Cathie Wood Sells Shares in Nvidia and TSMC, Reducing Exposure to AI Semiconductor Boom Cathie Wood, CEO of Ark Invest /AFPBBNews=News1 Cathie Wood, CEO of Ark Invest, has sold her shares in Taiwan Semiconductor Manufacturing Company (TSMC) for the first time in over two years. As Nvidia is a key client of TSMC, this move shows that Wood has been consistently reducing her exposure to Nvidia, leading the “AI […]
Moderna's Q4 Results Exceed Expectations, Boosted by Deferred Revenue and Prospects of RSV Vaccine Approval Moderna (MRNA) has released its fourth quarter reports for last year, exceeding market expectations. Moderna’s fourth quarter revenue was $2.81 billion, a 44.7% decrease compared to the previous year, and the adjusted earnings per share (EPS) was $0.55, an 84.8% decrease from the last year. Despite these, the company successfully did a turnaround against the […]
Hong Kong ELS Investors Hit with $751 Million in Losses, Banks Pocket $140 Million in Commissions As the losses of customers who invested in ELS linked to the Hong Kong H-Index are expected to exceed $751 million soon, it has been revealed that these banks have earned about $140 million in commissions from H-Index-based ELS commodities. According to the financial sector, on the 26th, the total amount of H-Index-based ELS commodities […]
Moody's: Cyberattack on UnitedHealth Group (UNH.N) Raises Credit Concerns The recent hacking of the American healthcare services company UnitedHealth Group appears to hurt its credit. Credit rating agency Moody’s assessed on the 24th (local time) that the recently reported hacking on UnitedHealth Group damages the company’s credit. Moody’s stated that the cyber security attack on Change Healthcare, a technology division of UnitedHealth Group that […]
AT&T Issues Service Credit for Users Affected by Power Outage AT&T will refund a day’s communication service to customers affected by a power outage on Thursday. Reuters reported on the 25th (local time) that AT&T will refund a day’s service to over 70,000 users affected by a power outage lasting more than 10 hours at the airline last Thursday. AT&T’s 5G network service, which targeted […]
Samsung C&T Plans to Build Massive Solar Power Plant in Indiana, USA Samsung C&T Corporation is building a massive solar power plant in Indiana, USA. They are tightening the reins on expanding solar development projects, which they have pinpointed as a future growth engine. They are in full swing to leap forward as a global eco-friendly energy company. According to a report submitted to the Bartholomew County […]
Shanghai Nickel Surges to Three-Month High Amid U.S. Sanctions on Russia Nickel in the Shanghai Futures Exchange has reached its highest level in three months. This is due to the expansion of U.S. sanctions against Russia and growing concerns over supply in Indonesia. According to the Shanghai Futures Exchange (SHFE) on the 26th, the price of nickel in March closed at 135,220 yuan ($18,784.74) per ton […]
Mark Zuckerberg's Visit to South Korea Sparks Discussions on AI and XR Collaboration with LG Electronics Potential Discussions on AI and XR CollaborationPossibility of Meeting with Samsung Electronics Chairman Lee Jae Yong Mark Zuckerberg, CEO of Meta, who plans to visit Korea at the end of this month, will likely meet with William Cho, LG’s chief strategy officer. According to Yonhap News, on the 25th, the two parties discussed that Zuckerberg […]
US Stock Market Declines as Investors Await Release of January PCE The New York stock market fell this week as it awaits the release of January’s Personal Consumption Expenditures (PCE). This inflation indicator is a Federal Reserve (Fed) policy benchmark. The rise in US Treasury yields put pressure on the stock market. On the 26th (local time), the Dow Jones 30 Industrial Average traded down 62.30 […]
Boeing, SAAB, and IAI Compete in Three-Way Race for South Korea's AEW&C Aircraft Project The bidding race for the “Command Center in the Sky” Airborne Early Warning & Control (AEW&C) aircraft, which our military is introducing to monitor and analyze North Korean aerial threats, is warming up. This bidding race is expected to be a three-way race between Boeing, the largest aircraft manufacturer in the United States, SAAB, a […]
BYD Targets Sales of 4 Million Units in 2024, Driven by Low-Cost Models China's BYD will have a production capacity of 4.2 million units in 2024 and a sales target of 4 million units, 30% higher than in 2023, China Daily reported on February 26, 2024...
US Congress Targets Chinese E-Commerce Giant Temu Over Forced Labor Allegations Chinese e-commerce platform Temu has become a controversial topic in the U.S. political arena over the issue of forced labor. Temu's sales events are garnering increasing attention, and some lawmakers are calling for the company to be regulated...
Critics Blame President Xi Jinping's Control Obsession for Struggles in Chinese Stock Market China and Hong Kong stock markets leak $1.5 trillion in January aloneXi Jinping’s obsession with control is the biggest problem, critics sayThe outlook suggests the potential for a rebound similar to JapanGoldman Sachs: “Active fiscal easing and economic adjustment to consumption are necessary” It’s not just the Chinese economy standing at a crossroads. The Chinese […]
Gas Prices Drop: Are Internal Combustion Vehicles Cheaper to Fuel than EVs? In the United States, lower gasoline prices have led to lower fuel costs for battery electric vehicles, according to a new study. A study by consulting firm Andersen Economic Group found that the average fuel cost for entry-level gasoline cars is 9 cents per 100 miles...
Buffett Boost: Japan's Big Five Trading Companies Soar on Berkshire's Praise Praises Japan’s big five trading companies in his annual letter Warren Buffett has once again energized the Japanese stock market. According to Bloomberg on the 26th (local time), Buffett, the chairman of Berkshire Hathaway, praised the five major Japanese trading companies (Itochu, Marubeni, Mitsubishi, Mitsui, Sumitomo) at length in his annual letter to shareholders on […]
HYBE Hits Record Sales of $1.5 Billion, BTS Not Primary Contributor The group NewJeans, who belongs to the label ADOR of HYBE, is taking photos at the 2024 F/W Seoul Fashion Week held at Dongdaemun Design Plaza in Jung-gu, Seoul, on February 1st. Yonhap News HYBE (352820), which gained attention as the agency of BTS, broke the 2 trillion won ($1.5 billion) consolidated annual sales barrier […]
Mercedes Delays Electrification Goals To 2030, Commits to Combustion Engines Mercedes has confirmed that they are delaying their electrification goal by 2030 and will continue offering internal combustion engine (ICE) vehicles, according to Reuters. In particular, the automaker expects sales of electrified vehicles, including hybrids, to account for up to 50% of the total by 2030. Previously, Mercedes had committed to achieving full electrification by […]
Samsung's Galaxy AI Sets New Standards: What to Expect from the S24 Series The competition for AI phones is growing, led by Samsung Electronics' Galaxy S24, and Chinese manufacturers and Apple are also entering the market. The AI phone market is expected to drive innovation in ICT and provide direct benefits of AI technology to consumers...
Apple's Next Move: Smart Ring and Glasses to Shake Up Wearable Tech Market Apple is reportedly considering the development of wearable devices, including smart glasses and smart strings. Apple is doing this with the intention of increasing sales in the wearables sector and strengthening its own ecosystem...
Jeep Accelerates Electric Vehicle Plans: Wagoneer S Coming to U.S. Market in Q2 Jeep plans to launch its first battery electric vehicle, the Wagoneer S (pictured above), for the U.S. market as early as the second quarter. It was initially planned to be launched at the end of this year. This is what Jeep CEO Antonio Filosa revealed to local U.S. media. Next, the automaker plans to launch […]
Cathie Wood Sells Shares in Nvidia and TSMC, Reducing Exposure to AI Semiconductor Boom Cathie Wood, CEO of Ark Invest /AFPBBNews=News1 Cathie Wood, CEO of Ark Invest, has sold her shares in Taiwan Semiconductor Manufacturing Company (TSMC) for the first time in over two years. As Nvidia is a key client of TSMC, this move shows that Wood has been consistently reducing her exposure to Nvidia, leading the “AI […]
Moderna's Q4 Results Exceed Expectations, Boosted by Deferred Revenue and Prospects of RSV Vaccine Approval Moderna (MRNA) has released its fourth quarter reports for last year, exceeding market expectations. Moderna’s fourth quarter revenue was $2.81 billion, a 44.7% decrease compared to the previous year, and the adjusted earnings per share (EPS) was $0.55, an 84.8% decrease from the last year. Despite these, the company successfully did a turnaround against the […]
Hong Kong ELS Investors Hit with $751 Million in Losses, Banks Pocket $140 Million in Commissions As the losses of customers who invested in ELS linked to the Hong Kong H-Index are expected to exceed $751 million soon, it has been revealed that these banks have earned about $140 million in commissions from H-Index-based ELS commodities. According to the financial sector, on the 26th, the total amount of H-Index-based ELS commodities […]
Moody's: Cyberattack on UnitedHealth Group (UNH.N) Raises Credit Concerns The recent hacking of the American healthcare services company UnitedHealth Group appears to hurt its credit. Credit rating agency Moody’s assessed on the 24th (local time) that the recently reported hacking on UnitedHealth Group damages the company’s credit. Moody’s stated that the cyber security attack on Change Healthcare, a technology division of UnitedHealth Group that […]
AT&T Issues Service Credit for Users Affected by Power Outage AT&T will refund a day’s communication service to customers affected by a power outage on Thursday. Reuters reported on the 25th (local time) that AT&T will refund a day’s service to over 70,000 users affected by a power outage lasting more than 10 hours at the airline last Thursday. AT&T’s 5G network service, which targeted […]
Samsung C&T Plans to Build Massive Solar Power Plant in Indiana, USA Samsung C&T Corporation is building a massive solar power plant in Indiana, USA. They are tightening the reins on expanding solar development projects, which they have pinpointed as a future growth engine. They are in full swing to leap forward as a global eco-friendly energy company. According to a report submitted to the Bartholomew County […]
Shanghai Nickel Surges to Three-Month High Amid U.S. Sanctions on Russia Nickel in the Shanghai Futures Exchange has reached its highest level in three months. This is due to the expansion of U.S. sanctions against Russia and growing concerns over supply in Indonesia. According to the Shanghai Futures Exchange (SHFE) on the 26th, the price of nickel in March closed at 135,220 yuan ($18,784.74) per ton […]
Mark Zuckerberg's Visit to South Korea Sparks Discussions on AI and XR Collaboration with LG Electronics Potential Discussions on AI and XR CollaborationPossibility of Meeting with Samsung Electronics Chairman Lee Jae Yong Mark Zuckerberg, CEO of Meta, who plans to visit Korea at the end of this month, will likely meet with William Cho, LG’s chief strategy officer. According to Yonhap News, on the 25th, the two parties discussed that Zuckerberg […]
US Stock Market Declines as Investors Await Release of January PCE The New York stock market fell this week as it awaits the release of January’s Personal Consumption Expenditures (PCE). This inflation indicator is a Federal Reserve (Fed) policy benchmark. The rise in US Treasury yields put pressure on the stock market. On the 26th (local time), the Dow Jones 30 Industrial Average traded down 62.30 […]
Boeing, SAAB, and IAI Compete in Three-Way Race for South Korea's AEW&C Aircraft Project The bidding race for the “Command Center in the Sky” Airborne Early Warning & Control (AEW&C) aircraft, which our military is introducing to monitor and analyze North Korean aerial threats, is warming up. This bidding race is expected to be a three-way race between Boeing, the largest aircraft manufacturer in the United States, SAAB, a […]
BYD Targets Sales of 4 Million Units in 2024, Driven by Low-Cost Models China's BYD will have a production capacity of 4.2 million units in 2024 and a sales target of 4 million units, 30% higher than in 2023, China Daily reported on February 26, 2024...
US Congress Targets Chinese E-Commerce Giant Temu Over Forced Labor Allegations Chinese e-commerce platform Temu has become a controversial topic in the U.S. political arena over the issue of forced labor. Temu's sales events are garnering increasing attention, and some lawmakers are calling for the company to be regulated...
Critics Blame President Xi Jinping's Control Obsession for Struggles in Chinese Stock Market China and Hong Kong stock markets leak $1.5 trillion in January aloneXi Jinping’s obsession with control is the biggest problem, critics sayThe outlook suggests the potential for a rebound similar to JapanGoldman Sachs: “Active fiscal easing and economic adjustment to consumption are necessary” It’s not just the Chinese economy standing at a crossroads. The Chinese […]
Gas Prices Drop: Are Internal Combustion Vehicles Cheaper to Fuel than EVs? In the United States, lower gasoline prices have led to lower fuel costs for battery electric vehicles, according to a new study. A study by consulting firm Andersen Economic Group found that the average fuel cost for entry-level gasoline cars is 9 cents per 100 miles...
Buffett Boost: Japan's Big Five Trading Companies Soar on Berkshire's Praise Praises Japan’s big five trading companies in his annual letter Warren Buffett has once again energized the Japanese stock market. According to Bloomberg on the 26th (local time), Buffett, the chairman of Berkshire Hathaway, praised the five major Japanese trading companies (Itochu, Marubeni, Mitsubishi, Mitsui, Sumitomo) at length in his annual letter to shareholders on […]
HYBE Hits Record Sales of $1.5 Billion, BTS Not Primary Contributor The group NewJeans, who belongs to the label ADOR of HYBE, is taking photos at the 2024 F/W Seoul Fashion Week held at Dongdaemun Design Plaza in Jung-gu, Seoul, on February 1st. Yonhap News HYBE (352820), which gained attention as the agency of BTS, broke the 2 trillion won ($1.5 billion) consolidated annual sales barrier […]
Mercedes Delays Electrification Goals To 2030, Commits to Combustion Engines Mercedes has confirmed that they are delaying their electrification goal by 2030 and will continue offering internal combustion engine (ICE) vehicles, according to Reuters. In particular, the automaker expects sales of electrified vehicles, including hybrids, to account for up to 50% of the total by 2030. Previously, Mercedes had committed to achieving full electrification by […]
Samsung's Galaxy AI Sets New Standards: What to Expect from the S24 Series The competition for AI phones is growing, led by Samsung Electronics' Galaxy S24, and Chinese manufacturers and Apple are also entering the market. The AI phone market is expected to drive innovation in ICT and provide direct benefits of AI technology to consumers...
Apple's Next Move: Smart Ring and Glasses to Shake Up Wearable Tech Market Apple is reportedly considering the development of wearable devices, including smart glasses and smart strings. Apple is doing this with the intention of increasing sales in the wearables sector and strengthening its own ecosystem...
Jeep Accelerates Electric Vehicle Plans: Wagoneer S Coming to U.S. Market in Q2 Jeep plans to launch its first battery electric vehicle, the Wagoneer S (pictured above), for the U.S. market as early as the second quarter. It was initially planned to be launched at the end of this year. This is what Jeep CEO Antonio Filosa revealed to local U.S. media. Next, the automaker plans to launch […]
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