Jonathan Wong
The Latest
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Samsung Posts 1,800% Profit Surge, but Shares Drop 7% as AI Spending Concerns Weigh on Outlook
Samsung Electronics reported one of the strongest quarterly performances in its history, posting an operating profit that surged more than 1,800% from a year earlier as demand for artificial intelligence chips fueled record revenue. Yet the blockbuster earnings failed to reassure investors, with the company's shares falling nearly 7% as markets shifted their attention from current profits to questions about whether the AI investment boom can continue. 
Samsung Electronics reported one of the strongest quarterly performances in its history, posting an operating profit that surged more than 1,800% from a year earlier as demand for artificial intelligence chips fueled record revenue. Yet the blockbuster earnings failed to reassure investors, with the company's shares falling nearly 7% as markets shifted their attention from current profits to questions about whether the AI investment boom can continue. -
Trump Claims Credit for Walmart Price Cuts, but Retailer's Summer Discounts Began Before His Announcement
President Donald Trump on Monday credited his administration with Walmart's latest wave of price reductions, saying the nation's largest retailer lowered prices "at my Administration's request" to celebrate America's 250th anniversary. But the timeline of Walmart's annual summer promotion suggests the discounts had already been rolled out before the president made the claim, renewing debate over how much influence the White House has over private-sector pricing. 
President Donald Trump on Monday credited his administration with Walmart's latest wave of price reductions, saying the nation's largest retailer lowered prices "at my Administration's request" to celebrate America's 250th anniversary. But the timeline of Walmart's annual summer promotion suggests the discounts had already been rolled out before the president made the claim, renewing debate over how much influence the White House has over private-sector pricing. -
Apple and Micron Clash Over Soaring Memory Prices as Chip Shortage Pushes Up MacBook and iPad Costs
Apple's latest round of price increases for MacBooks, iPads and several other hardware products has exposed growing tensions within the semiconductor supply chain, with Apple and memory-chip manufacturer Micron offering sharply different explanations for the global memory shortage driving up costs. 
Apple's latest round of price increases for MacBooks, iPads and several other hardware products has exposed growing tensions within the semiconductor supply chain, with Apple and memory-chip manufacturer Micron offering sharply different explanations for the global memory shortage driving up costs. -
TikTok Settles Teen Mental Health Lawsuit Ahead of Trial as Thousands of Social Media Cases Continue
TikTok and its parent company, ByteDance, have reached a confidential settlement with a Florida teenager who alleged the platform's recommendation algorithm and design features contributed to compulsive social media use and serious mental health problems, removing the company from a closely watched California trial that had been scheduled to begin later this month. 
TikTok and its parent company, ByteDance, have reached a confidential settlement with a Florida teenager who alleged the platform's recommendation algorithm and design features contributed to compulsive social media use and serious mental health problems, removing the company from a closely watched California trial that had been scheduled to begin later this month. -
Elon Musk's Federal Workforce Overhaul Cost Taxpayers Up to $15.1 Billion, Watchdog Report Says
The Trump administration's effort to dramatically reduce the federal workforce through a program championed by Elon Musk may have cost taxpayers between $11.1 billion and $15.1 billion while producing far less immediate savings than originally promised, according to a new analysis released by government watchdog Public Citizen. 
The Trump administration's effort to dramatically reduce the federal workforce through a program championed by Elon Musk may have cost taxpayers between $11.1 billion and $15.1 billion while producing far less immediate savings than originally promised, according to a new analysis released by government watchdog Public Citizen. -
Trump Warns Gas Retailers of ‘Big Problems’ if Pump Prices Don’t Fall as Oil Trades Near $70
President Donald Trump intensified pressure on U.S. gasoline retailers on Tuesday, warning that companies could face "big problems" if they fail to lower prices at the pump despite declining crude oil costs, as his administration continues to scrutinize the energy industry over what it characterizes as delayed price reductions. 
President Donald Trump intensified pressure on U.S. gasoline retailers on Tuesday, warning that companies could face "big problems" if they fail to lower prices at the pump despite declining crude oil costs, as his administration continues to scrutinize the energy industry over what it characterizes as delayed price reductions. -
DOJ Drops Criminal Case Against Abbott Despite Investigation Into Baby Formula Linked to Infant Deaths
The U.S. Department of Justice has abandoned its criminal investigation into Abbott Laboratories over the company's handling of its Michigan infant formula plant, opting instead to pursue civil enforcement despite a multi-year federal probe into conditions linked to a deadly 2022 contamination outbreak and nationwide formula shortage. 
The U.S. Department of Justice has abandoned its criminal investigation into Abbott Laboratories over the company's handling of its Michigan infant formula plant, opting instead to pursue civil enforcement despite a multi-year federal probe into conditions linked to a deadly 2022 contamination outbreak and nationwide formula shortage. -
Apple Raises MacBook and iPad Prices by Over 10% as AI-Driven Chip Costs Surge
Apple has increased prices on several MacBook and iPad models by more than 10%, marking one of its most significant hardware pricing moves in recent years as surging memory chip costs ripple through the global technology industry. The increases come only days after Chief Executive Tim Cook warned that higher component costs would make price hikes "unavoidable." 
Apple has increased prices on several MacBook and iPad models by more than 10%, marking one of its most significant hardware pricing moves in recent years as surging memory chip costs ripple through the global technology industry. The increases come only days after Chief Executive Tim Cook warned that higher component costs would make price hikes "unavoidable." -
Walmart Cuts 306 More Tech Jobs in California as AI Restructuring Expands
Walmart is eliminating another 306 technology positions in California, extending a series of workforce reductions even as the retail giant reports rising profits and accelerating growth in its e-commerce and advertising businesses. 
Walmart is eliminating another 306 technology positions in California, extending a series of workforce reductions even as the retail giant reports rising profits and accelerating growth in its e-commerce and advertising businesses. -
SpaceX Shares Slide 31%, Knocking Elon Musk Below $1 Trillion Net Worth
Elon Musk's brief reign as the world's first trillionaire has come to an abrupt end after a sharp pullback in SpaceX shares erased hundreds of billions of dollars in market value and pushed his estimated fortune below the $1 trillion mark. Elon Musk's brief reign as the world's first trillionaire has come to an abrupt end after a sharp pullback in SpaceX shares erased hundreds of billions of dollars in market value and pushed his estimated fortune below the $1 trillion mark.
