Jonathan Wong
The Latest
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Nvidia and AMD Target Intel's PC Dominance with Arm-Based Chips
Nvidia and AMD are reportedly working on Arm-based central processing units (CPUs) that could challenge Intel's longstanding dominance in the personal computer market. These developments come amid the rising prominence of Arm-based chips, which are known for their energy efficiency and are commonly used in smartphones. 
Nvidia and AMD are reportedly working on Arm-based central processing units (CPUs) that could challenge Intel's longstanding dominance in the personal computer market. These developments come amid the rising prominence of Arm-based chips, which are known for their energy efficiency and are commonly used in smartphones. -
UAW Strike Update: 6,800 Workers Join Strike at Sterling Heights Assembly Plant Amid Contract Negotiations
United Auto Workers (UAW) union has expanded its strike to include Stellantis' Sterling Heights Assembly Plant (SHAP), sending 6,800 workers to the picket lines. This move underscores the union's determination to secure better terms for its members and highlights the challenges automakers face in navigating labor relations amid a rapidly changing industry landscape. 
United Auto Workers (UAW) union has expanded its strike to include Stellantis' Sterling Heights Assembly Plant (SHAP), sending 6,800 workers to the picket lines. This move underscores the union's determination to secure better terms for its members and highlights the challenges automakers face in navigating labor relations amid a rapidly changing industry landscape. -
UAW Strike Update: Ford Faces Mounting Layoffs as Disruptions Continue, Over 3,000 Workers Now Sidelined
Cumulatively, since the genesis of the strike, Ford's layoffs have surged to 3,100, a consequence Ford labels as the "knock-on effect." 
Cumulatively, since the genesis of the strike, Ford's layoffs have surged to 3,100, a consequence Ford labels as the "knock-on effect." -
Chevron Acquires Hess in a Strategic $53 Billion All-Stock Deal
In a significant move that underscores the ongoing consolidation within the energy sector, Chevron Corporation has announced its acquisition of Hess Corporation in an all-stock transaction valued at $53 billion. This acquisition is set to diversify and upgrade Chevron's already robust portfolio, marking a pivotal moment in the energy industry's landscape. 
In a significant move that underscores the ongoing consolidation within the energy sector, Chevron Corporation has announced its acquisition of Hess Corporation in an all-stock transaction valued at $53 billion. This acquisition is set to diversify and upgrade Chevron's already robust portfolio, marking a pivotal moment in the energy industry's landscape. -
UAW Strike Update: Detroit's Big Three Face Pressure to Boost Offers as UAW Threatens Extended Strikes
Amid a backdrop of rising tensions, United Auto Workers (UAW) President Shawn Fain bolstered his call for enhanced terms from Detroit's automotive triumvirate, hinting at extended strike actions if their terms weren't met. The "Big Three" automakers, despite tabling record contract proposals, are under pressure to offer more, particularly as they navigate impressive profitability margins. 
Amid a backdrop of rising tensions, United Auto Workers (UAW) President Shawn Fain bolstered his call for enhanced terms from Detroit's automotive triumvirate, hinting at extended strike actions if their terms weren't met. The "Big Three" automakers, despite tabling record contract proposals, are under pressure to offer more, particularly as they navigate impressive profitability margins. -
Musk's Fortune Shrinks by $16 Billion as Tesla Shares Plunge 9%
Despite Elon Musk retaining his title as the world's richest individual, Tesla's stock took a significant hit, dropping over 9% on Thursday, October 19. This decline, speculated to be a result of Tesla's Q3 revenue and profits falling short of expectations for the first time since Q2 2019, wiped out at least $16 billion from Musk's net worth. 
Despite Elon Musk retaining his title as the world's richest individual, Tesla's stock took a significant hit, dropping over 9% on Thursday, October 19. This decline, speculated to be a result of Tesla's Q3 revenue and profits falling short of expectations for the first time since Q2 2019, wiped out at least $16 billion from Musk's net worth. -
U.S. Home Sales Plunge to a 13-Year Nadir Amid Mounting Rates and Prices
September saw a sharp decline in the U.S. housing market, with sales of existing homes plummeting to their lowest levels since 2010, according to data released by the National Association of Realtors (NAR). The decline underscores the headwinds faced by potential homeowners, as a combination of rising mortgage rates and surging home prices diminished affordability. 
September saw a sharp decline in the U.S. housing market, with sales of existing homes plummeting to their lowest levels since 2010, according to data released by the National Association of Realtors (NAR). The decline underscores the headwinds faced by potential homeowners, as a combination of rising mortgage rates and surging home prices diminished affordability. -
OpenAI Aims High with a Potential $86 Billion Valuation for Share Sales - Report
OpenAI, the innovative firm behind the groundbreaking chatbot ChatGPT, is reportedly in negotiations to sell shares reflecting an impressive valuation of $86 billion. This information has emerged from sources who are familiar with these ongoing discussions. 
OpenAI, the innovative firm behind the groundbreaking chatbot ChatGPT, is reportedly in negotiations to sell shares reflecting an impressive valuation of $86 billion. This information has emerged from sources who are familiar with these ongoing discussions. -
United Airlines Introduces WILMA: Window Seats to Board First in New Strategy
United Airlines, a major player in the aviation industry, is set to introduce a significant change in its boarding process. Starting October 26, the airline will prioritize economy passengers with window seats, allowing them to board before those with middle and aisle seats. This strategic move, termed the WILMA system (Window, Middle, Aisle), aims to enhance the boarding experience and reduce time spent in the process. 
United Airlines, a major player in the aviation industry, is set to introduce a significant change in its boarding process. Starting October 26, the airline will prioritize economy passengers with window seats, allowing them to board before those with middle and aisle seats. This strategic move, termed the WILMA system (Window, Middle, Aisle), aims to enhance the boarding experience and reduce time spent in the process. -
Costco Announces CEO Transition: Jelinek Out, Vachris In
Costco Wholesale Corp., one of the world's leading membership-only warehouse clubs, announced that its long-serving CEO, Craig Jelinek, will be stepping down from his position effective January 1, 2024. Taking the helm will be the company's current Chief Operating Officer, Ron Vachris. 
Costco Wholesale Corp., one of the world's leading membership-only warehouse clubs, announced that its long-serving CEO, Craig Jelinek, will be stepping down from his position effective January 1, 2024. Taking the helm will be the company's current Chief Operating Officer, Ron Vachris.
