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 […]
Navigating the Regulatory Storm: Chinese Companies Opt for Hong Kong IPOsMany companies choose to go public in Hong Kong as a solution to the inactive Chinese stock market, as authorities tighten regulations and raise the Initial Public Offering (IPO) threshold. Expectations are rising that the stagnant Hong Kong IPO market will recover, but experts are cautious, fearing the flock of less competitive companies to the […]
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 […]
Tesla Breaks Barrier in China: FSD Software Likely to Enter Market After Inspection ApprovalModel 3 and Model Y Produced at Shanghai Gigafactory Pass the InspectionTesla, the Only Foreign Company to Pass For the first time, Chinese authorities have granted Tesla a compliance certificate for data security, which is the first for a foreign company. This green light paves the way for the introduction of Tesla’s Full Self-Driving (FSD) […]
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 […]
Mercedes-Benz Cleared of Diesel Scandal by DOJMercedes-Benz Group AG has successfully shaken off allegations of diesel emission manipulation. The U.S. Department of Justice (DOJ) announced on the 27th that it had concluded its investigation into the Mercedes-Benz diesel emission scandal and found no further allegations. Renata Jungo Brüngger, a member of the board responsible for integrity, governance, and sustainability at Mercedes-Benz, […]
EU's Surprise for Xi Jinping: Raid on Chinese CompaniesA series of investigations into Chinese companies in Europe may deepen the conflict over subsidy disputes.Foreign companies are required to report subsidies received within three years for EU public tenders.The nine-month probe focuses solely on “Chinese,”indicating a potential escalation of the issue on the future agenda. According to Bloomberg and the South China Morning Post […]
Trump's Return Could Mean Tariff Troubles for South KoreaU.S. experts predict that if Donald Trump retakes the White House and enforces a strong tariff policy, South Korea, which revised the Free Trade Agreement (FTA) during the Trump administration, may not be an exception. Eric Altbach, a partner at the consulting firm Albright Stonebridge Group, said at a U.S. presidential election outlook seminar hosted […]
Bubble Tea Billionaires: China's Latest Wealth PhenomenonBloomberg reported on the 22nd (local time) that the popularity of bubble tea in China has consecutively created billionaires. According to the report, the stocks of Sichuan Baicha Baidao, the third-largest bubble tea chain in China (hereafter referred to as ChaPanda), are set to trade on the Hong Kong stock market starting from the 23rd. […]
China's Wind Turbine Exports Skyrocketed by 60.2% Despite Market ChallengesAs price competition in China intensifies, the focus is shifting towards exports. Last year, Chinese wind turbine exports saw a significant increase. The European Union (EU) has investigated subsidies for Chinese wind turbines following electric cars and solar power. Chinese companies are speeding up exports in response to intensified domestic market competition. On the 22nd, […]
US Housing Giant Dr. Horton Beats Estimates with Robust ProfitsAnalysts have reported that D.R. Horton (DHI), a company that builds homes and sells building materials in the U.S., ‘s quarterly results were better than expected. D.R. Horton’s second-quarter (January-March) sales were $9.11 billion, a 14.2% increase year over year, and its net income was $1.17 billion, a 24.4% increase. Earnings per share (EPS) were […]
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 […]
Navigating the Regulatory Storm: Chinese Companies Opt for Hong Kong IPOs Many companies choose to go public in Hong Kong as a solution to the inactive Chinese stock market, as authorities tighten regulations and raise the Initial Public Offering (IPO) threshold. Expectations are rising that the stagnant Hong Kong IPO market will recover, but experts are cautious, fearing the flock of less competitive companies to the […]
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 […]
Tesla Breaks Barrier in China: FSD Software Likely to Enter Market After Inspection Approval Model 3 and Model Y Produced at Shanghai Gigafactory Pass the InspectionTesla, the Only Foreign Company to Pass For the first time, Chinese authorities have granted Tesla a compliance certificate for data security, which is the first for a foreign company. This green light paves the way for the introduction of Tesla’s Full Self-Driving (FSD) […]
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 […]
Mercedes-Benz Cleared of Diesel Scandal by DOJ Mercedes-Benz Group AG has successfully shaken off allegations of diesel emission manipulation. The U.S. Department of Justice (DOJ) announced on the 27th that it had concluded its investigation into the Mercedes-Benz diesel emission scandal and found no further allegations. Renata Jungo Brüngger, a member of the board responsible for integrity, governance, and sustainability at Mercedes-Benz, […]
EU's Surprise for Xi Jinping: Raid on Chinese Companies A series of investigations into Chinese companies in Europe may deepen the conflict over subsidy disputes.Foreign companies are required to report subsidies received within three years for EU public tenders.The nine-month probe focuses solely on “Chinese,”indicating a potential escalation of the issue on the future agenda. According to Bloomberg and the South China Morning Post […]
Trump's Return Could Mean Tariff Troubles for South Korea U.S. experts predict that if Donald Trump retakes the White House and enforces a strong tariff policy, South Korea, which revised the Free Trade Agreement (FTA) during the Trump administration, may not be an exception. Eric Altbach, a partner at the consulting firm Albright Stonebridge Group, said at a U.S. presidential election outlook seminar hosted […]
Bubble Tea Billionaires: China's Latest Wealth Phenomenon Bloomberg reported on the 22nd (local time) that the popularity of bubble tea in China has consecutively created billionaires. According to the report, the stocks of Sichuan Baicha Baidao, the third-largest bubble tea chain in China (hereafter referred to as ChaPanda), are set to trade on the Hong Kong stock market starting from the 23rd. […]
China's Wind Turbine Exports Skyrocketed by 60.2% Despite Market Challenges As price competition in China intensifies, the focus is shifting towards exports. Last year, Chinese wind turbine exports saw a significant increase. The European Union (EU) has investigated subsidies for Chinese wind turbines following electric cars and solar power. Chinese companies are speeding up exports in response to intensified domestic market competition. On the 22nd, […]
US Housing Giant Dr. Horton Beats Estimates with Robust Profits Analysts have reported that D.R. Horton (DHI), a company that builds homes and sells building materials in the U.S., ‘s quarterly results were better than expected. D.R. Horton’s second-quarter (January-March) sales were $9.11 billion, a 14.2% increase year over year, and its net income was $1.17 billion, a 24.4% increase. Earnings per share (EPS) were […]
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