South Korean President Lee Jae Myung urged balance between labor and management as Samsung Electronics faces a potential 18-day strike starting May 21. The union demands higher performance bonuses, seeking 15% of operating profit, while Samsung offered 10% plus a special compensation. The strike could involve over 47,000 workers and cost Samsung about $20 billion, with significant risks to South Korea's economy since Samsung accounts for 12.5% of GDP and nearly a quarter of exports. Government officials warn of severe economic fallout and are pushing for a resolution before the strike begins, with emergency measures possible if disruptions escalate.
Anthony Scaramucci criticized the US decision to grant China permanent trade relations and WTO membership, saying it allowed China to protect its economy while exporting freely to the US. He argued that China used this advantage to take US technology...
Bitcoin's on-chain data reveals nearly 60% of its supply hasn't moved in over a year, indicating strong long-term holder conviction. Exchange-held Bitcoin has dropped to a six-year low as about 500,000 BTC have left exchanges, reducing sell-side supp...
AlphaPepe's presale is nearing sell-out at Stage 16, having raised over $1.25 million and attracted more than 8,700 holders. The project also boasts over 4,000 active users on its AlphaSwap AI-powered decentralized exchange demo and has completed a 1...
Cerebras (CBRS) debuted with a valuation exceeding $100 billion, driven by hype despite having only two paying customers in the UAE. The stock quickly dropped nearly 28%, trading at 134 times trailing revenue, far above Nvidia's multiple, amid concer...
Crude oil futures jumped significantly last week, with July WTI crude rising over 11% to $101.16 and Brent crude up more than 8.5% to $109.71. The surge is driven by ongoing disruptions in the Strait of Hormuz, a critical oil shipping route, causing ...
