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☆ Samsung’s Consumer-Products CEO Expects Tech Slump to Persist Through 2023
▼ + stars: | 2023-01-05 | by ( Jiyoung Sohn | ) www.wsj.com time to read: 1 min

Han Jong-hee, vice chairman and co-CEO of Samsung, speaking at the CES annual trade show in Las Vegas last year. SUWON, South Korea— Samsung Electronics Co.’s consumer gadgets chief expects demand for tech gadgets to remain sluggish through this year as high inflation, rising interest rates and a strong dollar weigh on sales. Han Jong-hee, vice chairman and co-CEO of the South Korean technology company, said he hoped the current industry downturn, which has pulled Samsung back from a run of record profits, will begin to improve in the second half of the year.

☆ Trump-backed Walker loses: Three takeaways from Georgia U.S. Senate runoff
▼ + stars: | 2022-12-07 | by ( James Oliphant | ) www.reuters.com time to read: +6 min

[1/2] Republican U.S. Senate candidate Herschel Walker gives a concession speech during his election night party after losing the U.S. midterm runoff election to Democratic U.S. Senator Raphael Warnock beat Republican challenger Herschel Walker in a Georgia runoff election that fortified Democrats' Senate majority and handed the Republican Party another bitter loss to cap a disappointing midterm election season. Trump held two rallies for Walker in Georgia, but did not come to the state for the runoff, only phoning in to boost supporters on Monday night. That forced uncomfortable congressional Republicans to respond to Trump's statements in the days before the runoff election, pulling the focus from Walker's candidacy. At one rally prior to the runoff, Walker publicly mused about whether a werewolf could kill a vampire.

☆ Truist upgrades MGM Resorts, says strong 2023 Las Vegas Strip calendar can boost stock more than 30%
▼ + stars: | 2022-12-05 | by ( Fred Imbert | ) www.cnbc.com time to read: +1 min

MGM Resorts could be in for a big rally in the new year thanks to a jam-packed events calendar on the Las Vegas Strip, according to Truist. This event was held in Las Vegas last year, but Jones noted that comps will be easy to beat as the omicron Covid variant breakout hindered turnout. Other events slated to take place on the strip include the Formula 1 Las Vegas Grand Prix in the third quarter and the electric Daisy Carnival in the second quarter. Attendance to the former is expected around 170,000, while turnout for the latter is forecast at more than 400,000, Truist said. Still, he thinks that "the number and quality of events planned for Vegas should drive relative outperformance."

☆ Rory McIlroy fulfills promised return to world No.1 position after CJ Cup title defense
▼ + stars: | 2022-10-24 | by ( Jack Bantock | ) edition.cnn.com time to read: +4 min

CNN —When Rory McIlroy won the 2021 CJ Cup, he insisted he was still capable of being the world’s best golfer. It marks the ninth occasion the 33-year-old McIlroy has held top spot in his career, with only Tiger Woods and Greg Norman – both 11-time No. Then ranked 8th in the world, McIlroy had given a tearful interview following Europe’s historic 19-9 loss at Whistling Straits, arguing he “should have done more”. If victory in his first subsequent outing had been his way of exorcising any Ryder Cup demons, the Northern Irishman has just gone from strength to strength this year. “I had a really rough Ryder Cup … I was outside the top-10 in the world, it’s not a position that I’m used to being in.

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