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KOSPI, Samsung Soar After 11th-Hour Union Deal Averts Chip Strike; Workers Eye $340k Bonuses
KOSPI, Samsung Soar After 11th-Hour Union Deal Averts Chip Strike; Workers Eye $340k Bonuses
South Korea's benchmark KOSPI jumped overnight after Samsung Electronics reached a tentative wage-and-bonus agreement with its main labor union, neutralizing the immediate risk of a paralyzing strike at the world's largest memory-chip producer.
The wage-and-bonus deal removes a major supply-chain threat in an already tight memory market, where AI data center buildouts have driven surging demand, soaring prices, and heightened procurement risk across global semiconductor supply chains.
Samsung Electronics' shares surged after it clinched an 11th-hour deal with...
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Apr 1, 2026 / Tyler Durden
Why The Shield Of The Americas Matters Now: Noem's Latin American Visit Signals A New Security Doctrine
Why The Shield Of The Americas Matters Now: Noem's Latin American Visit Signals A New Security Doctrine
Authored by Duggan Flanakin via The Epoch Times (emphasis ours),
The rapid evolution of U.S. national security strategy in the Western Hemisphere has taken a decisive turn with the launch of the Shield of the Americas—a multinational initiative that is already reshaping diplomatic, military, and law enforcement cooperation across the region.
Soldiers stand guard during a visit of special envoy of the U.S. Shield of the Americas Program Kristi Noem outside the Carondelet Palace in...
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Oct 2, 2026 / Tyler Durden
Tesla Delivers 486,432 Vehicles In Q3, Handily Beating Wall Street Forecasts
Tesla Delivers 486,432 Vehicles In Q3, Handily Beating Wall Street Forecasts
Tesla handily beat expectations on deliveries for Q3 this morning, handing the electric vehicle maker a sizable beat against Wall Street forecasts.
The company delivered 486,532 vehicles during the quarter, well above the roughly 461,000 units analysts surveyed by FactSet had been expecting. Tesla’s own compilation of sell-side estimates had put the consensus at 461,974 vehicles, meaning actual deliveries came in roughly 24,500 vehicles, or about 5.3%, above that figure.
Of the 486,532 vehicles delivered, Model 3/Y accounted for 478,237 vehicles.
The...
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Mar 3, 2026 / Tyler Durden
Trump Announces US To Cover Insurance For All Ships Traveling Through Gulf, Will Provide US Navy Escorts
Trump Announces US To Cover Insurance For All Ships Traveling Through Gulf, Will Provide US Navy Escorts
Update (1440ET): Moments ago President Trump announced that the United States will provide insurance for "ALL Maritime Trade" via the US Development Finance Corporation (DFC), and will provide Navy escorts, "if necessary."
Effective IMMEDIATELY, I have ordered the United States Development Finance Corporation (DFC) to provide, at a very reasonable price, political risk insurance and guarantees for the Financial Security of ALL Maritime Trade, especially Energy, traveling through the Gulf. This will be available to all Shipping Lines....
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