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BUSINESS

  • 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.
  • China's massive sell-off of US Treasuries.. What is the hidden truth? China's U.S. Treasury holdings plunge to $778.1 billion as of September 14-year low since May 2009 China sells U.S. bonds to counter U.S. de-risking and export controls China sells U.S. bonds to counter U.S. high interest rates to defend exchange rate and prevent foreign capital outflows China is also selling U.S. Treasuries in large quantities.
  • Black Friday in the U.S. is gloomy, consumers don't open their wallets…"I need to discount more". Consumers are not opening their wallets on Black Friday in the U.S. as they have in the past. This year's Black Friday is expected to be weaker than expected for retailers as consumers wait for bigger discounts...
  • U.S.-Eurozone inflation at 2-year low... Is it going to be a brake on austerity? US October Core PCE Inflation 3...
  • 45% of Americans "don't believe in the American Dream...it's a thing of the past." What happened? Americans' distrust of American society is on the rise. Only 36% of Americans believe in the so-called "American Dream" - that anyone can succeed if they work hard enough...
  • Florida court finds Tesla negligent.. What kind of vehicle defect is the problem? A judge in the U.S. Circuit Court for Palm Beach County, South Florida, has ruled in favor of Tesla on November 22, 2023, finding that the company knew its driving assistance system was defective and allowed drivers to use it...
  • Volvo FH Electric Makes History as the 2024 International Truck of the Year Volvo FH Electric named 2024 International Truck of the Year, first electric truck to win; recognized for performance and technology.
  • Electric Vehicle Sales Skyrocket in the U.S., Nearing 1.4 Million Units US electric vehicle sales set to reach record high at 9% of total passenger car sales in 2023, boosted by incentives and price competition.
  • Elon Musk Calls Sweden Tesla Strike 'Insane' Swedish Tesla strike grows, impacting operations; Elon Musk opposes unions, potential delivery disruption.
  • Can Electric Cars Really Save Us? Startling Insights Revealed Electric vehicle sales vary globally, with South Korea lagging behind while Europe and the U.S. see significant growth.
  • Ford Puts EV Plans on Diet: $3.5 Billion Battery Factory in Michigan Shrinks by 40% Ford resumes its Michigan electric car battery factory construction but scales back, citing slower EV demand.
  • OpenAI Employees Pull Off Shocking Coup to Bring Back CEO OpenAI CEO reinstated after employee pressure and threats of mass resignations, showcasing tech industry's talent value.
  • US Court Suggests Tesla Knew About Autopilot Flaws, Stock Price Drops US court allows punitive damages in Tesla Autopilot crash case, suggesting company knowledge of flaws, impacting stock price.
  • Warren Buffett Gives Thanks with $870 Million Donation to Family-Run Foundations Warren Buffett donated $870 million in Berkshire Hathaway stocks to family charitable foundations for Thanksgiving.
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