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Finance Archives - Page 2 of 2 - Gangnam Times

#finance (37 Posts)

  • Inside LIG Nex1's Success: Chairman Koo's Strategy and Employee Engagement Chairman Koo Bon Sang, Interaction Time with EmployeesApril 5th, Lotte World Full RentalLast Year’s Sales $1.7 Billion LIG Nex1 is garnering attention for renting out Lotte World entirely for its employees. LIG Nex1 has rented out Lotte World, a theme park based in Seoul, to provide a time for interaction among its employees across the […]
  • Bitcoin's Soaring Price Is a Warning Sign For Investors Bitcoin Soars to $68,000Warning from the U.S. Securities and Exchange CommissionWhat to Be Aware of Before Investing? The price of Bitcoin, the leading cryptocurrency, hit a record high of $68,000 at 4:51 PM on the 4th. It was $65,000 last week, but it has jumped significantly. Analysis has poured in that it has broken through […]
  • 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 […]
  • The Motley Fool's Magnificent Seven Reveals February's Must-Buy Stocks [TheGuru=Eung-Yong Jung] U.S. investment publication The Motley Fool has named its top two "Magnificent Seven" (Apple, Microsoft, Google Alphabet, Amazon, Envidia, Meta, Tesla) stocks to buy in February. The list includes Nvidia and Amazon, according to The Motley Fool on Thursday. Nvidia is one of the best-positioned stocks to capitalize on the growth of artificial intelligence (AI), with its stock price surging 239% over the past 12 months. The Mottley Fool believes Nvidia stock remains attractively valued relative to its underlying business growth. Industry experts are raising their annual revenue estimates for the GPU leader over the next few years, even though growth expectations for the company were already very high. The stock's fair valuation remains an attractive buying opportunity, the analysis said. It currently trades at 35 times next year's earnings consensus, which is reasonable given Nvidia's robust growth. In particular, the $1 trillion ($133.5 trillion) data center infrastructure will drive Nvidia's growth. Nvidia generates $32 billion in trailing revenue from the data center segment and has about 80% market share in the AI chip market, which should provide more growth and returns for investors. "Amazon is a very solid company that generates returns to shareholders through multiple revenue streams, including cloud services, advertising, and online retail sales," The Motley Fool said of the company. "While its cloud division, Amazon Web Services, has gotten the most attention from Wall Street, it is the improving growth in e-commerce that is driving the stock higher." The Motley Fool noted Amazon's improving delivery speeds. Last year, Amazon shipped more than 7 billion items on the same or next day, the fastest shipping speeds in its history. The company's focus on speeding up delivery is expected to continue, making it harder for competitors to catch up. Amazon is also focused on strengthening its brand. It launched a new shopping assistant, Rufus, powered by generative AI, to encourage customers to default to Amazon.com instead of Google...
  • Saudi Sovereign Wealth Fund Pledges $70 Billion Annually for Vision 2030 [TheGuru=HongSungHwan Lee] Saudi Arabia's sovereign wealth fund, the Public Investment Fund (PIF), plans to invest KRW 90 trillion annually starting in 2026 to fulfill its Vision 2030. "We plan to increase our annual capital deployment to $70 billion (about 93 trillion won) after 2025," PIF Governor Yasir Osman Alumayan said at the Future Investment Initiative (FII) conference in Miami, U.S., on Nov. 22, according to industry sources. Currently, PIFs invest between $40 billion and $50 billion (about $53 trillion and $67 trillion) annually. The fund invests 70 percent of its funds in Saudi Arabia and 20 to 25 percent abroad. "The share of foreign investments has decreased, but the volume has continued to grow," Alumayan said. "PIFs invested $100 billion (about $133 trillion) in each country between 2017 and 2023, creating more than 103,000 jobs," Alumayan said, emphasizing that "we have made a significant contribution to the U.S. economy." The PIF is the world's sixth-largest sovereign wealth fund with $600 billion in assets under management and is a key source of funding for Vision 2030 reforms. It is chaired by Saudi Arabia's Crown Prince Muhammad bin Salman, the country's de facto ruler. Saudi Arabia is implementing Vision 2030, a mid- to long-term development plan to move away from an oil-centric economy. It is a strategic national evolution plan to reduce the Saudi economy's dependence on oil, diversify its economic structure, and promote healthcare, education, infrastructure, recreation, and tourism. The goal is to expand non-oil exports from 16% in 2016 to 50% in 2030...
  • Saudi Arabia's Cash Reserves Plummet Amid Mega-Projects Push As Saudi Arabia continues to push for mega-projects such as Neom City, it appears that their cash reserves are rapidly dwindling. As a result, they are expanding borrowing to secure funds for their ventures. According to a report by The Wall Street Journal (WSJ) on the 21st, as of September last year, the cash holdings […]
  • Uranium Investment Rebounds: Goldman Sachs and Macquarie Lead the Charge Uranium investment is gaining attention once again. This surge in interest is due to the rising prices of uranium, driven by an increased focus on nuclear energy. Global investment banks such as Goldman Sachs and Macquarie and hedge funds actively invest in uranium. According to industry insiders, on the 21st, Goldman Sachs, Macquarie, and hedge […]
  • Cathie Wood Sells Nvidia Stock, Favors AI Software Over Semiconductor Hardware Cathie Wood continues to reduce her stake in Nvidia, a semiconductor company at the heart of the artificial intelligence (AI) boom, drawing attention. Cathie Wood, CEO of Ark Invest, appeared on the Wall Street Journal (WSJ) podcast on the 18th (local time) and said, “We have been selling Nvidia for a long time,” adding, “We […]
  • Blackstone Brews Up Investment in Drive-Through Coffee Sensation The world’s largest private equity firm, Blackstone, has invested in the drive-thru coffee brand 7 Brew. Blackstone anticipates this investment to accelerate 7 Brew’s business expansion. Blackstone announced on the 14th (local time) that Blackstone Growth and its affiliated funds have made a growth equity investment in 7 Brew, but the exact size of the […]
  • Bitcoin Tops $50,000 for First Time in Over 2 Years on Spot ETF Impact The price of Bitcoin has surpassed $50,000 for the first time in 26 months. This results from the ongoing purchase trend that followed the approval of the Bitcoin exchange-traded fund (ETF). According to the global coin market relay site CoinMarketCap, on the 13th, Bitcoin was traded at $51,176 each as of 6 a.m., recording a […]
  • Mexico's Fintech Boom: A Billion-Dollar Industry Set to Skyrocket The fintech industry in Mexico is growing rapidly. As the nation passed the first fintech regulations in Latin America, the overall industry conditions have improved, and consumer interest in fintech is also increasing. Consequently, the potential for future growth is considered limitless. According to global market research institution Statista, as of 2022, Mexico’s fintech transactions […]
  • Big Bucks for Middle East Tech: Saudi-China Venture Fund Hits $1.1 Billion Mark Chinese VC MSA Capital Plans to Raise 1.3 Trillion FundsSaudi Arabia – China Expand Economic Cooperation A Chinese venture capital (VC) firm, backed by the Saudi Arabian Wealth Fund, is set to create a venture fund with a capital of about $1.1 billion to invest in Middle Eastern startups. This is expected to be the […]
  • NVIDIA Stock Surges 44%: Should You Invest Now? Artificial intelligence (AI) semiconductor giant Nvidia's stock price is soaring. On the New York Stock Exchange, Nvidia's stock price closed at $693.32, up 4.79% from the previous trading day.
  • 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...
  • North Korean-Linked Hackers on a Rampage: 20 Cyberattacks in 2023, $1 Billion Looted North Korea-linked hackers were involved in 20 hacking incidents last year, the most ever, but.
  • Warren Buffett's Top 3 Super Stocks for January: Apple, OXY, and MasterCard The Motley Fool recommends three Warren Buffett super stocks for January: Apple, Occidental Petroleum, and MasterCard.
  • Microsoft AI Picks the Winners: 3 Lithium Stocks Set to Soar 300% Microsoft's AI tool Copilot suggests three lithium stocks with potential for a 300% return by 2030: Albemarle, Livent, and Lithium Americas.
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