Author: franperez66q@protonmail.com

South Korean Finance Minister Koo Yun-cheol said on Tuesday he would try to derive a mutually beneficial trade agreement with the United States. Bloomberg | Bloomberg | Getty ImagesSouth Korea’s finance minister apologized on Wednesday after retail investors racked up heavy losses from leveraged bets on stocks, following rule changes earlier this year. The May 27 introduction of single-stock leveraged Exchange Traded Funds has seen Korean retail investors pile in with net purchases of 14 trillion won ($9.7 billion), compared with roughly 2 trillion won by foreign investors, according to KB Financial Group.But the speculative trading boom that helped fuel…

Analysts react to steep rout in South Korea stocks Source link

Last week’s unprecedented security event in which two OpenAI security hacking models trespassed into the network of fellow AI company Hugging Face was enabled by exploiting one or more zero-day vulnerabilities in Artifactory, JFrog, the product’s developer, said Monday. In an incident mimicking a dystopian sci-fi novel, two OpenAI models broke out of the restricted environment meant to keep them from accessing the Internet during an internal test, the AI company revealed last week. The models went on to breach Hugging Face’s network and steal confidential information and credentials. OpenAI said its agent achieved the feat by exploiting a previously…

Crowds in Trafalgar Square during a rally to promote war bonds in December, 1917.Topical Press Agency | Hulton Archive | Getty ImagesThis report is from this week’s CNBC UK Exchange newsletter. Like what you see? You can subscribe here.The dispatchIn 1914, the United Kingdom was one of the world’s wealthiest countries, but by the end of the year it still needed to finance the war it had been fighting with Germany and its allies since August.The solution was to borrow from investors via a so-called “war loan,” offering a coupon of 3.5%, repayable between 1925 and 1928.Evidence unearthed by Norma Cohen,…

Rescuers in Japan haul survivors from collapsed mall as earthquake toll rises to 13 Source link

CNBC’s Jim Cramer on Tuesday urged investors to resist getting greedy when stocks go parabolic.”Instead, I say go for the stairstep stocks. They won’t seem to make you as money as fast as a stock running parabolic, but notice the word seem,” the “Mad Money” host said. ” Remember, you don’t make money until you sell and the vast majority of people who are in a parabola never let go.”A parabolic move occurs when a stock’s gains accelerate rapidly, often after a strong catalyst draws in momentum investors and pushes shares sharply higher. While those rallies can generate outsized returns,…

UBS reports Q2 net profit of $2.8 billion, beating expectations Source link

MUNICH—It has taken Audi a little longer than its rivals, but with the debut of the 2027 Q9 this evening, the company has joined them in offering a range-topping full-size SUV. No, not the Q7, although a third-generation version of that vehicle broke cover in June. The car was designed first and foremost for Europe, with a third row of seats that’s fine for small children or occasional use. But in America, there’s a segment one size larger, pioneered by the Cadillac Escalade, and it’s here we find the new Audi. With no concrete plans to replace the A8 sedan…

Musk’s X says Australia social media ban crackdown undermines international law Source link

A semiconductor wafer is on display at Touch Taiwan, an annual display exhibition in Taipei, Taiwan April 16, 2025. Ann Wang | ReutersAsian technology stocks extended their sell-off on Wednesday, with semiconductor names leading declines after another weak session in the U.S.In South Korea, SK Hynix slid more than 10% after the chip giant missed analysts’ estimates despite posting record quarterly profit and revenue. Samsung Electronics lost over 4%, while LG Innotek fell 9% and Seoul Semiconductor dropped over 6%. The latest weakness in Asian chip stocks reflects “the ongoing deleveraging process in Korea and softer sentiment towards global technology stocks,”…