Jerry Lin
The Latest
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WeWork Faces Doubts Over Continued Operation; Shares Plummet 30% Post-Earnings
After the closing bell on Tuesday, August 8, global co-working behemoth WeWork voiced "serious doubts" about its ability to continue operating amidst persistent losses and a stream of office space members canceling leases. The company's future, as highlighted in its financial report, largely hinges on its success in the upcoming 12 months to cut leasing costs, rein in expenses, curb capital outlays, boost revenues, and raise funds. 
After the closing bell on Tuesday, August 8, global co-working behemoth WeWork voiced "serious doubts" about its ability to continue operating amidst persistent losses and a stream of office space members canceling leases. The company's future, as highlighted in its financial report, largely hinges on its success in the upcoming 12 months to cut leasing costs, rein in expenses, curb capital outlays, boost revenues, and raise funds. -
Li Auto Surges Past 30,000 Monthly Sales, But the Real Challenge Begins Now
Despite the price war initiated by Tesla in the electric vehicle market, Li Auto, favored by the market for its product differentiation and extended-range technology, resisted the pressure to cut prices. 
Despite the price war initiated by Tesla in the electric vehicle market, Li Auto, favored by the market for its product differentiation and extended-range technology, resisted the pressure to cut prices. -
NVIDIA's Gamble on AI: CEO Jensen Huang Says 'We're Just Getting Started'
On August 8, local time, NVIDIA founder and CEO Jensen Huang, speaking at the SIGGRAPH computer graphics conference in Los Angeles, shared that the company made a pivotal business decision in 2018. A move not many realized would redefine its trajectory and help reshape a rapidly evolving industry. 
On August 8, local time, NVIDIA founder and CEO Jensen Huang, speaking at the SIGGRAPH computer graphics conference in Los Angeles, shared that the company made a pivotal business decision in 2018. A move not many realized would redefine its trajectory and help reshape a rapidly evolving industry. -
TSMC Joins Forces with Major Companies for $100 Billion Investment in German Plant
Taiwan Semiconductor Manufacturing Company (TSMC) has partnered with three key businesses to develop a semiconductor facility in Dresden, Germany. 
Taiwan Semiconductor Manufacturing Company (TSMC) has partnered with three key businesses to develop a semiconductor facility in Dresden, Germany. -
Italian Stocks Dive 2% Amid Proposed "Windfall Tax" on Banks, Weighing Heavily on European Equities
Bank Stocks Plunge in Europe Italy's unexpected decision to tax banks on their "excess profits" has weighed down European stocks, with bank shares taking the hardest hit. 
Bank Stocks Plunge in Europe Italy's unexpected decision to tax banks on their "excess profits" has weighed down European stocks, with bank shares taking the hardest hit. -
Morgan Stanley Sounds the Alarm: NVIDIA's Surge May Indicate AI Stock Bubble Nearing Peak
The artificial intelligence (AI) stocks that have been setting the pace in U.S. equities this year may be seeing their heyday nearing an end. 
The artificial intelligence (AI) stocks that have been setting the pace in U.S. equities this year may be seeing their heyday nearing an end. -
Amazon and FTC on Collision Course: E-commerce Giant's Final 'Ceremonial' Meetings Ahead of Antitrust Lawsuit
On August 7, sources informed media outlets that Amazon is set to individually meet with each member of the Federal Trade Commission (FTC) next week. The discussions will revolve around a potential antitrust lawsuit the FTC might launch against Amazon. This move is widely seen as a last ceremonial gathering before either heading to court or reaching a settlement. 
On August 7, sources informed media outlets that Amazon is set to individually meet with each member of the Federal Trade Commission (FTC) next week. The discussions will revolve around a potential antitrust lawsuit the FTC might launch against Amazon. This move is widely seen as a last ceremonial gathering before either heading to court or reaching a settlement. -
Hindenburg Research's Short Selling Storm: Over $170 Billion Wiped from Giants' Companies
Wall Street's short-selling institution, Hindenburg Research, which only has a handful of researchers, has made significant waves this year. It has targeted companies owned by three magnates, cumulatively erasing more than $170 billion of wealth. 
Wall Street's short-selling institution, Hindenburg Research, which only has a handful of researchers, has made significant waves this year. It has targeted companies owned by three magnates, cumulatively erasing more than $170 billion of wealth. -
Apple's iPhone 15 Pro Chip Deal Could Save Billions, TSMC to Shoulder the Cost
Apple may have spared billions of dollars in faulty costs for the advanced chip planned for the iPhone 15 Pro, which is set to debut next month. 
Apple may have spared billions of dollars in faulty costs for the advanced chip planned for the iPhone 15 Pro, which is set to debut next month. -
Tesla CFO Steps Down, Stirring Speculation on Musk's Successor and Dipping Stocks
In a recent filing to the U.S. Securities and Exchange Commission (SEC) on Monday, Tesla revealed that CFO Zachary Kirkhorn, 39, stepped down from his role on August 4. Vaibhav Taneja, the Chief Accounting Officer, was announced as Kirkhorn's successor and will hold both positions. 
In a recent filing to the U.S. Securities and Exchange Commission (SEC) on Monday, Tesla revealed that CFO Zachary Kirkhorn, 39, stepped down from his role on August 4. Vaibhav Taneja, the Chief Accounting Officer, was announced as Kirkhorn's successor and will hold both positions.
