Jonathan Wong
The Latest
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Analyst Accuses Trump Family of Profiting From Iran War, Raises Insider Trading Allegations
Business analyst Ed Elson has accused President Donald Trump and members of his family of financially benefiting from developments surrounding the Iran war, alleging that investments tied to defense technology and cryptocurrency raise serious ethical questions. The allegations, made during a televised discussion with MSNBC anchor Katy Tur, have not been substantiated by independent evidence. 
Business analyst Ed Elson has accused President Donald Trump and members of his family of financially benefiting from developments surrounding the Iran war, alleging that investments tied to defense technology and cryptocurrency raise serious ethical questions. The allegations, made during a televised discussion with MSNBC anchor Katy Tur, have not been substantiated by independent evidence. -
EU Warns TikTok Over Child Safety Violations, ByteDance Faces Potential Fine of Up to 6% of Annual Revenue
The European Union has issued preliminary findings accusing ByteDance-owned TikTok of failing to adequately protect children on its platform, alleging that design features expose younger users to online predators and cyberbullying. If the findings are upheld under the bloc's Digital Services Act (DSA), TikTok could face penalties of up to 6% of the company's annual global revenue. 
The European Union has issued preliminary findings accusing ByteDance-owned TikTok of failing to adequately protect children on its platform, alleging that design features expose younger users to online predators and cyberbullying. If the findings are upheld under the bloc's Digital Services Act (DSA), TikTok could face penalties of up to 6% of the company's annual global revenue. -
Apple’s iPhone 18 Pro Could Cost Up to $300 More as AI Memory Boom Drives Chip Prices Higher
Apple's upcoming iPhone 18 Pro lineup could become the company's most expensive smartphone generation yet as soaring memory chip prices, fueled by the artificial intelligence boom, drive manufacturing costs sharply higher. Industry analysts estimate that the highest-end iPhone 18 Pro Max could cost as much as $300 more to build than its predecessor, raising the likelihood that consumers will see higher retail prices when the devices are expected to launch this September. 
Apple's upcoming iPhone 18 Pro lineup could become the company's most expensive smartphone generation yet as soaring memory chip prices, fueled by the artificial intelligence boom, drive manufacturing costs sharply higher. Industry analysts estimate that the highest-end iPhone 18 Pro Max could cost as much as $300 more to build than its predecessor, raising the likelihood that consumers will see higher retail prices when the devices are expected to launch this September. -
Ford Recalls 288,314 Explorer SUVs After Roof Rail Covers May Detach at Highway Speeds
Ford Motor Co. has issued a new safety recall covering 288,314 model-year 2016-2019 Explorer SUVs after determining that roof rail covers can loosen and detach while vehicles are in motion, creating a potential road hazard for surrounding traffic. The latest action also affects some vehicles that were previously repaired under earlier Ford campaigns, prompting owners to verify whether their SUVs have been recalled again. 
Ford Motor Co. has issued a new safety recall covering 288,314 model-year 2016-2019 Explorer SUVs after determining that roof rail covers can loosen and detach while vehicles are in motion, creating a potential road hazard for surrounding traffic. The latest action also affects some vehicles that were previously repaired under earlier Ford campaigns, prompting owners to verify whether their SUVs have been recalled again. -
Warren Buffett Cuts Gates Foundation From Multibillion-Dollar Donation as Epstein Review Looms
Warren Buffett has excluded the Gates Foundation from his latest annual donation of Berkshire Hathaway stock, according to CNBC, as scrutiny intensifies over Bill Gates's past relationship with Jeffrey Epstein and a review examines the foundation's ties to the convicted sex offender. 
Warren Buffett has excluded the Gates Foundation from his latest annual donation of Berkshire Hathaway stock, according to CNBC, as scrutiny intensifies over Bill Gates's past relationship with Jeffrey Epstein and a review examines the foundation's ties to the convicted sex offender. -
Volkswagen Warns of Up to 100,000 Job Cuts as Costs Run 20% Above Rivals
Volkswagen Group is examining workforce reductions of as many as 100,000 jobs globally, twice the level previously outlined, as Chief Executive Oliver Blume pushes Europe's largest auto group to close a 20% cost gap with competitors and simplify a manufacturing network strained by weaker sales, the electric-vehicle transition and growing competition from Chinese automakers. 
Volkswagen Group is examining workforce reductions of as many as 100,000 jobs globally, twice the level previously outlined, as Chief Executive Oliver Blume pushes Europe's largest auto group to close a 20% cost gap with competitors and simplify a manufacturing network strained by weaker sales, the electric-vehicle transition and growing competition from Chinese automakers. -
Micron Expands U.S. Investment to $250 Billion Through 2035 as AI Chip Demand Sends Shares Higher
Micron Technology deepened its commitment to U.S. semiconductor manufacturing on Thursday, unveiling an expanded domestic investment strategy worth approximately $250 billion through 2035 and announcing a series of supply-chain initiatives aimed at supporting the rapidly growing artificial intelligence market. Investors welcomed the move, sending the memory-chip maker's shares up about 7% after the announcement. 
Micron Technology deepened its commitment to U.S. semiconductor manufacturing on Thursday, unveiling an expanded domestic investment strategy worth approximately $250 billion through 2035 and announcing a series of supply-chain initiatives aimed at supporting the rapidly growing artificial intelligence market. Investors welcomed the move, sending the memory-chip maker's shares up about 7% after the announcement. -
Judge Approves Elon Musk SEC Settlement but Questions Why He Keeps $150 Million in Alleged Twitter Trading Gains
A federal judge approved a settlement between Elon Musk and the U.S. Securities and Exchange Commission over Musk's delayed disclosure of his 2022 Twitter stock purchases, but used the ruling to sharply criticize the regulator's handling of the case, questioning why the billionaire was allowed to retain approximately $150 million in alleged trading gains while paying only a $1.5 million civil penalty. 
A federal judge approved a settlement between Elon Musk and the U.S. Securities and Exchange Commission over Musk's delayed disclosure of his 2022 Twitter stock purchases, but used the ruling to sharply criticize the regulator's handling of the case, questioning why the billionaire was allowed to retain approximately $150 million in alleged trading gains while paying only a $1.5 million civil penalty. -
Leaked Zuckerberg Audio Raises Questions Over Meta's $145 Billion AI Spending After 8,000 Job Cuts
Mark Zuckerberg told Meta employees during a closed-door town hall that the company's artificial intelligence initiatives have not progressed as quickly as leadership expected, according to leaked audio that has intensified scrutiny of Meta's multibillion-dollar AI strategy following thousands of layoffs and an unprecedented increase in capital spending. 
Mark Zuckerberg told Meta employees during a closed-door town hall that the company's artificial intelligence initiatives have not progressed as quickly as leadership expected, according to leaked audio that has intensified scrutiny of Meta's multibillion-dollar AI strategy following thousands of layoffs and an unprecedented increase in capital spending. -
Samsung Posts 1,800% Profit Surge, but Shares Drop 7% as AI Spending Concerns Weigh on Outlook
Samsung Electronics reported one of the strongest quarterly performances in its history, posting an operating profit that surged more than 1,800% from a year earlier as demand for artificial intelligence chips fueled record revenue. Yet the blockbuster earnings failed to reassure investors, with the company's shares falling nearly 7% as markets shifted their attention from current profits to questions about whether the AI investment boom can continue. 
Samsung Electronics reported one of the strongest quarterly performances in its history, posting an operating profit that surged more than 1,800% from a year earlier as demand for artificial intelligence chips fueled record revenue. Yet the blockbuster earnings failed to reassure investors, with the company's shares falling nearly 7% as markets shifted their attention from current profits to questions about whether the AI investment boom can continue.
