Jonathan Wong
The Latest
-
Tesla Responds to Sluggish EV Demand with Strategic Price Cuts
Tesla Inc. (TSLA) has implemented a fresh series of price cuts across its Model Y lineup in the United States. 
Tesla Inc. (TSLA) has implemented a fresh series of price cuts across its Model Y lineup in the United States. -
OpenAI CEO Sam Altman's Bold $7 Trillion Bet to Overhaul the Global AI Chip Market
OpenAI's CEO, Sam Altman, is setting his sights on an ambitious goal that could potentially revolutionize the semiconductor industry and accelerate the advancement of artificial intelligence (AI) technology globally. Altman is reportedly seeking to raise an unprecedented amount of funding, estimated between $5 trillion and $7 trillion, to dramatically increase the production of high-powered computer chips essential for AI development. 
OpenAI's CEO, Sam Altman, is setting his sights on an ambitious goal that could potentially revolutionize the semiconductor industry and accelerate the advancement of artificial intelligence (AI) technology globally. Altman is reportedly seeking to raise an unprecedented amount of funding, estimated between $5 trillion and $7 trillion, to dramatically increase the production of high-powered computer chips essential for AI development. -
Expedia's Leadership Shake-Up and Stock Slide Amid Travel Booking Concerns
Expedia Group Inc. (EXPE) announced a significant leadership transition, with Ariane Gorin, the President of Expedia for Business, set to succeed Peter Kern as CEO effective May 13. 
Expedia Group Inc. (EXPE) announced a significant leadership transition, with Ariane Gorin, the President of Expedia for Business, set to succeed Peter Kern as CEO effective May 13. -
America's Largest Banks Cut Overdraft Revenue by $700 Million in Consumer-Friendly Shift
America's largest retail banks, including JPMorgan Chase, Wells Fargo, and Bank of America, have reported a collective decrease in overdraft fee revenues by 25% last year, summing up to $2.2 billion. 
America's largest retail banks, including JPMorgan Chase, Wells Fargo, and Bank of America, have reported a collective decrease in overdraft fee revenues by 25% last year, summing up to $2.2 billion. -
Snoop Dogg Accuses Walmart of Undermining Cereal Brand
In a legal battle that pits prominent rapper Snoop Dogg, Calvin Broadus, and his co-founder Percy "Master P" Miller against retail giant Walmart and Post Consumer Brands, allegations have surfaced accusing the companies of deliberately undermining the success of their cereal brand, Snoop Cereal. 
In a legal battle that pits prominent rapper Snoop Dogg, Calvin Broadus, and his co-founder Percy "Master P" Miller against retail giant Walmart and Post Consumer Brands, allegations have surfaced accusing the companies of deliberately undermining the success of their cereal brand, Snoop Cereal. -
Snap's Stock Plummets Amid Revenue Miss and Dismal Outlook
Snap Inc. experienced a precipitous drop in its stock value, plummeting 35% in Wednesday morning trading following the release of its fiscal fourth-quarter earnings report. The social media company not only missed revenue expectations but also provided a less-than-optimistic financial outlook, exacerbating investor concerns over the company's recovery pace from a challenging advertising market in 2022. 
Snap Inc. experienced a precipitous drop in its stock value, plummeting 35% in Wednesday morning trading following the release of its fiscal fourth-quarter earnings report. The social media company not only missed revenue expectations but also provided a less-than-optimistic financial outlook, exacerbating investor concerns over the company's recovery pace from a challenging advertising market in 2022. -
NYCB Stock Tumbles as Moody’s Downgrade Shakes Confidence
New York Community Bank (NYCB) experienced a dramatic plunge in its stock value, following Moody's Investors Service's decision to downgrade the bank's credit rating to junk status. 
New York Community Bank (NYCB) experienced a dramatic plunge in its stock value, following Moody's Investors Service's decision to downgrade the bank's credit rating to junk status. -
Wall Street Concerns Mount Over Small Banks' Commercial Real Estate Loan Provisions as NYCB Shares Plummet
NYCB's stock experienced a significant decline, dropping 22.2% to $4.20, marking a new closing low since 1997. Since revealing unexpected losses on January 31, NYCB has seen its stock value decrease by nearly 60%, erasing approximately $4 billion in market value. NYCB's stock experienced a significant decline, dropping 22.2% to $4.20, marking a new closing low since 1997. Since revealing unexpected losses on January 31, NYCB has seen its stock value decrease by nearly 60%, erasing approximately $4 billion in market value. -
Snap Shares Plunge 30% Amid Disappointing Profits and Massive Layoffs
Snap's revenue for the fourth quarter of last year fell short of expectations, and the guidance for losses in the first quarter of 2024 significantly exceeded analysts' forecasts, due to the ongoing downturn in the digital advertising market. Snap's revenue for the fourth quarter of last year fell short of expectations, and the guidance for losses in the first quarter of 2024 significantly exceeded analysts' forecasts, due to the ongoing downturn in the digital advertising market. -
WeWork's Stock Surges Amid Acquisition Talks with Founder Adam Neumann
Adam Neumann, the ousted founder of WeWork, is reportedly seeking external funds to acquire the company and pull it out of bankruptcy. The potential financial backers include prominent Wall Street figures like Dan Loeb's hedge fund Third Point among others, a development that led to WeWork's stock doubling on February 6. 
Adam Neumann, the ousted founder of WeWork, is reportedly seeking external funds to acquire the company and pull it out of bankruptcy. The potential financial backers include prominent Wall Street figures like Dan Loeb's hedge fund Third Point among others, a development that led to WeWork's stock doubling on February 6.
