Jonathan Wong
The Latest
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Nike to Cut 1% of Corporate Staff as CEO Elliott Hill Refocuses on Sports Innovation
Nike is planning to lay off about 1% of its corporate workforce, the company confirmed, marking the second round of job cuts this year as Chief Executive Elliott Hill pushes a broad restructuring designed to restore growth and reinvigorate product innovation. 
Nike is planning to lay off about 1% of its corporate workforce, the company confirmed, marking the second round of job cuts this year as Chief Executive Elliott Hill pushes a broad restructuring designed to restore growth and reinvigorate product innovation. -
Best Buy Posts Stronger-Than-Expected Quarter, Keeps Guidance Amid Tariff Concerns
Best Buy reported quarterly results on Thursday that topped Wall Street expectations for both revenue and profit, but the retailer left its full-year forecast unchanged, citing tariff-related uncertainty that could dampen consumer spending later this year. 
Best Buy reported quarterly results on Thursday that topped Wall Street expectations for both revenue and profit, but the retailer left its full-year forecast unchanged, citing tariff-related uncertainty that could dampen consumer spending later this year. -
Keurig Dr Pepper to Acquire JDE Peet’s in $18.4 Billion Deal, Plans Split Into Two Companies
Keurig Dr Pepper will acquire Dutch coffee group JDE Peet's in a deal worth €15.7 billion ($18.4 billion) and split into two publicly listed businesses, the companies announced Monday. The transaction marks a major shift for the U.S. beverage giant as it seeks to strengthen its coffee business and separate operations into distinct units. 
Keurig Dr Pepper will acquire Dutch coffee group JDE Peet's in a deal worth €15.7 billion ($18.4 billion) and split into two publicly listed businesses, the companies announced Monday. The transaction marks a major shift for the U.S. beverage giant as it seeks to strengthen its coffee business and separate operations into distinct units. -
Ørsted Shares Plunge 18% as Trump Administration Halts $1.5 Billion Rhode Island Wind Farm
Ørsted shares sank to an all-time low Monday after the Trump administration ordered the Danish energy company to halt work on its nearly completed $1.5 billion Revolution Wind project off Rhode Island, heightening financial pressure on Europe's largest offshore wind developer. 
Ørsted shares sank to an all-time low Monday after the Trump administration ordered the Danish energy company to halt work on its nearly completed $1.5 billion Revolution Wind project off Rhode Island, heightening financial pressure on Europe's largest offshore wind developer. -
JPMorgan to Pay Malaysia $330 Million in 1MDB Settlement as Swiss Unit Fined for Money Laundering Failures
JPMorgan Chase agreed to pay the Malaysian government $330 million to settle all outstanding claims tied to its role in the multibillion-dollar 1MDB scandal, both parties said Friday. The agreement marks another major step in Malaysia's yearslong effort to recover billions looted from its sovereign wealth fund. 
JPMorgan Chase agreed to pay the Malaysian government $330 million to settle all outstanding claims tied to its role in the multibillion-dollar 1MDB scandal, both parties said Friday. The agreement marks another major step in Malaysia's yearslong effort to recover billions looted from its sovereign wealth fund. -
Target CEO Brian Cornell Steps Down After 11 Years as Sales Slide and Stock Plunges 10%
Target Corp. announced Wednesday that longtime Chief Executive Brian Cornell will step down as the retailer faces declining sales and mounting competitive pressures. The transition marks the end of Cornell's 11-year tenure, during which he overhauled the chain's stores and expanded its e-commerce operations. 
Target Corp. announced Wednesday that longtime Chief Executive Brian Cornell will step down as the retailer faces declining sales and mounting competitive pressures. The transition marks the end of Cornell's 11-year tenure, during which he overhauled the chain's stores and expanded its e-commerce operations. -
Xiaomi Q2 Revenue Jumps 30% to $16.1 Billion as EV Sales Surge 232%
Xiaomi posted a sharp rise in second-quarter revenue, buoyed by stronger smartphone shipments in Southeast Asia and rapid growth in its electric vehicle business, though it slightly lowered its annual handset target amid a sluggish global market. 
Xiaomi posted a sharp rise in second-quarter revenue, buoyed by stronger smartphone shipments in Southeast Asia and rapid growth in its electric vehicle business, though it slightly lowered its annual handset target amid a sluggish global market. -
Air Canada Strike Ends With Tentative Deal
Air Canada and the Canadian Union of Public Employees reached a tentative agreement Tuesday, ending a strike that forced the cancellation of thousands of flights and stranded hundreds of thousands of 
Air Canada and the Canadian Union of Public Employees reached a tentative agreement Tuesday, ending a strike that forced the cancellation of thousands of flights and stranded hundreds of thousands of -
SoftBank Pumps $2 Billion Into Intel as Washington Weighs $10 Billion U.S. Stake
Intel Corp. secured a $2 billion investment from Japan's SoftBank Group on Monday, a high-profile vote of confidence in the U.S. chipmaker as it struggles to catch up in the booming market for artificial intelligence semiconductors. 
Intel Corp. secured a $2 billion investment from Japan's SoftBank Group on Monday, a high-profile vote of confidence in the U.S. chipmaker as it struggles to catch up in the booming market for artificial intelligence semiconductors. -
Air Canada Union Chief Vows Jail Over Strike as Airline Cancels Hundreds of Flights
Air Canada's operations remained crippled Monday as more than 10,000 flight attendants defied a federal order to return to work, forcing the airline to suspend third-quarter and full-year 2025 guidance and stranding hundreds of thousands of travelers at the height of the tourism season. 
Air Canada's operations remained crippled Monday as more than 10,000 flight attendants defied a federal order to return to work, forcing the airline to suspend third-quarter and full-year 2025 guidance and stranding hundreds of thousands of travelers at the height of the tourism season.
