Jonathan Wong
The Latest
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Foxconn Secures $16 Million Incentive as U.S. Accelerates Chip Shield Strategy Amid China–Taiwan Tensions
The Wisconsin Economic Development Corporation approved up to $16 million in new incentives for Foxconn as the United States intensifies efforts to build a more resilient semiconductor supply chain amid rising security concerns involving China and Taiwan. The award, announced November 25, supports the Taiwanese manufacturer's plan to invest an additional $569 million in Racine County and create 1,374 jobs over four years, expanding Foxconn's role in America's semiconductor and electronics manufacturing footprint. 
The Wisconsin Economic Development Corporation approved up to $16 million in new incentives for Foxconn as the United States intensifies efforts to build a more resilient semiconductor supply chain amid rising security concerns involving China and Taiwan. The award, announced November 25, supports the Taiwanese manufacturer's plan to invest an additional $569 million in Racine County and create 1,374 jobs over four years, expanding Foxconn's role in America's semiconductor and electronics manufacturing footprint. -
HP to Cut Up to 6,000 Jobs, Target £800 Million in Savings as AI Restructuring Accelerates
HP Inc. announced a sweeping restructuring plan that will eliminate between 4,000 and 6,000 positions worldwide by the end of its 2028 fiscal year, marking one of the company's most significant workforce reductions in years as it accelerates investment in artificial intelligence. The initiative is designed to generate roughly £800 million-about $1 billion-in gross run-rate savings within three years, part of a broader pivot toward AI-driven operations and products. 
HP Inc. announced a sweeping restructuring plan that will eliminate between 4,000 and 6,000 positions worldwide by the end of its 2028 fiscal year, marking one of the company's most significant workforce reductions in years as it accelerates investment in artificial intelligence. The initiative is designed to generate roughly £800 million-about $1 billion-in gross run-rate savings within three years, part of a broader pivot toward AI-driven operations and products. -
Apple Cuts Institutional Sales Roles as U.S. Budget Shifts and Tech Layoffs Spread
Apple Inc. has initiated a round of layoffs inside its global sales organization, targeting roles tied to institutional clients across enterprise, education and government markets, according to employees familiar with the changes. The move-unusual for a company historically reluctant to make public staff cuts-comes as the iPhone maker restructures how it engages major customers amid shifting government spending and a broader slowdown across the tech sector. 
Apple Inc. has initiated a round of layoffs inside its global sales organization, targeting roles tied to institutional clients across enterprise, education and government markets, according to employees familiar with the changes. The move-unusual for a company historically reluctant to make public staff cuts-comes as the iPhone maker restructures how it engages major customers amid shifting government spending and a broader slowdown across the tech sector. -
Amazon Recall Triggers Urgent Warning as Regulators Flag Deadly Risks in Two Children’s Products
Federal safety regulators have issued an urgent nationwide alert over two children's products sold on Amazon, warning that both items pose significant risks of injury or death. The U.S. Consumer Product Safety Commission (CPSC) announced the recall in November, targeting a fabric dresser and a baby play yard that were sold through Amazon's online marketplace and reached households across the country. 
Federal safety regulators have issued an urgent nationwide alert over two children's products sold on Amazon, warning that both items pose significant risks of injury or death. The U.S. Consumer Product Safety Commission (CPSC) announced the recall in November, targeting a fabric dresser and a baby play yard that were sold through Amazon's online marketplace and reached households across the country. -
Nvidia’s $300 Billion Backlog Fuels Market Rally—but AMD and Broadcom Close In
Nvidia's position atop the global AI semiconductor market is facing its most meaningful pressure yet as rival chipmakers accelerate investment, win new contracts and narrow long-standing performance gaps. The company's latest earnings report, which showed a 62% year-over-year revenue jump to $57 billion, triggered another surge in its share price and pushed Wall Street's fourth-quarter forecasts toward $65 billion. 
Nvidia's position atop the global AI semiconductor market is facing its most meaningful pressure yet as rival chipmakers accelerate investment, win new contracts and narrow long-standing performance gaps. The company's latest earnings report, which showed a 62% year-over-year revenue jump to $57 billion, triggered another surge in its share price and pushed Wall Street's fourth-quarter forecasts toward $65 billion. -
Musk Warns Gates of $1.5 Billion Risk as Tesla Short Position Draws Fresh Scrutiny
Tesla CEO Elon Musk has reignited a long-running dispute with Bill Gates, warning the Microsoft cofounder that his short position against Tesla could now translate into losses of roughly $1.5 billion. Musk issued the warning in a recent post on X, escalating a feud that has stretched across philanthropy, technology and capital markets. 
Tesla CEO Elon Musk has reignited a long-running dispute with Bill Gates, warning the Microsoft cofounder that his short position against Tesla could now translate into losses of roughly $1.5 billion. Musk issued the warning in a recent post on X, escalating a feud that has stretched across philanthropy, technology and capital markets. -
Target Cuts Earnings Outlook Again as Traffic Falls and Holiday Forecast Weakens
Target Corp. issued another sharp warning about consumer spending, cutting its full-year profit outlook and projecting soft holiday sales as inflation-strained households continue shifting purchases toward food and essentials. The Minneapolis-based retailer said Wednesday that it now expects adjusted earnings per share between $7 and $8 for the year, trimming the upper end of prior guidance and signaling weaker-than-expected momentum heading into the final stretch of 2025. 
Target Corp. issued another sharp warning about consumer spending, cutting its full-year profit outlook and projecting soft holiday sales as inflation-strained households continue shifting purchases toward food and essentials. The Minneapolis-based retailer said Wednesday that it now expects adjusted earnings per share between $7 and $8 for the year, trimming the upper end of prior guidance and signaling weaker-than-expected momentum heading into the final stretch of 2025. -
Booking.com, Hilton, Accor Ads Pulled After ASA Rules ‘Bait Pricing’ Misled Travelers
The Advertising Standards Authority in the United Kingdom has ordered Booking.com, Hilton, Accor and Travelodge to withdraw a series of hotel room promotions after ruling that their widely circulated "from" price advertisements misled consumers about the availability of the lowest-priced rooms. The watchdog's decision, affecting campaigns across Google's paid search results, highlights growing scrutiny on online travel marketing as regulators push for greater transparency in digital advertising. 
The Advertising Standards Authority in the United Kingdom has ordered Booking.com, Hilton, Accor and Travelodge to withdraw a series of hotel room promotions after ruling that their widely circulated "from" price advertisements misled consumers about the availability of the lowest-priced rooms. The watchdog's decision, affecting campaigns across Google's paid search results, highlights growing scrutiny on online travel marketing as regulators push for greater transparency in digital advertising. -
Jeff Bezos Reclaims Leadership With $6.2B AI Lab Aimed at Transforming Science
Jeff Bezos has re-entered the front lines of the global technology race with a £4.7 billion ($6.2 billion) artificial-intelligence venture that industry analysts say could rapidly reshape scientific development, engineering productivity and industrial design. 
Jeff Bezos has re-entered the front lines of the global technology race with a £4.7 billion ($6.2 billion) artificial-intelligence venture that industry analysts say could rapidly reshape scientific development, engineering productivity and industrial design. -
Novo Nordisk Slashes Wegovy and Ozempic Prices as TrumpRx Deal Reshapes $100B Weight-Loss Market
Novo Nordisk moved to cut U.S. prices on its leading GLP-1 weight-loss and diabetes drugs as competitive pressure from Eli Lilly and growing scrutiny from President Donald Trump intensify across the obesity-treatment market. The company's price reductions, which apply to Wegovy and Ozempic for cash-paying customers, come alongside new commitments tied to the administration's TrumpRx initiative and renewed strategic emphasis on an upcoming oral formulation meant to reshape patient adoption. 
Novo Nordisk moved to cut U.S. prices on its leading GLP-1 weight-loss and diabetes drugs as competitive pressure from Eli Lilly and growing scrutiny from President Donald Trump intensify across the obesity-treatment market. The company's price reductions, which apply to Wegovy and Ozempic for cash-paying customers, come alongside new commitments tied to the administration's TrumpRx initiative and renewed strategic emphasis on an upcoming oral formulation meant to reshape patient adoption.
