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☆ South Korea midterms: Opposition wins landslide parliamentary vote in resounding blow to Yoon
▼ + stars: | 2024-04-10 | by ( Heather Chen | Story Reuters | ) edition.cnn.com time to read: +3 min

Seoul, South Korea CNN —South Korea’s liberal opposition parties scored a landslide victory in a parliamentary election held on Wednesday, dealing a resounding blow to President Yoon Suk Yeol and his conservative party but likely falling just short of a super majority. A splinter liberal party considered allied with the DP was expected to take at least 10 seats, projections showed. It marked the highest ever turnout for a parliamentary election, though the numbers were down from the 2022 presidential vote that narrowly brought Yoon to power. Lee Jae-myung, leader of the Democratic Party, watches election results at his district office in Incheon, South Korea, on Thursday, April 11, 2024. “Given his likely lame duck status, the temptation for Yoon will be to focus on foreign policy where he will still have statutory power,” Richey said.

Persons: Yoon Suk Yeol, Yoon Suk, Lee Jae, myung, Lee, Yoon, ”, Kim Keon Hee, SeongJoon Cho, Mason Richey, “, ” Richey Organizations: South Korea CNN, South, Democratic Party, National Election Commission, Dior, People Power Party, Election Commission, NEC, Bloomberg, Getty, Hankuk University of Foreign Studies Locations: Seoul, South Korea, Incheon

☆ These 3 stocks could lead the charge for a 19% surge in the S&P 500 to 6,000 this year, according to a market research firm that counts Wall Street's top banks among its clients
▼ + stars: | 2024-02-13 | by ( William Edwards | ) www.businessinsider.com time to read: +4 min

Read previewThe S&P 500's 22% tear over the last few months may just be getting started, according to Sevens Report Research, a market research firm with clients that include top Wall Street banks like JPMorgan, Morgan Stanley, UBS, and more. On the valuations front, the S&P 500's multiple would only have to rise fairly slightly to lift the index to 6,000. "The S&P 500 is already trading with an elevated forward P/E multiple of over 20X expected 2024 EPS," he said. "If sentiment gets frothy, however, and stocks trade with a multiple pushing 22X, which is far from unheard of as the forward multiple of the S&P 500 hit 21.4 on 1/2/2022, then the S&P 500 could surpass 6,000 in H2'24." Essaye also said small-cap stocks cyclical sectors like big banks, and materials and transportation firms would do well in a soft-landing scenario.

Persons: —, Morgan Stanley, Tyler Richey, Richey, aren't, Louis Fed, Tom Essaye, Essaye, it's Organizations: Service, JPMorgan, UBS, Business, Investor, CNN, Federal Reserve, Nvidia, Amazon Locations: H2'24

☆ Russia-North Korea summit: "Comrades" Putin and Kim send rivals a warning
▼ + stars: | 2023-09-14 | by ( Josh Smith | ) www.reuters.com time to read: +4 min

Discussions of any open violation of U.N. Security Council resolutions on North Korea would signal that major international agencies will be paralysed, said Andrei Lankov, a Korea expert at Seoul's Kookmin University. The summit is an indicator that North Korea-related Security Council resolutions are dead, as are all attempts to stop North Korea or penalise it for having a nuclear program, he said. UKRAINE FACTORLankov also said that Russia may be unlikely to provide North Korea with advanced technology that it could eventually lose control of. If Russia, North Korea and China feel that they are threatened, it makes sense they would seek to support each other through partnerships or even alliances to counter the United States. "It's just difficult for me to imagine that Xi Jinping and Kim Jong Un and Vladimir Putin can trust each other enough for a real long term concerted alliance formation," he said.

Persons: Vladimir Putin, Kim Jong Un, Kim, Putin, Duyeon Kim, Leif, Eric Easley, Andrei Lankov, Lankov, Mason Richey, Jinping, Josh Smith, Angus MacSwan Organizations: Vostochny, North, Korean Central News Agency, KCNA, REUTERS Acquire, Center, New, New American Security, Ewha University, U.S, Seoul's Kookmin University, Hankuk University of Foreign Studies, Thomson Locations: Amur, Russia, SEOUL, Russia's, U.S, Ukraine, North Korea, New American, Washington, Seoul, Tokyo, Northeast Asia, China, South Korea, Korea, UKRAINE, Kyiv, Poland, United States

☆ Analysis: Calls for South Korean nuclear arsenal unlikely to fade despite US deal
▼ + stars: | 2023-04-27 | by ( Josh Smith | ) www.reuters.com time to read: +5 min

"Domestic politics could distort the incentives South Korean leaders face when it comes to limiting their nuclear options over the long run." Nuclear expert Siegfried Hecker warned in January there could be disastrous downsides to Seoul acquiring its own nuclear weapons. The United States once stationed hundreds of tactical nuclear weapons in South Korea and has made other agreements to reassure Seoul. Choi Il, a retired South Korean submarine captain, told Reuters that South Korea's fundamental answer to the growing North Korean threat remains unchanged. "If you strike us with nuclear weapons, then we will strike back with our own."

☆ Daughter of North Korean leader Kim shares spotlight with nuclear missiles
▼ + stars: | 2023-02-09 | by ( Josh Smith | ) www.reuters.com time to read: +3 min

SEOUL, Feb 9 (Reuters) - Sharing drinks, watching missile parades and dining with senior army commanders, North Korean leader Kim Jong Un's daughter was centre stage with her father and mother at major military events this week. A day earlier, Ri and the daughter were once again with Kim as he wined, dined and flattered military commanders at a lavish banquet commemorating this week's army foundation anniversary. [1/3] North Korean leader Kim Jong Un, his wife Ri Sol Ju and their daughter Kim Ju Ae attend a military parade to mark the 75th founding anniversary of North Korea's army, at Kim Il Sung Square in Pyongyang, North Korea February 8, 2023, in this photo released by North Korea's Korean Central News Agency (KCNA). "The North Korean leadership probably has to make the case for why the country has to keep investing in national defence in spite of the deteriorating economic conditions," Lee said. "And no propaganda can be more potent than the leader’s young daughter to convey that message."

☆ Why retailers send your like-new returns to rot in landfills
▼ + stars: | 2023-02-08 | by ( Emma Cosgrove | ) www.businessinsider.com time to read: +7 min

Not all retailers are environmentally focused, "so things end up being thrown away because of the cost," he said. If consumers want to avoid contributing to landfills with their returns, there are a few things to keep in mind. Luxury brands, too, are more likely to trash returns to avoid products ending up in secondary markets and tarnishing the label's value. Retailers are investing more in returns technology, services, and other advanced strategies as returns volumes grow. Consolidation strategies used by Amazon and other major retailers cut down on shipping costs by pooling returns together at stores.

☆ Analysis: North Korea's missile launches show no scarcity of weapons funding, materials despite sanctions
▼ + stars: | 2022-11-08 | by ( Josh Smith | ) www.reuters.com time to read: +4 min

Last week the country fired more than 80 missiles, including its latest short-range ballistic missiles (SRBMs) and a new variant of intercontinental ballistic missile (ICBM), by far the North's most launches in such a short period. North Korean state media showed older SCUD-type missiles were also fired. Analysts and sanctions experts say North Korea continues to rely on materials and other inputs from overseas. "Russia and China are where most of the overseas North Korean ballistic missile procurement agents are based," said Hugh Griffiths, a former coordinator for a U.N. panel of experts that monitors sanctions on North Korea, and now an independent sanctions consultant. North Korea wants to import some 100 tons of solid propellant by 2030, according to the advisory.

☆ Analysis: Why is North Korea testing so many missiles?
▼ + stars: | 2022-11-03 | by ( Josh Smith | ) www.reuters.com time to read: +5 min

Analysts say North Korean leader Kim Jong Un seems to genuinely dislike the allied drills, and particularly the involvement of U.S. stealth fighters. After North Korea conducted an apparent intercontinental ballistic missile (ICBM) test on Thursday, the allies announced they would be extending Vigilant Storm past Friday. "North Korea is aiming to increase its deterrence capabilities," he said. If North Korea prefers to conduct a nuclear test in a crisis, it is well on its way to manufacturing one." North Korea has completed all the technical preparations for a nuclear test - its first since 2017 - according to South Korean and U.S. officials.

☆ Masked man shoots and kills woman who was lying in bed with her two children at Florida home, police say
▼ + stars: | 2022-11-01 | by ( The Associated Press | ) www.nbcnews.com time to read: +1 min

NEW PORT RICHEY, Fla. — A woman who was in bed with her two young children was fatally shot early Tuesday during a home invasion that a Florida sheriff described as “targeted” hit. The knock awakened a woman who was sleeping on the couch in a front room, the sheriff said. As she got up, a masked man kicked the door in and pointed a gun at her, Nocco said. The man continued on to a bedroom and flipped the light switch, Nocco said. He said that mental health counselors are working with the two children and the woman.

☆ Get ready to see orange juice prices spike at the grocery store thanks to Hurricane Ian
▼ + stars: | 2022-10-18 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +4 min

Orange juice prices are projected to spike due to the aftermath of Hurricane Ian. Florida is a major producer of citrus, but the USDA estimates a 32% decrease in production this upcoming season. Florida growers have been adapting to challenges for decades caused by natural disasters and invasive insects. Central Florida, home to sprawling citrus groves responsible for the vast production of fresh oranges and orange juice across the country, took a hit when Hurricane Ian recently ravaged the state. And although prices are climbing and citrus might be in short supply, the demand for vitamin C is still there.

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