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I’m tripping over their bodies,” said Sydney Seiler, the U.S. national intelligence officer for North Korea from 2020 to 2023. “Kim Jong Un is selling North Korean soldiers as cannon fodder mercenaries,” South Korean Defense Minister Kim Yong-hyun said last month. It’s an entirely new environment for the North Korean soldiers, who live in one of the most isolated and repressive countries in the world. The Russian military is teaching the North Korean soldiers about 100 key military terms, but “North Koreans are having a difficult time learning Russian,” South Korean lawmakers Lee Sung-kwon and Park Sun-won said last month. North Korean soldiers’ inexperience could be another point of friction and a major factor in how they are deployed.
Persons: Kim Jong Un, Vladimir Putin, Putin, , Sydney Seiler, Seiler, Gavriil, Joe Biden, Yoon Suk Yeol, Shigeru Ishiba, Kim, “ Kim Jong, Kim Yong, hyun, John Hardie, Lee Sung, Bruce Bennett, ” Hardie, Bennett, ” Bennett, Edward Howell, , ” Howell, Stella Kim Organizations: Ukraine, North, NBC News, U.S, The State Department, Korea’s National Intelligence Service, NBC, Center for Strategic, International Studies, Getty Images, Economic Cooperation, South Korean Defense, Pentagon, Politico, South Korea’s National Intelligence Service, North Korean, South Korean National Intelligence Service, AFP, Getty, Korean, Battalion, Russian Ministry of Defense, Foundation for Defense of Democracies, South, Sun, Rand Corp . Communication, Chatham House Locations: SEOUL, South Korea, Ukraine, Moscow, Russia, U.S, North Korea, Russian, Kursk, Korean, Korea, Washington, Pyongyang, Getty Images North Korea, South, Asia, Lima , Peru, The U.S, California, Ukrainian, London, Seoul, Hong Kong
Career experts spoke to BI about the small details in an interview that could cost you a dream role. Some job seekers report applying to hundreds of jobs before landing an interview. AdvertisementJulia Toothacre and Jerry Lee at career consulting firm Wonsulting, spoke to Business Insider about the tiny details things that could cost you a job offer. Lee, who previously worked at Google, said he would usually smile at the receptionist and chat a little before every interview. "If you don't have anything, that is a signal to them that you're not necessarily taking the interview seriously."
Persons: , Julia Toothacre, Jerry Lee, Wonsulting, Lee, Toothacre, she's, it's, I've Organizations: BI, Service, US Bureau of Labor Statistics, Google
There are questions on whether North Korea has acquired the technology to shield warheads from the high-temperature, high-stress environment of atmospheric reentry. Many foreign analysts say North Korea also must have improved altitude control and guidance systems for missiles. They say North Korea needs an ability to place multiple warheads on a single missile to defeat its rivals’ missile defenses. All of North Korea’s known ICBM tests, including Thursday’s, have been performed on steep angles to avoid neighboring countries. North Korea’s reported troop dispatch highlights the expanding military cooperation between North Korea and Russia.
Persons: ” KCNA, Kim Jong Un, , Kim, , Lee Sung Joon Organizations: North, Thursday, Korean Central News Agency, “ matchless, Observers, U.S Locations: SEOUL, South Korea, North Korea, U.S, North, Korea, Korean, Russia, Ukraine
DPRK stands for the Democratic People's Republic of Korea, North Korea's official name. South Korea's Joint Chiefs of Staff said North Korea could have tested a new, solid-fueled long-range ballistic missile. He said the North Korean missile was launched on a high angle, apparently to avoid neighboring countries. They say North Korea likely possesses short-range missiles that can deliver nuclear strikes across all of South Korea. North Korea last test-fired an intercontinental ballistic missile in December 2023, when it launched the solid-fueled Hwasong-18.
Persons: Jung Yeon, Kim Jong Un, Kim, Lee Sung Joon, Gen Nakatani, Lee, KCNA, Sean Savett, Savett Organizations: Korean, Getty, North, Defense Ministry, DPRK, North Korean Defense Ministry, Democratic People's, Korea's, Chiefs, Staff, North Korean, Japanese, South Korean, . National Security, South, U.S Locations: Seoul, Korea, U.S, United States, South Korea, Japan, Washington, Ukraine, North Korea, Democratic People's Republic of Korea, North, American
“Minari” Oscar winner Youn Yuh-jung has joined Season 2 of “Beef.”Netflix officially announced on Wednesday that the series, from Lee Sung Jin and A24, would return for a second season with Oscar Isaac, Carey Mulligan, Charles Melton and Cailee Spaeny. She became the first Korean to win an acting Oscar. Valerie Macon / AFP - Getty Images file“Beef” was originally a limited series starring Yeun and Ali Wong that became a breakout hit on Netflix and won eight Emmys — including for best limited series, directing, writing and acting for both Yeun and Wong. In Season 1, Yeun and Wong played Danny Cho and Amy Lau, two strangers in Los Angeles whose lives become entangled after a road rage incident. Lee is the creator and showrunner of “Beef,” and he executive produces Season 2 alongside Jake Schreier, Yeun and Wong.
Persons: “ Minari ”, Youn Yuh, jung, Lee Sung Jin, Oscar Isaac, Carey Mulligan, Charles Melton, Cailee, ” Youn, , Steven Yeun, Oscar, Youn’s, Valerie Macon, , Yeun, Ali Wong, Wong, Danny Cho, Amy Lau, Lee, Jake Schreier Organizations: , Netflix, Apple, Getty, Globes Locations: “ Beef, Korean, AFP, Los Angeles
Seoul, South Korea CNN —North Korea blew up parts of two major roads connected to the southern part of the peninsula on Tuesday, South Korean authorities said, after Pyongyang warned it would take steps to completely cut off its territory from the South. South Korea's Defense MinistryOn Monday, South Korea said it had detected signs that North Korea was preparing to demolish roads that connect the two countries, warning that the explosions could occur imminently. The blasts come a few days after North Korea accused South Korea of flying propaganda-filled drones over its capital Pyongyang and threatened “retaliation,” in the latest tit-for-tat exchange following months of Pyongyang sending trash-laden balloons to the South. North and South Korea have been separated since the Korean War ended in 1953 with an armistice agreement. Since January, Pyongyang has fortified its border defenses, laying land mines, building anti-tank traps and removing railway infrastructure, according to the South Korean military.
Persons: Lee Sung, joon, Kim Jong, Kim, ” KCNA, KCNA, , Leif, Eric Easley, “ Kim Jong Un Organizations: South Korea CNN, Seoul’s, Chiefs of Staff, South Korean Defense Ministry, South Korean, South Korea's Defense Ministry, Korea's Defense, Defense Ministry, North, Korean People’s Army, DPRK, Democratic People’s, US, South, Ewha Womans University Locations: Seoul, South Korea, North Korea, Pyongyang, West, East, Korean, Korea, North, Democratic People’s Republic of Korea, Russia
SEOUL, South Korea — North Korea is getting ready to blow up roads that cross the heavily militarized border with South Korea, Seoul said Monday, amid an escalating war of words after the North accused its rival of sending drones over its capital, Pyongyang. North Korea on Friday accused South Korea of sending drones to scatter a “huge number” of anti-North leaflets over Pyongyang, in what it called political and military provocation that could lead to armed conflict. The North Korean army said last week that it would completely cut roads and railways connected to South Korea and fortify the areas on its side of the border, KCNA reported. North Korea over the weekend warned of a “horrible disaster” if South Korean drones were again found to be flying over Pyongyang. South Korea has sought to strengthen its anti-drone defenses since 2022, Lee said, when five North Korean drones entered its airspace and flew over the capital, Seoul, for several hours.
Persons: Lee Sung, Kim Yo Jong, Kim Jong Un, mongrels, , Lee, Lee Kyoung Organizations: South’s, Chiefs of Staff, South Korean, Yankees, North, Jungwon University Locations: SEOUL, South Korea, North Korea, Seoul, Pyongyang, North, Korea, United States, Washington
SEOUL, South Korea (AP) — As the plane descended into Seoul, Robert Calabretta swaddled himself in a blanket, his knees tucked into his chest like a baby in the womb. The South Korean government has accepted a fact-finding commission under pressure from adoptees, and hundreds have submitted their cases for review. Western governments turned a blind eye, sometimes even pressuring South Korea for children, while promoting the narrative that they were saving orphans with no other options. Robert Calabretta, right, and his biological father, Lee Sung-soo, during a visit in Daegu, South Korea, in August 2020. Laurie Bender was approached by a strange woman while playing in the front yard in South Korea in 1975.
Persons: Robert Calabretta swaddled, they’d, , , , doesn’t, Robert Calabretta, Lee Sung, Calabretta, “ You’re, Patricia Nye, ” Nye, Holt, weren’t, ” Michaela Dietz, Robyn Joy Park, Rae, hasn't, Jae, Lee, ” Lee, Lee Moo, wasn’t, David Goldman, she’d, Laurie Bender, Bender, Han Tae, Philsik Shin, Helen Noh, Noh, ” Noh, he’d, Susan Soonkeum Cox, Kim Jin Sook, Francis Carlin, ” Carlin, , Carlin, ” Bender, you’ve, Han Organizations: The Associated Press, South, AP, Frontline, International Social Service, University of Minnesota, ISS, BBC, , Holt Children’s Services, Eastern Social Welfare Society, Korea Welfare Services, Korea Social Service, Records, Health Ministry, Red Cross Hospital, U.S, Korea’s Anyang University, Seoul’s Soongsil University, Holt International, Catholic Relief Services, South Korean, FRONTLINE, PBS Locations: SEOUL, South Korea, Seoul, United States, South, Western, adoptees, U.S, Australia, Daegu, Korean, West, Korea, Geneva, , Asia, Europe, North America, Pasadena , Calif, Boryeong, American, New York, , Oregon, Holt, Holt Korea
SEOUL, South Korea — North Korean leader Kim Jong Un oversaw the delivery of 250 new tactical ballistic missile launchers to front-line troops, state media KCNA reported on Monday, which Seoul said could be used to threaten South Korea. The launchers have been described by state media as a modern tactical attack weapon personally designed by Kim and ready to be transferred to Korean People’s Army units on the border with the South. North Korea said it test-fired a new tactical ballistic missile last month. In a speech, Kim blamed the United States for creating a “nuclear-based military bloc” that forced his country to further strengthen military capabilities. A spokesperson for Seoul’s unification ministry handling inter-Korean affairs said North Korea’s illegal nuclear and missile programs were the primary threat to peace and stability on the Korean Peninsula.
Persons: Kim Jong Un, Kim, ” Lee Sung, joon Organizations: Korean People’s Army, ., South Korea’s, Chiefs of Staff Locations: SEOUL, South Korea, North, Seoul, . North Korea, South, United States
Seoul, South Korea CNN —A ballistic missile launched by North Korea on Monday might have had an “abnormal” flight trajectory and could have fallen inland, possibly near the capital of Pyongyang, the South Korean military said. North Korea launched two ballistic missiles on Monday morning, according to reports from the South Korean, American and Japanese governments. South Korea later said the North Korean claim was false. Meanwhile, both nations are drawing closer to their respective partners – with North Korea recently signing a defense agreement with Russian President Vladimir Putin and South Korea stepping up cooperation with Japan and the United States. “Pyongyang is also determined not to appear weak while South Korea conducts defense exercises with Japan and the United States.”
Persons: Lee Sung, ” Lee, Lee, Kim ramped, Vladimir Putin, Leif, Eric Easley, Kim, Organizations: South Korea CNN, North, South Korean, South Korea’s, Chiefs of Staff, Korean Central News Agency, Nations, Ewha Womans University, Central Committee, Worker’s Party, South Locations: Seoul, South Korea, North Korea, Pyongyang, South, South Hwanghae, Changyon, North Korea’s, Japan, United States
Bitcoin holders will see a huge appreciation in the coin by the end of the year. The crypto is on track to hit $150,000 as it clears an overhang created by Mount Gox repayments, Tom Lee said. Bitcoin has had a strong year so far, hitting a fresh record high before edging lower in recent weeks. AdvertisementBut the impact of repayments will fade, Lee suggested, forecasting another big rally to boost bitcoin through the rest of this year. "Bitcoin's probably suffering from the Mount Gox starting distributions in July.
Persons: Tom Lee, Bitcoin, , Lee, Gox, Bitcoin's, bitcoin Organizations: Service, bitcoin, Mount, CNBC
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRussia and North Korea have become 'partners in crime', says Wilson Center fellowLee Sung-Yoon of the Woodrow Wilson International Center for Scholars discusses the third summit between North Korea and Russia and their growing strategic partnership.
Persons: Lee Sung, Yoon Organizations: Russia, Wilson Center, Woodrow Wilson International Center, Scholars Locations: North Korea, Russia
Seoul, South Korea CNN —South Korean forces fired warning shots on Sunday after North Korean troops accidentally crossed their shared border, Seoul’s military said, as tensions simmer on the Korean Peninsula following a series of tit-for-tat exchanges between the two sides. “There were no unusual movements other than the North Korean army immediately moving north after our warning shots,” said Col. Lee Sung-jun, spokesperson for South Korea’s Joint Chiefs of Staff. Video Ad Feedback How South Korea is retaliating against North Korea’s trash balloons 02:48 - Source: CNNThe 160-mile demilitarized zone (DMZ) dividing North and South Korea is one of the world’s most heavily armed borders. The South Korean military said about 20 North Korean troops were involved but could not determine how many actually crossed the MDL. They did not disclose the number of warning shots fired.
Persons: , Lee Sung, Kim Yo Jong, Kim Jong Un, Lee Organizations: South Korea CNN — South, North, South Korean, North Korean, Korean, South Korea’s, Chiefs, Staff, South, Sunday, CNN, Joint Chiefs Locations: Seoul, South Korea, South, Korea, North
That's because inflation is set to fall "dramatically" through the rest of the year, Lee predicted. AdvertisementInvestors should be buying stocks this month, as inflation is bound for a steep decline for the rest of the year, according to Fundstrat's head of research Tom Lee. Real-time price declines will eventually catch up with the official inflation report. High rates risk tipping the economy into a recession and sparking market volatility, as investors, banks, and consumers grapple with a higher cost of borrowing. It is quite high, and as you know, it's putting a lot of pressure on regional banking ... the cost of money is quite high," Lee said.
Persons: Tom Lee, Lee, , That's, it'll Organizations: Service, CNBC
Its new "turtle tanks" may look silly, but there are indications they may be effective. Some OSINT pages highlighted the turtle tank's role in the assault on Krasnohorivka. Abandoned Russian ‘turtle’ tank on the Krasrohorivka front. AdvertisementVideos of Russian “turtle” tanks during assaults on Chasiv Yar and Krasnohorivka. The Russian turtle tanks are a clear step beyond the widely documented "cope cages" both sides have relied on to try and shield their heavy armor throughout the war.
Persons: , Rob Lee, — Rob Lee, Lee, /htt, per a, lea, ely Organizations: Service, Foreign Policy Research Institute, Russia's, Rifle Brigade, Russia's 5th Motorized Rifle Brigade Locations: Russia, Ukraine, Moscow, Ukrainian, Krasnohorivka, Donetsk
Che told me to say that, and I’m just realizing I was set up.” “Shame, shame, shame on you.” “Shame on you!” “Shame, shame, shame, shame.”President Biden didn’t waste time. “The 2024 election’s in full swing and yes, age is an issue,” Mr. Biden said in a roughly 10-minute speech. He ended it by noting that his grandfather, who recently died, had voted for Mr. Biden in the last election. J.B. Pritzker of Illinois held court with guests as Biden campaign officials talked about recent polls showing Mr. Biden cutting into Mr. Trump’s lead. “My vice president actually endorses me,” Mr. Biden said, referring to former Vice President Mike Pence’s decision not to endorse Mr. Trump.
Persons: Biden, Donald J, , Donald, Joe, Michael Che, Che, I’m, , ” Mr, , ” “ Donald, Mr, Stormy Daniels, Trump, , , Washington Hilton, Hazami Barmada, Evan ”, Evan Gershkovich, “ We’re, Paul Whelan, we’re, Evan, Austin Tice, Deborah, Tice, Haiyun Jiang, The New York Times Kelly O’Donnell, Gershkovich, Ms, O’Donnell, Colin Jost, Advance —, Jost, Jost didn’t, mignon, Lester Holt, Jeffrey D, Al Sharpton, John Fetterman, Scarlett Johansson, Jon Hamm, Sean Penn, Chuck Schumer, J.B . Pritzker, Trump’s, Robert E, Lee, Mike Pence’s Organizations: White, ’ Association, Israel, Union, , Washington Hilton, New York Times, The New York Times, Washington, Wall Street, ., Home, U.S, Journalists, Austin, Wall Street Journal, Credit, NBC News, Staten, Advance, Mr, Black, White House, Hollywood, Democratic, Illinois, Biden, Locations: Gaza, New York, York, Russia, Moscow, The U.S, Syria, Pennsylvania, Gettysburg
The job of commanding a nuclear submarine should go to smart and well-qualified officers. Chinese submarine officers — except for engineers — tend to come from candidates with the lowest college entrance test scores, according to a US analyst. "Life in the PLAN submarine service is difficult," Christopher Sharman, director of the China Maritime Studies Institute, told Business Insider. By stressing Chinese submarine commanders, such as confronting them with multiple or unexpected challenges, they could be goaded into making a mistake. On the other hand, a Chinese submarine captain will have had years of experience and additional training before assuming command.
Persons: Roderick Lee, Lee, they've, George McClellan, , George Patton, Christopher Sharman, Michael Peck Organizations: Service, Liberation Army Navy, PLAN, Business, Gaokao, PLA, People's, Army, PLAN Engineering University, China Maritime Studies, US Naval War, Submarine Academy, China Daily, Reuters, China's, Military Medical University, China Sea, China Maritime Studies Institute, Defense, Foreign Policy, Rutgers Univ, Twitter, LinkedIn Locations: Japan, Taiwan, West, China, Russia, South China, Chinese, Forbes
CNN —Scientists may have pinpointed a massive, oddly shaped volcano taller than Mount Everest on the surface of Mars — and it has been hiding in plain sight for decades, according to new research. Some of the largest volcanoes on Mars lie relatively close to the proposed “Noctis volcano.” Shown here: 1) Olympus Mons, the tallest known volcano in our solar system. This NASA visualization of the Tharsis rise shows Olympus Mons, Tharsis Montes, Noctis Labyrinthus, and Valles Marineris. NASA SVSA volcano, a glacier and the history of MarsThe existence of a volcano in Noctis Labyrinthus could also help explain the creation of this bizarre landscape. The existence of a volcano in the region, Lee said, might offer more support for the latter theory.
Persons: Everest, Pascal Lee, NASA SVS Lee, Sourabh, Lee, “ It’s, , NASA’s, Noctis Labyrinthus, , ” Lee, Shubham, Adrien Broquet, we’ve, , we’re, Noctis, Ernst Hauber, ” Hauber, David Horvath —, Tucson , Arizona —, Broquet, Horvath, ” Horvath, Carl Sagan Organizations: CNN —, Mars, Planetary Science Conference, Olympus, NASA, University of Maryland, College, CNN, NASA’s Mars Reconnaissance, Marineris, Humboldt Research, German Aerospace Center, SETI Institute, German Aerospace Center’s, of Planetary Research, Planetary Science Institute Locations: The Woodlands , Texas, That’s, Mars, Noctis, Valles, Tharsis Montes, Labyrinthus, Tucson , Arizona
But Blumofe, who noted he's still a believer in the web and modern technology, cautioned we could be in for stagnation. Blumofe compared the current state of the web today to the aerospace industry in the 1960s. Today, aerospace innovation has stalled, he added. "All that was in the 60s and 70s," Blumofe noted. "If someone had gone asleep in 1975 and then woke up and looked at aerospace today they would be wildly disappointed."
Persons: Edwin E, Aldrin, Jr, we'd, underwhelmed, Robert Blumofe, Tim Berners, Lee, he's, Blumofe Organizations: United, CNBC, Boeing Locations: United States
Seoul, South Korea CNN —South Korea and the United States began their annual Freedom Shield joint military drills on Monday to bolster readiness against North Korea. The 11-day drills will integrate elements of “live exercises” with constructive simulations, according to United States Forces Korea (USFK) and South Korea’s Defense Ministry. North Korea has previously condemned US and South Korea joint military drills, but it has not yet made any official comment or response to the current exercises. In January, Kim called the South the North’s “primary foe and invariable principal enemy” and ordered a reunification monument in the North Korean capital to be demolished. Meanwhile, North Korea has fostered closer ties with Russia, providing Moscow with arms for its war in Ukraine.
Persons: Seoul’s, Lee Sung, jun, USFK, Kim Jong, Kim, Organizations: South Korea CNN, United States, North, United States Forces, Korea’s Defense Ministry, Chiefs, Staff, South, CNN North Korean Locations: Seoul, South Korea, North Korea, United States Forces Korea, Northeast Asia, Korea, Russia, Moscow, Ukraine, East Asia, United States
Now the two single moms are raising and homeschooling their six kids under age 16. She is a single mother to three kids who formed a "mommune" with her friend and colleague Jess Rodenburg, also a single mother to three kids. I needed more space and got an incredible deal on a four-bedroom house for $275,000. She's a single mom, too, also with three kids, ages 11, 9, and 7. Courtesy of Samantha SalemThe kids go up and down whenever they want, but we really haven't had problems respecting each other's space.
Persons: Samantha Salem, HOA, Salem's, , Jess Rodenburg, It's, Jess, it's, She's, Salem, they're, she's, coliving, there's, Thomas Organizations: Service, Lee, Lee Summit, Kansas City Locations: Lee Summit , Missouri, Kansas City, Missouri, Kansas, Charlotte
Lee submitted his master’s thesis film “Joe’s Bed-Stuy Barbershop: We Cut Heads,” starring Monty Ross, to the Student Academy Awards. The Student Academy Awards may not be as glitzy or high profile as the Oscars, but in its 50 years it has proven to be a vital launching ground for emerging filmmakers. Inclusion and access may sound like recent buzzwords, but the film academy has been striving to break down barriers to entry for decades. “Once your name is tied to a Student Academy Award, it just opens all of these doors,” Carter said. Like Lee did four decades earlier, he applied to the student academy awards while studying at NYU.
Persons: Spike Lee, Lee, , Monty Ross, Walter Mirisch, Pete Docter, Robert Zemeckis, Trey Parker, Patricia Riggen, Bob Saget, Patricia Cardoso, , Kendra Carter, ” Carter, Lachlan Pendragon, ” Pendragon, Giorgio Ghiotto, ” Ghiotto Organizations: New York University, Student, NYU Locations: Australian, Italy, Los Angeles
[1/5] G-dragon of K-pop group BIGBANG arrives at a police station to appear for questioning regarding his alleged illegal drug use in Incheon, South Korea, November 6, 2023. REUTERS/Kim Hong-Ji Acquire Licensing RightsINCHEON, South Korea, Nov 6 (Reuters) - The former frontman for the K-pop band BIGBANG, known as G-Dragon, appeared for police questioning on Monday over allegations of illegal drug use, the latest in a string of South Korean artists embroiled in high-profile narcotics cases. Kwon, 35, stood briefly for the media before entering a police station in Incheon where the star of the Oscar-winning film "Parasite", Lee Sun-kyun, was also questioned over the weekend on a separate allegation of illegal drug use. South Korea has tough drug laws, and crimes are typically punishable by at least six months in prison or up to 14 years for repeat offenders and dealers. Social media and foreign travel have made illegal drugs much more accessible, drug rehab advocates say.
Persons: BIGBANG, Kim Hong, Kwon Ji, Yoon Suk Yeol, Kwon, Oscar, Lee Sun, Lee, Choi Seung, Lee Seung, Dogyun Kim, Jimin Jung, Jack Kim, Ed Davies, Gerry Doyle Organizations: REUTERS, Rights, YG Entertainment, Social, Thomson Locations: Incheon, South Korea, Rights INCHEON, Korean, Korea, T.O.P
[1/3] People walk through a CCTV (closed-circuit television system) monitored alley in Itaewon, where the Halloween crowd crush occurred last year, in Seoul, South Korea, October 23, 2023. REUTERS/Kim Soo-hyeon/File Photo Acquire Licensing RightsSEOUL, Oct 28 (Reuters) - A year after 159 Halloween revellers were killed in a crowd crush in South Korea, the capital's night-life district of Itaewon was quiet on Saturday, the area's usual festivities replaced by mourning for those died. Lee Sung-min, who has lived and worked in the Seoul district for years, said he did not even realise it was the Halloween weekend until early Saturday. Many people were still looking for other places to join Halloween festivities, such as Hongdae, another popular spot among the young. "I thought Hongdae would be better than Itaewon to celebrate Halloween with my boyfriend," said Cheon Ye-ji, a 19-year-old student.
Persons: Kim Soo, Lee Sung, Lee, I've, Lee Jung, Cheon, Daewoung Kim, Jimin Jung, Soo, Choi, Helen Popper Our Organizations: REUTERS, Rights, Thomson Locations: Itaewon, Seoul, South Korea, Rights SEOUL
Stocks are still on track to end the year "significantly higher," Fundstrat's Tom Lee said. By year-end, I expect markets to be at a significantly higher level," Lee said in a video to Fundstrat clients on Wednesday. He pointed to higher bond yields and still-high inflation, which have worried investors and helped stoke a recent sell-off in equities. Lower inflation spells good news for the economy and for stocks, as it could nudge the Fed to dial back high interest rates. Central bankers raised interest rates aggressively over the past year and a half to cool off inflation, which weighed heavily on equities last year.
Persons: Stocks, Tom Lee, Lee, , there's, Brent Organizations: Service, stoke Locations: Greece, Germany
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