Financial Mindset

South Korea’s Samsung Group and SK Group are poised to announce as much as 2,000 trillion won ($1.3 trillion) of investments over the next decade as part of President Lee Jae Myung’s flagship industrial strategy,  Korea Economic Daily  reported Monday.  The two groups are expected to unveil the package when their leaders present the plans at the presidential office on Monday, the newspaper said without saying where it obtained the information. Samsung Electronics Co. and SK Hynix Inc. are each expected to build four to five semiconductor fabs in the Gwangju area, the newspaper said. Samsung is also expected to build chip packaging plants in South Chungcheong province while SK Hynix will expand NAND plants in North Chungcheong province, the newspaper added.  President Lee will introduce the “Three Mega Projects for the Great Leap Forward” initiative at a 2 p.m. event, South Korea’s presidential office said on Sunday. Presidential spokesperson Kang Yu-j...

In a setback for Warner Bros.′ revamped DC movie operations,  “Supergirl”  was absolutely no match for  “Toy Story 5”  at the box office, opening a distant second to the Pixar blockbuster. After a near-record debut for an animated movie, “Toy Story 5” remained No. 1 at the box office with $70 million in domestic ticket sales and another $89.1 million overseas, according to studio estimates Sunday. The Walt Disney Co. release has in two weeks quickly amassed $585 million globally, making it one of the biggest hits of the year. “Supergirl,” however, failed to lift off. It opened with $38 million in U.S. and Canadian theaters. It added $30 million in overseas markets. Craig Gillespie’s superhero spinoff is the second big-screen release from James Gunn and Peter Safran , who were  tapped to lead DC Studios in late 2022 . Their first release, 2025’s  “Superman,”  grossed $618 million worldwide, a strong-enough start for Gunn and Safran. Bu...

Federal Reserve Bank of Richmond President Tom Barkin warned that inflation is too high, though he sees tentative signs that price pressures may moderate soon.  “Those numbers are too high,” Barkin said Sunday in an interview with Bloomberg on the sidelines of the Aspen Ideas Festival in Aspen, Colorado. A report released Thursday showed the personal consumption expenditures index — the Fed’s preferred metric — rose 4.1% in the year through May, the most since April 2023. While the war in Iran drove up the price of oil and other goods, the increase in price pressures has been more widespread.  “It’s hard to have confidence that you’re headed back to 2% without any more influence from the fed funds rate or the labor market or some other feature that creates disinflation the other way,” Barkin added.  The Richmond Fed chief was heartened by a rapid decline in gasoline prices in his district as the price of oil fell following a recent ceasefire agreement bet...

This summer, millions of students are turning their tassels and heading into an uncertain job market. Aside from looking into the crowded fields of big tech and Wall Street, Gen Zers may have luck getting into real estate. Against all odds, the stubborn housing market has become a hotspot for young talent.  In April, LinkedIn ranked real estate as the second fastest-growing sector for new grads over the last three years, spanning those who recently completed their high school diploma, associate’s degree, bachelor’s, or apprenticeship. Real estate is only topped by popular industries like technology, information, and media, but still ranks higher than others like financial services, utilities, and construction. The jobs platform also identified new home sales specialists as the third fastest-growing role in the United States, according to a different 2026 report .  Kory Kantenga, head of economics, Americas at LinkedIn, tells Fortune that the real estate industry is particula...

“Lake Michigan has sort of got a personality,” Paul Florsheim said wryly, as if describing an old friend rather than the center of a legal battle that has consumed the last year of his life. “It changes its moods all the time. I go all throughout the year, even in the bitterest part of winter, because it’s just beautiful down there. You have these ice flows, and they’re sort of like volcanoes, and the waves come crashing through these structures. It’s like another world.” Florsheim has been walking that world, a stretch of the Lake Michigan shoreline in Shorewood, Wis., a small village north of Milwaukee, for more than 50 years, since his childhood. He walked it with his parents. He walked it when he returned to his hometown in 2008 after 30 years away. He walked it with his dog in the early mornings, before anyone else was out, in every season. Courtesy Florsheim’s stepdaughter Jessica Lakind and her mother Marcy Lichterman An...

President Donald Trump on Saturday said he is nominating Lance Schroyer, a former Oklahoma state trooper, as the next director of  Immigration and Customs and Enforcement . Trump said on his Truth Social platform that his new pick for the immigration enforcement agency is a former U.S. Marine and a “PATRIOT with real operational experience.” He called Schroyer a “proven leader with DECADES of experience locking up the worst of the worst.” Schroyer hails from the same home state as the new Department of Homeland Security Secretary Markwayne Mullin, a former congressman. Earlier this month, Mullin brought Schroyer onstage at a National Sheriffs’ Association event, calling him a “good friend of mine” and noting DHS had recently hired him. On Saturday, Mullin quickly praised Schroyer in a statement highlighting the former trooper’s 29-year career and his work with federal and state partners on a U.S. immigration enforcement program. “Presi...

Wall Street overwhelmingly expects the Federal Reserve to hike rates later this year, but a few contrarians still insist the opposite will happen. According to CME’s FedWatch tool , investors have priced in 77% odds that the central bank will lift the benchmark rate by a quarter-point or more by the end of the year. That’s as the U.S.-Israeli war on Iran sent oil prices soaring, while the recent ceasefire hasn’t seen an equivalent dive in costs. In addition, the AI boom has created a chip shortage that’s making consumer electronics more expensive. Meanwhile, GDP was revised higher, the job market has also firmed up, and the tsunami of cash tech giants are raising signals monetary policy isn’t that restrictive. And for good measure, Kevin Warsh’s first press briefing as Fed chairman last week stunned Wall Street with his hawkishness, clinching the case for tightening. On Monday, analysts at Bank of America predicted the Fed would incre...