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The bank also raised its price target to $160 from $115, suggesting 18% upside from Wednesday's close. — Michelle Fox 7:59 a.m.: KeyBanc raises Netflix price target Netflix's growth isn't going to slow down any time soon, according to KeyBanc Capital Markets. — Pia Singh 7:23 a.m.: Bank America raises price target on Boeing Bank of America is weighing the challenges and opportunities Boeing has to make a turnaround. She kept her $38 price target, which implies shares could drop just slightly from its latest close. — Pia Singh 5:45 a.m.: Jefferies names Microsoft a top pick Microsoft is "going for AI gold," according to Jefferies.

Persons: Jefferies, Christine Cho, — Jesse Pound, Clark, Anna Lizzul, Kimberly, — Michelle Fox, Justin Patterson, Patterson, — Pia Singh, Ronald Epstein, Epstein, Oppenheimer, Ulta, Rupesh Parikh, Parikh, Morgan Stanley downgrades Corning, Corning, Morgan Stanley, Meta Marshall, Marshall, Tom O'Malley, O'Malley, AVGO, JPMorgan's Harlan Sur, Timothy Arcuri, Brent Thill, Fred Imbert Organizations: CNBC, Microsoft, Barclays downgrades NextEra Energy Partners, NextEra Energy Partners, Barclays, Bank of America, Clark Bank of America, KeyBanc, Markets, Netflix, Bank America, Boeing Bank of America, Boeing, Broadcom, VMware, Google, UBS, Jefferies Locations: Kimberly, F2H25

Tesla CEO Elon Musk claimed on Thursday that his company's Optimus humanoid robots could eventually make the automaker worth more than half of that. As for shareholder value, Musk said Optimus could be the catalyst for lifting Tesla's market cap to $25 trillion someday. The company, he predicted, will have "over 1,000, or a few thousand, Optimus robots working at Tesla" in 2025. Getting to a $25 trillion market cap would mean that Tesla would be worth about eight times Apple's value today. He did say that autonomous vehicles could get the company to a market cap of $5 trillion to $7 trillion.

Persons: SeongJoon Cho, Elon Musk, Tesla, Optimus, Musk Organizations: Tesla Inc, Seoul Mobility, Bloomberg, Getty, Optimus, Star Wars, EV, world's, Microsoft Locations: Goyang, South Korea, Austin , Texas, Thursday's

☆ I've been a chef for years. Here are my 8 tips for making perfect, juicy burgers.
▼ + stars: | 2024-05-24 | by ( Alissa Fitzgerald | ) www.businessinsider.com time to read: +6 min

Read previewAs a chef, I strongly believe the best way to feed a crowd is to have all of your party foods prepped and ready to go — and that includes your burger patties. When I worked as a line cook a few years ago, I learned the subtle art of working with ground meat and making the perfect, juicy burger. AdvertisementThere are three main ways to defrost ground beef: in the refrigerator, in the microwave, or in cool water. Related storiesIf you can, try to find a local farm that sells whole cuts or its own frozen ground meat. Remember that the shape of the patties mattersLightly press your thumb into the burger patties as you shape them.

Persons: —, sy cho, you've, Cook, Moyo Organizations: Service, Business Locations: mayo

☆ Asia markets in mixed territory after Fed raises concern over 'persistent' inflation
▼ + stars: | 2024-05-23 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

An inflatable bull during a ceremony marking the first day of trading of the year at the Korea Exchange (KRX) headquarters in Seoul, South Korea, Tuesday, Jan. 2, 2024. SeongJoon Cho/Bloomberg via Getty ImagesAsia-Pacific markets were mixed after minutes from the last U.S. Federal Reserve meeting revealed that Fed officials have grown more concerned about inflation, with members indicating they lacked confidence to move forward on interest rate reductions. In Asia, investors will assess flash business activity data from Australia and Japan, as well as Singapore's final first quarter gross domestic figures. South Korea's central bank will be announcing its policy rate decision today. Analysts polled by Reuters expect the Bank of Korea to hold its benchmark lending rate at 3.5%, although a note from ING last week said the meeting will still be closely watched, "as two new members have joined the [BOK's] board since the last meeting and it will be interesting to see if this has changed the view of the board."

Persons: SeongJoon Cho Organizations: Korea Exchange, Bloomberg, Getty Images, Federal Reserve, Reuters, Bank of, ING Locations: Seoul, South Korea, Getty Images Asia, Pacific, U.S, Asia, Australia, Japan, Korea's, Bank of Korea

☆ Brad Paisley and Howard Gospel Choir to be the entertainment for state dinner as Bidens highlight US-Kenya ties
▼ + stars: | 2024-05-22 | by ( Betsy Klein | Samantha Waldenberg | ) edition.cnn.com time to read: +11 min

US President Gerald Ford dances with Britain's Queen Elizabeth II during a state dinner in Washington, DC, in 1976. Jason Reed/Reuters The White House's State Dining Room is seen ahead of a state dinner honoring French President Emmanuel Macron in 2018. Paisley first performed at the White House in 2009 during the Obama administration as part of a music series. “Tomorrow night we’ve created an experience that will feature the beautiful scenes of the White House and the Washington Monument that few get to enjoy,” White House social secretary Carlos Elizondo said. Event planner Bryan Rafanelli also helped the White House plan for the state dinner.

Persons: Brad Paisley, Joe Biden, Jill Biden, William Ruto, Rachel Ruto, “, Howard, “ Brad Paisley, Dr . Biden, Ruto’s, Biden, Ruto, ” Biden, George W, Bush, Gerald Ford, Queen Elizabeth II, Ricardo Thomas, Gerald R, Franklin D, Roosevelt, Enrique Penaranda, Penaranda, Matthew Costello, George R, Nikita Khrushchev, He's, Nina, Dwight D, Eisenhower, Mamie Eisenhower, Costello, John F, Kennedy, Habib Bourguiba, Jackie, Moufida, Bill Allen, Lyndon B, Johnson, Errol W, Barrow, Carolyn, Richard Nixon, Leonid Brezhnev, Charles Tasnadi, Betty Ford, Jordan's King Hussein, David Hume Kennerly, Betty Sherrill, Britain's Queen Elizabeth II, Jimmy Carter, Deng Xiaoping, Cho Lin, Carter, Nancy Reagan, Indira Gandhi, Mikhail Gorbachev, Joe DiMaggio, Ronald Reagan, Reagan, Boris Yeltsin, Naina, George H.W, George H.W . Bush, Barbara, Dirck Halstead, Singer Whitney Houston, Nelson Mandela, Ron Sachs, Bill Clinton, Hillary Clinton, Mandela, Zindzi, Wally McNamee, Corbis, Bill Frist, Lynne Cheney, Dick Cheney, Gloria Macapagal Arroyo, Pablo Martinez Monsivais, Laura Bush, Prince Philip, Itzhak Perlman, Saul Loeb, Barack Obama, Michelle Obama, Manmohan Singh, Gursharan Kaur, Pete Souza, White, Obama, Singh, Jason Reed, Emmanuel Macron, Donald Trump, Melania Trump, Macron, Brigitte, Jabin, Scott Morrison, Joshua Roberts, Paisley, ‘ Wake, Martin Luther, ’ ”, ” Jill Biden, we’ve, Carlos Elizondo, Cris Comerford, Bryan Rafanelli, April’s, Fumio Kishida, Yuko Kishida, CNN’s Sam Fossum Organizations: Washington CNN —, Howard Gospel Choir, White, CNN, Kenyan, Ford Presidential Library, United, White House, Historical Association, Washington Post, Getty, Barbados, AP, Indian, New York Times, Singer, South, Trump, Australian, Paisley, Japanese Locations: Kenya, United States, ”, Ghana, Africa, Russia, Namibia, Washington , DC, Bolivian, Soviet, George H.W ., toasts, Nashville, Washington

☆ AI boom to keep supply of high-end memory chips tight this year, analysts warn
▼ + stars: | 2024-05-14 | by ( Sheila Chiang | In Sheilachiang | ) www.cnbc.com time to read: +2 min

Photographer: SeongJoon Cho/Bloomberg via Getty ImagesHigh-performance memory chips are likely to remain in tight supply this year, as explosive AI demand drives a shortage for these chips, according to analysts. "We expect the general memory supply to remain tight throughout 2024," Kazunori Ito, director of equity research at Morningstar said in a report last week. The demand for AI chipsets has boosted the high-end memory chip market, hugely benefiting firms such Samsung Electronics and SK Hynix, the top two memory chipmakers in the world. High-performance memory chips play a crucial role in the training of large language models (LLMs) such as OpenAI's ChatGPT, which led AI adoption to skyrocket. HBM's production cycle is longer by 1.5 to 2 months compared with DDR5 memory chip commonly found in personal computers and servers, market intelligence firm TrendForce said in March.

Persons: SeongJoon Cho, Kazunori Ito, Morningstar, William Bailey, TrendForce Organizations: Samsung Electronics Co, Galaxy, Bloomberg, Getty Images, SK Hynix, Micron, Samsung Electronics, Nvidia, Samsung, Nasdaq Locations: Seoul, South Korea

☆ Tony Awards 2024: Print Your Ballot!
▼ + stars: | 2024-05-13 | by ( ) www.nytimes.com time to read: +5 min

Best New Play "Jaja's African Hair Braiding" ☐ "Mary Jane" ☐ "Mother Play" ☐ "Prayer for the French Republic" ☐ "Stereophonic" Best New Musical "Hell's Kitchen" “Illinoise" ☐ "The Outsiders" ☐ "Suffs" "Water for Elephants" Best Play Revival ☐ “Appropriate" ☐ “An Enemy of the People" "Purlie Victorious" Best Musical Revival ☐ "Cabaret" ☐ “Gutenberg! The Musical!" "Merrily We Roll Along" "The Who's Tommy" Best Book of a Musical ☐ Bekah Brunstetter, "The Notebook" Kristoffer Diaz, "Hell's Kitchen" ☐ Rick Elice, "Water for Elephants" ☐ Adam Rapp with Justin Levine, "The Outsiders" ☐ Shaina Taub, "Suffs" Best Leading Actor in a Play ☐ William Jackson Harper, "Uncle Vanya" Leslie Odom Jr., "Purlie Victorious" ☐ Liev Schreiber, "Doubt" Jeremy Strong, "An Enemy of the People" ☐ Michael Stuhlbarg, "Patriots" Best Leading Actress in a Play ☐ Betsy Aidem, "Prayer for the French Republic" 0000 Jessica Lange, "Mother Play" Rachel McAdams, "Mary Jane" Sarah Paulson, "Appropriate" ☐ Amy Ryan, "Doubt" Best Leading Actor in a Musical ☐ Brody Grant, "The Outsiders" ☐ Jonathan Groff, "Merrily We Roll Along" Dorian Harewood, "The Notebook" ☐ Brian d'Arcy James, "Days of Wine and Roses" ☐ Eddie Redmayne, "Cabaret" The New York Times 2024 Tony Awards Ballot Best Leading Actress in a Musical Eden Espinosa, "Lempicka" ☐ Maleah Joi Moon, "Hell's Kitchen" Kelli O'Hara, "Days of Wine and Roses" ☐ Maryann Plunkett, "The Notebook" ☐ Gayle Rankin, "Cabaret" Best Featured Actor in a Play ☐ Will Brill, “Stereophonic" Eli Gelb, "Stereophonic" ☐ Jim Parsons, "Mother Play" Tom Pecinka, "Stereophonic" Corey Stoll, "Appropriate" Best Featured Actor in a Musical ☐ Roger Bart, "Back to the Future" ☐ Joshua Boone, "The Outsiders" ☐ Brandon Victor Dixon, "Hell's Kitchen" ☐ Sky Lakota-Lynch, "The Outsiders" ☐ Daniel Radcliffe, "Merrily We Roll Along" ☐ Steven Skybell, "Cabaret" Best Featured Actress in a Play ☐ Quincy Tyler Bernstine, "Doubt" ☐ Juliana Canfield, ☐ "Stereophonic" Celia Keenan-Bolger, "Mother Play" Best Direction of a Musical ☐ Maria Friedman, ㅁㅁㅁ ㅁ "Merrily We Roll Along" Best Lighting Design of a Musical ☐ Brandon Stirling Baker, "Illinoise" Michael Greif, "Hell's Kitchen" ☐ Isabella Byrd, "Cabaret" Leigh Silverman, "Suffs" ☐ ☐ Jessica Stone, "Water for Elephants" ☐ Danya Taymor, "The Outsiders" Best Scenic Design of a Play Natasha Katz, "Hell's Kitchen" ☐ Bradley King and David Bengali, "Water for Elephants" ☐ Brian MacDevitt and Hana S. Kim, "The Outsiders" Best Sound Design dots, "An Enemy of the People" of a Play ☐ dots, "Appropriate" Derek McLane, "Purlie Victorious" David Zinn, "Jaja's African Hair Braiding" David Zinn, "Stereophonic" Best Scenic Design of a Musical ☐ AMP featuring Tatiana Kahvegian, "The Outsiders" ☐ Robert Brill and Peter Nigrini, "Hell's Kitchen" ☐ Tim Hatley and Finn Ross, "Back to the Future" ☐ Riccardo Hernández and Peter Nigrini, "Lempicka" ☐ Takeshi Kata, "Water for Elephants" David Korins, "Here Lies Love" ☐ Tom Scutt, "Cabaret" Best Costume Design of a Play ☐ Dede Ayite, "Appropriate" ☐ Dede Ayite, "Jaja's African Hair Braiding" ☐ Sarah Pidgeon, "Stereophonic" ☐ Enver Chakartash, ☐ Kara Young, "Purlie Victorious" Best Featured Actress in a Musical ☐ Shoshana Bean, "Hell's Kitchen" ☐ Amber Iman, "Lempicka" Nikki M. James, "Suffs" ☐ ☐ Leslie Rodriguez Kritzer, "Spamalot" Kecia Lewis, "Hell's Kitchen" ☐ Lindsay Mendez, "Merrily We Roll Along" ☐ Bebe Neuwirth, "Cabaret" Best Direction of a Play Daniel Aukin, "Stereophonic" ☐ Anne Kauffman, "Mary Jane" Kenny Leon, "Purlie Victorious" Lila Neugebauer, "Appropriate" Whitney White, ☐ ☐ ☐ ☐ ☐ "Jaja's African Hair Braiding" ☐ ☐ "Stereophonic" ☐ Justin Ellington and Stefania Bulbarella, "Jaja's African Hair Braiding" ☐ Leah Gelpe, "Mary Jane" ☐ Tom Gibbons, "Grey House" ☐ Bray Poor and Will Pickens, "Appropriate" ☐ Ryan Rumery, "Stereophonic" Best Sound Design of a Musical ☐ M.L. Dogg and Cody Spencer, "Here Lies Love" Kai Harada, "Merrily We Roll Along" ☐ Nick Lidster, "Cabaret" ☐ Gareth Owen, "Hell's Kitchen" ☐ Cody Spencer, "The Outsiders" Best Original Score Will Butler, "Stereophonic" ☐ Adam Guettel, "Days of Wine and Roses" ☐ Jamestown Revival and Justin Levine, "The Outsiders" ☐ David Byrne and Fatboy Slim, "Here Lies Love" ☐ Shaina Taub, "Suffs" Emilio Sosa, "Purlie Victorious" Best Choreography David Zinn, "An Enemy of the People" Best Costume Design of a Musical ☐ Dede Ayite, "Hell's Kitchen" ☐ Linda Cho, "The Great Gatsby" ☐ David Israel Reynoso, "Water for Elephants" Tom Scutt, "Cabaret" ☐ Paul Tazewell, "Suffs" Best Lighting Design of a Play ☐ Isabella Byrd, "An Enemy of the People" ☐ Amith Chandrashaker, "Prayer for the French Republic" Jiyoun Chang, “Stereophonic" Jane Cox, "Appropriate" ☐ Natasha Katz, "Grey House" ☐ Camille A. Brown, "Hell's Kitchen" ☐ Shana Carroll and Jesse Robb, "Water for Elephants" ☐ Rick and Jeff Kuperman, "The Outsiders" ☐ Annie-B Parson, "Here Lies Love" Justin Peck, "Illinoise" Best Orchestrations ☐ Timo Andres, "Illi

Persons: Mary Jane, Tommy, Bekah, Kristoffer Diaz, Rick Elice, ☐ Adam Rapp, Justin Levine, ☐ Shaina Taub, William Jackson Harper, Uncle Vanya, Leslie Odom Jr, ☐ Liev Schreiber, Jeremy Strong, Michael Stuhlbarg, Betsy Aidem, Jessica Lange, Rachel McAdams, Sarah Paulson, Amy Ryan, Brody Grant, Jonathan Groff, Dorian Harewood, Brian d'Arcy James, Eddie Redmayne, Eden Espinosa, Maleah Joi Moon, Kelli O'Hara, ☐ Maryann Plunkett, ☐ Gayle Rankin, Will Brill, Eli Gelb, Jim Parsons, Tom Pecinka, Corey Stoll, Roger Bart, Joshua Boone, ☐ Brandon Victor Dixon, Lynch, ☐ Daniel Radcliffe, Steven Skybell, Quincy Tyler Bernstine, Juliana Canfield, Celia Keenan, Bolger, Maria Friedman, ㅁㅁㅁ, Brandon Stirling Baker, Michael Greif, Isabella Byrd, Leigh Silverman, Jessica Stone, Natasha Katz, ☐ Bradley King, David Bengali, Brian MacDevitt, Hana S, Kim, Derek McLane, David Zinn, Tatiana Kahvegian, ☐ Robert Brill, Peter Nigrini, Tim Hatley, Finn Ross, Riccardo Hernández, Takeshi Kata, David Korins, Tom Scutt, Dede Ayite, Sarah Pidgeon, Enver Chakartash, ☐ Kara Young, Shoshana Bean, Amber Iman, Nikki M, James, ☐ Leslie Rodriguez Kritzer, Kecia Lewis, ☐ Lindsay Mendez, Bebe Neuwirth, Daniel Aukin, Anne Kauffman, Kenny Leon, Lila Neugebauer, White, Justin Ellington, Stefania Bulbarella, Leah Gelpe, ☐ Tom Gibbons, ☐ Bray, Will Pickens, Ryan Rumery, Cody Spencer, Kai Harada, Nick Lidster, ☐ Gareth Owen, ☐ Cody Spencer, Will Butler, Adam Guettel, ☐ David Byrne, Fatboy Slim, Shaina Taub, Emilio Sosa, Linda Cho, ☐ David Israel Reynoso, ☐ Paul Tazewell, Jiyoun Chang, Jane Cox, Camille A . Brown, ☐ Shana Carroll, Jesse Robb, Rick, Jeff Kuperman, Annie, Parson, Justin Peck, ☐ Timo Andres, Tom Kitt, Adam Blackstone, Justin Craig, Matt Hinkley, Jonathan Tunick Organizations: Patriots, New York Times, Lakota, ☐ Bray Poor Locations: Republic, Jamestown

☆ South Korea prepares support package worth over $7 bln for chip industry
▼ + stars: | 2024-05-12 | by ( ) www.cnbc.com time to read: +1 min

A Samsung Electronics Co. 12-layer HBM3E, top, and other DDR modules arranged in Seoul, South Korea, on Thursday, April 4, 2024. Photographer: SeongJoon Cho/Bloomberg via Getty ImagesSouth Korea is readying plans for a support package for chip investments and research worth more than 10 trillion won ($7.30 billion), the finance minister said on Sunday, after setting its sights on winning a "war" in the semiconductor industry. Finance Minister Choi Sang-mok said the government would soon announce details of the package, which targets chip materials, equipment makers, and fabless companies throughout the semiconductor supply chain. South Korea is also building a mega chip cluster in Yongin, south of its capital, Seoul, which it touts as the world's largest such high-tech complex. President Yoon Suk Yeol has vowed to pour all possible resources into winning the "war" in chips, promising tax benefits for investments.

Persons: SeongJoon Cho, Choi Sang, mok, Choi, Yoon Suk Yeol Organizations: Samsung Electronics Co, Galaxy, Bloomberg, Getty Images, Finance Locations: Seoul, South Korea, Korea

☆ Samsung Electronics' operating profit jumps 932.8% in first quarter, beats expectations
▼ + stars: | 2024-04-30 | by ( Sheila Chiang | In Sheilachiang | ) www.cnbc.com time to read: +4 min

Samsung Electronics Co. Galaxy S24 smartphones during a media preview event in Seoul, South Korea, on Monday, Jan. 15, 2024. Here are Samsung's first-quarter results versus LSEG estimates: Revenue: 71.92 trillion Korean won (about $52.3 billion), vs. 71.04 trillion Korean won71.92 trillion Korean won (about $52.3 billion), vs. 71.04 trillion Korean won Operating profit: 6.61 trillion Korean won, vs. 5.94 trillion Korean won Samsung's revenue for the quarter ending March jumped 12.81% from a year ago, while operating profit soared 932.8% in the same period. The figures were in line with the company's guidance earlier this month, where Samsung said operating profit in the January-March quarter likely rose to 6.6 trillion Korean won, up 931% from a year ago. The South Korean electronics giant saw record losses in 2023 as the industry reeled from a post-Covid slump in demand. Operating profit increased to KRW 6.61 trillion as the Memory Business returned to profit by addressing demand for high value-added products," Samsung Electronics said in a statement on Tuesday.

Persons: SeongJoon Cho, SK Kim, Kim, TSMC, Biden Organizations: Samsung Electronics Co, Samsung, Bloomberg, Getty, Samsung Electronics, Memory Business, SK, Daiwa, CNBC, Micron, Citi, —, Japan's Rapidus Corporation Locations: Seoul, South Korea, Korean, Taiwan, Texas, U.S, Asia

☆ I'm a sniper in the US Army, and Hollywood doesn't show you the hardest part of my job
▼ + stars: | 2024-04-27 | by ( Chris Panella | ) www.businessinsider.com time to read: +5 min

Phillip Cho, a US Army sniper in the 11th Airborne Division based in Alaska. At sniper training, we focus on things like range estimation, target detection, and precision marksmanship, the last of which is the most heavily portrayed aspect in Hollywood movies. For me, the easiest part is probably shooting because I was already a good shot before I became a sniper. AdvertisementIn Week 3 of U.S. Army Sniper School, 35 students participate in the ghillie wash, which is designed to test the strength and durability of the suits as well as weather them. The MK-22 Precision Sniper Rifle sights view a target on the range at Joint Base McGuire-Dix-Lakehurst, New Jersey, Oct. 22, 2023.

Persons: —, Phillip Cho, It's, Carrillo, you'd, Patrick A, Albright, Cho, Staff Sergeant Phillip Cho, I've, Michael Schwenk Organizations: Service, US Army, 11th Airborne Division, Business, Spc, U.S . Army Sniper School, Army, Maneuver, Excellence, Fort Benning Public Affairs, Staff, Winchester, Base McGuire, Dix, U.S . Army National Guard Locations: Alaska, Hohenfels, Germany, U.S, Lakehurst , New Jersey

☆ Nvidia supplier SK Hynix reverses losses in first quarter on explosive AI demand
▼ + stars: | 2024-04-25 | by ( Sheila Chiang | In Sheilachiang | ) www.cnbc.com time to read: +2 min

SK Hynix Inc. signage at the company's office in Seongnam, South Korea, on Monday, April 22, 2024. SK Hynix is the world's second-largest memory chipmaker after Samsung Electronics and supplies high-bandwidth memory chips catering to AI chipsets for companies like Nvidia . The explosive demand for AI chipsets boosted the high-end memory chip market, hugely benefiting players like SK Hynix and Samsung Electronics. To meet AI memory demand, the firm said it plans to increase supply of HBM3E – the latest generation of high-bandwidth memory for AI. SK Hynix said it will also introduce 32GB Double Data Rate 5 products this year to strengthen its leadership in the high-capacity server DRAM market.

Persons: SeongJoon Cho Organizations: SK Hynix Inc, SK Hynix, Bloomberg, Getty Images, South Korean, Revenue, Samsung Electronics, Nvidia Locations: Seongnam, South Korea, HBM3E

☆ Elon Musk is keeping investors' dreams of a Tesla robotaxi alive
▼ + stars: | 2024-04-24 | by ( Lora Kolodny | In Lorakolodny | ) www.cnbc.com time to read: +7 min

This is the Tesla Musk is selling to Wall Street, and he's telling anyone with doubts to stay away. "If somebody doesn't believe Tesla's going to solve autonomy, I think they should not be an investor in the company," Musk said on the earnings call. In a shareholder deck that Tesla published before the call, the company featured a "preview of ride-hailing in the Tesla app." At an AI Day in August 2021, Musk said Tesla would build a humanoid robot, now known as Optimus. "No matter what, even if I got kidnapped by aliens tomorrow, Tesla will solve autonomy, maybe a little slower but it would solve autonomy for vehicles at least," Musk said.

Persons: Tesla's, Elon Musk, Musk, Tesla, FSD, haven't, bodysuit, Optimus, SeongJoon Cho, you've, He's, Alex Potter, Piper Sandler, there's Organizations: Revenue, Auto, NBC News, California Department of Motor Vehicles, Optimus, Tesla Inc, Seoul Mobility, Bloomberg, Getty Images Bloomberg, Getty, Tesla, Microsoft, SpaceX Locations: California, Nevada, China, Goyang, South Korea, Tesla

☆ 'Chaotic era' for Asian currencies: Bank of America is not bullish on any of them
▼ + stars: | 2024-04-24 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +2 min

The onshore CNY is currently trading at 7.24 per U.S. dollar. The South Korean won recently slipped to an 18-month low of 1,389.5 against the dollar. The Bank of Korea chief called the won volatility "excessive" and said the central bank would intervene if needed. Taiwan dollarBofA also remains negative on the Taiwan dollar given strong equity outflows and life insurance companies' additional unwinding of non-deliverable forward hedges. The Taiwan dollar is currently trading at 32.6 per U.S. dollar.

Persons: SeongJoon Cho Organizations: Korean, Woori, Bloomberg, Getty, U.S, South Korean, Fed, Bank of Korea, U.S ., Taiwan Locations: Seoul, South Korea

☆ Japan and South Korea could coordinate currency intervention, but they may need U.S. support
▼ + stars: | 2024-04-22 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +3 min

SeongJoon Cho | Bloomberg via Getty ImagesInvestors have been monitoring for potential intervention in the Japanese yen, but recent comments have triggered discussion about "coordinated intervention" with South Korea. The currency has struggled, slipping past 150, since the Bank of Japan raised rates in March. Following that volatility, the U.S. last week acknowledged Japan and South Korea's "serious concerns" over the recent sharp depreciation in their currencies. The comments spurred chatter about possible coordinated currency intervention. Brady said South Korea and Japan could amplify their individual messages to the market by coordinating policy, which might also enhance the short-term impact compared to unilateral action.

Persons: SeongJoon Cho, James Brady, Brady Organizations: Korean, Woori, Bloomberg, Getty, U.S ., Bank of, South Korean, greenback, Authorities, Treasury, Bank of Japan Locations: Seoul, South Korea, Bank of Japan, U.S, Japan, South, Tokyo, Bank of Korea

☆ In ‘This Train,’ photographer Justine Kurland and her son spend six years on the road
▼ + stars: | 2024-04-17 | by ( Jacqui Palumbo | ) edition.cnn.com time to read: +7 min

Justine KurlandCasper previously appeared in a handful of images in "Highway Kind," Kurland's book published in 2016. “There’s certain kinds of ideas of normalcy (in) family life that, when you divert… it makes things significantly more complicated,” Kurland said. Casper became fascinated by trains, Kurland said, and he would often lead her to them. Justine KurlandLiving off irregular paychecks, Kurland and Casper would sometimes have to “hunker down” at campsites until a deposit came through. As “This Train” details, as much as the book is about their relationship, there’s other darker narratives implicit in Kurland’s images.

Persons: Justine Kurland’s, Kurland, Casper, “ Casper, ”, Justine Kurland, she’d, ” Kurland, “, Justine Kurland Casper, Justine Kurland Kurland, Casper’s, Lily Cho, I’m Organizations: CNN, Mack Books Locations: stopovers, Casper

☆ Korean Air CEO: There's a lot of growth capacity in the air cargo market
▼ + stars: | 2024-04-12 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailKorean Air CEO: There's a lot of growth capacity in the air cargo marketWalter Cho, chairman and CEO of Korean Air, discusses the outlook for his company's travel and cargo services.

Persons: Walter Cho Organizations: Korean, Korean Air

☆ 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

☆ South Koreans vote for new parliament after campaign focused on economy, graft
▼ + stars: | 2024-04-10 | by ( ) www.cnbc.com time to read: +2 min

People watch the first sunrise of the new year from a footbridge overlooking the city skyline in Seoul on January 1, 2024. The opposition Democratic Party (DP), which already dominates the 300-member legislature, has accused Yoon and his conservative People Power Party (PPP) of mismanaging the economy and failing to rein in inflation during their time in office. PPP leader Han Dong-hoon said a big win by the DP, whose leader is facing corruption charges, would create a crisis for the country. He warned against giving the opposition an unprecedented super majority of 200 seats, which would strip Yoon of his veto power. "I hope the two-party structure will be broken somehow, and politicians will carry out practical policies for ordinary people."

Persons: Yoon Suk Yeol, Yoon, Han Dong, hoon, Kim Ji, yun, Jung Cheol, Cho Kuk Organizations: South, Election, Democratic Party, People Power Party, DP Locations: Seoul

☆ I'm a US Army sniper in the Arctic, a beast of a place that can chew up even the strongest soldiers
▼ + stars: | 2024-04-06 | by ( Chris Panella | ) www.businessinsider.com time to read: +7 min

Phillip Cho, a US Army sniper in the 11th Airborne Division based in Alaska. What I've preached for years now is that in order to be a successful sniper in the Arctic, you have to have imagination. We use different procedures in the Arctic versus the jungles of Asia or the deserts of the Middle East. Like other environments, water is a priority. The Arctic can be an insatiable beast and chews up some of the strongest soldiers that I've seen.

Persons: Phillip Cho, Cho, —, It's, I've, Simo Häyhä, We've, We're, Wyatt Moore, fieldcraft, Staff Sergeant Phillip Cho Organizations: 11th Airborne Division, Service, US Army, Operations Command, U.S . Army, 75th Ranger, Pacific Multinational Readiness, Donnelly Training, U.S, Army, Spc, Public Affairs Detachment, Islamic, Staff Locations: Alaska, Finnish, That's, Asia, Base, Greenland, Korea, Iraq, Islamic State

☆ Asia markets mixed with focus on South Korea inflation print, factory data from Australia and India
▼ + stars: | 2024-04-02 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

A customer pays for his purchase at a dried food stall in Seoul, South Korea, on Thursday, March 3, 2022. Photographer: SeongJoon Cho/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty ImagesAsia-Pacific markets were mixed Tuesday, as investors assessed economic data from South Korea and Australia. South Korea's March inflation rate held steady at 3.1%, in line with expectations from economists polled by Reuters. Factory activity data from India is also due later in the day, with economists polled by Reuters expecting a stronger PMI reading of 59.4. South Korea's Kospi was down 0.34% and the Kosdaq slid 1.11% after the inflation reading.

Persons: SeongJoon Cho, Kospi Organizations: Bloomberg, Getty Images Bloomberg, Getty, Reuters, Nikkei Locations: Seoul, South Korea, Asia, Pacific, Australia, India

☆ From Miami to Melbourne, a quiet revolution is underway to fend off a silent and invisible killer
▼ + stars: | 2024-04-02 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +7 min

Javier Torres | Afp | Getty ImagesA quiet revolution is underway to address a widely underestimated climate challenge: extreme heat. Myrivili said she believes that extreme heat is often overlooked because it lacks the visible drama of roofs being ripped from homes or streets being turned into rivers. Most people wouldn't know that in Australia, extreme heat kills more people than bushfires and floods and storms. Tiffany Crawford Co-chief heat officer of Melbourne, AustraliaThe CDC defines extreme heat as summertime temperatures that are significantly hotter and/or more humid than average. Melbourne, AustraliaTiffany Crawford, co-CHO of Melbourne, told CNBC that extreme heat kills more people in Australia than bushfires, floods and storms.

Persons: Javier Torres, Eleni Myrivili, CHO, Myrivili, Tiffany Crawford Co, Jane Gilbert, We've, Gilbert, Giorgio Viera, Afreen, Dhaka North's CHO, Bushra, Australia Tiffany Crawford, Crawford, Krista Milne, Diego Fedele Organizations: Afp, Getty, CNBC, Centers for Disease Control, CDC, Dade, Dhaka North, Dhaka North's, Nurphoto, Environmental, Station Locations: Quilpue comune, Valparaiso region, Chile, Athens, U.S, Australia, Melbourne, Miami, Miami , Florida, Dhaka, Bangladesh, Australian

☆ Samsung says it needs to 'redefine' its voice assistant Bixby with generative AI upgrade
▼ + stars: | 2024-04-01 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +3 min

"So Bixby has been a key voice assistants voice assistant for Samsung not just for the mobile devices, but also for TVs and digital appliances that exist in Samsung's ecosystem. So it has been the core voice assistant assistant so far," Won-joon Choi, executive vice president at Samsung's mobile business, told CNBC in an interview last month. Choi did not give a timeline when Bixby may get generative AI features, but said that Samsung is "working so hard" to deliver them. Samsung's focus on the technology comes at a time when investors are scrutinizing what Apple will deliver when it comes to generative AI. Apple announced it would hold its annual developers conference, WWDC, in June, when the company is largely expected to talk up some AI features across its products.

Persons: SeongJoon Cho, Bixby, Samsung's Bixby, joon Choi, Choi Organizations: Samsung Electronics Co, Samsung, Bloomberg, Getty, CNBC, Galaxy, Google, Apple Locations: Seoul, South Korea

☆ Here's our fourth-quarter earnings report card for 31 stocks in the portfolio
▼ + stars: | 2024-03-19 | by ( Zev Fima | ) www.cnbc.com time to read: +14 min

Please note, that Abbott Laboratories is not listed below as we did not own the name before the company's earnings release. Meta Platforms had one of the best earnings reports of the entire season, as sales, earnings, and cash flow trounced expectations. Despite missing earnings expectations, Coterra Energy delivered where it matters most: discretionary and free cash flow. Honeywell 's earnings results weren't great, with sales missing across the board and segment profit results coming up mixed. Given the stock's reaction, one might wonder why we don't think the earnings results from Palo Alto Networks were flat-out ugly.

Persons: we've, Eaton, Eli Lilly, Mounjaro, Bausch, Estee Lauder, Fabrizio Freda's, Linde, shouldn't, Morgan Stanley, Procter & Gamble, Stanley Black, Decker, We're, Wells Fargo, Nikesh Arora, Palo, they've, Locker, Jim Cramer's, Jim Cramer, Jim, Satya Nadella, Nadella, SeongJoon Cho Organizations: Abbott Laboratories, Wall, GE Healthcare, Meta, Microsoft, Investors, Nvidia, Wynn Resorts, Pharmaceuticals, Broadcom, Coterra Energy, Disney, Federal Deposit Insurance Corporation, Procter &, TJX, Google Services, Constellation Brands, Costco Wholesale, Costco, DuPont, Honeywell, Palo Alto Networks, Palo Alto, Management, Jim Cramer's Charitable, CNBC, Bloomberg, Getty Locations: U.S, Ford, China, Macao, Las Vegas, Boston, Wells Fargo underdelivered, Seoul

SEOUL, South Korea (AP) — South Korea's government criticized senior doctors at a major hospital for threatening to resign in support of the weekslong walkouts by thousands of medical interns and residents that have disrupted hospital operations. But in some major hospitals like the Seoul National University Hospital, they account for about 30%-40% of the total doctors, assisting senior doctors during surgeries and dealing with inpatients while training. Their walkouts have subsequently caused numerous canceled surgeries and other treatments at their hospitals and burdened South Korea’s medical service. But doctors say newly recruited students would also try to work in the capital region and in high-paying fields like plastic surgery and dermatology. Critics say doctors — one of the best-paid professions in South Korea — are only worrying about the possibility of a lower income in the future.

Persons: JaeSeung, Park, Cho KyooHong Organizations: Seoul National University Hospital, Health Locations: SEOUL, South Korea, South

☆ Why South Korea's Japan-style measures to boost its stock market may not work
▼ + stars: | 2024-02-28 | by ( Shreyashi Sanyal | ) www.cnbc.com time to read: +3 min

An inflatable bull during a ceremony marking the first day of trading of the year at the Korea Exchange (KRX) headquarters in Seoul, South Korea, Tuesday, Jan. 2, 2024. SeongJoon Cho/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty ImagesSouth Korea's Japan-style measures for improving corporate governance may not be enough to boost its undervalued stock markets and tackle the so-called "Korea discount." Asia's fourth-largest economy is striving to boost stock market valuations that are considered much lower compared to peers, with analysts referring to the phenomenon as the "Korea discount." The 'chaebol' problemSouth Korean markets are made up of corporations called "chaebols," which are large family-owned global conglomerates, typically controlled by the founder's family. "The behavior that leads to South Korea's low stock prices is motivated, and therefore seeking to coax South Korean controlling families into 'being nice' to minority stockholders is unlikely to be successful," Pines said.

Persons: SeongJoon Cho, James Lim, Jonathan Pines, Federated Hermes, Daniel Tan Organizations: Korea Exchange, Bloomberg, Getty Images Bloomberg, Getty, Financial, FSC, Samsung Electronics, LG, SK, Hyundai, Dalton Investments, Japan, Korean Stock Exchange, Federated, Grasshopper Asset Management, CNBC Locations: Seoul, South Korea, Japan, Korea, Tokyo, Asia, Singapore

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