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BUSINESS

  • UAW Accuses Hyundai, Honda, and Volkswagen of Unfair Labor Practices UAW alleges labor law violations by Hyundai, Honda, and Volkswagen, launching a campaign for workers' rights.
  • U.S. Calls for Stronger Measures on Advanced Semiconductor Supply to China's Huawei U.S. Commerce Secretary Gina Raimondo expresses deep concern over Huawei's smartphone launch and hints at new investigations.
  • Wall Street Cuts Back on China Investments Amid Recession and Xi Jinping Regime Fears Wall Street reduces China investments due to real estate woes, economic concerns, and political uncertainty under President Xi Jinping.
  • U.S. Auto Workers Union Targets Hyundai, Tesla, and Others for Unionization UAW targets Hyundai, Tesla, and others for unionization, emphasizing benefits; thousands already joined, aiming for formal announcement.
  • China's Real Estate Challenges for Next 4-6 Years, Oxford Economics Warns China may need 4 to 6 years to resolve its real estate crisis, says economist Louis Lu, citing oversupply issues and slow demand recovery.
  • US Job Market Chill: Workers Less Eager to Jump Ship Amidst Uncertainty The Great Resignation in the U.S. slows as job confidence declines. The voluntary resignation rate remains at 2.3%.
  • China Accuses Moody's of Bias: 'No Need to Worry, Economic Growth Remains Strong' Moody's shifts China's credit outlook to "negative," but Chinese officials remain optimistic about ongoing economic recovery.
  • Biden Praises CS Wind for Boosting Jobs: 'They’re Changing America' Biden praises CS Wind, a Korean wind tower manufacturer, for contributing to clean energy and boosting American jobs.
  • 'Musk X' in crisis...bankruptcy fears emerge amid string of ad breaks. Musk X (formerly Twitter), the social media platform led by Tesla CEO Elon Musk, may go bankrupt, according to an analysis. This is because global giants have stopped advertising on X since Musk took over last year.
  • U.S. Policy Boosts Production and Jobs, Positive Impact on Korea? U.S. industrial policy boosts South Korean economy, fostering market entry and exports for manufacturing companies.
  • Big Trouble for Chinese Battery Makers: US Cuts Off EV Subsidy Lifeline Biden Administration to unveil guidelines barring Chinese EV firms from U.S. subsidies under Inflation Reduction Act.
  • US Targets Sinbad for Helping North Korean Crypto Laundering The U.S. sanctions Sinbad for aiding in the laundering of cryptocurrency by the North Korean-backed hacking group Lazarus.
  • NVIDIA's CEO Says U.S. Can't Shake Off China's Chip Chain in 10 Years NVIDIA CEO warns of decade-long challenges in U.S. semiconductor decoupling from China for national security.
  • South Korea's Risky Road Ahead with Trump's Re-Election Looming South Korea's 2024 economic risks: U.S. recession, Trump re-election, China's issues. Need diversification and strategic planning.
  • Comerica, Zions, First Horizon: Potential Acquisition Targets for Large U.S. Banks Amid profitability challenges, Comerica, Zions, and First Horizon, regional U.S. banks, may become acquisition targets for larger banks.
  • Amazon Overtakes UPS and FedEx to Lead U.S. Private Logistics Market Amazon now leads the U.S. private logistics market, with 5.2 billion shipments in 2022, surpassing UPS and FedEx.
  • Investment Growth in 2024: Goldman Sachs Highlights Private Equity, AI, Software, and Healthcare Goldman Sachs Asset Management predicts 2024 will see private equity growth, private credit focus, and disruptive tech rise.
  • Is the 'American Dream' a Thing of the Past? Survey Reveals Doubts Only 36% of Americans still believe in the "American Dream," a significant decline from 53% in 2012, according to a survey.
  • Hyundai Chairman Receives Top Automotive Industry Leader Award Euisun Chung, Chairman of Hyundai Motor Group, named Automotive Industry Leader of the Year for his innovative leadership.
  • Americans Go Wild with $9.8 Billion Online Shopping Spree on Black Friday U.S. Black Friday online sales surge to record levels, marking a positive sign for the retail industry's recovery.
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