South Korean President Lee Jae Myung said his administration will unveil a large-scale investment project aimed at supporting a wider range of future growth engines while also preparing plans to leverage excess tax revenue generated by the semiconductor industry. Speaking at a press conference marking the first anniversary of his presidency on Monday, Lee pledged to move beyond semiconductors for ...
South Korean President Lee Jae Myung said his administration will unveil a large-scale investment project aimed at supporting a wider range of future growth engines while also preparing plans to leverage excess tax revenue generated by the semiconductor industry. Speaking at a press conference marking the first anniversary of his presidency on Monday, Lee pledged to move beyond semiconductors for driving the nation’s economy by fostering world-leading competitiveness across a range of industries. “Above all, the fruits of growth must not remain confined to a select few corporations, regions or sectors,” Lee said in prepared remarks. The comments underscore Lee’s efforts to broaden South Korea’s industrial base at a time when booming semiconductor exports have become a key driver of economic growth and also a source of resentment among those who are not benefiting from it surging profits and bonuses. Lee said the gains and opportunities generated by society as a whole should extend to small- and medium-sized enterprises and startups, spread across regions and sectors, and translate into tangible improvements in people’s daily lives. The president said his government will soon unveil a large-scale investment project that would represent what he called a “fundamental transformation” of the nation’s growth strategy. Lee also said the government will determine how to most effectively utilize surplus tax revenues generated by the semiconductor industry and ensure that the National Growth Fund fulfills its purpose of delivering “growth for all.” Read more: Huge AI Bonuses in Korea Spark Debate Over Sharing Tech Wealth Separately, Lee said his administration would seek concrete results from diplomatic and security initiatives including the revision of the Korea-US Nuclear Cooperation Agreement, the introduction of nuclear-powered submarines and efforts to restore wartime operational control ahead of schedule. He also pledged to crack down on stock-price manipulation and pro...
(RTTNews) - The Japanese stock market is trading sharply lower on Monday, extending the sharp losses in the previous two sessions, following the broadly negative cues from Wall Street on Friday. The Nikkei 225 plunging 3.7 percent to below the 64,100 level, with weakness across a
(RTTNews) - The Japanese stock market is trading sharply lower on Monday, extending the sharp losses in the previous two sessions, following the broadly negative cues from Wall Street on Friday. The Nikkei 225 plunging 3.7 percent to below the 64,100 level, with weakness across a
Timothy Moe, Goldman Sachs chief APAC regional equity strategist, says he expects South Korean stocks to bounce back after the drop that triggered a circuit breaker. He speaks with with Haidi Stroud-Watts and Shery Ahn on Bloomberg. (Source: Bloomberg)
Timothy Moe, Goldman Sachs chief APAC regional equity strategist, says he expects South Korean stocks to bounce back after the drop that triggered a circuit breaker. He speaks with with Haidi Stroud-Watts and Shery Ahn on Bloomberg. (Source: Bloomberg)
Ex-CIA Official Accused Of Inventing Secret Spy Program To Amass $40 Million Gold Hoard In one of the most insane allegations in recent U.S. intelligence history, a former senior CIA official stands accused of creating an entirely fictitious highly classified program - a "black box" special access program framed as vital continuity-of-government planning - to siphon millions of dollars in governme...
Ex-CIA Official Accused Of Inventing Secret Spy Program To Amass $40 Million Gold Hoard In one of the most insane allegations in recent U.S. intelligence history, a former senior CIA official stands accused of creating an entirely fictitious highly classified program - a "black box" special access program framed as vital continuity-of-government planning - to siphon millions of dollars in government funds for personal enrichment. The result: a personal hoard of 303 one-kilogram gold bars worth more than $40 million, roughly $2 million in cash, and 35 luxury watches discovered during an FBI raid on his Virginia home. David J. Rush is seen in his booking photo. (Alexandria Sheriff's Office/AP) The Arrest and the Hoard David J. Rush, a 49-year-old former senior executive in the CIA's Directorate of Science and Technology (DS&T), was arrested on May 19, 2026, following the May 18 search of his Ashburn, Virginia, residence. He faces a single federal charge of theft of public money, stemming from approximately $77,000 in fraudulent military leave pay he allegedly obtained by lying about his Navy status after an honorable discharge in 2015. The case has sent shockwaves through the U.S. intelligence community and exposed profound questions about internal controls, personnel vetting, and the risks of extreme compartmentalization in America's most sensitive programs. 303 one-kilogram gold bars worth more than $40 million were recovered from Rush's home. The Alleged Scheme: A Fake "Special Access Program" According to people familiar with the ongoing criminal investigation cited by the Washington Post , Rush did not simply steal assets outright. He allegedly constructed an elaborate fiction: a phony Special Access Program (SAP) - one of the government's most tightly controlled classification compartments. What Is a Special Access Program? SAPs are highly compartmented programs that require specific "read-in" authorization. Even personnel with Top Secret/SCI clearance cannot ac...
MF3d/E+ via Getty Images I believe that Gen Digital Inc. ( GEN ) is becoming increasingly attractive in current market conditions. At a 10% free cash flow yield, the stock is hard to ignore. While the stock market is expensive, and many sectors have a shaky outlook amid AI volatility, Gen generates stable and high-margin earnings through cyber safety subscriptions. AI impacts Gen 's industry, crea...
MF3d/E+ via Getty Images I believe that Gen Digital Inc. ( GEN ) is becoming increasingly attractive in current market conditions. At a 10% free cash flow yield, the stock is hard to ignore. While the stock market is expensive, and many sectors have a shaky outlook amid AI volatility, Gen generates stable and high-margin earnings through cyber safety subscriptions. AI impacts Gen 's industry, creating some uncertainty, but a changing cybersecurity landscape could well be an opportunity for Gen. I maintained a Hold rating in my previous May 2025 article on the stock, titled “ Gen Digital: MoneyLion Lawsuit Could Hinder Momentum.” The stock has since lost -7% of its value; meanwhile, the S&P 500 has gained 26%. My Rating History on GEN (Seeking Alpha) Gen 's Stable FCF is Attractive in Current Market Conditions There 's often not much to analyze in Gen 's quarterly reports—the company continues to report very stable revenues and exceptionally high margins, enabled by the main cyber safety solutions business. The total number of paid customers increased in a stable manner from 76 million in Q1 'FY2026 to 79 million by Q4, generating consistent revenues. Gen 's earnings very rarely vary noticeably from Wall Street 's expectations , highlighting the subscription business model 's attractiveness. The early FY2026 acquisition of MoneyLion added a more volatile financial services business to the company, but without disrupting Gen 's overall stability, as the business is a relatively small part of Gen. The acquisition has improved Gen 's overall growth from 4% growth in FY2025 to 9% pro forma growth in FY2026. I have noted in previous articles that the acquisition seems to have been made to revitalize growth, and based on the trust-based solutions segment 's growth that includes MoneyLion, the business is still indeed growing well. Author's Illustration Using TIKR Data As can be expected, Gen 's financial performance remains stable. Gen ended FY2026 with $5000 million in re...