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Hyunsoo Rim

Verified
London, New York
As seen in: Chartr, Forbes, Flipboard, Forbes Brasil, Forbes España, Forbes Middle East, Forbes Argentina, Sherwood News, Ex Bulletin, Daily Star News Today, Forbes Ecuador and
Data Reporter @Chartrdaily (Previously @Forbes)
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Articles

AI was the top reason cited for US job cuts for the third straight month in May

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By Hyunsoo Rim Verified
| Sherwood News
Employers blamed AI for nearly 40% of May's cuts — a share that’s kept climbing since Challenger began tracking it in 2023. With Corporate America finding plenty of ways to describe its AI-driven reinvention this year — from preparing for the "agentic era,” to building businesses with “humans around the edge” — last month brought yet another unmistakable sign that AI has become the go-to explanation for layoffs, according to new data from Challenger, Gray & Christmas.
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BYD says EVs may soon take 80% of China’s new car market, as national adoption roars

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By Hyunsoo Rim Verified
| Sherwood News
The country sold six of every 10 EVs bought worldwide in 2025. China’s largest EV maker thinks the country’s shift to electric still has room to run — even after EVs have already roared in recent years to account for more than half of the country’s new car sales. On Monday, BYD Executive VP Stella Li told CNBC that China’s market could “very quickly” push close to 80% EV penetration, helped by new technology in the space and a growing wave of electric options.
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Corporate America has never been this profitable

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By Hyunsoo Rim Verified
| Sherwood News
(Tom Brenner For The Washington Post via Getty Images) The S&P 500’s profit margin just hit a record high. AI is lifting almost everything in sight, from minting new millionaires at a historic pace to vaulting an entire country up the ranks of the world's biggest stock markets. And with the US sitting at the center of that boom, corporate America is squeezing more profit out of every dollar it brings in than ever before.
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