New York stock market closes lower despite news of slowing job market, big tech energy stocks weak

New York stock market closes lower despite news of slowing job market, big tech energy stocks weak

[비즈니스포스트] The New York stock market closed lower. News of the slowdown in the job market raised expectations of easing austerity measures, but major indexes all closed lower. At the New York Stock Exchange (NYSE) on the 6th local time, the Dow Jones Industrial Average closed at 36,054.43, 70.13 points (0.19%) lower than the previous … Read more

Lee Hoon-ki was appointed as CEO of Lotte Group Chemical Group and Lotte Chemical, and Vice Chairman Kim Kyo-hyun resigned.

Lee Hoon-ki was appointed as CEO of Lotte Group Chemical Group and Lotte Chemical, and Vice Chairman Kim Kyo-hyun resigned.

[비즈니스포스트] The new general CEO of Lotte Group’s chemical group (Lotte Chemical, Lotte Fine Chemical, Lotte Energy Materials, Lotte Aluminum, Lotte Energy Materials) and the new CEO of Lotte Chemical. Lee Hoon-ki, head of ESG Innovation Management at Lotte Holdings and CEO of Lotte Healthcare. was appointed. Lotte Group announced on the 6th that it … Read more

LS Materials general subscription competition rate 1164.5 to 1, margin over 12 trillion won

LS Materials general subscription competition rate 1164.5 to 1, margin over 12 trillion won

▲ LS Materials employees producing ultracapacitors (UC). [비즈니스포스트] LS Materials successfully completed its public offering for general investors. LS Materials announced on the 4th that the competition rate was 1,164.5 to 1 as a result of closing the public offering stock subscription for general investors on the 1st and 4th. The subscription margin amounted to … Read more

LG Display Jeong Cheol-dong “Performance turnaround is an urgent priority, driven by cost innovation”

LG Display Jeong Cheol-dong “Performance turnaround is an urgent priority, driven by cost innovation”

[비즈니스포스트] Jeong Cheol-dong, the newly appointed CEO of LG Display, showed his determination to turn the business into a surplus with his inauguration. In his inauguration message to all executives and employees as he began his official duties on the 1st, President Chung said, “Performance turnaround (recovery) is the most urgent priority,” and “To this … Read more

Korea International Trade Association Chairman Koo Ja-yeol, “Lee Jae-yong, Chung Eui-sun, and Koo Kwang-mo are doing well. Reading the global market well.”

Korea International Trade Association Chairman Koo Ja-yeol, “Lee Jae-yong, Chung Eui-sun, and Koo Kwang-mo are doing well. Reading the global market well.”

▲ Koo Ja-yeol, Chairman of the Korea International Trade Association, is speaking at a press conference held at the Trade Tower in Gangnam-gu, Seoul to commemorate the 60th Trade Day on the 29th. [비즈니스포스트] Koo Ja-yeol, Chairman of the Korea International Trade Association, positively evaluated the management abilities of Samsung Electronics Chairman Lee Jae-yong, Hyundai … Read more

Hi Investment “The hawkish members of the US Federal Reserve turn into doves and the dollar is expected to weaken further”

Hi Investment “The hawkish members of the US Federal Reserve turn into doves and the dollar is expected to weaken further”

[비즈니스포스트] As members of the U.S. Federal Reserve (Fed), which had shown a hawkish stance, signaled the end of the interest rate hike cycle, there was a prediction that the dollar’s weakening trend could strengthen. Park Sang-hyun, a researcher at Hi Investment & Securities, said on the 30th, “Following the transformation of Federal Reserve Chairman … Read more

The average price of LFP batteries is at an all-time low, and Chinese electric vehicle batteries are becoming more competitive.

The average price of LFP batteries is at an all-time low, and Chinese electric vehicle batteries are becoming more competitive.

▲ As LFP battery prices drop to an all-time low, analysis is gaining ground that the influence of Chinese companies in the electric vehicle battery market will further increase. The photo shows Chinese battery company CATL (Ning The Die) unveiling its new battery product, Shenxing, on August 16. [비즈니스포스트] It was calculated that the average … Read more

KOSPI rises to 2510 points intraday amid foreign net purchases, attempts to enter KOSDAQ 820 points

KOSPI rises to 2510 points intraday amid foreign net purchases, attempts to enter KOSDAQ 820 points

[비즈니스포스트] The KOSPI index and KOSDAQ index are rising side by side during the day. As of 11:38 am on the 23rd, the KOSPI index is recording 2517.05, 5.35 points (0.21%) higher than the previous day. ▲ On the 23rd, the KOSPI index and KOSDAQ index are rising during the day. The photo shows the … Read more

Analysis of “Sam Altman’s recruitment as a safety measure for Microsoft”, investment in Open AI becomes uncertain

Analysis of “Sam Altman’s recruitment as a safety measure for Microsoft”, investment in Open AI becomes uncertain

▲ Analysis suggests that Microsoft’s hiring of former OpenAI CEO Sam Altman was aimed at avoiding large-scale investment risks. The photo shows OpenAI CEO Sam Altman attending a conference held at Tel Aviv University in Israel on June 5. [비즈니스포스트] There is growing speculation that Microsoft’s hiring of OpenAI founder Sam Altman may be a … Read more

New York Stock Exchange’s rise centered on technology stocks, influenced by Sam Altman joining MS and Nvidia performance expectations

New York stock market closes lower despite news of slowing job market, big tech energy stocks weak

[비즈니스포스트] The New York stock market closed higher. As news of former Open AI CEO Sam Altman’s departure broke, technology stocks, including those related to artificial intelligence (AI), showed strength. ▲ The New York stock market closed strongly on the 21st local time. The photo is of the New York Stock Exchange. At the New … Read more