Japan and ASEAN Unite Against China: Joint Auto Strategy in the WorksJapanese Prime Minister Fumio Kishida is delivering a speech at the Japan-ASEAN (Association of Sou ...
China-US Container Fright Rates Reach New Heights, Jump 40% in a WeekContainer freight rates from China to the United States have significantly increased this month. The increase in Chinese consumption has...
Copper Prices Soar: Chile Predicts Continued Rise Through Next YearChile, the world’s largest copper supplier, has raised its average copper price forecast for this year and next year. The possibility of copper prices continuing to rise in the near term has increased. The Chilean state copper commission, Cochilco, announced on May 17th that it has revised its average copper price forecast for this year from […]
Will Chinese Electric Cars Dominate Europe? U.S. Tariffs Shift Focus[The Guru=Yoon Jin-Woong Reporter] Chinese electric vehicles (EVs) are being identified as disruptiv ...
Why Michael Burry is Ditching Tech for Gold Amid Economic UncertaintyScion Asset Management, led by Michael Burry, newly purchased 447,290 shares of Sprott Physical Gold Trust...
From Pandemic to Prosperity: How U.S. Households Accumulated WealthA recent study reveals that US consumers have amassed $4.3 trillion more in liquid financial assets than before the pandemic. Despite the depletion of surplus savings amassed through pandemic relief funds, American consumers still have strong purchasing power. This suggests that the slowdown in inflation may be slower than expected due to strong demand. According […]
UAE's AI Revolution: Introducing the Falcon 2 SeriesThe United Arab Emirates (UAE) is investing in AI. On May 13th, the UAE government research institute announced a new open-source gen-AI model capable of competing with large technology companies. The Abu Dhabi Technology Innovation Institute (TII) has launched the Falcon 2 series, which includes the text-based model Falcon 2 11B and the vision-to-language model […]
U.S. Election Impact on Semiconductor Industry: Insights from Korea Institute for Industrial Economics & TradeA representative was seen examining a wafer at a booth during the Semiconductor Exhibition (SEDEX) h ...
Graphite Mining Companies Outraged as Biden Administration Lifts Chinese Graphite BanThe U.S. government is set to hold discussions with domestic graphite producers who suffered damage due to the postponement of a ban on graphite from China. It is analyzed as a means to appease graphite mining companies that are dissatisfied with the Biden administration’s decision. According to industry sources on the 8th, the U.S. government […]
South Korean President Yoon Suk Yeol's to Share Plans for the CountryThe South Korean Presidential Office announced that President Yoon Suk Yeol will hold a press conference at 10 a.m. on the 9th to mark his second year in office. At the Presidential Office building in Yongsan, Seoul, spokesperson Kim Soo Kyung conveyed during a briefing, “President Yoon Suk Yeol plans to hold his second press […]
Spirit Airlines' Second-Quarter Outlook Falls Below Expectations[Alpha Economy: (Chicago) Special Correspondent Paul Lee] Spirit Airlines' second-quarter revenue ou ...
Warren Buffett Shares Insights on AI, Apple, and Berkshire's Future“I don’t just hope you can come next year. I hope I can be there too.” The 93-year-old Warren Buffett, chairman of Berkshire Hathaway, concluded the Q&A session at the annual shareholders meeting in Omaha, Nebraska, on May 4 with this joke, drawing laughter from investors. This year’s shareholders’ meeting was the first to be […]
China's Elite Move to Japan: Dissatisfied with Regime, Wealthy Individuals Seek New LifeA 45-year-old Chinese man who once ran a metal trading business in China and relocated to Tokyo, Japan, in March. He changed his name to Tomo Hayashi and brought his family to Japan. Hayashi resides in a high-end coastal condo worth $650,000 and sends his two sons to a Japanese elementary school. Like Hayashi, it […]
U.S. Oil Reserves at Highest Since February, Prices RecoverOn the 2nd (local time), oil prices partially recovered losses after the US crude oil inventory significantly increased, boosting supply. July Brent crude traded at the $84 per barrel line, the lowest since mid-March, while West Texas Intermediate crude rose above $80. Commodity prices, including oil, became more attractive as the dollar value plummeted after […]
Amazon's AI Investment Pays Off with Record ProfitsAmazon’s first-quarter results exceeded market expectations. Amazon’s first quarter revenues in 2024 amounted to $143.3 billion, a 12.5% increase from the previous year, surpassing the consensus by 0.5%. Operating profit soared 220.6% to $15.3 billion, beating the consensus by 35.9%. Earnings Per Share (EPS) exceeded expectations by 16.4% at $0.98. The rise in profitability of […]
Apple vs Google: Battle for AI Supremacy Heats UpApple, having a reputation for being late to step into the Artificial Intelligence (AI) industry, has been revealed to be making efforts to strengthen its AI capabilities by actively recruiting AI talents from Google and establishing a secret research lab in Zurich, Switzerland. On the 30th of last month, the Financial Times (FT) reported that […]
Federal Reserve Holds Interest Rates Steady Amid Economic UncertaintyThe New York stock market showed fluctuating results on May 1st (local time). According to Yonhap News, the Dow Jones Industrial Average closed at 37,903.29 on the New York Stock Exchange (NYSE), up 87.37 points (0.23%) from the previous day. The Standard & Poor’s (S&P) 500 index fell 17.30 points (0.34%) to 5,018.39, while the […]
Mexico Rises as the New Manufacturing PowerhouseAs the Biden administration accelerates the decoupling from the Chinese supply chain, Mexico is rapidly emerging as a new global manufacturing hub to replace China. The manufacturing boom is happening in major cities in Mexico as foreign investments targeting the U.S. market continue, and the value of the Mexican peso is also on the rise. […]
China Welcomes Korean Companies' Investment Expansion: SK Group's CommitmentAccording to Xinhua News Agency, a Chinese state-run media, Chey Tae-won, chairman of SK Group, met with He Lifeng, Chinese Vice Premier He Lifeng, on the 29th and promised to continue investing in China. Chey, who also serves as chairman of the Korean Chamber of Commerce and Industry, met with He, who was considered to […]
EU vs. Russia: Kremlin Stands Firm Against Sanctions on LNG TradeRussia has shown the will to overcome the sanctions imposed by the European Union (EU). The Kremlin in Russia announced on the 27th that it would find a way to overcome the illegal sanctions imposed by the EU on the liquefied natural gas (LNG) business. An EU official announced last Thursday that the EU Executive […]
Japan and ASEAN Unite Against China: Joint Auto Strategy in the Works Japanese Prime Minister Fumio Kishida is delivering a speech at the Japan-ASEAN (Association of Sou ...
China-US Container Fright Rates Reach New Heights, Jump 40% in a Week Container freight rates from China to the United States have significantly increased this month. The increase in Chinese consumption has...
Copper Prices Soar: Chile Predicts Continued Rise Through Next Year Chile, the world’s largest copper supplier, has raised its average copper price forecast for this year and next year. The possibility of copper prices continuing to rise in the near term has increased. The Chilean state copper commission, Cochilco, announced on May 17th that it has revised its average copper price forecast for this year from […]
Will Chinese Electric Cars Dominate Europe? U.S. Tariffs Shift Focus [The Guru=Yoon Jin-Woong Reporter] Chinese electric vehicles (EVs) are being identified as disruptiv ...
Why Michael Burry is Ditching Tech for Gold Amid Economic Uncertainty Scion Asset Management, led by Michael Burry, newly purchased 447,290 shares of Sprott Physical Gold Trust...
From Pandemic to Prosperity: How U.S. Households Accumulated Wealth A recent study reveals that US consumers have amassed $4.3 trillion more in liquid financial assets than before the pandemic. Despite the depletion of surplus savings amassed through pandemic relief funds, American consumers still have strong purchasing power. This suggests that the slowdown in inflation may be slower than expected due to strong demand. According […]
UAE's AI Revolution: Introducing the Falcon 2 Series The United Arab Emirates (UAE) is investing in AI. On May 13th, the UAE government research institute announced a new open-source gen-AI model capable of competing with large technology companies. The Abu Dhabi Technology Innovation Institute (TII) has launched the Falcon 2 series, which includes the text-based model Falcon 2 11B and the vision-to-language model […]
U.S. Election Impact on Semiconductor Industry: Insights from Korea Institute for Industrial Economics & Trade A representative was seen examining a wafer at a booth during the Semiconductor Exhibition (SEDEX) h ...
Graphite Mining Companies Outraged as Biden Administration Lifts Chinese Graphite Ban The U.S. government is set to hold discussions with domestic graphite producers who suffered damage due to the postponement of a ban on graphite from China. It is analyzed as a means to appease graphite mining companies that are dissatisfied with the Biden administration’s decision. According to industry sources on the 8th, the U.S. government […]
South Korean President Yoon Suk Yeol's to Share Plans for the Country The South Korean Presidential Office announced that President Yoon Suk Yeol will hold a press conference at 10 a.m. on the 9th to mark his second year in office. At the Presidential Office building in Yongsan, Seoul, spokesperson Kim Soo Kyung conveyed during a briefing, “President Yoon Suk Yeol plans to hold his second press […]
Spirit Airlines' Second-Quarter Outlook Falls Below Expectations [Alpha Economy: (Chicago) Special Correspondent Paul Lee] Spirit Airlines' second-quarter revenue ou ...
Warren Buffett Shares Insights on AI, Apple, and Berkshire's Future “I don’t just hope you can come next year. I hope I can be there too.” The 93-year-old Warren Buffett, chairman of Berkshire Hathaway, concluded the Q&A session at the annual shareholders meeting in Omaha, Nebraska, on May 4 with this joke, drawing laughter from investors. This year’s shareholders’ meeting was the first to be […]
China's Elite Move to Japan: Dissatisfied with Regime, Wealthy Individuals Seek New Life A 45-year-old Chinese man who once ran a metal trading business in China and relocated to Tokyo, Japan, in March. He changed his name to Tomo Hayashi and brought his family to Japan. Hayashi resides in a high-end coastal condo worth $650,000 and sends his two sons to a Japanese elementary school. Like Hayashi, it […]
U.S. Oil Reserves at Highest Since February, Prices Recover On the 2nd (local time), oil prices partially recovered losses after the US crude oil inventory significantly increased, boosting supply. July Brent crude traded at the $84 per barrel line, the lowest since mid-March, while West Texas Intermediate crude rose above $80. Commodity prices, including oil, became more attractive as the dollar value plummeted after […]
Amazon's AI Investment Pays Off with Record Profits Amazon’s first-quarter results exceeded market expectations. Amazon’s first quarter revenues in 2024 amounted to $143.3 billion, a 12.5% increase from the previous year, surpassing the consensus by 0.5%. Operating profit soared 220.6% to $15.3 billion, beating the consensus by 35.9%. Earnings Per Share (EPS) exceeded expectations by 16.4% at $0.98. The rise in profitability of […]
Apple vs Google: Battle for AI Supremacy Heats Up Apple, having a reputation for being late to step into the Artificial Intelligence (AI) industry, has been revealed to be making efforts to strengthen its AI capabilities by actively recruiting AI talents from Google and establishing a secret research lab in Zurich, Switzerland. On the 30th of last month, the Financial Times (FT) reported that […]
Federal Reserve Holds Interest Rates Steady Amid Economic Uncertainty The New York stock market showed fluctuating results on May 1st (local time). According to Yonhap News, the Dow Jones Industrial Average closed at 37,903.29 on the New York Stock Exchange (NYSE), up 87.37 points (0.23%) from the previous day. The Standard & Poor’s (S&P) 500 index fell 17.30 points (0.34%) to 5,018.39, while the […]
Mexico Rises as the New Manufacturing Powerhouse As the Biden administration accelerates the decoupling from the Chinese supply chain, Mexico is rapidly emerging as a new global manufacturing hub to replace China. The manufacturing boom is happening in major cities in Mexico as foreign investments targeting the U.S. market continue, and the value of the Mexican peso is also on the rise. […]
China Welcomes Korean Companies' Investment Expansion: SK Group's Commitment According to Xinhua News Agency, a Chinese state-run media, Chey Tae-won, chairman of SK Group, met with He Lifeng, Chinese Vice Premier He Lifeng, on the 29th and promised to continue investing in China. Chey, who also serves as chairman of the Korean Chamber of Commerce and Industry, met with He, who was considered to […]
EU vs. Russia: Kremlin Stands Firm Against Sanctions on LNG Trade Russia has shown the will to overcome the sanctions imposed by the European Union (EU). The Kremlin in Russia announced on the 27th that it would find a way to overcome the illegal sanctions imposed by the EU on the liquefied natural gas (LNG) business. An EU official announced last Thursday that the EU Executive […]
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