Jonathan Wong

Jonathan Wong

The Latest

  • Ford Shifts Focus to Super Duty Trucks, Plans $3 Billion Expansion in Canada
    Ford
    Ford Motor Company announced a $3 billion investment to expand production of its large Super Duty trucks at a Canadian plant initially earmarked for electric vehicle (EV) production. The decision underscores the automaker's response to robust demand for its profitable commercial vehicles amid evolving market dynamics.
  • SEC Sues Trump Media SPAC Ex-CEO Patrick Orlando for Alleged Fraud
    SEC
    The U.S. Securities and Exchange Commission (SEC) has filed a lawsuit against Patrick Orlando, the former CEO of Digital World Acquisition Corp. (DWAC), the special purpose acquisition company (SPAC) that merged with Trump Media & Technology Group. The lawsuit alleges that Orlando misled investors and regulators about the company's intentions and actions leading up to the merger with Donald Trump's social media startup, Truth Social.
  • Nokia Shares Plunge Amid Weak 5G Demand, Hopes for Recovery in Second Half
    NOKIA
    Shares of Finnish telecom giant Nokia plummeted on Thursday following the company's report of a significant decline in second-quarter operating profit, attributed to weak demand for its 5G equipment. The Helsinki-listed stock dropped 8% by 9 a.m. London time, shortly after the market opened.
  • United Airlines Reports 23% Profit Jump, but Forecast Misses Amid Industry Challenges
    DOWN
    United Airlines reported a robust 23% increase in second-quarter profit, driven by strong demand for international travel. However, the airline's third-quarter forecast fell short of Wall Street expectations due to industry-wide overcapacity, which has pressured airfares.
  • Amazon Workers Reject Union Recognition by Narrow Margin in Historic Vote
    Amazon bets on Black Friday deals in early holiday shopping push
    In a closely watched and historic ballot, workers at Amazon's Coventry warehouse narrowly rejected union recognition, marking a significant moment in labor relations for the e-commerce giant in the UK. The vote, which could have forced Amazon to recognize a union for the first time in the country, was decided by a slim margin, with 50.5% voting against and 49.5% in favor, a difference of just 29 votes.
  • GM Boosts Production of High-Performance Cadillac Escalade Amid Surging Demand
    BIGGEST
    General Motors (GM) is ramping up production of its high-performance Cadillac Escalade V-Series model as part of a comprehensive update to the flagship SUV for the 2025 model year. This move comes in response to heightened demand for the luxury vehicle, which has been a cornerstone of Cadillac's lineup and a significant profit driver for GM.
  • Spirit Airlines Slashes Q2 Revenue Outlook Amid Non-Ticket Revenue Dip
    Spirit Airlines
    Spirit Airlines, known for its ultra-low-cost fares, has revised its revenue expectations for the second quarter, attributing the downgrade to weaker-than-expected non-ticket revenue. This announcement, made on Tuesday, led to a significant drop in the airline's shares, which fell over 6% in after-hours trading.
  • Elon Musk to Move X and SpaceX HQ Out of California Amid Controversial Law
    ELON MUSK
    Elon Musk announced a significant relocation for two of his major companies, SpaceX and X (formerly known as Twitter), from California to Texas. This decision comes in the wake of a new California law that prevents school districts from mandating parental notification of a child's gender identity change, which Musk claims is the last straw among several state policies he opposes.
  • Bank of America Exceeds Q2 Expectations Amid Investment Banking Gains
    Higher wage
    Bank of America (BAC) has reported better-than-expected second-quarter revenue and profit, buoyed by a significant rise in investment banking and asset management fees. Despite facing challenges from higher interest rates affecting its consumer operations, the bank managed to leverage its Wall Street operations to deliver solid financial results.
  • Dollar General to Pay $12 Million in Fines Over Workplace Safety Violations
    Dollar General to Pay $12 Million in Fines Over Workplace Safety Violations
    Dollar General has agreed to pay $12 million in penalties and undertake significant safety improvements across its nearly 20,000 U.S. stores. This settlement with the Department of Labor aims to address longstanding safety concerns that have plagued the discount retailer for years.
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