Jonathan Wong
The Latest
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Cisco to Cut Over 4,000 Jobs, Redirecting Investments Towards Artificial Intelligence
Cisco Systems announced plans to lay off 5% of its global workforce, translating to over 4,000 employees. This decision is part of the company's strategic realignment to concentrate on burgeoning sectors like AI, amid a challenging economic landscape that has seen many tech giants reevaluate their workforce and investment priorities. 
Cisco Systems announced plans to lay off 5% of its global workforce, translating to over 4,000 employees. This decision is part of the company's strategic realignment to concentrate on burgeoning sectors like AI, amid a challenging economic landscape that has seen many tech giants reevaluate their workforce and investment priorities. -
Earnings Typo Error Sends Lyft Stock on Wild Ride, Questions Raised
Lyft, the renowned ride-sharing company, faced an extraordinary situation due to a typographical error in its earnings report. This incident not only led to a dramatic fluctuation in the company's stock prices but also spotlighted the critical nature of financial communications and the repercussions of inaccuracies, however minor they may seem. 
Lyft, the renowned ride-sharing company, faced an extraordinary situation due to a typographical error in its earnings report. This incident not only led to a dramatic fluctuation in the company's stock prices but also spotlighted the critical nature of financial communications and the repercussions of inaccuracies, however minor they may seem. -
Jeff Bezos Sells $4 Billion in Amazon Stock Ahead of Florida Relocation
Amazon founder Jeff Bezos is continuing his divestment from the e-commerce giant, recent regulatory filings indicating the sale of more than $4 billion in stock over the past week. This follows earlier reporting of Bezos' 50-million share sell-off plan to be completed by 2025, through Morgan Stanley as his brokerage firm. 
Amazon founder Jeff Bezos is continuing his divestment from the e-commerce giant, recent regulatory filings indicating the sale of more than $4 billion in stock over the past week. This follows earlier reporting of Bezos' 50-million share sell-off plan to be completed by 2025, through Morgan Stanley as his brokerage firm. -
Paramount Global Cuts 800 Jobs, Streamlining for Future Growth
Paramount Global, the parent company of CBS, is embarking on a significant restructuring effort, resulting in the termination of approximately 800 positions, which equates to about 3% of its workforce. 
Paramount Global, the parent company of CBS, is embarking on a significant restructuring effort, resulting in the termination of approximately 800 positions, which equates to about 3% of its workforce. -
Lyft's Stock Skyrockets Following Earnings Triumph and Optimistic Outlook
Lyft's shares surged by more than 60%, buoyed by an earnings report that exceeded analysts' expectations and an optimistic financial outlook for the coming year. The ride-hailing service reported an adjusted earnings per share of 18 cents, doubling the 8 cents forecast by analysts surveyed by LSEG (formerly Refinitiv). This financial achievement comes alongside reported revenue of $1.22 billion for the quarter, aligning with market predictions. 
Lyft's shares surged by more than 60%, buoyed by an earnings report that exceeded analysts' expectations and an optimistic financial outlook for the coming year. The ride-hailing service reported an adjusted earnings per share of 18 cents, doubling the 8 cents forecast by analysts surveyed by LSEG (formerly Refinitiv). This financial achievement comes alongside reported revenue of $1.22 billion for the quarter, aligning with market predictions. -
IRS Adjustments Could Lead to Larger Tax Refunds This Year
As tax season unfolds, the perennial debate surrounding the size of tax refunds and the optimal withholding strategy resurfaces. The anticipation of tax refunds, often regarded as the year's most significant payday for millions of Americans, brings forth a critical financial decision: is it more prudent to receive a substantial refund or to adjust withholdings for a smaller return? 
As tax season unfolds, the perennial debate surrounding the size of tax refunds and the optimal withholding strategy resurfaces. The anticipation of tax refunds, often regarded as the year's most significant payday for millions of Americans, brings forth a critical financial decision: is it more prudent to receive a substantial refund or to adjust withholdings for a smaller return? -
JetBlue Shares Soar After Carl Icahn Discloses Stake
JetBlue Airways saw its shares surge by over 15% following the revelation that corporate titan Carl Icahn had acquired a nearly 10% stake in the airline, branding it as undervalued. The disclosure of Icahn's significant investment has stirred the market, coming at a crucial juncture for JetBlue as it endeavors to navigate post-pandemic recovery and the fallout from a thwarted merger with Spirit Airlines. 
JetBlue Airways saw its shares surge by over 15% following the revelation that corporate titan Carl Icahn had acquired a nearly 10% stake in the airline, branding it as undervalued. The disclosure of Icahn's significant investment has stirred the market, coming at a crucial juncture for JetBlue as it endeavors to navigate post-pandemic recovery and the fallout from a thwarted merger with Spirit Airlines. -
Diamondback Energy's $26B Acquisition to Create a New Global Oil Giant Valued at over $50B
Diamondback Energy, an American shale oil and gas producer, has announced a colossal acquisition that could give birth to a new global oil behemoth. 
Diamondback Energy, an American shale oil and gas producer, has announced a colossal acquisition that could give birth to a new global oil behemoth. -
Jeff Bezos' Strategic Miami Move Nets Over $600 Million in Tax Savings
Jeff Bezos, the founder of Amazon and a pivotal figure in the global tech industry, has recently made headlines not just for his business acumen but for a strategic relocation that stands to save him over $600 million in taxes. Jeff Bezos, the founder of Amazon and a pivotal figure in the global tech industry, has recently made headlines not just for his business acumen but for a strategic relocation that stands to save him over $600 million in taxes. -
Arm Holdings Soars as AI Demand Fuels Investor Optimism
Arm Holdings witnessed a significant surge in its stock value, climbing more than 29% on Monday. This extension of an impressive rally comes in the wake of the chipmaker's third-quarter earnings announcement on February 8, which far exceeded market expectations, propelling the stock to soar over 90% since the financial disclosure. 
Arm Holdings witnessed a significant surge in its stock value, climbing more than 29% on Monday. This extension of an impressive rally comes in the wake of the chipmaker's third-quarter earnings announcement on February 8, which far exceeded market expectations, propelling the stock to soar over 90% since the financial disclosure.
