superior hotels based on evaluations of the hotel’s rooms, […]
China's Electric Vehicle Boom Fuels Investment Interest in Battery Sector Despite global economic uncertainties, the rapid expansion of the electric vehicle market, government incentives, environmental regulations, and increased consumer preference for clean transportation continue to make the Chinese battery sector attractive to investors, argued Shijia Yan, an energy storage analyst at BloombergNEF. He emphasized that China’s battery industry, powered by the country’s robust demand for […]
Saudi Arabia's Ambitious Shift Towards Automated Manufacturing Saudi Arabia is aiming to reduce its dependence on the oil industry and leap towards becoming a powerhouse in automated manufacturing. According to industry sources on the 24th, Saudi Arabia is striving to restructure its industries around future advanced technologies, reducing its reliance on oil, which accounts for 40% of its Gross Domestic Product (GDP) […]
Singapore Embraces Nuclear Energy for Sustainability Singapore is planning to construct a nuclear power plant. According to the Korea Institute for International Economic Policy on the 24th, Singapore is considering introducing nuclear energy to reduce carbon emissions in the power sector and secure energy security. Singapore’s Energy Market Authority (EMA) is visiting countries such as the United States, United Kingdom, and […]
Musk's Effect? X Users Drop 23% Since Acquisition The number of social media app users, X (formerly Twitter), for Elon Musk, CEO of Tesla, continues to decrease, NBC reported on the 23rd. According to the mobile app market analysis company Sensor Tower, the average daily active user count of mobile apps in the U.S. last month was around 27 million, showing an approximate […]
DOJ vs. Apple: Antitrust Lawsuit Lacks Bite, Bloomberg Analysis Suggests Criticism has emerged, labeling the antitrust lawsuit filed against Apple by the U.S. Department of Justice as “outdated.” While it’s true that Apple restricts competitors with its closed ecosystem, proving that its monopoly has harmed consumers is challenging. On the 24th, a Bloomberg correspondent specializing in Apple, Mark Gurman, claimed in a newsletter, “The Department […]
US Treasury Secretary Yellen to Visit China as Semiconductor Battle Escalates Amid the recent semiconductor war of nerves between China and the United States, US Treasury Secretary Janet Yellen is set to visit China next month, as reported by Politico on the 24th (local time). Yellen, who had previously sent a conciliatory message in a speech last December, stating that she would manage relations with China without rupture, […]
How Did Nvidia Become an AI Chip Powerhouse? Nvidia, a U.S. semiconductor company, is a primary beneficiary of the AI boom. Since early last year, its stock price has surged by about 450%, and its market capitalization has exceeded $2 trillion. Nvidia has now established itself as the third highest-valued company in the U.S., following Microsoft and Apple. Nvidia’s growth is steep. Its […]
Tesla Cracks Down on Cybertruck Resellers: Warning of Cancellations and Permanent Bans Despite Tesla’s prohibition on reselling, it appears that Cybertrucks continue to be resold. Tesla has blocked Cybertruck purchasers on used car sales platforms. Yet, the listings for Cybertrucks have not disappeared, and their resale prices seem to be decreasing. Due to its popularity, the Cybertruck has a long waiting list, leading to significantly higher prices […]
What do Nike, Tesla, Apple, and Intel Have in Common? Apple, Tesla, Nike, and Intel experienced over a 10% decline in stock prices since the beginning of the yearInvestors, sensing the difficulties faced in China, have begun selling off“It won’t be long before the Chinese economy recovers, and stock prices begin to rebound” American companies with high dependency on the Chinese market see their stock […]
EU Pressures Big U.S. Tech Companies: Apple, Google, Meta Under Scrutiny The European Union (EU) has launched an investigation into big tech corporations just 18 days after initiating the Digital Markets Act (DMA). The companies under scrutiny are Apple, Google (Alphabet), and Meta, with the EU examining whether these corporations have violated the DMA regarding allowing external payments, search exposure, and personal data collection. The companies […]
Boeing CEO Dave Calhoun to Step Down Amid Safety Crisis and Management Shakeup Boeing’s CEO, Dave Calhoun, is resigning and taking responsibility for several incidents. On the 25th, Boeing announced that, as part of a broad management overhaul due to the safety crisis caused by the in-flight panel crash of the 737 Max model last January, CEO Dave Calhoun will take responsibility and plans to resign by the […]
Nike Beats Expectations in Q3, Plans Strategic Shift Towards New Product Launches Nike (NKE), the world’s largest sportswear and sneaker retailer, exceeded market expectations with its quarterly performance. Nike’s Q3 fiscal year 2024 (December-February) revenues were $12.43 billion (up 0.3% from the previous year), total sales profit was $5.56 billion (a 3.6% increase), and net income attributable to the controlling shareholder was $1.17 billion (a 5.5% decrease). […]
FedEx Exceeds Quarterly Earnings Expectations Despite Revenue Drop FedEx (FDX), a global transportation company, exceeded quarterly earnings expectations. Despite a decrease in revenue, profits increased due to cost-cutting measures. FedEx’s third quarter (December to February) revenue was $21.74 billion, a decrease of 1.9% from the previous year, and operating profit was $1.24 billion, an increase of 19.3%. EPS (earnings per share) recorded $3.51, […]
Massive Starbucks Mug Recall Hits US: 440,000 Units Affected Due to Safety Concerns US authorities recommend immediate discontinuatin of mug useStarbucks in the US conduct a massive recall- a whopping 440,000 mugs Yonhap News recently disseminated information sourced from an AP press release. As per the report, a substantial quantity of Starbucks mugs has been subjected to recall in the United States. The U.S. Consumer Product Safety Commission […]
TPG Plans to Raise $5 Billion Asia Fund with 10% Allocated to Korean Market Texas Pacific Group (TPG), a global private equity managing firm, is set to establish a massive Asia buyout fund worth approximately $5 billion. They plan to invest around 10% of this fund into the South Korean market. According to Bloomberg and other sources, on the 26th, TPG is planning to close its eighth Asia buyout […]
Hyundai Motor Group Ranks Second in U.S. EV Market Share after Tesla Ioniq 5 / Hyundai Hyundai Motor Group has risen to second place in the electric vehicle market in the United States, following Tesla. With a market share nearing double digits, expectations for this year’s sales volume are rising. According to industry sources on the 25th, the ranking of electric vehicle sales in the United States […]
Apple CEO Tim Cook Commits to Increased Investment in China Tim Cook, the CEO of Apple, who is currently visiting China, met with Chinese Commerce Minister of Commerce Wang Wentao and promised more investment in China. According to the Chinese Ministry of Commerce’s website and state-run English newspaper China Daily on the 23rd, the two met in Beijing on the 22nd. China Daily released a […]
Hyundai and Kia Ranked Lowest Maintenance Service Satisfaction in the U.S. A recent survey by prominent American consumer media outlet Consumer Reports reveals that Hyundai Motor and Kia’s US maintenance service satisfaction ranks low among local drivers. While some believe this is a temporary phenomenon due to increased sales, there are calls for rapid enhancement of maintenance service capabilities. According to industry sources on the 26th, […]
JP Morgan: Bitcoin Outshines Gold as Top Investment Choice JP Morgan has rated Bitcoin’s investment value higher than gold’s. The Bitcoin spot ETF market is projected to grow to $220 billion in 2-3 years. On the 25th, JP Morgan stated in an investment report, “Bitcoin is taking up a larger share in investors’ portfolios than gold. When adjusting for volatility factors, the preference for […]
Top Choice: Lotte Hotel Moscow Voted Best in the Area Lotte Hotel Moscow has been selected as the best hotel in the region. Its exceptional facilities and stylish interior have received high praise. According to Zoon, a Russian review specialist media, on the 24th, Lotte Hotel Moscow was chosen as the “Best Local Hotel.” Zoon selected superior hotels based on evaluations of the hotel’s rooms, […]
China's Electric Vehicle Boom Fuels Investment Interest in Battery Sector Despite global economic uncertainties, the rapid expansion of the electric vehicle market, government incentives, environmental regulations, and increased consumer preference for clean transportation continue to make the Chinese battery sector attractive to investors, argued Shijia Yan, an energy storage analyst at BloombergNEF. He emphasized that China’s battery industry, powered by the country’s robust demand for […]
Saudi Arabia's Ambitious Shift Towards Automated Manufacturing Saudi Arabia is aiming to reduce its dependence on the oil industry and leap towards becoming a powerhouse in automated manufacturing. According to industry sources on the 24th, Saudi Arabia is striving to restructure its industries around future advanced technologies, reducing its reliance on oil, which accounts for 40% of its Gross Domestic Product (GDP) […]
Singapore Embraces Nuclear Energy for Sustainability Singapore is planning to construct a nuclear power plant. According to the Korea Institute for International Economic Policy on the 24th, Singapore is considering introducing nuclear energy to reduce carbon emissions in the power sector and secure energy security. Singapore’s Energy Market Authority (EMA) is visiting countries such as the United States, United Kingdom, and […]
Musk's Effect? X Users Drop 23% Since Acquisition The number of social media app users, X (formerly Twitter), for Elon Musk, CEO of Tesla, continues to decrease, NBC reported on the 23rd. According to the mobile app market analysis company Sensor Tower, the average daily active user count of mobile apps in the U.S. last month was around 27 million, showing an approximate […]
DOJ vs. Apple: Antitrust Lawsuit Lacks Bite, Bloomberg Analysis Suggests Criticism has emerged, labeling the antitrust lawsuit filed against Apple by the U.S. Department of Justice as “outdated.” While it’s true that Apple restricts competitors with its closed ecosystem, proving that its monopoly has harmed consumers is challenging. On the 24th, a Bloomberg correspondent specializing in Apple, Mark Gurman, claimed in a newsletter, “The Department […]
US Treasury Secretary Yellen to Visit China as Semiconductor Battle Escalates Amid the recent semiconductor war of nerves between China and the United States, US Treasury Secretary Janet Yellen is set to visit China next month, as reported by Politico on the 24th (local time). Yellen, who had previously sent a conciliatory message in a speech last December, stating that she would manage relations with China without rupture, […]
How Did Nvidia Become an AI Chip Powerhouse? Nvidia, a U.S. semiconductor company, is a primary beneficiary of the AI boom. Since early last year, its stock price has surged by about 450%, and its market capitalization has exceeded $2 trillion. Nvidia has now established itself as the third highest-valued company in the U.S., following Microsoft and Apple. Nvidia’s growth is steep. Its […]
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