| Mobile Web

Search results for 4.9 percent

Finance

Brokerages\' Q2 net profit tops 5.2 trillion won, up 82 percent on stock market boom

South Korean brokerages posted more than 5 trillion won in net profit in the second quarter, helped by a strong stock market and higher trading value. Net profit at 61 brokerages rose 20.0 percent from the previous quarter to 5.19 trillion won, up 82.1 percent from a year earlier. Commission income increased 32.5 percent, led by brokerage fees. Wealth management, investment banking and proprietary trading earnings also improved.

Crypto

Tom Lee says Ethereum will outperform Bitcoin as BitMine holds 5.93 million ETH

BitMine Immersion Technologies bought an additional 28,086 ether, taking its holdings to 4.9 percent of total Ethereum supply. Fundstrat co-founder Tom Lee said Ethereum could outperform Bitcoin in coming years, citing growth in real-world asset tokenisation and agentic AI use cases. BitMine said most of its ether is staked and projected annual staking income based on a 2.61 percent annualised yield. Ethereum and BitMine shares fell in recent trading.

AI & Enterprise

AI PCs boost PC industry revenue even as shipments fall

PC makers hit by memory chip shortages and higher costs are shifting toward selling fewer units at higher prices, and revenue performance has so far been solid. IDC said global PC shipments fell 4.9 percent in the second quarter from a year earlier, while prices are expected to rise as much as 20 percent this year and keep climbing through 2027. The Wall Street Journal reported HP, Dell and Lenovo posted revenue gains despite lower shipments.