BUSINESS Archives - Page 46 of 60

Samsung Workers Stand Up: First Collective Action Takes Place 2024.04.18 The National Samsung Electronics Labor Union (NSEL) held its first collective action on the afternoon of the 17th in front of the Samsung Electronics DSR Tower in Hwaseong, Gyeonggi Province. The organizers estimated that approximately 2,000 workers attended the event. The NSEL put on a nerve-wracking show with the company over the venue for its […]

Michael Saylor Drops Mysterious Bitcoin Message: What's the Hidden Meaning? 2024.04.17 [TheGuru=Hong Sung-Il] Michael Saylor, the chairman of MicroStrategy, who has consistently maintained a positive stance on bitcoin, has caught my eye with a meaningful message about bitcoin. "You can't say you don't see what you don't see," he wrote on X (formerly Twitter) on Friday (local time). The chairman is a prominent Bitcoin advocate and has been a consistent investor. Michael Saylor has been a prominent proponent of bitcoin and has continued to invest in the currency. In response, MicroStrategy raised $500 million (about $69.5 billion) in a convertible bond offering on March 13 (local time) to further invest in Bitcoin. As one of the most prominent Bitcoin bulls, Michael Saylor's message has been interpreted in a variety of ways by the Bitcoin community. Michael Saylor has a history of making statements and then not responding to questions about them. His comments have also focused attention on the Bitcoin halving, which is expected to happen this week. Michael Sailer has previously claimed that the halving will increase the price of Bitcoin. Halving is an event that occurs every four years or so where Bitcoin mining rewards are halved, halving the amount of Bitcoin available to the market. Michael Saylor theorizes that this will create buying pressure on spot Bitcoin ETFs, which will drive the price up. Meanwhile, BitcoinSense, which is counting the halving of Bitcoin, predicts that there are about 2 days and 10 hours of average mining time left until the 2024 halving...

SK Group Chairman Delivers on Investment Promise to President Biden 2024.04.17 Chairman Chey Tae Won of SK Group emphasized that he kept his investment promise with U.S. President Joe Biden by establishing SK Hynix’s advanced packaging facilities. On the 17th, Chey posted on his LinkedIn, “SK Hynix announced on the 3rd that it will build an advanced packaging (post-processing) facility for HBM (High Bandwidth Memory) DRAM, […]

Roblox Launches Automatic Translation Tool for Global Reach 2024.04.16 Roblox announced on the 16th that it has launched new features such as an “automatic translation tool” and the ability to launch 3D avatar items in the marketplace to enhance the convenience of Korean game developers. Developers can create and publish games in Korean and automatically translate related content into 15 languages supported by Roblox […]

Samsung's New S24 Series Made from Recycled Plastic Equivalent to 1 Million Plastic Bottles 2024.04.16 Samsung Electronics is committed to more than product development—it continues to develop technologies for people and the planet and innovate for a sustainable journey. Samsung announced on the 16th through its Newsroom that approximately 100 tons of recycled plastic will be used to produce the flagship smartphone Galaxy S24 series this year. This is equivalent […]

Alfa Romeo Bows to Pressure: Changes New SUV's Name to Junior 2024.04.16 On the 15th (local time), Alfa Romeo, an Italian national car group, recently changed the name of its new car from Milano to Junior. The new vehicle, which was introduced just a week ago, was named Junior due to the protest of the Italian Minister of Economy. This change occurred due to a lawsuit filed […]

Tesla's Shocking Move: 10% of Employees Fired 2024.04.16 Electrek, a technical publication, reported on the 15th (local time) that Tesla is laying off more than 10% of its employees, citing an internal memo. According to insiders, Tesla has instructed managers to identify key team members while suspending some stock compensation and canceling some employees’ annual evaluations. It has also reduced production at the […]

Tech War Intensifies: China to Abandon Foreign CPU Use 2024.04.15 The Chinese government reportedly instructed domestic telecommunications companies to cease using foreign chips in their network equipment by 2027. The Wall Street Journal (WSJ) reported this on December 12th (local time), citing a knowledgeable source. According to the report, China’s Ministry of Industry and Information Technology ordered the country’s three major state-owned mobile service providers, […]

Elon Musk's xAI Seeks $4 Billion to Rival OpenAI, Values Company at $18 Billion 2024.04.15 Distributes investment documents, competing with OpenAIValues xAI at $18 billion According to a Bloomberg report on the 12th (local time), Tesla CEO Elon Musk is seeking to raise $4 billion for his AI startup, xAI, to compete with OpenAI, the developer of ChatGPT. According to the report, citing documents Musk sent to investors, xAI plans […]

EV Sales Suge Globally, US Market Sees Significant Growth 2024.04.15 Bloomberg NEF reported that in the fourth quarter of 2023, 4.4 million electric vehicles (BEV+PHEV) were sold globally, marking a 40% increase from the previous year and totaling 13.7 million units. This constitutes 18% of the total number of passenger cars sold worldwide. In the US, approximately 1.3 million battery electric vehicles were sold last […]

Morgan Stanley, Upward Adjustment to Xiaomi EV's Target Price 2024.04.15 Morgan Stanley, a U.S. investment bank, has announced an upward adjustment to the target price of Xiaomi, citing optimistic electric vehicle sales. While they believe in Xiaomi’s potential power, they further commented that Xiaomi needs to offer more to attract investors. Xiaomi officially launched the SU7 model on March 28, and in just one day, […]

Tesla to Reveal its Robotaxi on August 8th 2024.04.15 New Declaration Leading Rebound on Tesla’s Stock Tesla CEO Elon Musk has announced on social media platform X that Tesla’s robotaxi will be unveiled on August 8th. This announcement carries the potential for a new revenue stream for Tesla, targeting an advanced level of autonomous driving beyond the existing ‘Autopilot’ and ‘Full Self Driving (FSD)’ […]

Bitcoin ETFs: New Gold Rush for Financial Institutions 2024.04.15 Major institutional investors disclose 13F filings, including Park Avenue SecuritiesPositive outlook amid Bitcoin halving Global financial companies were confirmed to have made large purchases of Bitcoin spot ETFs in the first quarter of this year. Analysis suggests growing confidence in Bitcoin’s investment value. According to the 13F (Form 13) submitted to the U.S. Securities and […]

Tesla Lowers FSD Subscription Price in North America 2024.04.15 Tesla has halved the subscription fee for its Full Self-Driving (FSD) system in North America. Tesla announced on the 13th (local time) that it has reduced the subscription price for its fully autonomous driving system in the United States and Canada. This move is interpreted as stimulating sales amidst weak demand and price competition. According […]

Tesla's Cybertruck Production Trim: A Prelude to Massive Job Cuts? 2024.04.15 Due to poor performance, rumors of large-scale layoffs are circulating among workers.First quarter results will be announced after the market closes on the 23rd. Tesla has decided to shorten the production line of its electric pickup truck, the Cybertruck, and there appear to be rumors circulating among workers that there will be large-scale layoffs. It […]

Russia Urges Caution as Iran-Israel Conflict Escalates 2024.04.15 Russia is worried about the ongoing tension in the Middle East. On the 13th (local time), Russia expressed extreme concern about Israel’s airstrikes on Iran and urged all parties involved to exercise restraint. In its statement on Iran’s attack on Israel, the Ministry of Foreign Affairs of the Russian Federation said, “We express extreme concern […]

Future of Car Customization: Tesla Cybertruck Leads the Way 2024.04.15 Predictions have emerged that Tesla’s large electric truck model, the Cybertruck, will contribute to revitalizing the car tuning market. Its simple design can be modified in various ways, leading to the expectation that the roads will soon be filled with uniquely customized Cybertrucks. According to industry sources on the 13th, the equipment utilized for Tesla […]

Delta Air Lines Surpasses Expectations, Eyes Record Revenue in Q2 2024.04.15 Delta Air Lines surpassed market expectations with its Q1 results and is anticipated to record its all-time high revenue in Q2. Delta Air Lines’ revenue for Q1 this year was $13.7 billion, marking a 7.8% year-over-year increase, and its operating profit successfully turned to a surplus of $610 million. Non-GAAP earnings per share outperformed market […]

Apple Store Workers Unionize in New Jersey, Following in the Footsteps of Oklahoma and Maryland 2024.04.13 ORIGINAL LINK: https://alphabiz.co.kr/news/view/1065585880777685 A union is forming at Apple’s New Jersey store. According to a member of the organizing committee on the 10th (local time), employees at the Apple store in Short Hills, New Jersey, have submitted a union representative application. The store manager of the Short Hills location, who is also a member of […]

Ark Invest CEO Cathie Wood Bets Big on OpenAI 2024.04.12 Cathie Wood, CEO of Ark Invest, also known as “Money Tree Sister” in South Korea, revealed that she owns shares in OpenAI, the developer of ChatGPT. According to Bloomberg on the 11th (local time), Wood wrote in a letter to investors the previous day, “As of the 10th, the Ark Venture Fund is invested in […]

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