Crypto Fever: Bitcoin Hits New Highs, Ethereum Tops $4,000, Altcoins RallyBitcoin has ushered in the era of $72,000. As of the 12th, Bitcoin is trading at about $77,321 on UPbit. According to the cryptocurrency statistics site CoinGecko, at 9:40 a.m. on the 12th, Bitcoin traded at $72,251.69 (the average of the main exchanges), up 4.5% from the previous day. Ethereum was up 6.0% to $4,076.58, […]
Investment Alert: Gold Prices Soar to Record Highs, Time to Buy In?Amid the gold price reaching an all-time high, experts have suggested increasing investments as the upward trend is expected to continue. Hwang Byung Jin, a researcher at NH Investment & Securities, stated in a report on the 11th, “As the tight monetary policy led by the U.S. Federal Reserve is nearing its end, the gold […]
China Loses Population Crown to India, Battles Low Birth Rate CrisisPhoto=ImageToday With a population of 1.4 billion, China is grappling with a national emergency due to a low birth rate and is struggling to find solutions. According to the National Bureau of Statistics of China, the total population of mainland China decreased from 1.4118 billion at the beginning of this year to 1.4970 billion, a […]
Former Goldman Sachs Exec Spills Crypto Secrets: What's in Raoul Pal's Portfolio?Raoul Pal, a former executive at the global investment bank Goldman Sachs and currently the CEO of financial services company Real Vision, has revealed his cryptocurrency asset portfolio. On the 8th, Pal appeared on the cryptocurrency YouTube channel “Crypto Banter,” stating that about 90% of his assets are in the cryptocurrency sector. Pal is one […]
Biden Administration Announces $7.3 Trillion Budget Statement for Fiscal Year 2025“Cornerstone of the election campaign, contrasting with Trump’s economic policies.” The Biden administration announced a budget statement of $7.3 trillion for the 2025 fiscal year on the 11th (local time). The plan aims to reduce the fiscal deficit through increased taxes on the wealthy and corporations and secure financial resources for new low-income support programs. […]
Trump v Biden: Who Do Voters Prefer When It Comes to Economic Policies?(Photo=AFP/Yonhap) Despite indications of an improving U.S. economy, President Joe Biden’s “economic score” shows little sign of a rebound, attracting attention to the reason behind this. According to Yonhap News, on the 10th (local time), the Financial Times (FT) reported that although American voters believe the economy is improving, they remain stingy in support of […]
China's Economic Challenge: Insights from the Closed Two SessionsThe 14th Two Sessions will terminate with the National People’s Congress (NPC) closing on the afternoon of the 11th. The 10-day Chinese People’s Political Consultative Conference (CPPCC) closed a day earlier./Xinhua News Agency. The 14th session of China’s Two Sessions (National People’s Congress and the Chinese People’s Political Consultative Conference) is expected to close smoothly […]
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 […]
South Korea's Senior Poverty Rate Hits 38.1%, Highest in OECD CountriesTwo years ago, the poverty rate among seniors in South Korea worsened to 38.1%, the highest level among the countries in the Organization for Economic Cooperation and Development (OECD). According to data from the Ministry of Health and Welfare and Statistics Korea’s Household Financial Welfare Survey on the 11th, the relative poverty rate of the […]
Debate Emerges Over S&P 500 Surge: Bubble or Sustainable Growth?A sign announcing Wall Street is in front of the New York Stock Exchange (NYSE) building. Reuters/Yonhap News The U.S. Standard & Poor’s (S&P) 500 index has been on a tremendous rise this year, repeatedly breaking its all-time highs. This has sparked a debate about whether the stock price is in a bubble. The controversy […]
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 […]
Biden Brings Up 'Billionaire Tax' During His State of the Union AddressMentioned several times during the first Biden term but not actively pursuedAims to reduce record U.S. government debt and differentiate himself from TrumpIncludes a plan to deny tax deductions for companies with employees earning more than $1 million On the evening of the 7th, at 9 p.m. local time, President Joe Biden of the United […]
Goldman Sachs Warns of Continued Downtrend in Cobalt, Lithium, and Nickel PricesGlobal investment bank Goldman Sachs has warned about the further decline in battery metal prices. Battery mineral mining companies have begun to regulate production, but the downward trend continues. On the 5th, Goldman Sachs stated in an investment note, “Although the prices of nickel, lithium, and cobalt have fallen by 60%, 80%, and 65% respectively […]
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, […]
South Korea's Big Mac Index Rises to $4.11, Undervaluation ContinuesSouth Korea’s Big Mac Index ranks sixth highest in Asia. The Big Mac Index is a measure that converts the price of a Big Mac sold at McDonald’s outlets in various countries into US dollars. It is used to gauge a country’s currency value and exchange rate. The British economic weekly, The Economist, has been […]
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. […]
How Much is the Average Annual Salary of Samsung Electronics Employees?Estimated by the Korea CXO Institute, a corporate analysis specialist Do you know how much the average annual salary is at Samsung Electronics? The estimated average annual salary of Samsung Electronics employees for the last year (2023) has been revealed. According to Yonhap News, the average annual salary of Samsung Electronics employees last year was […]
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 […]
Crypto Fever: Bitcoin Hits New Highs, Ethereum Tops $4,000, Altcoins Rally Bitcoin has ushered in the era of $72,000. As of the 12th, Bitcoin is trading at about $77,321 on UPbit. According to the cryptocurrency statistics site CoinGecko, at 9:40 a.m. on the 12th, Bitcoin traded at $72,251.69 (the average of the main exchanges), up 4.5% from the previous day. Ethereum was up 6.0% to $4,076.58, […]
Investment Alert: Gold Prices Soar to Record Highs, Time to Buy In? Amid the gold price reaching an all-time high, experts have suggested increasing investments as the upward trend is expected to continue. Hwang Byung Jin, a researcher at NH Investment & Securities, stated in a report on the 11th, “As the tight monetary policy led by the U.S. Federal Reserve is nearing its end, the gold […]
China Loses Population Crown to India, Battles Low Birth Rate Crisis Photo=ImageToday With a population of 1.4 billion, China is grappling with a national emergency due to a low birth rate and is struggling to find solutions. According to the National Bureau of Statistics of China, the total population of mainland China decreased from 1.4118 billion at the beginning of this year to 1.4970 billion, a […]
Former Goldman Sachs Exec Spills Crypto Secrets: What's in Raoul Pal's Portfolio? Raoul Pal, a former executive at the global investment bank Goldman Sachs and currently the CEO of financial services company Real Vision, has revealed his cryptocurrency asset portfolio. On the 8th, Pal appeared on the cryptocurrency YouTube channel “Crypto Banter,” stating that about 90% of his assets are in the cryptocurrency sector. Pal is one […]
Biden Administration Announces $7.3 Trillion Budget Statement for Fiscal Year 2025 “Cornerstone of the election campaign, contrasting with Trump’s economic policies.” The Biden administration announced a budget statement of $7.3 trillion for the 2025 fiscal year on the 11th (local time). The plan aims to reduce the fiscal deficit through increased taxes on the wealthy and corporations and secure financial resources for new low-income support programs. […]
Trump v Biden: Who Do Voters Prefer When It Comes to Economic Policies? (Photo=AFP/Yonhap) Despite indications of an improving U.S. economy, President Joe Biden’s “economic score” shows little sign of a rebound, attracting attention to the reason behind this. According to Yonhap News, on the 10th (local time), the Financial Times (FT) reported that although American voters believe the economy is improving, they remain stingy in support of […]
China's Economic Challenge: Insights from the Closed Two Sessions The 14th Two Sessions will terminate with the National People’s Congress (NPC) closing on the afternoon of the 11th. The 10-day Chinese People’s Political Consultative Conference (CPPCC) closed a day earlier./Xinhua News Agency. The 14th session of China’s Two Sessions (National People’s Congress and the Chinese People’s Political Consultative Conference) is expected to close smoothly […]
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 […]
South Korea's Senior Poverty Rate Hits 38.1%, Highest in OECD Countries Two years ago, the poverty rate among seniors in South Korea worsened to 38.1%, the highest level among the countries in the Organization for Economic Cooperation and Development (OECD). According to data from the Ministry of Health and Welfare and Statistics Korea’s Household Financial Welfare Survey on the 11th, the relative poverty rate of the […]
Debate Emerges Over S&P 500 Surge: Bubble or Sustainable Growth? A sign announcing Wall Street is in front of the New York Stock Exchange (NYSE) building. Reuters/Yonhap News The U.S. Standard & Poor’s (S&P) 500 index has been on a tremendous rise this year, repeatedly breaking its all-time highs. This has sparked a debate about whether the stock price is in a bubble. The controversy […]
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 […]
Biden Brings Up 'Billionaire Tax' During His State of the Union Address Mentioned several times during the first Biden term but not actively pursuedAims to reduce record U.S. government debt and differentiate himself from TrumpIncludes a plan to deny tax deductions for companies with employees earning more than $1 million On the evening of the 7th, at 9 p.m. local time, President Joe Biden of the United […]
Goldman Sachs Warns of Continued Downtrend in Cobalt, Lithium, and Nickel Prices Global investment bank Goldman Sachs has warned about the further decline in battery metal prices. Battery mineral mining companies have begun to regulate production, but the downward trend continues. On the 5th, Goldman Sachs stated in an investment note, “Although the prices of nickel, lithium, and cobalt have fallen by 60%, 80%, and 65% respectively […]
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, […]
South Korea's Big Mac Index Rises to $4.11, Undervaluation Continues South Korea’s Big Mac Index ranks sixth highest in Asia. The Big Mac Index is a measure that converts the price of a Big Mac sold at McDonald’s outlets in various countries into US dollars. It is used to gauge a country’s currency value and exchange rate. The British economic weekly, The Economist, has been […]
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. […]
How Much is the Average Annual Salary of Samsung Electronics Employees? Estimated by the Korea CXO Institute, a corporate analysis specialist Do you know how much the average annual salary is at Samsung Electronics? The estimated average annual salary of Samsung Electronics employees for the last year (2023) has been revealed. According to Yonhap News, the average annual salary of Samsung Electronics employees last year was […]
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 […]
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