Adani Group: Plans to Build World's Largest Copper Factory in India [TheGuru=Eung-Yong Jung] India's largest conglomerate, the Adani Group, is building the world's largest copper plant. It is expected to reduce India's dependence on copper imports and contribute to the country's energy transition goals...
China Sustains Electric Vehicle Sales Growth Even in January In China, sales of electric vehicles have continued to grow this year. Deliveries increased in January, a month when demand is typically low, and the first quarter is usually characterized by weak sales in January and February, especially during the Chinese New Year....
Chinese Investors Go Big on U.S. Stocks – NASDAQ ETFs Surge 20% Amid the U.S. stock market consistently hitting record highs, Chinese investors are showing a heated interest in the U.S. stock market and NASDAQ ETFs (Exchange Traded Funds) listed on the Chinese stock market, with investment premiums reaching up to the maximum of 20%. On the 5th, Chinese economic media Xinlang Caijing reported, “The recent enthusiasm […]
China Predicts Global Electric Vehicle Sales to Reach 20 Million Units in 2024 China EV100, a think tank for the Chinese electric vehicle industry, has predicted that global electric vehicle sales will exceed 20 million units in 2024...
82.4% of South Korean Employees Receive Pay Raises as 'Notifications,' Not 'Negotiations' [iNews24 reporter Kim Dong-hyun] More than 8 out of 10 workers received their annual salary as a 'notification' rather than a 'negotiation'...
Chinese Regulators Clamp Down on Trading Amid Stock Market Decline Some brokerages impose cap on cross-border TRS trading Some quant hedge funds ban sell orders altogether Investors complain↑...spurred by announcement of stock market stabilization fund Chinese financial authorities are tightening trading restrictions on domestic and foreign institutional investors as part of measures to stem a stock market slide, according to people familiar with the matter.
China Pours $161 Billion into Clean Energy – A Solar and Wind Power Revolution [TheGuru=Sunghwan Hong] China's investment in renewable energy, including solar and wind power, reached 190 trillion won last year, according to a new report...
Why Warren Buffett Loves Low-Cost S&P 500 ETFs: The Inside Scoop The Motley Fool, a leading U.S. investment publication, quoted investment guru Warren Buffett as saying why you should invest in a low-cost S&P 500 Index ETF...
CEO Mark Zuckerberg Surpasses Microsoft Founder Bill Gates to Become the 4th Wealthiest Person Facebook CEO Mark Zuckerberg's net worth soared as Facebook parent company MetaPlatform's stock price rose. Meta shares rose 20.32 percent to close at about 635,774 won, giving the company a market capitalization of 267 trillion won...
Bezos vs. Musk: Amazon CEO's Share Sell-Off Sparks Race for Richest Person At current prices, Musk would be worth $12 trillion if he disposed of his stake Amazon and Tesla stocks share the same rarefied air Jeff Bezos, the founder of Amazon, plans to sell 50 million shares of Amazon stock within a year...
1,500 Animals Reportedly Killed in Elon Musk's Neuralink Lab Pager, a 9-year-old monkey with a computer chip implanted in his brain, plays a game of Pong. The video, released in April 2021, shows the monkey moving objects in the game without a joystick, using only brainwave movements. The monitor in the bottom left shows the monkey's brainwave activity...
Elon Musk Accused of Hosting a Drug Party Tesla CEO Elon Musk is accused of taking drugs. Former and current directors claim they were forced to take drugs under pressure from Musk, and did not disclose the allegations to ease his burden.
Security Concerns Drive U.S. Debate on Regulating Chinese Electric Cars The U.S. government has hinted at possible regulations on Chinese-made electric vehicles, citing 'security risks'. After the European Union (EU) investigated subsidies for Chinese electric vehicles last year, the U.S. is also moving to regulate Chinese electric vehicles...
Elderlies Taking Over the Market CEOs Older Than Biden Corporate stocks underperform S&P500 Investors 55 and older,.
Metaverse Menace: The Alarming Surge in Virtual World Harassment Interpol and U.S. police begin to recognize the risks "Criminalize" vs. "Lack of research and caution" Reports of attacks, harassment, and sexual assault in the metaverse are on the rise. Some are arguing that these incidents should be considered serious crimes...
Apple, P&G, and More: Global Brands Bet on China's Comeback Apple, despite 13% plunge in Greater China sales..."Very optimistic about China" P&G "China poised to add about 200 million middle-class consumers" Increased competition from local players - China's economic slowdown is a risk factor Apple and Procter & Gamble (P&G),.
Nvidia Takes on Huawei in AI Semiconductor Market with Budget-Friendly Chips for China Nvidia is reportedly selling new AI semiconductors to China at low prices. The semiconductors are expected to have weaker features than Huawei's products, but at a lower price. Nvidia has reportedly started taking pre-orders in the Chinese market.
Strong iPhone Sales Drive Apple's Q4 Earnings, China Market Declines [iNews24 Yongsam Kwon] In last year’s last quarter, Apple beat market estimates, ending a five-quarter run of negative growth. However, the “iPhone ban” and other reasons caused its sales in China, a crucial market, to drop dramatically. Apple announced on the 1st (local time) that it recorded $119.58 billion in sales and $2.18 in net […]
Kia Dominates Last Month's Sales Charts as the Best-Selling Car Kia sold a total of 249,940 vehicles in the global market in January. The best-selling car was the Sportage with 45,905 units, followed by the Sorento and Seltos. In Korea, the Sorento was the top seller with 9284 units...
Hyundai India Achieves Record Domestic Sales in January 2024 [TheGuru=Yoon Jin-woong] Hyundai Motor Company set a fast pace in the Indian market last month. The automaker's efforts to penetrate the domestic market with its overseas strategic small sport utility vehicle (SUV) model, the Creta, resulted in the most sales ever...
Adani Group: Plans to Build World's Largest Copper Factory in India [TheGuru=Eung-Yong Jung] India's largest conglomerate, the Adani Group, is building the world's largest copper plant. It is expected to reduce India's dependence on copper imports and contribute to the country's energy transition goals...
China Sustains Electric Vehicle Sales Growth Even in January In China, sales of electric vehicles have continued to grow this year. Deliveries increased in January, a month when demand is typically low, and the first quarter is usually characterized by weak sales in January and February, especially during the Chinese New Year....
Chinese Investors Go Big on U.S. Stocks – NASDAQ ETFs Surge 20% Amid the U.S. stock market consistently hitting record highs, Chinese investors are showing a heated interest in the U.S. stock market and NASDAQ ETFs (Exchange Traded Funds) listed on the Chinese stock market, with investment premiums reaching up to the maximum of 20%. On the 5th, Chinese economic media Xinlang Caijing reported, “The recent enthusiasm […]
China Predicts Global Electric Vehicle Sales to Reach 20 Million Units in 2024 China EV100, a think tank for the Chinese electric vehicle industry, has predicted that global electric vehicle sales will exceed 20 million units in 2024...
82.4% of South Korean Employees Receive Pay Raises as 'Notifications,' Not 'Negotiations' [iNews24 reporter Kim Dong-hyun] More than 8 out of 10 workers received their annual salary as a 'notification' rather than a 'negotiation'...
Chinese Regulators Clamp Down on Trading Amid Stock Market Decline Some brokerages impose cap on cross-border TRS trading Some quant hedge funds ban sell orders altogether Investors complain↑...spurred by announcement of stock market stabilization fund Chinese financial authorities are tightening trading restrictions on domestic and foreign institutional investors as part of measures to stem a stock market slide, according to people familiar with the matter.
China Pours $161 Billion into Clean Energy – A Solar and Wind Power Revolution [TheGuru=Sunghwan Hong] China's investment in renewable energy, including solar and wind power, reached 190 trillion won last year, according to a new report...
Why Warren Buffett Loves Low-Cost S&P 500 ETFs: The Inside Scoop The Motley Fool, a leading U.S. investment publication, quoted investment guru Warren Buffett as saying why you should invest in a low-cost S&P 500 Index ETF...
CEO Mark Zuckerberg Surpasses Microsoft Founder Bill Gates to Become the 4th Wealthiest Person Facebook CEO Mark Zuckerberg's net worth soared as Facebook parent company MetaPlatform's stock price rose. Meta shares rose 20.32 percent to close at about 635,774 won, giving the company a market capitalization of 267 trillion won...
Bezos vs. Musk: Amazon CEO's Share Sell-Off Sparks Race for Richest Person At current prices, Musk would be worth $12 trillion if he disposed of his stake Amazon and Tesla stocks share the same rarefied air Jeff Bezos, the founder of Amazon, plans to sell 50 million shares of Amazon stock within a year...
1,500 Animals Reportedly Killed in Elon Musk's Neuralink Lab Pager, a 9-year-old monkey with a computer chip implanted in his brain, plays a game of Pong. The video, released in April 2021, shows the monkey moving objects in the game without a joystick, using only brainwave movements. The monitor in the bottom left shows the monkey's brainwave activity...
Elon Musk Accused of Hosting a Drug Party Tesla CEO Elon Musk is accused of taking drugs. Former and current directors claim they were forced to take drugs under pressure from Musk, and did not disclose the allegations to ease his burden.
Security Concerns Drive U.S. Debate on Regulating Chinese Electric Cars The U.S. government has hinted at possible regulations on Chinese-made electric vehicles, citing 'security risks'. After the European Union (EU) investigated subsidies for Chinese electric vehicles last year, the U.S. is also moving to regulate Chinese electric vehicles...
Elderlies Taking Over the Market CEOs Older Than Biden Corporate stocks underperform S&P500 Investors 55 and older,.
Metaverse Menace: The Alarming Surge in Virtual World Harassment Interpol and U.S. police begin to recognize the risks "Criminalize" vs. "Lack of research and caution" Reports of attacks, harassment, and sexual assault in the metaverse are on the rise. Some are arguing that these incidents should be considered serious crimes...
Apple, P&G, and More: Global Brands Bet on China's Comeback Apple, despite 13% plunge in Greater China sales..."Very optimistic about China" P&G "China poised to add about 200 million middle-class consumers" Increased competition from local players - China's economic slowdown is a risk factor Apple and Procter & Gamble (P&G),.
Nvidia Takes on Huawei in AI Semiconductor Market with Budget-Friendly Chips for China Nvidia is reportedly selling new AI semiconductors to China at low prices. The semiconductors are expected to have weaker features than Huawei's products, but at a lower price. Nvidia has reportedly started taking pre-orders in the Chinese market.
Strong iPhone Sales Drive Apple's Q4 Earnings, China Market Declines [iNews24 Yongsam Kwon] In last year’s last quarter, Apple beat market estimates, ending a five-quarter run of negative growth. However, the “iPhone ban” and other reasons caused its sales in China, a crucial market, to drop dramatically. Apple announced on the 1st (local time) that it recorded $119.58 billion in sales and $2.18 in net […]
Kia Dominates Last Month's Sales Charts as the Best-Selling Car Kia sold a total of 249,940 vehicles in the global market in January. The best-selling car was the Sportage with 45,905 units, followed by the Sorento and Seltos. In Korea, the Sorento was the top seller with 9284 units...
Hyundai India Achieves Record Domestic Sales in January 2024 [TheGuru=Yoon Jin-woong] Hyundai Motor Company set a fast pace in the Indian market last month. The automaker's efforts to penetrate the domestic market with its overseas strategic small sport utility vehicle (SUV) model, the Creta, resulted in the most sales ever...
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