Gaeseong Industrial Complex Foundation to be Dissolved Next WeekYonhap News The government plans to announce an enforcement decree next week to dissolve the Gaeseong Industrial District Foundation. Since its establishment in 2007, following the launch of the Kaesong Industrial Region in 2004, the foundation has been supporting the entry permit process, access control, labor, and facility management of companies in the complex. On the 11th, Koo Byung […]
Alaska Airlines Collaborates with DOJ in Probe of Boeing 737 MAX IncidentAlaska Airlines is cooperating with the U.S. Department of Justice (DOJ) to investigate the Boeing 737 Max explosion incident. Reuters reported on the 10th that Alaska Airlines has been cooperating with the DOJ since a criminal investigation into the Boeing 737 Max airplane explosion incident began. In a statement to Reuters, Alaska Airlines said, “It […]
U.S. to Restrict Sale of Strategic Petroleum Reserves to ChinaThe U.S. Congress is pushing for a measure to prohibit the sale of strategic petroleum reserves to China. According to industry sources, on the 10th, U.S. bipartisan leaders agreed on the 3rd to continue operating a significant portion of government functions until the end of the fiscal year 2023 (October 2023 to September 2024) to […]
Egypt's Inflation Rate Reaches 35.7% in FebruaryEgypt’s annual inflation surged in February. According to Capmas statistics on the 10th (local time), Egypt’s annual urban consumer price inflation surged from 29.8% in January to 35.7% in February, fueled by rising food and beverage prices. The central bank stated that core inflation, excluding fuel and some volatile foods, rose from 29% in January […]
Costco's Q2 Sales Slightly Below Expectations, But EPS Exceeds: Hold for NowWith Costco’s (COST) second-quarter earnings per share (EPS) exceeding market expectations, advice suggested that the stock should be held, even amidst valuation concerns. Costco’s sales for the second quarter of the fiscal year 2024 (November 27, 2023 – February 18, 2024, 12 weeks) increased by 5.7% from the previous year to $58.4 billion. The GAAP-based […]
Elon Musk's X Faces Music Copyright Infringement LawsuitsYonhap News Social media platform X (formerly Twitter), acquired by Elon Musk, is potentially facing a payout of over 300 billion won (approximately $227 million) for allegedly neglecting music copyright infringement. According to a report by CNN Business on the 6th, Judge Aleta Trauger of the U.S. District Court in Tennessee has allowed the trial […]
Target's Q4 Sales Reach $31.9 Billion, Exceeds Market Expectations for EPS by 24.1%Target has met market expectations for the fifth consecutive quarter. Target’s Q4 sales for 2023 (November 2023 – January 2024) increased by 1.7% compared to the previous year, reaching $31.9 billion, and operating profit increased by 60.9% to $1.9 billion. Non-GAAP EPS increased by 57.7% to $2.98, meeting the market expectations of sales and exceeding […]
Hyundai, BMW, Kia, and Stellantis Recall 6.9 Million Vehicles: What You Need to KnowDue to manufacturing defects, Hyundai, BMW, Kia, and Stellantis Korea are voluntarily recalling over 60,000 vehicles. The Ministry of Land, Infrastructure, and Transport announced on the 7th that 43 models of 69,044 vehicles manufactured, imported, or sold by these companies have been found to have manufacturing defects and will be recalled. Firstly, 22,803 units of […]
How Apple's M3 Chip Redefines MacBook AI FunctionalityThe new Apple MacBook Air is equipped with an M3 chip./Photo provided by Apple Apple recently unveiled a new MacBook Air with its self-developed SoC (System-on-Chip), the “M3.” The MacBook Air is one of Apple’s most popular PC products, but this new product was quietly launched without a separate introduction event. Despite the quiet launch, […]
Japan's Mitsubishi Corp. Ventures into North American Lithium Mines, Reducing China DependencyAccording to a report by Nikkei Newspaper on the 5th, Japan’s Mitsubishi Corporation is set to develop lithium mines in North America in a joint venture with a Canadian mining company. Mitsubishi Corporation will invest in a joint venture established by Frontier Lithium, a Canadian company that owns the mining rights to North American lithium […]
Apple and AMD News Sends Tech Stocks Tumbling, Nasdaq Falls Over 2%On March 5th (Eastern Standard Time), the three major indices of the New York Stock Exchange fell for the second consecutive day. According to Yonhap News, the Dow Jones Industrial Average ended at 38,585.19, down 404.64 points (1.04%) on the New York Stock Exchange (NYSE). The Standard & Poor’s (S&P) 500 index closed at 5078.65, […]
Turkey's Inflation Hits Record High: Soars Nearly 70%Turkey’s annual inflation seems to have turned to the highest in 15 months, and the central bank is still on alert even after halting the interest rate hike. According to the median estimate of Bloomberg economists on the 4th, Turkey’s inflation rate is expected to reach 66% in February, accelerating for the fourth consecutive month. […]
Gold Prices Hit All-Time High Amid US Rate Cut ExpectationsThe price of gold, domestically and internationally, has hit a record high due to the expectation of a cut in interest rates in the U.S. According to the Korea Exchange (KRX) on the 5th, the spot price per gram of 1 kg gold in the gold market the previous day closed at $66.84, up 2.20%. […]
NVIDIA Surpasses Saudi Aramco to Become Third-Largest Company by Market CapAmid the boom in artificial intelligence (AI), NVIDIA, a semiconductor manufacturer, has surpassed Saudi Aramco, the world’s largest oil company, to become the world’s third-largest company by market capitalization. The only companies ahead of NVIDIA are Apple and Microsoft. According to Bloomberg, NVIDIA’s market cap on the 4th (local time) surpassed $2 trillion for the […]
Huawei Overtakes Apple in China's Smartphone Market Amid Sales SurgeApple’s iPhone sales in China have plummeted, falling behind Huawei. According to Counterpoint, on the 5th, Apple faced intensified competition with Chinese companies such as Huawei in the first six weeks of 2024, resulting in a 24% decrease in iPhone sales in China compared to last year. On the other hand, Huawei, Apple’s main competitor […]
California Approves Google Waymo's Driverless Robotaxi Service in LA and MoreGoogle’s Waymo autonomous robotaxi service is expanding. California regulators approved the expansion of Waymo’s robotaxi convenience service to the cities south of Los Angeles and San Francisco on the 2nd. The California Public Utilities Commission (CPUC) announced, “Starting today, Waymo can operate driverless passenger services in specific areas of Los Angeles and San Francisco.” In […]
Snowflake Shocks Market with Next Quarter Guidance, AI Strategy in FocusDespite surpassing expectations with its quarterly results, Snowflake’s (SNOW) stock price plummeted in after-hours trading on the day of the earnings announcement due to its next quarter guidance falling short of the consensus. Snowflake’s revenue for the fourth quarter of fiscal year 2024 was $775 million, a 31.5% increase from the previous year, exceeding the […]
Moody's Cuts China's Credit Outlook: Potential Trouble for Korea's Economy?Moody's downgrade of China's credit rating outlook raises concerns for South Korea's major industries heavily reliant on Chinese exports.
Biden's Inflation Battle: Stop Price Gouging, Strengthen Supply ChainsPresident Biden warns companies to stop price gouging, emphasizing the need to lower prices amid supply chain improvements.
Italians Once Hated Starbucks, Now Can't Get Enough – Here's WhyStarbucks continues to expand in Italy, opening its fourth store near the Vatican in Rome, overcoming initial resistance to its presence.
Gaeseong Industrial Complex Foundation to be Dissolved Next Week Yonhap News The government plans to announce an enforcement decree next week to dissolve the Gaeseong Industrial District Foundation. Since its establishment in 2007, following the launch of the Kaesong Industrial Region in 2004, the foundation has been supporting the entry permit process, access control, labor, and facility management of companies in the complex. On the 11th, Koo Byung […]
Alaska Airlines Collaborates with DOJ in Probe of Boeing 737 MAX Incident Alaska Airlines is cooperating with the U.S. Department of Justice (DOJ) to investigate the Boeing 737 Max explosion incident. Reuters reported on the 10th that Alaska Airlines has been cooperating with the DOJ since a criminal investigation into the Boeing 737 Max airplane explosion incident began. In a statement to Reuters, Alaska Airlines said, “It […]
U.S. to Restrict Sale of Strategic Petroleum Reserves to China The U.S. Congress is pushing for a measure to prohibit the sale of strategic petroleum reserves to China. According to industry sources, on the 10th, U.S. bipartisan leaders agreed on the 3rd to continue operating a significant portion of government functions until the end of the fiscal year 2023 (October 2023 to September 2024) to […]
Egypt's Inflation Rate Reaches 35.7% in February Egypt’s annual inflation surged in February. According to Capmas statistics on the 10th (local time), Egypt’s annual urban consumer price inflation surged from 29.8% in January to 35.7% in February, fueled by rising food and beverage prices. The central bank stated that core inflation, excluding fuel and some volatile foods, rose from 29% in January […]
Costco's Q2 Sales Slightly Below Expectations, But EPS Exceeds: Hold for Now With Costco’s (COST) second-quarter earnings per share (EPS) exceeding market expectations, advice suggested that the stock should be held, even amidst valuation concerns. Costco’s sales for the second quarter of the fiscal year 2024 (November 27, 2023 – February 18, 2024, 12 weeks) increased by 5.7% from the previous year to $58.4 billion. The GAAP-based […]
Elon Musk's X Faces Music Copyright Infringement Lawsuits Yonhap News Social media platform X (formerly Twitter), acquired by Elon Musk, is potentially facing a payout of over 300 billion won (approximately $227 million) for allegedly neglecting music copyright infringement. According to a report by CNN Business on the 6th, Judge Aleta Trauger of the U.S. District Court in Tennessee has allowed the trial […]
Target's Q4 Sales Reach $31.9 Billion, Exceeds Market Expectations for EPS by 24.1% Target has met market expectations for the fifth consecutive quarter. Target’s Q4 sales for 2023 (November 2023 – January 2024) increased by 1.7% compared to the previous year, reaching $31.9 billion, and operating profit increased by 60.9% to $1.9 billion. Non-GAAP EPS increased by 57.7% to $2.98, meeting the market expectations of sales and exceeding […]
Hyundai, BMW, Kia, and Stellantis Recall 6.9 Million Vehicles: What You Need to Know Due to manufacturing defects, Hyundai, BMW, Kia, and Stellantis Korea are voluntarily recalling over 60,000 vehicles. The Ministry of Land, Infrastructure, and Transport announced on the 7th that 43 models of 69,044 vehicles manufactured, imported, or sold by these companies have been found to have manufacturing defects and will be recalled. Firstly, 22,803 units of […]
How Apple's M3 Chip Redefines MacBook AI Functionality The new Apple MacBook Air is equipped with an M3 chip./Photo provided by Apple Apple recently unveiled a new MacBook Air with its self-developed SoC (System-on-Chip), the “M3.” The MacBook Air is one of Apple’s most popular PC products, but this new product was quietly launched without a separate introduction event. Despite the quiet launch, […]
Japan's Mitsubishi Corp. Ventures into North American Lithium Mines, Reducing China Dependency According to a report by Nikkei Newspaper on the 5th, Japan’s Mitsubishi Corporation is set to develop lithium mines in North America in a joint venture with a Canadian mining company. Mitsubishi Corporation will invest in a joint venture established by Frontier Lithium, a Canadian company that owns the mining rights to North American lithium […]
Apple and AMD News Sends Tech Stocks Tumbling, Nasdaq Falls Over 2% On March 5th (Eastern Standard Time), the three major indices of the New York Stock Exchange fell for the second consecutive day. According to Yonhap News, the Dow Jones Industrial Average ended at 38,585.19, down 404.64 points (1.04%) on the New York Stock Exchange (NYSE). The Standard & Poor’s (S&P) 500 index closed at 5078.65, […]
Turkey's Inflation Hits Record High: Soars Nearly 70% Turkey’s annual inflation seems to have turned to the highest in 15 months, and the central bank is still on alert even after halting the interest rate hike. According to the median estimate of Bloomberg economists on the 4th, Turkey’s inflation rate is expected to reach 66% in February, accelerating for the fourth consecutive month. […]
Gold Prices Hit All-Time High Amid US Rate Cut Expectations The price of gold, domestically and internationally, has hit a record high due to the expectation of a cut in interest rates in the U.S. According to the Korea Exchange (KRX) on the 5th, the spot price per gram of 1 kg gold in the gold market the previous day closed at $66.84, up 2.20%. […]
NVIDIA Surpasses Saudi Aramco to Become Third-Largest Company by Market Cap Amid the boom in artificial intelligence (AI), NVIDIA, a semiconductor manufacturer, has surpassed Saudi Aramco, the world’s largest oil company, to become the world’s third-largest company by market capitalization. The only companies ahead of NVIDIA are Apple and Microsoft. According to Bloomberg, NVIDIA’s market cap on the 4th (local time) surpassed $2 trillion for the […]
Huawei Overtakes Apple in China's Smartphone Market Amid Sales Surge Apple’s iPhone sales in China have plummeted, falling behind Huawei. According to Counterpoint, on the 5th, Apple faced intensified competition with Chinese companies such as Huawei in the first six weeks of 2024, resulting in a 24% decrease in iPhone sales in China compared to last year. On the other hand, Huawei, Apple’s main competitor […]
California Approves Google Waymo's Driverless Robotaxi Service in LA and More Google’s Waymo autonomous robotaxi service is expanding. California regulators approved the expansion of Waymo’s robotaxi convenience service to the cities south of Los Angeles and San Francisco on the 2nd. The California Public Utilities Commission (CPUC) announced, “Starting today, Waymo can operate driverless passenger services in specific areas of Los Angeles and San Francisco.” In […]
Snowflake Shocks Market with Next Quarter Guidance, AI Strategy in Focus Despite surpassing expectations with its quarterly results, Snowflake’s (SNOW) stock price plummeted in after-hours trading on the day of the earnings announcement due to its next quarter guidance falling short of the consensus. Snowflake’s revenue for the fourth quarter of fiscal year 2024 was $775 million, a 31.5% increase from the previous year, exceeding the […]
Moody's Cuts China's Credit Outlook: Potential Trouble for Korea's Economy? Moody's downgrade of China's credit rating outlook raises concerns for South Korea's major industries heavily reliant on Chinese exports.
Biden's Inflation Battle: Stop Price Gouging, Strengthen Supply Chains President Biden warns companies to stop price gouging, emphasizing the need to lower prices amid supply chain improvements.
Italians Once Hated Starbucks, Now Can't Get Enough – Here's Why Starbucks continues to expand in Italy, opening its fourth store near the Vatican in Rome, overcoming initial resistance to its presence.
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