Jonathan Wong
The Latest
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California DMV Halts Cruise's Driverless Operations Following Safety Incidents
The California Department of Motor Vehicles (DMV) has suspended Cruise's permits for autonomous vehicle deployment and testing, citing immediate safety concerns. This decision comes less than three months after the California Public Utilities Commission greenlit Cruise's plan to offer 24/7 driverless rides in San Francisco. 
The California Department of Motor Vehicles (DMV) has suspended Cruise's permits for autonomous vehicle deployment and testing, citing immediate safety concerns. This decision comes less than three months after the California Public Utilities Commission greenlit Cruise's plan to offer 24/7 driverless rides in San Francisco. -
FTX Founder Sam Bankman-Fried to Testify in Federal Fraud Trial: Inside the Federal Fraud Allegations and Defense
am Bankman-Fried, the founder of the cryptocurrency exchange FTX, is set to testify in his own defense in the ongoing federal fraud trial. This decision, announced by his attorney in a conference call on Wednesday, is seen as a bold strategy, allowing Bankman-Fried to present his narrative regarding the collapse of his crypto empire, FTX. However, it also exposes him to a potentially grueling cross-examination by federal prosecutors. 
am Bankman-Fried, the founder of the cryptocurrency exchange FTX, is set to testify in his own defense in the ongoing federal fraud trial. This decision, announced by his attorney in a conference call on Wednesday, is seen as a bold strategy, allowing Bankman-Fried to present his narrative regarding the collapse of his crypto empire, FTX. However, it also exposes him to a potentially grueling cross-examination by federal prosecutors. -
Luxury Market Cooling Down? Financial Reports from Top Three Luxury Groups Signal a Shift
On October 24, Kering Group released its Q3 2023 financial report. For the three months ending September 30, sales fell 13% year-over-year to €44.64 billion, a 9% decline when adjusted for fixed exchange rates. In the first nine months of 2023, Kering Group's cumulative sales decreased by 2% compared to the previous year. 
On October 24, Kering Group released its Q3 2023 financial report. For the three months ending September 30, sales fell 13% year-over-year to €44.64 billion, a 9% decline when adjusted for fixed exchange rates. In the first nine months of 2023, Kering Group's cumulative sales decreased by 2% compared to the previous year. -
Tesla Faces DOJ Probes Over Vehicle Range, Personal Benefits, and More
Tesla Inc., the electric car giant helmed by Elon Musk, is currently under the scrutiny of the U.S. Department of Justice (DOJ) over multiple concerns, including the range of its vehicles and potential personal benefits to executives, according to recent disclosures. 
Tesla Inc., the electric car giant helmed by Elon Musk, is currently under the scrutiny of the U.S. Department of Justice (DOJ) over multiple concerns, including the range of its vehicles and potential personal benefits to executives, according to recent disclosures. -
Microsoft's Q1 Earnings Surpass Expectations with Azure's Robust Growth
Microsoft Corp. delivered a robust performance in its fiscal first-quarter earnings, surpassing Wall Street's expectations, primarily driven by its Azure cloud growth and a strategic focus on artificial intelligence (AI). The results underscore the tech giant's continued dominance in the cloud sector and its ability to innovate and adapt to the rapidly changing technological landscape. 
Microsoft Corp. delivered a robust performance in its fiscal first-quarter earnings, surpassing Wall Street's expectations, primarily driven by its Azure cloud growth and a strategic focus on artificial intelligence (AI). The results underscore the tech giant's continued dominance in the cloud sector and its ability to innovate and adapt to the rapidly changing technological landscape. -
Alphabet's Q3 Earnings: YouTube's Ad Revenue Soars as Company Beats Expectations
Alphabet Inc., the parent company of Google, reported an 11% revenue growth, marking a return to double-digit expansion for the first time in over a year. The company's third-quarter results surpassed Wall Street's expectations, driven primarily by a resurgence in advertising and the impressive performance of its video platform, YouTube. 
Alphabet Inc., the parent company of Google, reported an 11% revenue growth, marking a return to double-digit expansion for the first time in over a year. The company's third-quarter results surpassed Wall Street's expectations, driven primarily by a resurgence in advertising and the impressive performance of its video platform, YouTube. -
Meta Faces Multi-State Legal Challenges Over Alleged Addictive Features Targeting Youth
In a significant legal challenge, Meta, the parent company of Instagram, is facing lawsuits from dozens of states over allegations that its social media platforms employ features designed to be addictive, particularly targeting young users. The legal actions underscore the growing concerns and scrutiny over the impact of social media on the mental health of minors. 
In a significant legal challenge, Meta, the parent company of Instagram, is facing lawsuits from dozens of states over allegations that its social media platforms employ features designed to be addictive, particularly targeting young users. The legal actions underscore the growing concerns and scrutiny over the impact of social media on the mental health of minors. -
Coca-Cola Surpasses Expectations with Strong Q3 Earnings Amid Pricing Hikes
In a recent earnings report, Coca-Cola showcased its resilience in the face of rising commodity costs and pricing challenges. The beverage giant's third-quarter earnings and revenue surpassed analysts' expectations, demonstrating that consumers are willing to pay a premium for their favorite drinks, from the iconic soda to Simply juice. 
In a recent earnings report, Coca-Cola showcased its resilience in the face of rising commodity costs and pricing challenges. The beverage giant's third-quarter earnings and revenue surpassed analysts' expectations, demonstrating that consumers are willing to pay a premium for their favorite drinks, from the iconic soda to Simply juice. -
UAW Strike Updates: 5,000 Members Walk Out, Targeting GM's Key Plants Amid Earnings Reports
The United Auto Workers (UAW) union has amplified its strike actions against General Motors (GM), with the latest focal point being GM's Arlington Assembly plant in Texas, where 5,000 members have walked off the job. This escalation comes just hours after GM's third-quarter earnings report, which showcased growth despite the ongoing labor disputes. 
The United Auto Workers (UAW) union has amplified its strike actions against General Motors (GM), with the latest focal point being GM's Arlington Assembly plant in Texas, where 5,000 members have walked off the job. This escalation comes just hours after GM's third-quarter earnings report, which showcased growth despite the ongoing labor disputes. -
LVMH's Bernard Arnault Plans to Work Until 95; Succession Still Uncertain
While the successor to Bernard Arnault remains undecided, the equity inheritance plan for the LVMH Group is already in motion. 
While the successor to Bernard Arnault remains undecided, the equity inheritance plan for the LVMH Group is already in motion.
