Search results for Hyunwoo Chu
General News
Elon Musk says universal high income needed to address jobs lost to AI
Elon Musk proposed government-paid universal high income as a way to address unemployment caused by artificial intelligence, Business Insider reported. He described it as more generous than basic income, providing enough for a prosperous life beyond basic expenses. Musk also said AI and robotics would create far more goods and services than growth in the money supply, so there would be no inflation. Analysts and academics offered differing views on job losses, wages and retraining.
Crypto
XRP volume up 23 percent, price stuck in $1.30 to $1.35 range
XRP stayed in a narrow band around $1.33 despite a jump in trading volume. CoinDesk reported on April 3 that XRP rose more than 1 percent and traded near $1.33, with volume about 23 percent above the weekly average, but it failed to break higher. Buying interest lifted lows slightly, while repeated attempts to clear $1.33 to $1.34 met selling. Analysts cited resistance at $1.34 to $1.35 and support at $1.30.
General News
Shanghai Journal, Alpha Economy build South Korea-China economic information pipeline
Shanghai Journal, a Korean media outlet in China, and South Korean business news outlet Alpha Economy signed a strategic partnership on Tuesday to share South Korea-China economic information and expand their reporting networks. The two organisations agreed to pursue joint coverage spanning bilateral industry issues and analysis of global companies. Alpha Economy will provide in-depth content on corporate governance and internal controls, while Shanghai Journal will share its local reporting network.
