Warren Buffett's Latest Gamble: $6.7 Billion Invested in Insurance GiantBerkshire Hathaway has been secretly buying stocks of the casualty insurance company Chubb since the third quarter...
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...
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 […]
Hungary Welcomes China's Investment: A Strategic Move Amid EU's ResistanceChinese President Xi Jinping (left) and Hungarian Prime Minister Viktor Orban. Photo: Xinhua/Yonhap ...
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 […]
MicroStrategy Buys More Bitcoin Despite Crypto TurmoilMicroStrategy, the big player in Bitcoin, has recently purchased more despite the turmoil in the cryptocurrency market, reinforcing its bullish outlook on Bitcoin. Michael Saylor, the executive chairman of MicroStrategy, announced on the 30th that the company invested $7.8 million this month alone, purchasing an additional 122 units of Bitcoin. With this purchase, MicroStrategy now […]
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 […]
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 […]
Apple's Big Move: $250 Million Investment in SingaporeTim Cook, currently touring Southeast Asia, also plans to invest in Singapore. According to an Apple statement on the 18th (local time), the company plans to invest more than $250 million to expand its local campus and operations in Ang Mo Kio, Singapore. Tim Cook, CEO of Apple, said, “Singapore is truly a unique place, […]
SK Group Chairman Delivers on Investment Promise to President BidenChairman Chey Tae Won of SK Group emphasized that he kept his investment promise with U.S. President Joe Biden by establishing SK Hynix’s advanced packaging facilities. On the 17th, Chey posted on his LinkedIn, “SK Hynix announced on the 3rd that it will build an advanced packaging (post-processing) facility for HBM (High Bandwidth Memory) DRAM, […]
China Surges Ahead as Saudi Arabia's Top Greenfield InvestorChina emerges as the largest greenfield investor China emerged as Saudi Arabia’s largest greenfield investment country last year. This signifies a deepening relationship between the two nations. According to the Institute for International Economic Policy, on the 10th, China invested $16.8 billion in Saudi Arabia last year, securing its position as a major greenfield foreign […]
Nvidia and PT Indosat Invest $200M in Building AI Center in IndonesiaNvidia is investing in the development of AI in Indonesia in collaboration with Indonesian telecom company PT Indosat. On the 4th (local time), the Indonesian Minister of Communications announced that Nvidia and Indosat planned to build a $200 million AI center in Central Java, Indonesia, by 2024. Indonesian Minister of Communication and Information Technology Budi […]
U.S. Insurers Flag 'U.S. Economic Recession' as Top Investment Risk This YearPhoto=Newsis Major U.S. insurers ‘ top investment and finance executives have pinpointed ‘U.S. economic slowdown and recession’ as a macroeconomic risk that could impact investment portfolios this year. Goldman Sachs Asset Management disclosed the results of a survey conducted among 359 Chief Investment Officers (CIOs) and Chief Financial Officers (CFOs) of U.S. insurance companies on […]
Goldman Sachs Predicts $32 Billion Stock Sell-Off by US Pension FundsGlobal investment bank Goldman Sachs has projected a massive stock sell-off by U.S. pension funds, interpreted as a portfolio readjustment. Analysts from Goldman Sachs’ FICC (Fixed Income, Currency, and Commodities) and Equity team stated on the 31st (local time) through an investment note that “We expect pension funds to sell off stocks worth $32 billion […]
JP Morgan: Bitcoin Outshines Gold as Top Investment ChoiceJP Morgan has rated Bitcoin’s investment value higher than gold’s. The Bitcoin spot ETF market is projected to grow to $220 billion in 2-3 years. On the 25th, JP Morgan stated in an investment report, “Bitcoin is taking up a larger share in investors’ portfolios than gold. When adjusting for volatility factors, the preference for […]
China's Electric Vehicle Boom Fuels Investment Interest in Battery SectorDespite global economic uncertainties, the rapid expansion of the electric vehicle market, government incentives, environmental regulations, and increased consumer preference for clean transportation continue to make the Chinese battery sector attractive to investors, argued Shijia Yan, an energy storage analyst at BloombergNEF. He emphasized that China’s battery industry, powered by the country’s robust demand for […]
Short-Seller Targets SoundHound AI, Calls It 'NVIDIA's Favorite' in Scathing ReportThe U.S. activist short-seller investor Capybara Research has set its sights on SoundHound AI. This voice recognition AI company has attracted attention with its investment from the American semiconductor company NVIDIA. On the 22nd, Capybara stated in a short-selling report on SoundHound, “This company is a failed company that spreads lies and deceit. They don’t […]
Saudi Arabia Unleashes $40 Billion Blitz in Global AI RaceSaudi Arabia plans to invest approximately $40 billion in the artificial intelligence (AI) industry. Major governments worldwide are racing to increase their investments to gain an edge in AI supremacy. According to the New York Times and other sources, on the 20th, Saudi Arabia plans to establish a $40 billion fund to invest in AI. […]
Google's Gemini AI Engine May Soon Power Features on Apple's iPhone, Sources SayApple is in talks to integrate Google’s Gemini into the iPhone. Bloomberg reported on Monday, citing a source, that Apple is in discussions to incorporate Google’s Gemini AI engine into the iPhone, according to a report on the 18th. According to the source, the negotiations involve a Gemini license for some new features to be […]
Warren Buffett's Latest Gamble: $6.7 Billion Invested in Insurance Giant Berkshire Hathaway has been secretly buying stocks of the casualty insurance company Chubb since the third quarter...
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...
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 […]
Hungary Welcomes China's Investment: A Strategic Move Amid EU's Resistance Chinese President Xi Jinping (left) and Hungarian Prime Minister Viktor Orban. Photo: Xinhua/Yonhap ...
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 […]
MicroStrategy Buys More Bitcoin Despite Crypto Turmoil MicroStrategy, the big player in Bitcoin, has recently purchased more despite the turmoil in the cryptocurrency market, reinforcing its bullish outlook on Bitcoin. Michael Saylor, the executive chairman of MicroStrategy, announced on the 30th that the company invested $7.8 million this month alone, purchasing an additional 122 units of Bitcoin. With this purchase, MicroStrategy now […]
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 […]
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 […]
Apple's Big Move: $250 Million Investment in Singapore Tim Cook, currently touring Southeast Asia, also plans to invest in Singapore. According to an Apple statement on the 18th (local time), the company plans to invest more than $250 million to expand its local campus and operations in Ang Mo Kio, Singapore. Tim Cook, CEO of Apple, said, “Singapore is truly a unique place, […]
SK Group Chairman Delivers on Investment Promise to President Biden Chairman Chey Tae Won of SK Group emphasized that he kept his investment promise with U.S. President Joe Biden by establishing SK Hynix’s advanced packaging facilities. On the 17th, Chey posted on his LinkedIn, “SK Hynix announced on the 3rd that it will build an advanced packaging (post-processing) facility for HBM (High Bandwidth Memory) DRAM, […]
China Surges Ahead as Saudi Arabia's Top Greenfield Investor China emerges as the largest greenfield investor China emerged as Saudi Arabia’s largest greenfield investment country last year. This signifies a deepening relationship between the two nations. According to the Institute for International Economic Policy, on the 10th, China invested $16.8 billion in Saudi Arabia last year, securing its position as a major greenfield foreign […]
Nvidia and PT Indosat Invest $200M in Building AI Center in Indonesia Nvidia is investing in the development of AI in Indonesia in collaboration with Indonesian telecom company PT Indosat. On the 4th (local time), the Indonesian Minister of Communications announced that Nvidia and Indosat planned to build a $200 million AI center in Central Java, Indonesia, by 2024. Indonesian Minister of Communication and Information Technology Budi […]
U.S. Insurers Flag 'U.S. Economic Recession' as Top Investment Risk This Year Photo=Newsis Major U.S. insurers ‘ top investment and finance executives have pinpointed ‘U.S. economic slowdown and recession’ as a macroeconomic risk that could impact investment portfolios this year. Goldman Sachs Asset Management disclosed the results of a survey conducted among 359 Chief Investment Officers (CIOs) and Chief Financial Officers (CFOs) of U.S. insurance companies on […]
Goldman Sachs Predicts $32 Billion Stock Sell-Off by US Pension Funds Global investment bank Goldman Sachs has projected a massive stock sell-off by U.S. pension funds, interpreted as a portfolio readjustment. Analysts from Goldman Sachs’ FICC (Fixed Income, Currency, and Commodities) and Equity team stated on the 31st (local time) through an investment note that “We expect pension funds to sell off stocks worth $32 billion […]
JP Morgan: Bitcoin Outshines Gold as Top Investment Choice JP Morgan has rated Bitcoin’s investment value higher than gold’s. The Bitcoin spot ETF market is projected to grow to $220 billion in 2-3 years. On the 25th, JP Morgan stated in an investment report, “Bitcoin is taking up a larger share in investors’ portfolios than gold. When adjusting for volatility factors, the preference for […]
China's Electric Vehicle Boom Fuels Investment Interest in Battery Sector Despite global economic uncertainties, the rapid expansion of the electric vehicle market, government incentives, environmental regulations, and increased consumer preference for clean transportation continue to make the Chinese battery sector attractive to investors, argued Shijia Yan, an energy storage analyst at BloombergNEF. He emphasized that China’s battery industry, powered by the country’s robust demand for […]
Short-Seller Targets SoundHound AI, Calls It 'NVIDIA's Favorite' in Scathing Report The U.S. activist short-seller investor Capybara Research has set its sights on SoundHound AI. This voice recognition AI company has attracted attention with its investment from the American semiconductor company NVIDIA. On the 22nd, Capybara stated in a short-selling report on SoundHound, “This company is a failed company that spreads lies and deceit. They don’t […]
Saudi Arabia Unleashes $40 Billion Blitz in Global AI Race Saudi Arabia plans to invest approximately $40 billion in the artificial intelligence (AI) industry. Major governments worldwide are racing to increase their investments to gain an edge in AI supremacy. According to the New York Times and other sources, on the 20th, Saudi Arabia plans to establish a $40 billion fund to invest in AI. […]
Google's Gemini AI Engine May Soon Power Features on Apple's iPhone, Sources Say Apple is in talks to integrate Google’s Gemini into the iPhone. Bloomberg reported on Monday, citing a source, that Apple is in discussions to incorporate Google’s Gemini AI engine into the iPhone, according to a report on the 18th. According to the source, the negotiations involve a Gemini license for some new features to be […]
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