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☆ Bally's shareholders wage battle over ownership, 'unfunded development projects'
▼ + stars: | 2024-04-02 | by ( Contessa Brewer | ) www.cnbc.com time to read: +5 min

In this article BALY Follow your favorite stocks CREATE FREE ACCOUNTAn exterior view shows the Tropicana Las Vegas at dusk on March 29, 2024 in Las Vegas, Nevada. David Becker | Getty ImagesAs the famous Tropicana in Las Vegas closes its doors Tuesday, its operator Bally's Corporation is facing its own existential battle. Standard General owns about 23% of Bally's stock, it said last month. An exterior view shows the Tropicana Las Vegas on March 29, 2024, in Las Vegas, Nevada. Bally's market cap stands at little more than half a billion dollars.

Persons: David Becker, Soo Kim, Kim, it's, Dan Fetters, Edward King, Fetters, King, Bally's, It's, George Rose, Chris Grove, Jim Murren, Jess Golden Organizations: Tropicana, Getty, Bally's, Standard, Growth Capital, Las, Trump, Tahoe, Chicago, Major League Baseball's Athletics, Leisure Properties, New, Acies, MGM Resorts International, CNBC Locations: Las Vegas , Nevada, Las Vegas, New York City, Stateline , Nevada, Seminole, Florida, Nevada, Oakland, Vegas

☆ Asia’s year in review: Who had it good — and who had it bad — in 2023
▼ + stars: | 2023-12-22 | by ( Curtis Chin | Jose B. Collazo | ) www.cnbc.com time to read: +7 min

As 2023 comes to a close, we take a look at the year that was in Asia and the Pacific region. But who had it good and who had it bad in 2023? Bad year: China's property marketWith millions of Chinese citizens still waiting for homes they put down payments on — but might never be built — 2023 was a particularly bad year for China's property market. A newly built property is seen from the air in Hangzhou city, Zhejiang province, China, Dec 15, 2023. Chinese families and individuals who once saw homes as more than somewhere to live but also as investments have reason to fear 2023 won't be the last bad year they face.

Persons: Curtis, Chin, Jose B, —, Vikram, Amit Dave, Narendra Modi, Taylor Swift, Kim Ji, Jennie, Kim Jennie, Roseanne Chae, Lisa, Lalisa, King Charles, Rose, Roseanne Park, Jisoo Kim, Jennie Kim, King Charles III, Yoon Suk Yeol, Kim Keon Hee, Victoria Jones, Blackpink, Michelle Yeoh, Joe Biden, Xi Jinping, San Francisco —, China Evergrande, Moody's, Asia's Organizations: Asian Development Bank, RiverPeak Group, ISRO —, Indian Space Research, Orbiter, ISRO, Buckingham, Sustainable, COP26, Getty, YG Entertainment, APEC, U.S, International Monetary Fund Locations: U.S, Asia, Turkey, Syria, Maui, Hawaii, Lahaina, Pacific, India, Gujarat Science City, Ahmedabad, Korea, British, LONDON, ENGLAND, Glasgow, London, England, South Korea, Malaysian, New Zealand, Thailand, China, San Francisco, United States, Taiwan, South China, Country, Hangzhou city, Zhejiang province

☆ Blackpink renews group contracts with agency, YG shares spike 29%
▼ + stars: | 2023-12-06 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +2 min

(Photo by Victoria Jones - Pool/Getty Images)Shares of K-pop agency YG Entertainment spiked as much as 29% after the company announced that it has renewed exclusive group contracts with all four members of girl group Blackpink. The stock closed at 48,000 South Korean won ($36.58) per share on Tuesday, near its 2023 low of 47,000 won. But on Wednesday, it surged at the open and hit an intraday high of 61,900 South Korean won per share. This could bring an end to the long running contract saga between the popular K-pop group and the agency. Shares of YG previously plunged each time South Korean media reported that members of the group will not renew with the label.

Persons: Lisa, Lalisa, Rose, Roseanne Park, Jisoo Kim, Jennie Kim, King Charles III, Yoon Suk Yeol, Kim Keon Hee, Victoria Jones Organizations: COP26, YG Entertainment, South Korean, YG, Munhwa Ilbo Locations: ENGLAND, British, Glasgow, London, England, South Korea, South Korean

LONDON (AP) — King Charles III honored the K-pop band Blackpink on Wednesday, saluting their work in raising awareness among young people about the threat of climate change. On the second day of South Korean President Yoon Suk Yeol’s three-day state visit to London, Charles made Blackpink members Jennie Kim, Jisoo Kim and Lalisa Manoban honorary Members of the Order of the British Empire. The awards are part of Britain’s honors system, which recognizes outstanding service to the nation and the wider world. Charles had lauded the K-pop girl group on Tuesday during a state banquet in honor of Yoon and first lady Kim Keon Hee. “I can only admire how they can prioritize these vital issues, as well as being global superstars."

Persons: — King Charles III, Yoon Suk, Charles, Jennie Kim, Jisoo Kim, Lalisa, Roseanne, Yoon, Kim Keon Hee, Jennie, Jisoo, Lisa, Rose, ” Charles, “ Organizations: British Empire Locations: London, British, New Zealand, Buckingham, Glasgow, Scotland

☆ K-Pop band BLACKPINK receive honorary MBEs from Britain's King Charles
▼ + stars: | 2023-11-22 | by ( ) www.reuters.com time to read: +1 min

The quartet – Jennie, Jisoo, Lisa and Rose – chatted, laughed and took photographs with the British monarch as he presented the medals. "It's amazing you're still talking to each other after all these years," King Charles jokingly said to the band at the ceremony. "I hope I shall be able to see you perform live at some point". BLACKPINK received the MBEs in recognition of the bank members' role as COP26 Advocates for the United Nations climate summit held in Glasgow in 2021, Buckingham Palace said. Reporting by Farouq Suleiman and Hanna Rantala; Editing by Emelia Sithole-MatariseOur Standards: The Thomson Reuters Trust Principles.

Persons: King Charles, Rose, Roseanne Park, Jisoo Kim, Jennie Kim, Lisa, Lalisa, MBEs, Yoon Suk, Jennie, Jisoo, Rose – chatted, BLACKPINK, Buckingham, Farouq Suleiman, Hanna Rantala, Emelia Sithole Organizations: United, YouTube, Thomson Locations: British, United Kingdom, Buckingham, United Nations, Glasgow, London

☆ Infineon signs semiconductor supply deal with automakers Hyundai, Kia
▼ + stars: | 2023-10-18 | by ( ) www.reuters.com time to read: +1 min

Infineon Technologies AG logo is seen during German Economy Minister Robert Habeck and Foreign Minister Annalena Baerbock's visit, in Dresden, Germany July 13, 2023. REUTERS/Annegret Hilse/File Photo Acquire Licensing RightsBERLIN, Oct 18 (Reuters) - German chip manufacturer Infineon (IFXGn.DE) said on Wednesday it has signed a multi-year agreement with Hyundai and Kia to supply power semiconductors for the production of electric cars. Infineon will build and reserve manufacturing capacity to supply silicon carbide and silicon power modules and chips to Hyundai and Kia until 2030, with the two carmakers to support the project with financial contributions, Infineon said in a statement. "This partnership not only empowers Hyundai Motor and Kia to stabilise its semiconductor supply but also positions us to solidify our leadership in the global EV (electric vehicle) market," Heung Soo Kim, Hyundai's Executive Vice President, said in a statement. Reporting by Rachel More, Editing by Louise HeavensOur Standards: The Thomson Reuters Trust Principles.

Persons: Robert Habeck, Annalena Baerbock's, Annegret, Heung Soo Kim, Rachel More, Louise Heavens Organizations: Infineon, REUTERS, Rights, Hyundai, Kia, Hyundai Motor, Thomson Locations: Dresden, Germany

☆ AI chip firm Tenstorrent raises $100 mln from Hyundai, Samsung
▼ + stars: | 2023-08-02 | by ( Stephen Nellis | ) www.reuters.com time to read: +2 min

Courtesy of Tenstorrent /Handout via REUTERSAug 2 (Reuters) - Tenstorrent, a Canadian startup headed by chip industry veteran Jim Keller that is developing artificial intelligence chips, said on Wednesday it has raised $100 million from Hyundai Motor Group (005380.KS) and a Samsung (005930.KS) investment fund, among others. Keller, who has previously developed chips for Apple (AAPL.O), Tesla (TSLA.O) and Intel (INTC.O), took over as the startup's CEO earlier this year. Tenstorrent makes its own AI chips, but also sells its intellectual property and other technology to customers looking to make their own AI chips. Hyundai established a semiconductor development group last year and said that it plans to use Tenstorrent technology in "future Hyundai, Kia and Genesis" vehicles. “With this investment, the Group expects to develop optimized but differentiated semiconductor technology that will aid future mobilities and strengthen internal capabilities in AI technology development," Heung-soo Kim, executive vice president and head of the global strategy office at Hyundai Motor Group, said in a statement.

Persons: Jim Keller, Heung Soo Kim, Keller, Tenstorrent, Kim, Stephen Nellis, Marguerita Choy Organizations: Global, Hyundai, REUTERS, Hyundai Motor Group, Samsung, Nvidia, Apple, Intel, Kia, Catalyst Fund, Fidelity Ventures, Eclipse Ventures, Epiq, Maverick Capital, Tesla, LG, Thomson Locations: Santa Clara , California, U.S, Handout, Canadian

☆ Why North Korea’s Princess Will Never Wear Kim Jong-un’s Crown - The New York Times
▼ + stars: | 2023-05-30 | by ( Chun Su-Jin | ) www.nytimes.com time to read: +1 min

SEOUL — For more than six months, Kim Jong-un, the leader of North Korea, has seemingly been giving the world an unprecedented glimpse into his private life. The first set of photos revealed a ponytailed girl in red shoes strolling hand in hand with Mr. Kim around a Hwasong-17 intercontinental ballistic missile. Later, she’s gazing into his eyes at a celebration for weapons scientists and tenderly patting his shoulder at a military parade. State media has released the daddy-daughter images on over a dozen occasions since November, assuredly choreographed from curls to gloves. Now that the country’s routine missile tests aren’t generating the headlines he craves, Mr. Kim appears to be leveraging his daughter’s global star power.

☆ The Arnaults are betting big on K-Pop, and it shows the power of South Korea's luxury spending machine
▼ + stars: | 2023-01-31 | by ( Cheryl Teh | ) www.businessinsider.com time to read: +6 min

Experts tell Insider this is a calculated move to tap into the booming South Korean market. A targeted move to win over the South Korean marketBTS member Jimin (left) and BLACKPINK singer Rosé. "Fashion trends tend to be created and adopted in South Korea, before being diffused to other markets in Asia," Dubois said. She also said South Korea is "increasingly known" for its K-Pop stars, movies, and shows in the US — which helps with promotions stateside too. Once the COVID situation settles, it is possible that Chinese tourists, with their spending power, return to Korea," Kim said.

☆ North Korea's Kim orders 'exponential' expansion of nuke arsenal
▼ + stars: | 2023-01-01 | by ( ) www.cnbc.com time to read: +7 min

During the six-day meeting meant to determine new state objectives, Kim called for "an exponential increase of the country's nuclear arsenal" to mass produce battlefield tactical nuclear weapons targeting South Korea. They still reaffirmed that the door to dialogue with North Korea remains open, according to the South Korean Foreign Ministry. Worries about North Korea's nuclear program have grown since the North last year approved a new law that authorized the preemptive use of nuclear weapons in a broad range of situations and openly threatened to use its nuclear weapons first. Earlier Sunday, South Korea's military detected a short-range ballistic missile launched from the North's capital region. North Korea test-fired more than 70 missiles last year, including three short-range ballistic missiles detected by South Korea on Saturday.

☆ North Korea says latest launches tested 1st spy satellite
▼ + stars: | 2022-12-19 | by ( Associated Press | ) www.nbcnews.com time to read: +5 min

The rocket carrying the test satellite was launched Sunday to assess the satellite’s photography and data transmission systems, KCNA said. He said South Korean and U.S. intelligence authorities were analyzing further details of the launches but declined to elaborate. A rocket carrying an experimental satellite is launched from Tongchang-ri, North Korea, in images released Monday. In February and March, North Korea said it conducted tests to check a camera and data transmission systems to be used on a spy satellite. Lee said North Korea may be able to covertly get a more advanced camera that enable it to monitor tanks and the deployment of U.S. strategic assets to South Korea.

☆ North Korea says its new spy satellite hit a major milestone, but it may be 'too crude' to be useful
▼ + stars: | 2022-12-19 | by ( Park Chan-Kyong | South China Morning Post | ) www.businessinsider.com time to read: +6 min

North Korea launched a rocket carrying a test satellite was launched on Sunday. The rocket carrying the test satellite was launched on Sunday to assess its photography and data transmission systems, state media said. North Korea launched Hwasong-17 ICBMs in February and March, claiming they were spy satellite test launches. South Korea, Japan and US authorities on Sunday said they detected a pair of ballistic-missile launches by North Korea from its northwestern Tongchang-ri area, where the North's satellite launch pad is located. North Korean leader Kim Jong Un and his daughter with what North Korean media called a Hwasong-17 ICBM in Pyongyang on November 18.

☆ Kim Jong Un's daughter makes her second public appearance
▼ + stars: | 2022-11-27 | by ( Associated Press | ) www.nbcnews.com time to read: +7 min

North Korean leader Kim Jong Un’s daughter made a public appearance again, this time with missile scientists and more honorific titles as her father’s “most beloved” or “precious” child. Others showed Kim’s daughter clapping her hands, exchanging handshakes with a soldier or talking to her father as people cheered in the background. “Kim Ju Ae is expected to appear occasionally at Kim Jong Un’s public events and take a succession training.”Revealing the young Ju Ae came as a huge surprise to foreign experts, as Kim Jong Un and his father Kim Jong Il were both first mentioned in state media dispatches after they became adults. Cheong, however, said Kim Jong Il had Kim Jong Un in mind as his heir when his son was 8 years old. Cheong cited his conversations with Kim Jong Un’s aunt and her husband, who defected to the United States.

☆ North Korea fires ballistic missile toward sea, South says
▼ + stars: | 2022-11-09 | by ( The Associated Press | ) www.nbcnews.com time to read: +4 min

SEOUL, South Korea — North Korea fired at least one ballistic missile toward its eastern sea on Wednesday as it extended a recent barrage of weapons demonstrations including what it described as simulated attacks on South Korean and U.S. targets last week. Some experts earlier said the results of the U.S. elections were not likely to change the Biden administration’s policies on North Korea. North Korea fired dozens of missiles last week, including an intercontinental ballistic missile that set off evacuation warnings in northern Japan, in an angry reaction to the U.S.-South Korea military exercises. Some experts say it’s possible that North Korea reached into the inventory of some of its older weapons to support the expanded scale of last week’s launches. “It may be in North Korea’s interest to hold some of its modern capabilities in reserve and test them at opportune occasions.

☆ Analysts are standing by these stocks with 'robust upside' ahead of Q3 earnings
▼ + stars: | 2022-10-15 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Earnings season is underway and Wall Street analysts are picking their favorite stocks to buy ahead of third quarter results. In addition, "capital allocation optionality provides sources of earnings upside," according to the firm. We could see EPS of ~$1 by 2030, and view the stock as undervalued given the growth and earnings potential. This shows the earnings potential of Pfizer beyond the loss of exclusivity of key drugs through the end of the decade. ... .Capital allocation optionality provides sources of earnings upside."

☆ North Korea fires ballistic missile in a show of 'defiance' days before Vice President Kamala Harris visits region
▼ + stars: | 2022-09-25 | by ( Bethany Dawson | ) www.businessinsider.com time to read: +2 min

North Korea has fired a ballistic missile into the sea. "It's North Korea's way of showing defiance of the [US] alliance," said an analyst at the Rand Corporation. Email address By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy PolicyNorth Korea fired a ballistic missile toward South Korea just days before Vice-President Kamala Harris's visit. It is the most significant deployment yet under a new push by the Biden administration to use the US "strategic assets" to deter North Korea, Reuters reported. On the 29th, she will travel to South Korea, which a senior White House official says is an "opportunity for the Vice President to demonstrate our solidarity with our South Korean allies on the threat posed by the North."

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