Ford: We’ll Launch A $30,000 Electric Vehicle in 2027Ford CEO Jim Farley is attracting attention by revealing that he plans to launch a low-cost electric vehicle (EV) priced at $30,000 in 2027.
NVIDIA Execs Cash Out, Stock Drops 6% in One DayAmid a 6% plunge in a single day, NVIDIA CEO and other executives' stock sales have been pointed out as fueling investor anxiety.
NVIDIA's Boom: How Stock Options Turned Employees into Millionaires!Benzinga estimated that employees who joined Nvidia five years ago have become millionaires, thanks to the company's stock price soaring.
Lawsuit Against NVIDIA CEO Sent to the Supreme CourtThe 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 […]
Tesla Renews Elon Musk's CEO Compensation PackageAt 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 […]
Elon Musk's Neuralink Seeks Second Participant for Groundbreaking Brain Implant TrialNeuralink is Elon Musk's brain science startup. Musk is recruiting a second participant to receive a computer chip implant in their brain.
NewJeans’ Parents Hire Top Lawyer Amidst Company ClashAmid the ongoing legal dispute between ADOR CEO Min Hee Jin and HYBE, NewJeans' parents appointed a ...
Boeing's Problems Impact Lufthansa's Business: CEO Speaks Out[Alphabiz=(Madrid) Special Correspondent Shin Jung-hoon] Recently, Germany's Lufthansa publicly ...
Pay Gap between CEO and Employees Widens at ChevronThe wage gap between Chevron’s CEO and its employees has widened. According to a securities report released on the 10th (local time), Chevron’s CEO, Michael Wirth, was paid $26.5 million in 2023. This represents a 12.2% increase from the previous year, exceeding the average pay increase of the employees. Additionally, the second-highest-paid executive, Mark Nelson, […]
Spotify to Appoint a New Chief Financial Officer from SaabSwedish music streaming company Spotify is appointing a new veteran Chief Financial Officer (CFO) to improve profitability. Spotify announced on the 4th (local time) that it had appointed Christian Luiga, the former CFO of Saab, as Paul Vogel’s successor. Vogel left in March after about eight years of service. For about four years, Luiga served […]
Colin Huang Becomes China's Second Richest Thanks to 'Temu Effect'Colin Huang, the founder of the Chinese e-commerce company Pinduoduo, has surpassed Tencent chairman Ma Huateng to become the second wealthiest person in China. This is mainly due to the rapid rise of Pinduoduo’s ultra-low-cost online shopping mall, Temu, in global markets, including the United States, which has driven up Pinduoduo’s stock price. According to […]
Boeing CEO Dave Calhoun to Step Down Amid Safety Crisis and Management ShakeupBoeing’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 […]
Xi Jinping to Meet with U.S. CEOs at China Development Forum Amid TensionsWSJ, President Xi is expected to meet U.S. business leaders who will visit “China Development Forum (CDF)”This is seen as President Xi’s direct expression of China’s intention to open up to the outside world, even amid U.S.-China tensions Chinese President Xi Jinping. Xinhua Yonhap News Chinese President Xi Jinping is expected to meet with U.S. […]
Apple's CEO Tim Cook Hits the Ground in China: Here's WhyTim Cook of Apple has finally made a personal visit due to a slowdown in sales in China. Apple CEO Tim Cook met with suppliers, including Biel Crystal, on the 20th as sales in China decreased, emphasizing China’s importance in the supply chain. Cook revealed on his SNS post that he enjoyed a local breakfast […]
Microsoft Recruits DeepMind Co-Founder to Head AI DivisionMicrosoft (MS) announced on the 19th (local time) that it has recruited Mustafa Suleyman, co-founder of the artificial intelligence (AI) company DeepMind and also the founder and CEO of another AI startup, Inflation AI, to head its AI business. According to MS’s disclosure, CEO Satya Nadella informed the employees on the same day that “Suleyman […]
World's Richest Person: Arnault Takes Lead, Bezos Falls to Second PlaceA power struggle for the title of “world’s richest person” is ongoing between Elon Musk, CEO of Tesla, Jeff Bezos, the founder of Amazon, and Bernard Arnault, Chairman of the French luxury group Louis Vuitton Moet Hennessy (LVMH). According to the Bloomberg Billionaires Index on the 10th, as of the 7th, Chairman Arnault has reclaimed […]
Trump and Musk: Secret Meeting Sparks Speculation for 2024 ElectionFormer President Donald Trump, a strong candidate for the Republican presidential nomination, reportedly met with Tesla CEO Elon Musk, stirring speculation about securing “ammunition” for his election campaign. The New York Times (NYT) quoted an anonymous source on the 5th (local time), revealing that former President Trump met Musk in Palm Beach, Florida, on the […]
Elon Musk's Tesla Faces Setbacks: Stock Plummets Amid Factory SabotageTesla’s stock price has taken a severe hit, with its market capitalization evaporating by over $76 billion in just two days. This is mainly due to a series of setbacks in China and Germany, coupled with a global slowdown in the growth of the electric vehicle market. On May 5 (local time), Tesla’s stock closed […]
Disney Announces Cancellation of Several Projects Amid Studio ReorganizationWalt Disney Company, Bob Iger The Walt Disney Company announced that many planned projects had been canceled during the studio restructuring process. Walt Disney Company (from now on referred to as Disney) CEO Bob Iger stated on the 5th (local time) at an investor conference Q&A session in San Francisco, USA, “We have already discarded […]
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 […]
Ford: We’ll Launch A $30,000 Electric Vehicle in 2027 Ford CEO Jim Farley is attracting attention by revealing that he plans to launch a low-cost electric vehicle (EV) priced at $30,000 in 2027.
NVIDIA Execs Cash Out, Stock Drops 6% in One Day Amid a 6% plunge in a single day, NVIDIA CEO and other executives' stock sales have been pointed out as fueling investor anxiety.
NVIDIA's Boom: How Stock Options Turned Employees into Millionaires! Benzinga estimated that employees who joined Nvidia five years ago have become millionaires, thanks to the company's stock price soaring.
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 […]
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 […]
Elon Musk's Neuralink Seeks Second Participant for Groundbreaking Brain Implant Trial Neuralink is Elon Musk's brain science startup. Musk is recruiting a second participant to receive a computer chip implant in their brain.
NewJeans’ Parents Hire Top Lawyer Amidst Company Clash Amid the ongoing legal dispute between ADOR CEO Min Hee Jin and HYBE, NewJeans' parents appointed a ...
Boeing's Problems Impact Lufthansa's Business: CEO Speaks Out [Alphabiz=(Madrid) Special Correspondent Shin Jung-hoon] Recently, Germany's Lufthansa publicly ...
Pay Gap between CEO and Employees Widens at Chevron The wage gap between Chevron’s CEO and its employees has widened. According to a securities report released on the 10th (local time), Chevron’s CEO, Michael Wirth, was paid $26.5 million in 2023. This represents a 12.2% increase from the previous year, exceeding the average pay increase of the employees. Additionally, the second-highest-paid executive, Mark Nelson, […]
Spotify to Appoint a New Chief Financial Officer from Saab Swedish music streaming company Spotify is appointing a new veteran Chief Financial Officer (CFO) to improve profitability. Spotify announced on the 4th (local time) that it had appointed Christian Luiga, the former CFO of Saab, as Paul Vogel’s successor. Vogel left in March after about eight years of service. For about four years, Luiga served […]
Colin Huang Becomes China's Second Richest Thanks to 'Temu Effect' Colin Huang, the founder of the Chinese e-commerce company Pinduoduo, has surpassed Tencent chairman Ma Huateng to become the second wealthiest person in China. This is mainly due to the rapid rise of Pinduoduo’s ultra-low-cost online shopping mall, Temu, in global markets, including the United States, which has driven up Pinduoduo’s stock price. According to […]
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 […]
Xi Jinping to Meet with U.S. CEOs at China Development Forum Amid Tensions WSJ, President Xi is expected to meet U.S. business leaders who will visit “China Development Forum (CDF)”This is seen as President Xi’s direct expression of China’s intention to open up to the outside world, even amid U.S.-China tensions Chinese President Xi Jinping. Xinhua Yonhap News Chinese President Xi Jinping is expected to meet with U.S. […]
Apple's CEO Tim Cook Hits the Ground in China: Here's Why Tim Cook of Apple has finally made a personal visit due to a slowdown in sales in China. Apple CEO Tim Cook met with suppliers, including Biel Crystal, on the 20th as sales in China decreased, emphasizing China’s importance in the supply chain. Cook revealed on his SNS post that he enjoyed a local breakfast […]
Microsoft Recruits DeepMind Co-Founder to Head AI Division Microsoft (MS) announced on the 19th (local time) that it has recruited Mustafa Suleyman, co-founder of the artificial intelligence (AI) company DeepMind and also the founder and CEO of another AI startup, Inflation AI, to head its AI business. According to MS’s disclosure, CEO Satya Nadella informed the employees on the same day that “Suleyman […]
World's Richest Person: Arnault Takes Lead, Bezos Falls to Second Place A power struggle for the title of “world’s richest person” is ongoing between Elon Musk, CEO of Tesla, Jeff Bezos, the founder of Amazon, and Bernard Arnault, Chairman of the French luxury group Louis Vuitton Moet Hennessy (LVMH). According to the Bloomberg Billionaires Index on the 10th, as of the 7th, Chairman Arnault has reclaimed […]
Trump and Musk: Secret Meeting Sparks Speculation for 2024 Election Former President Donald Trump, a strong candidate for the Republican presidential nomination, reportedly met with Tesla CEO Elon Musk, stirring speculation about securing “ammunition” for his election campaign. The New York Times (NYT) quoted an anonymous source on the 5th (local time), revealing that former President Trump met Musk in Palm Beach, Florida, on the […]
Elon Musk's Tesla Faces Setbacks: Stock Plummets Amid Factory Sabotage Tesla’s stock price has taken a severe hit, with its market capitalization evaporating by over $76 billion in just two days. This is mainly due to a series of setbacks in China and Germany, coupled with a global slowdown in the growth of the electric vehicle market. On May 5 (local time), Tesla’s stock closed […]
Disney Announces Cancellation of Several Projects Amid Studio Reorganization Walt Disney Company, Bob Iger The Walt Disney Company announced that many planned projects had been canceled during the studio restructuring process. Walt Disney Company (from now on referred to as Disney) CEO Bob Iger stated on the 5th (local time) at an investor conference Q&A session in San Francisco, USA, “We have already discarded […]
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 […]
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