BUSINESS
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Wall Street Bulls See No Ceiling for S&P 500 Wall Street institutional investors are increasingly optimistic about the stock market. Evercore ISI expects the Standard & Poor’s (S&P) 500 index to reach 6000 by the end of this year. They also forecast it will reach 7000 by the end of next year. Goldman Sachs also expects it to hit 5700 by the end of […] -
Lawsuit Against NVIDIA CEO Sent to the Supreme Court The U.S. Supreme Court has decided to hear a lawsuit appealed by NVIDIA this October. NVIDIA, a major beneficiary of the artificial intelligence (AI) boom, appealed a class-action lawsuit brought by shareholders. On the 17, CNBC reported that the U.S. Supreme Court has accepted NVIDIA’s appeal against a class-action lawsuit filed by shareholders against NVIDIA’s […] -
Why the Federal Reserve Won't Cut Rates Until the End of the Year After maintaining the highest benchmark interest rate (5.25-5.5%) in 23 years for seven consecutive times, the Federal Reserve System (Fed) suggests that people may have to wait until the end of 2024 for lower interest rates. President of the Federal Reserve Bank of Minneapolis Neel Kashkari mentioned the timing of the interest rate cut during […] -
Will AI Lead the Future or Become Humanity's Downfall? Generative artificial intelligence, such as ChatGPT, holds tremendous potential. However, it could exacerbate labor disruptions and inequality if not properly managed. Experts emphasize that governments worldwide must put forth more effort to protect workers. According to the Financial Times, the International Monetary Fund (IMF) issued a report on the 17th warning that AI could also […] -
Tesla's Future Brightens in China with New FSD Testing Approval Tesla’s stocks saw a rise of over 5% following news that the company received approval to test its Full Self-Driving (FSD) system in Shanghai, China. Tesla’s shares closed at $187.44, a 5.3% increase from the previous trading day on the 17th (local time) at the New York Stock Exchange. The surge is attributed to the […] -
China Opens Doors to Tesla's Full Self-Driving System Tesla received approval to test its self-driving assistance system, Full Self-Driving Capability (FSD), in Shanghai, China. -
Tesla Shifts Gears: Major Expansion in Robotics Set to Skyrocket Valuation Elon Musk made several significant announcements at the recent Tesla shareholders’ meeting. Musk shared that his stock option compensation package was reapproved, amounting to approximately $5.6 billion. Additionally, the proposal to relocate the headquarters to Texas was accepted, which is expected to strengthen Musk’s control over Tesla. The proposal received over 80% of the total […] -
Nvidia Lawsuit Reaches the Supreme Court The U.S. Supreme Court is hearing a lawsuit about Nvidia’s cryptocurrency mining profits. Nvidia plans to aggressively assert its stance against the lower court’s decision. According to industry insiders on the 18th, the U.S. Supreme Court accepted Nvidia’s appeal against the lower court’s verdict. The Supreme Court plans to review Nvidia’s arguments in its next […] -
Why LG's Agitator Washer Is Winning Hearts (and Sales) in America LG Electronics has received positive comments about its agitator washing machine from Consumer Reports. -
Why Samsung's OLED TV Is the Top Choice for Americans According to Consumer Reports Consumer Reports awarded Samsung's 65-inch OLED TV with a top score of 87. This year, Samsung's TV was launched in the U.S., ranking... -
Meta Indefinitely Postpones AI Chatbot Launch Due to EU Sanctions The launch of AI on the Meta platform has been postponed due to sanctions posed by the European Union (EU). Meta announced on the 15th that the launch of the Meta AI chatbot in Europe is delayed after the European regulatory authorities denied their plans to train large language models (LLM) with users’ posts. Meta […] -
Tesla Stock Falls After Autopilot Causes Another High-Profile Crash According to the Fullerton Police Department in California and the Los Angeles Times on the 14th, an accident involving a police cruiser and a Tesla on autopilot occurred at the intersection of Orangethorpe and Courtney avenues while a police officer was conducting a traffic stop. At the time, the police car had its emergency lights […] -
Tesla Renews Elon Musk's CEO Compensation Package At the Tesla shareholder meeting, a proposal to reward Tesla CEO Elon Musk with tens of billions of dollars was passed. Another proposal to move Tesla’s corporate headquarters from Delaware to Texas also passed. On June 13, Tesla announced at the annual shareholders meeting held at its headquarters in Austin, Texas, that a proposal to […] -
End of the Line? Terraform Labs Agrees to $4.7 Billion SEC Settlement Kwon Do Hyung and Terraform Labs have agreed to pay the U.S. Securities and Exchange Commission (SEC) a fine of $4.47 billion. This is in response to the so-called stablecoin TerraUSD virtual asset collapse in 2022, which resulted in a $40 billion loss. A stablecoin is a virtual asset linked to the U.S. dollar. According […] -
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 […]
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