How Did Nvidia Become an AI Chip Powerhouse?Nvidia, a U.S. semiconductor company, is a primary beneficiary of the AI boom. Since early last year, its stock price has surged by about 450%, and its market capitalization has exceeded $2 trillion. Nvidia has now established itself as the third highest-valued company in the U.S., following Microsoft and Apple. Nvidia’s growth is steep. Its […]
'I Played Dead to Live': Survivors Testify Amidst Moscow Terror Attack AftermathThe aftermath of the attack on the Crocus City Hall in Moscow, Russia, on the 22nd (local time), continues to unfold, with hundreds of casualties reported. Survivors from the scene are sharing their experiences. According to The Guardian on the 23rd, Arina, aged 27, from Moscow, said, “We heard loud ‘bangs’ from outside and thought […]
Apple Faces Antitrust Probe from U.S. and EU Authorities, Threatened with SanctionsApple Faces Sanctions from U.S. and European Regulatory AuthoritiesCompeting in the Market with Advanced Technology Apple, the manufacturer of the iPhone, is now under sanctions from U.S. and European regulatory authorities. Apple’s closed ecosystem has come under scrutiny. According to the Financial Times, on the 21st (local time), the U.S. Department of Justice and 16 […]
Biden Administration Invests in Intel, $8.5 Billion in Grants and $11.9 Billion in Loans“Largest Ever Funding Under CHIPS Act” The Biden Administration is pushing for funding support of $19.5 billion for the semiconductor manufacturer Intel. According to Bloomberg News on the 20th (local time), the White House announced in a statement, “We have tentatively agreed to provide Intel with up to $8.5 billion in grants and implement $11 […]
BAE Systems Plans $4 Billion Bond Sale for Ball Aerospace AcquisitionBritish defense company BAE Systems is preparing to sell corporate bonds to finance the acquisition of Ball Aerospace. According to an insider, as of the 18th (local time), BAE Systems is recruiting investors to sell corporate bonds that could exceed $4 billion to refinance the bridge loan used to acquire Ball Aerospace. The final size […]
Putin, Xi's May Summit: Closer Look at Russia-China Strategic PartnershipVladimir Putin, who has been confirmed for a fifth term as the Russian president, will hold a summit with Chinese President Xi Jinping in China in May. According to Yonhap News on the 19th, Reuters reported that President Putin will visit China in May to hold a summit with President Xi Jinping. It is expected […]
Kim Jong Un's Missile Launch Following Putin's Victory: Calculated Move?North Korea fired a ballistic missile immediately after Vladimir Putin’s Russian presidential election victory. Various interpretations have been made about North Korea’s resumption of provocation after over a month of silence, including the period of Seoul and Washington’s annual “Freedom Shield (FS)” drills. According to the Nihon Keizai Shimbun (Nikkei), on the 18th, the Japan […]
Putin Secures His 5th Term in OfficePutin secures 87% of votes, with 50% countedNavalnaya vows to “keep fighting”Zelensky dismisses the election as a “mockery” Russian President Vladimir Putin has virtually secured a fifth term in office, receiving overwhelming support in the 2024 Russian presidential election. According to Reuters on March 17 (local time), the Russian Central Election Commission announced that with […]
China's Marriage Rate Surges After a Decade Slump, Registrations Up by 12.3%Marriage rates in China have rebounded, marking the first positive turn in a decade. According to the Chinese Ministry of Civil Affairs, on the 17th, the total number of marriage registrations in China last year was 7.68 million, an increase of 12.3% compared to the previous year (6.835 million). The number of marriage registrations in […]
Another Day of Decline in the Stock MarketReuters/Yonhap News On March 14 (Eastern Time), all three major New York Stock Exchange indices fell. According to Yonhap News, on the New York Stock Exchange (NYSE), the Dow Jones 30 Industrial Average ended down 137.66 points (0.35%) 38,905.66. The Standard & Poor’s (S&P) 500 Index closed at 5,150.48, down 14.83 points (0.29%) from the […]
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 […]
Biden Proposes $7.3 Trillion Budget with Tax Increases on Rich and CorporationsThe Biden administration in the United States announced on the 11th a budget plan for fiscal year 2025 of $7.3 trillion. The plan aims to reduce the fiscal deficit through increased taxes on the wealthy and corporations and secure funds for new low-income support programs. However, the likelihood of the U.S. Congress constructing the budget […]
Musk's X Cancels Partnership With Former CNN AnchorX decided not to establish a commercial partnership after careful review.Musk’s “lack of authenticity in CNN’s approach on social media.” The social media X (former Twitter), owned by Tesla CEO EloSocials, abruptly canceled its partnership with Don Lemon, a former CNN anchor. According to CNBC in the US, Lemon was informed of this decision on […]
Elon Musk to Open-Source AI Chatbot Grok, Raising Pressure on OpenAIDetails of what will be open-sourced have not yet been disclosed Elon Musk, CEO of Tesla, announced on the 11th (local time) on his social media platform X (formerly Twitter) that he plans to release the source of the AI chatbot Grok this week, according to The Wall Street Journal (WSJ). The article did not […]
Japan Faces Pressure from China to Compensate for Radioactive Water From FukushimaChina has demanded a compensation system in preparation for damages caused by Japan’s contaminated water discharge. Since last year, China has been banning the import of Japanese seafood. According to Yonhap News on the 12th, Kyodo News reported that China is demanding Japan establish a compensation system in preparation for economic damages caused by the […]
IVE Kicks Off Global Tour With Sold Out Shows in LA & OaklandRising stars IVE will take North America by storm with their upcoming tour. According to Starship Entertainment, IVE departed on March 12 for IVE THE 1ST WORLD TOUR: SHOW WHAT I HAVE to fulfill their North American tour schedule. IVE will begin its North American tour in Los Angeles on March 13, Oakland on March […]
U.S. to Restrict Sale of Strategic Petroleum Reserves to ChinaThe U.S. Congress is pushing for a measure to prohibit the sale of strategic petroleum reserves to China. According to industry sources, on the 10th, U.S. bipartisan leaders agreed on the 3rd to continue operating a significant portion of government functions until the end of the fiscal year 2023 (October 2023 to September 2024) to […]
Russia Launches New Projects to Boost Birth Rate and Support Youth EducationThe Russian government is launching a new project to increase the domestic birth rate and strengthen support for youth education. According to KOTRA and other sources, on the 9th, Russia is planning to start five new national projects: △Family (aiming to increase birth rate and life expectancy) △, Russian Youth (aiming to better youth education) […]
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 […]
Putin: 'Childbirth is Part of a Woman's Destiny'Russian President Vladimir Putin has stated that “childbirth” is inherently part of a woman’s destiny. According to Yonhap News, on the 7th (local time), the Russian news agency, TASS, reported that President Putin said “A woman’s destiny is to carry on the family lineage, which is a unique gift of nature,” in a speech at […]
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