Jonathan Wong

Jonathan Wong

The Latest

  • Citigroup's Q1 Profit Slips as Severance Costs and FDIC Fees Weigh on Earnings
    Citigroup
    Citigroup reported a 27% drop in first-quarter profit on Friday, as the bank grappled with higher expenses related to employee severance and a contribution to replenish a government deposit insurance fund.
  • Ford Expands Recall for Bronco and Escape Over Fire Concerns, Prompting Federal Probe
    Ford
    Ford Motor Company has expanded a recall involving its Bronco and Escape vehicles due to risks that cracked fuel injectors could lead to engine compartment fires. This recall now affects nearly 43,000 vehicles, specifically the 2022 Escape and both the 2022 and 2023 Bronco Sport editions equipped with 1.5L engines, according to information from the National Highway Traffic Safety Administration (NHTSA).
  • Apple Shares Soar 4.3% as Company Gears Up for AI-Focused M4 Chips Across Entire Mac Lineup
    CLOSED
    Apple shares experienced their best day since May 5, 2023, climbing 4.3% to a share price of $175.04 on Thursday.
  • Nvidia Shares Slide 10% from Record Highs Amid Concerns Over AI Model Sizes and Competition
    Nvidia
    Nvidia, the chipmaking giant that has been riding the artificial intelligence wave, has seen its shares enter "correction territory" as the stock has fallen 10% from its most recent all-time closing high. The company's shares closed at $853.54 on Tuesday, down 2% for the session, marking a significant pullback from the record high of $950 achieved on March 25.
  • TSMC's Revenue Soars Amid AI Boom, Backed by U.S. CHIPS Act Funding
    EXPANSION
    Taiwan Semiconductor Manufacturing Co. (TSMC), the world's premier contract chipmaker, has experienced a notable surge in its monthly revenue, the most rapid since November 2022, primarily fueled by the burgeoning demand for artificial intelligence (AI) chips. March saw the company's revenue climb to NT$195.2 billion ($6.1 billion), a significant 34.3% increase from the previous year, with the first quarter's total reaching NT$592.6 billion, up 16.5% year-on-year.
  • Delta Surpasses Q1 Earnings, CEO Optimistic About Travel Demand Surge
    Delta
    Delta Air Lines has surpassed first-quarter earnings expectations, showcasing a robust rebound in both leisure and corporate travel sectors. The airline, under the leadership of CEO Ed Bastian, reported an adjusted net income of $288 million, outpacing the projected $235 million. This financial upturn is buoyed by an adjusted earnings per share of $0.45, exceeding the anticipated $0.36, and a revenue of $12.6 billion against an expected $12.5 billion.
  • Boeing Faces New FAA Probe Over Whistleblower Claims on 787 and 777 Jets
    BOEING 777
    Boeing is under renewed scrutiny after whistleblower claims raised concerns about the safety and quality of its 787 Dreamliner and 777 aircraft, leading to a Federal Aviation Administration (FAA) investigation. Shares of the aerospace giant dropped to a five-month low, reflecting investors' growing concerns over the potential impact of these allegations on Boeing's operations and reputation.
  • Tesla Settles Autopilot Litigation with Family of Late Apple Engineer
    Tesla
    Tesla has reached a settlement in a wrongful death lawsuit with the family of Walter Huang, a former Apple engineer. This lawsuit, stemming from a fatal crash involving Tesla's Autopilot system in March 2018, was on the cusp of trial in a California Superior Court. The terms of the settlement remain undisclosed, sparing the electric vehicle giant from potentially damaging courtroom disclosures.
  • Hytera Faces Global Sales Ban and Fines in US Court Ruling Over Motorola Dispute
    Hytera Faces Global Sales Ban and Fines in US Court Ruling Over Motorola Dispute
    Shares of Hytera Communications experienced a significant downturn, hitting the daily trading limit in Shenzhen following a United States court's decision to impose a global sales ban on the Chinese firm's two-way radio products.
  • Musk Announces August Robotaxi Debut, Aiming to Shift Tesla's Narrative
    COURT WAR
    Elon Musk, Tesla Inc.'s CEO, is gearing up to introduce a robotaxi in August, a move that appears aimed at revitalizing investor interest and reversing the downward trajectory of Tesla's stock. This announcement comes on the heels of a challenging period for the electric vehicle giant, marked by declining share prices and reports of halted plans for a more affordable EV model.
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