Argentina's 'Trump' Milei Triggers Credit Rating Plunge: What's Next?"Bloomberg reported on the 13th (local time) that credit rating agency S&P has downgraded Argentina’s credit rating from “CCC—” to “Selective Default or SD.” The downgrade was attributed to President Javier Milei, known as “Argentina’s Donald Trump,” ordering a bond swap. The Argentine government previously implemented a policy to exchange peso-denominated bonds worth $65 billion […]
Moody's Downgrades China's Vanke Amid Real Estate Sector ConcernsA construction site of Vanke in Shanghai, China. Reuters-Yonhap Moody’s, an international credit rating agency, has downgraded Vanke, China’s second-largest real estate developer’s credit rating to “non-investment grade.” According to Bloomberg News, on the 11th (local time), Moody’s announced that it had downgraded Vanke’s rating from the lowest investment grade, Baa3, to the non-investment grade, […]
China Copper Explores Overseas Investments to Alleviate Copper Supply ConstraintsChina Copper, a subsidiary of the Aluminum Corporation of China (Chalco), is turning to overseas copper mine development to overcome the shortage of copper supply in China. Xiong Weiping, the CEO of Chalco, said in an interview with Reuters on the 11th (local time), “China Copper has launched an acquisition of overseas copper mines as […]
BYD Founder Wang Chuanfu Faces Crisis Over Alleged Extramarital AffairChairman Wang Chuanfu of BYD, a major Chinese electric vehicle company, is recently rumored to have illegitimate children in the United States—/Search engine Baidu. Wang Chuanfu, 58, founder of BYD, a major Chinese electric vehicle company comparable to Elon Musk’s Tesla, is suddenly embroiled in rumors of having illegitimate children in the United States, facing […]
Does Kim Jong Un’s 10-Year Economic Plan Follow Kim Jong Il's Delusions?(Photo=Rodong Sinmun/News1) An article on the first page of Rodong Sinmun on March 11th specified that the North Korean 2024 main project, the 20×10 regional development policy, is the 10-year revolution to realize the party’s long-cherished wish. Of course, Kim Jong Un has already named this policy, the grand struggle of the 10-year goal, 10-year […]
Pentagon Initiates Efforts to Develop Domestic Rare Earth Element SupplyThe U.S. Department of Defense is taking steps to establish a supply chain for rare earth permanent magnets to reduce dependence on China and secure its domestic supply network. Laura D. Taylor-Kale, Assistant Secretary of Industrial Policy, stated on the 11th, “We have been working to secure the supply chain for rare earth elements needed […]
Grayscale Seeks SEC Approval for Mini Bitcoin ETF to Attract InvestorsThe world’s largest cryptocurrency operator, Grayscale Investments, is set to introduce a mini Bitcoin spot exchange-traded fund (ETF) with lower commissions. This move is seen as a strategic step to reclaim the market dominance from competitors like BlackRock and Fidelity. According to Reuters and other sources, on the 13th, Grayscale applied to the U.S. Securities […]
Income Inequality Soars: Top 10% Earn 76 Times More Than Bottom 10%Annual income of the top 0.1% of total income is $1.5 million According to a survey, the gap between the top 10% and the bottom 10% of total income is 76 times. The weekly report “Numbers” No. 229 from the Ministry Data Research Institute on February 27th presented a survey result titled “Polarization of Total […]
Marriage Price Tag: Koreans Spend $300K on Saying 'I Do'Housing Cost Accounts for 79% of Wedding Expenses A study has revealed that the cost of getting married in Korea is 347.4 million won ($294,000). On February 20th, the Numbers Data Research Center’s weekly report “Numbers” No. 228 released a survey titled “Cost of Marriage for Koreans.” Below are the details of the survey results. […]
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 […]
Argentina's 'Trump' Milei Triggers Credit Rating Plunge: What's Next?" Bloomberg reported on the 13th (local time) that credit rating agency S&P has downgraded Argentina’s credit rating from “CCC—” to “Selective Default or SD.” The downgrade was attributed to President Javier Milei, known as “Argentina’s Donald Trump,” ordering a bond swap. The Argentine government previously implemented a policy to exchange peso-denominated bonds worth $65 billion […]
Moody's Downgrades China's Vanke Amid Real Estate Sector Concerns A construction site of Vanke in Shanghai, China. Reuters-Yonhap Moody’s, an international credit rating agency, has downgraded Vanke, China’s second-largest real estate developer’s credit rating to “non-investment grade.” According to Bloomberg News, on the 11th (local time), Moody’s announced that it had downgraded Vanke’s rating from the lowest investment grade, Baa3, to the non-investment grade, […]
China Copper Explores Overseas Investments to Alleviate Copper Supply Constraints China Copper, a subsidiary of the Aluminum Corporation of China (Chalco), is turning to overseas copper mine development to overcome the shortage of copper supply in China. Xiong Weiping, the CEO of Chalco, said in an interview with Reuters on the 11th (local time), “China Copper has launched an acquisition of overseas copper mines as […]
BYD Founder Wang Chuanfu Faces Crisis Over Alleged Extramarital Affair Chairman Wang Chuanfu of BYD, a major Chinese electric vehicle company, is recently rumored to have illegitimate children in the United States—/Search engine Baidu. Wang Chuanfu, 58, founder of BYD, a major Chinese electric vehicle company comparable to Elon Musk’s Tesla, is suddenly embroiled in rumors of having illegitimate children in the United States, facing […]
Does Kim Jong Un’s 10-Year Economic Plan Follow Kim Jong Il's Delusions? (Photo=Rodong Sinmun/News1) An article on the first page of Rodong Sinmun on March 11th specified that the North Korean 2024 main project, the 20×10 regional development policy, is the 10-year revolution to realize the party’s long-cherished wish. Of course, Kim Jong Un has already named this policy, the grand struggle of the 10-year goal, 10-year […]
Pentagon Initiates Efforts to Develop Domestic Rare Earth Element Supply The U.S. Department of Defense is taking steps to establish a supply chain for rare earth permanent magnets to reduce dependence on China and secure its domestic supply network. Laura D. Taylor-Kale, Assistant Secretary of Industrial Policy, stated on the 11th, “We have been working to secure the supply chain for rare earth elements needed […]
Grayscale Seeks SEC Approval for Mini Bitcoin ETF to Attract Investors The world’s largest cryptocurrency operator, Grayscale Investments, is set to introduce a mini Bitcoin spot exchange-traded fund (ETF) with lower commissions. This move is seen as a strategic step to reclaim the market dominance from competitors like BlackRock and Fidelity. According to Reuters and other sources, on the 13th, Grayscale applied to the U.S. Securities […]
Income Inequality Soars: Top 10% Earn 76 Times More Than Bottom 10% Annual income of the top 0.1% of total income is $1.5 million According to a survey, the gap between the top 10% and the bottom 10% of total income is 76 times. The weekly report “Numbers” No. 229 from the Ministry Data Research Institute on February 27th presented a survey result titled “Polarization of Total […]
Marriage Price Tag: Koreans Spend $300K on Saying 'I Do' Housing Cost Accounts for 79% of Wedding Expenses A study has revealed that the cost of getting married in Korea is 347.4 million won ($294,000). On February 20th, the Numbers Data Research Center’s weekly report “Numbers” No. 228 released a survey titled “Cost of Marriage for Koreans.” Below are the details of the survey results. […]
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 […]
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