Jonathan Wong
The Latest
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China’s CIC to Sell $1 Billion in U.S. Private Equity Stake
China Investment Corporation is preparing to sell approximately $1 billion worth of U.S. private equity fund stakes in the secondary market, according to multiple people familiar with the matter, as the $1.33 trillion sovereign wealth fund moves to rebalance its portfolio against the backdrop of escalating tensions between Beijing and Washington. 
China Investment Corporation is preparing to sell approximately $1 billion worth of U.S. private equity fund stakes in the secondary market, according to multiple people familiar with the matter, as the $1.33 trillion sovereign wealth fund moves to rebalance its portfolio against the backdrop of escalating tensions between Beijing and Washington. -
Yum Brands Posts Mixed Q1 as Taco Bell Drives Growth, Pizza Hut Sales Slide 2%
Yum Brands reported stronger-than-expected same-store sales growth in the first quarter, led by robust demand at Taco Bell and KFC's international operations, even as revenue fell short of Wall Street expectations and Pizza Hut posted another quarterly decline. 
Yum Brands reported stronger-than-expected same-store sales growth in the first quarter, led by robust demand at Taco Bell and KFC's international operations, even as revenue fell short of Wall Street expectations and Pizza Hut posted another quarterly decline. -
Snap Falls Over 14% After Pulling Guidance Despite Revenue Beat, Flags Ad Headwinds
Snap Inc. reported stronger-than-expected first-quarter revenue Tuesday, but its shares fell more than 14% in after-hours trading after the company declined to provide forward guidance, citing macroeconomic concerns and volatility in the advertising market. The company said it anticipates continued pressure from economic conditions that could weigh on advertiser spending through the second quarter. 
Snap Inc. reported stronger-than-expected first-quarter revenue Tuesday, but its shares fell more than 14% in after-hours trading after the company declined to provide forward guidance, citing macroeconomic concerns and volatility in the advertising market. The company said it anticipates continued pressure from economic conditions that could weigh on advertiser spending through the second quarter. -
Adidas Warns U.S. Consumers Face Higher Prices as Trump Tariffs Pressure Profits
Adidas AG warned Tuesday that it would raise prices on all its U.S. products as a result of steep tariffs imposed by President Donald Trump, even as the German sportswear giant reported stronger-than-expected first-quarter earnings. 
Adidas AG warned Tuesday that it would raise prices on all its U.S. products as a result of steep tariffs imposed by President Donald Trump, even as the German sportswear giant reported stronger-than-expected first-quarter earnings. -
Amazon Denies Plans to Display U.S. Tariff Costs Amid White House Criticism
Amazon denied on Tuesday that it planned to disclose the cost that U.S. tariffs imposed by President Donald Trump were adding to its product prices, pushing back against a report that had sparked criticism from the White House. 
Amazon denied on Tuesday that it planned to disclose the cost that U.S. tariffs imposed by President Donald Trump were adding to its product prices, pushing back against a report that had sparked criticism from the White House. -
Novo Nordisk Expands Wegovy Access Through Telehealth as Hims & Hers Shares Surge 30%
Novo Nordisk announced Tuesday it will partner with telehealth providers Hims & Hers Health, Ro, and LifeMD to sell its blockbuster weight-loss drug Wegovy, aiming to widen access now that supply shortages have eased in the United States. 
Novo Nordisk announced Tuesday it will partner with telehealth providers Hims & Hers Health, Ro, and LifeMD to sell its blockbuster weight-loss drug Wegovy, aiming to widen access now that supply shortages have eased in the United States. -
General Motors Warns Tariffs Could Hit 2025 Outlook Despite First-Quarter Profit Beat
General Motors is reassessing its 2025 financial outlook amid growing uncertainty over new auto tariffs imposed by President Donald Trump, despite posting stronger-than-expected first-quarter earnings. 
General Motors is reassessing its 2025 financial outlook amid growing uncertainty over new auto tariffs imposed by President Donald Trump, despite posting stronger-than-expected first-quarter earnings. -
UPS to Cut 20,000 Jobs and Shut 73 Buildings After Profit Tops Estimates Amid Tariff Pressures
United Parcel Service said Tuesday it plans to cut about 20,000 jobs and close 73 buildings by the end of June as part of a sweeping cost-reduction effort aimed at saving $3.5 billion in 2025, even as its first-quarter profit topped Wall Street estimates. 
United Parcel Service said Tuesday it plans to cut about 20,000 jobs and close 73 buildings by the end of June as part of a sweeping cost-reduction effort aimed at saving $3.5 billion in 2025, even as its first-quarter profit topped Wall Street estimates. -
Temu Slaps 145% Import Charges on U.S. Shoppers Following Trump Tariffs
Chinese online retailer Temu has sharply raised prices for U.S. customers by imposing import charges of roughly 145%, following the Trump administration's new round of tariffs on Chinese goods. The sudden price hikes have stunned shoppers, in some cases more than doubling the cost of popular items. 
Chinese online retailer Temu has sharply raised prices for U.S. customers by imposing import charges of roughly 145%, following the Trump administration's new round of tariffs on Chinese goods. The sudden price hikes have stunned shoppers, in some cases more than doubling the cost of popular items. -
IBM Commits $150 Billion to U.S. Tech Expansion, Including $30 Billion for Quantum Computer Manufacturing
International Business Machines Corp. announced Monday it will invest $150 billion in the United States over the next five years, including more than $30 billion specifically earmarked for boosting domestic manufacturing of quantum computers and mainframe systems. 
International Business Machines Corp. announced Monday it will invest $150 billion in the United States over the next five years, including more than $30 billion specifically earmarked for boosting domestic manufacturing of quantum computers and mainframe systems.
