Jonathan Wong
The Latest
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Nissan’s $4.5 Billion Loss and Failed Honda Deal Raise Risks of Higher U.S. Car Prices
The collapse of merger talks between Honda Motor Co. and Nissan Motor Co. has left Nissan facing an accelerating financial crisis that industry executives warn could ripple quickly into the U.S. car market, pushing up prices and narrowing consumer choice as Chinese electric-vehicle makers expand their global reach. 
The collapse of merger talks between Honda Motor Co. and Nissan Motor Co. has left Nissan facing an accelerating financial crisis that industry executives warn could ripple quickly into the U.S. car market, pushing up prices and narrowing consumer choice as Chinese electric-vehicle makers expand their global reach. -
Medline Shares Jump 30% After $6.26 Billion IPO, Capping Strongest New-Issue Year Since 2021
Shares of medical-supplies manufacturer Medline Industries surged more than 30% in their Nasdaq debut Wednesday, delivering the largest initial public offering of 2025 and reinforcing renewed optimism about the U.S. IPO market heading into 2026. The stock opened at $35, up from its $29 offering price, giving the company a market capitalization of at least $37 billion based on shares outstanding disclosed in regulatory filings. 
Shares of medical-supplies manufacturer Medline Industries surged more than 30% in their Nasdaq debut Wednesday, delivering the largest initial public offering of 2025 and reinforcing renewed optimism about the U.S. IPO market heading into 2026. The stock opened at $35, up from its $29 offering price, giving the company a market capitalization of at least $37 billion based on shares outstanding disclosed in regulatory filings. -
Tesla’s $350 ‘Plaid’ Pickleball Paddle Sells Out in Under Three Hours as Lifestyle Push Expands
Tesla has entered the fast-growing pickleball market with a $350 limited-edition paddle that sold out in under three hours, underscoring the company's ability to translate its brand cachet beyond electric vehicles and into premium lifestyle products. The paddle, branded the "Tesla Plaid," debuted Friday and immediately sparked debate over pricing, purpose, and the expanding scope of Tesla's consumer ambitions. 
Tesla has entered the fast-growing pickleball market with a $350 limited-edition paddle that sold out in under three hours, underscoring the company's ability to translate its brand cachet beyond electric vehicles and into premium lifestyle products. The paddle, branded the "Tesla Plaid," debuted Friday and immediately sparked debate over pricing, purpose, and the expanding scope of Tesla's consumer ambitions. -
Nike Braces for 1% Sales Decline as Greater China Revenue Slumps 9% and Rivals Gain Share
Nike Inc. is heading into its second-quarter earnings report facing fresh evidence that its recovery remains fragile, with analysts forecasting a year-over-year sales decline driven largely by a sharp slowdown in China and intensifying competition in global footwear markets. 
Nike Inc. is heading into its second-quarter earnings report facing fresh evidence that its recovery remains fragile, with analysts forecasting a year-over-year sales decline driven largely by a sharp slowdown in China and intensifying competition in global footwear markets. -
Amazon Cuts Dozens of Jobs in Washington, Says Move Is Separate From 14,000-Role Layoff Plan
Amazon is eliminating 84 jobs across Washington state early next year, according to a regulatory filing, a move the company says is unrelated to the sweeping global layoffs announced in October that eliminated roughly 14,000 roles and sent shockwaves through the technology sector. 
Amazon is eliminating 84 jobs across Washington state early next year, according to a regulatory filing, a move the company says is unrelated to the sweeping global layoffs announced in October that eliminated roughly 14,000 roles and sent shockwaves through the technology sector. -
Starlink’s Cash Flow Pushes SpaceX Toward Public Markets and Historic Valuation
SpaceX is laying the groundwork for a potential initial public offering that could rank among the largest and most consequential market debuts in modern financial history, as the company's valuation surges on the back of rapid growth at its satellite internet unit, Starlink, according to people familiar with the plans. 
SpaceX is laying the groundwork for a potential initial public offering that could rank among the largest and most consequential market debuts in modern financial history, as the company's valuation surges on the back of rapid growth at its satellite internet unit, Starlink, according to people familiar with the plans. -
Netflix Loses $55 Million in Fraud Case as New York Court Convicts Director Carl Erik Rinsch
A New York court on Dec. 11 convicted filmmaker Carl Erik Rinsch of fraud, capping a years-long saga that left Netflix with an estimated $55 million loss and no completed television series to show for it. The verdict marks one of the most costly production failures in the streaming company's history and underscores a broader retrenchment underway at Netflix as it reins in budgets, cancels underperforming projects and raises subscription prices. 
A New York court on Dec. 11 convicted filmmaker Carl Erik Rinsch of fraud, capping a years-long saga that left Netflix with an estimated $55 million loss and no completed television series to show for it. The verdict marks one of the most costly production failures in the streaming company's history and underscores a broader retrenchment underway at Netflix as it reins in budgets, cancels underperforming projects and raises subscription prices. -
Disney’s $1 Billion OpenAI Pact Signals AI Push Into Marvel, Star Wars and Core Creative Work
The Walt Disney Company has committed $1 billion to a sweeping partnership with OpenAI, granting the artificial-intelligence firm access to some of the most valuable characters in global entertainment and intensifying concerns across Hollywood that generative technology could displace human artists. The three-year agreement centers on OpenAI's video-generation model, Sora, and positions Disney as the most prominent studio yet to formally license its intellectual property for large-scale AI content creation. 
The Walt Disney Company has committed $1 billion to a sweeping partnership with OpenAI, granting the artificial-intelligence firm access to some of the most valuable characters in global entertainment and intensifying concerns across Hollywood that generative technology could displace human artists. The three-year agreement centers on OpenAI's video-generation model, Sora, and positions Disney as the most prominent studio yet to formally license its intellectual property for large-scale AI content creation. -
SpaceX Targets $25 Billion+ IPO, $1.5 Trillion Valuation as Starlink Drives 2026 Mega Listing
SpaceX is preparing for what could become one of the largest stock-market debuts in history, with Elon Musk's rocket and satellite company targeting a public listing in 2026 that may raise more than $25 billion and push its valuation above $1 trillion, according to multiple reports. Discussions with major banks have begun, Reuters reported, placing the offering window around June or July and signaling the revival of investor appetite for giant technology listings. SpaceX is preparing for what could become one of the largest stock-market debuts in history, with Elon Musk's rocket and satellite company targeting a public listing in 2026 that may raise more than $25 billion and push its valuation above $1 trillion, according to multiple reports. Discussions with major banks have begun, Reuters reported, placing the offering window around June or July and signaling the revival of investor appetite for giant technology listings. -
McDonald’s Pulls YouTube Comments After AI Christmas Ad Sparks Online Backlash
McDonald's has ignited a new round of public debate over artificial intelligence in advertising after releasing an AI-generated Christmas commercial for its Netherlands market and subsequently shutting off YouTube comments in response to mounting criticism. The campaign, produced by TBWA, an international AI creative team, and production company The Sweetshop, relies entirely on imagery generated through text prompting rather than traditional filming. 
McDonald's has ignited a new round of public debate over artificial intelligence in advertising after releasing an AI-generated Christmas commercial for its Netherlands market and subsequently shutting off YouTube comments in response to mounting criticism. The campaign, produced by TBWA, an international AI creative team, and production company The Sweetshop, relies entirely on imagery generated through text prompting rather than traditional filming.
