Jonathan Wong
The Latest
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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. -
Gates Trust Dumps $9.7B in Microsoft and Berkshire Shares as Investors Brace for AI Spending Surge
Bill Gates' investment trust unloaded more than $9.7 billion in Microsoft and Berkshire Hathaway stock during the third quarter, a sweeping repositioning that arrives as U.S. markets weigh surging AI-related capital expenditures and Berkshire's transition toward a post-Buffett era. Regulatory filings show the Bill Gates Foundation Trust sold over 2.3 million Berkshire Hathaway Class B shares, valued at roughly $1.1 billion, while reducing its Microsoft holdings by 64.9%, a divestiture of 17 million shares worth approximately $8.6 billion. 
Bill Gates' investment trust unloaded more than $9.7 billion in Microsoft and Berkshire Hathaway stock during the third quarter, a sweeping repositioning that arrives as U.S. markets weigh surging AI-related capital expenditures and Berkshire's transition toward a post-Buffett era. Regulatory filings show the Bill Gates Foundation Trust sold over 2.3 million Berkshire Hathaway Class B shares, valued at roughly $1.1 billion, while reducing its Microsoft holdings by 64.9%, a divestiture of 17 million shares worth approximately $8.6 billion. -
Warren Buffett’s Farewell: $1.3 Billion Donation, “Going Quiet” After Six Decades Leading Berkshire Hathaway
In a personal and reflective letter released Monday, Warren Buffett announced that he will step down as chief executive of Berkshire Hathaway at the end of this year, ending more than six decades at the helm of the $1 trillion conglomerate. The 95-year-old investor-long known as the "Oracle of Omaha"-paired the announcement with a deeply human story from his childhood and a $1.3 billion philanthropic gift that continues his long-standing plan to give away nearly all of his fortune. 
In a personal and reflective letter released Monday, Warren Buffett announced that he will step down as chief executive of Berkshire Hathaway at the end of this year, ending more than six decades at the helm of the $1 trillion conglomerate. The 95-year-old investor-long known as the "Oracle of Omaha"-paired the announcement with a deeply human story from his childhood and a $1.3 billion philanthropic gift that continues his long-standing plan to give away nearly all of his fortune. -
SoftBank Sells $5.8 Billion Nvidia Stake, Boosts OpenAI Investment to $22.5 Billion
SoftBank Group has sold its entire $5.8 billion stake in Nvidia and trimmed major holdings in T-Mobile as part of a sweeping asset reallocation to finance its $22.5 billion expansion into OpenAI, underscoring founder Masayoshi Son's full-scale pivot toward artificial intelligence. 
SoftBank Group has sold its entire $5.8 billion stake in Nvidia and trimmed major holdings in T-Mobile as part of a sweeping asset reallocation to finance its $22.5 billion expansion into OpenAI, underscoring founder Masayoshi Son's full-scale pivot toward artificial intelligence. -
Wendy’s to Close Up to 350 U.S. Restaurants as Sales Lag and Franchise Pressures Mount
Wendy's is preparing to close between 200 and 350 restaurants across the United States beginning late next year, marking one of the most significant restructurings in the company's recent history. The closures are part of a turnaround plan aimed at improving profitability after several quarters of weakening sales and growing competition in the fast-food sector. 
Wendy's is preparing to close between 200 and 350 restaurants across the United States beginning late next year, marking one of the most significant restructurings in the company's recent history. The closures are part of a turnaround plan aimed at improving profitability after several quarters of weakening sales and growing competition in the fast-food sector. -
Tesla Shareholders Approve $1 Trillion Compensation Plan for Musk as Board Warns of Leadership Risk
Tesla shareholders have voted to approve a compensation package for CEO Elon Musk valued at up to $1 trillion, cementing one of the largest executive pay arrangements in corporate history and reinforcing Musk's role in shaping the company's long-term strategic direction. The vote, held during Tesla's annual meeting in Austin, received support from approximately 75% of shareholders, even as influential proxy advisory firms urged investors to reject the plan. 
Tesla shareholders have voted to approve a compensation package for CEO Elon Musk valued at up to $1 trillion, cementing one of the largest executive pay arrangements in corporate history and reinforcing Musk's role in shaping the company's long-term strategic direction. The vote, held during Tesla's annual meeting in Austin, received support from approximately 75% of shareholders, even as influential proxy advisory firms urged investors to reject the plan.
