Jonathan Wong
The Latest
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Tesla's Q3 Earnings Fall Short of Expectations Amid Cybertruck Delays
Tesla remains a dominant force. However, its recent third-quarter earnings report has painted a nuanced picture of the company's current trajectory. While Tesla continues to push the boundaries of innovation, its financial figures have raised eyebrows among analysts and investors. Tesla remains a dominant force. However, its recent third-quarter earnings report has painted a nuanced picture of the company's current trajectory. While Tesla continues to push the boundaries of innovation, its financial figures have raised eyebrows among analysts and investors. -
Netflix Announces Price Hikes Following a 9 Million Subscriber Surge in Q3
Netflix has announced price hikes for its streaming services in the US, UK, and France. This decision comes on the heels of a stellar third-quarter performance, where the streaming behemoth added nearly 9 million subscribers, surpassing its previous year's addition of 2.41 million during the same period. Netflix has announced price hikes for its streaming services in the US, UK, and France. This decision comes on the heels of a stellar third-quarter performance, where the streaming behemoth added nearly 9 million subscribers, surpassing its previous year's addition of 2.41 million during the same period. -
U.S. Household Wealth Skyrockets Amid Pandemic, But Income Disparities Deepen
The U.S. economy has witnessed a paradoxical trend during the pandemic years. While household wealth has seen a record surge, income inequality has simultaneously deepened, painting a complex picture of the nation's financial health. The U.S. economy has witnessed a paradoxical trend during the pandemic years. While household wealth has seen a record surge, income inequality has simultaneously deepened, painting a complex picture of the nation's financial health. -
Morgan Stanley's Q3 Earnings Highlight Wall Street's Volatile Landscape
Morgan Stanley, one of Wall Street's leading financial institutions, unveiled its third-quarter earnings, shedding light on the challenges faced by the banking sector. While the bank managed to surpass profit estimates, the results highlighted a slowdown in some of its core operations, leading to a significant drop in its stock value. Morgan Stanley, one of Wall Street's leading financial institutions, unveiled its third-quarter earnings, shedding light on the challenges faced by the banking sector. While the bank managed to surpass profit estimates, the results highlighted a slowdown in some of its core operations, leading to a significant drop in its stock value. -
X, Formerly Twitter, Introduces $1 Annual Fee for New Registrations
In a move that has taken many by surprise, X, the platform formerly known as Twitter, has announced its decision to charge new users a $1 annual fee. This decision comes after Elon Musk, the owner of X, had previously hinted at the possibility of introducing a charge for users of the platform. In a move that has taken many by surprise, X, the platform formerly known as Twitter, has announced its decision to charge new users a $1 annual fee. This decision comes after Elon Musk, the owner of X, had previously hinted at the possibility of introducing a charge for users of the platform. -
IRS Introduces Free Direct File Pilot Program in 13 States Amidst Tax Overhaul: Who will be eligible?
IRS Introduces Direct File Pilot Program in 13 States Amidst Tax Overhaul In a significant move towards modernizing the tax filing process, the Internal Revenue Service (IRS) has announced the launch of its Direct File pilot program for the 2024 tax season. This initiative, which will be available to select taxpayers in 13 states, is part of the IRS's broader effort to overhaul its operations and provide more streamlined services to the public. IRS Introduces Direct File Pilot Program in 13 States Amidst Tax Overhaul In a significant move towards modernizing the tax filing process, the Internal Revenue Service (IRS) has announced the launch of its Direct File pilot program for the 2024 tax season. This initiative, which will be available to select taxpayers in 13 states, is part of the IRS's broader effort to overhaul its operations and provide more streamlined services to the public. -
Wisconsin Senate Approves $2 Billion Tax Cut, Evers' Veto Expected
The Republican-controlled Wisconsin Senate has passed a $2 billion income tax cut. This decision is part of a broader package that also addresses child care costs. However, the package's future remains uncertain, as Democratic Governor Tony Evers is widely expected to veto it. The Republican-controlled Wisconsin Senate has passed a $2 billion income tax cut. This decision is part of a broader package that also addresses child care costs. However, the package's future remains uncertain, as Democratic Governor Tony Evers is widely expected to veto it. -
Rolls-Royce to Eliminate 2,500 Jobs Globally in Major Restructuring Move
Rolls-Royce, the renowned engineering giant, has announced its intention to eliminate up to 2,500 positions worldwide. This decision is part of the company's broader strategy to establish a "more efficient and effective" organization. Rolls-Royce, the renowned engineering giant, has announced its intention to eliminate up to 2,500 positions worldwide. This decision is part of the company's broader strategy to establish a "more efficient and effective" organization. -
Bank of America Sees 10% Profit Rise Amid Strong Wall Street Performance
Bank of America has reported a 10% rise in its third-quarter profits. The Charlotte, North Carolina-based banking giant announced earnings of $7.8 billion, with revenue climbing 2.9% to reach $25.32 billion. This performance surpassed analysts' expectations, with the bank's shares rising 1.4% in premarket trading. Bank of America has reported a 10% rise in its third-quarter profits. The Charlotte, North Carolina-based banking giant announced earnings of $7.8 billion, with revenue climbing 2.9% to reach $25.32 billion. This performance surpassed analysts' expectations, with the bank's shares rising 1.4% in premarket trading. -
Ford's Urgent Plea to UAW Amid Strike: The Future of American Auto Industry at Stake
Ford Motor Executive Chair Bill Ford issued a fervent appeal on Monday, urging the United Auto Workers (UAW) to conclude their ongoing strike, emphasizing the potential repercussions not just for Ford but for the entire American automotive sector. Ford Motor Executive Chair Bill Ford issued a fervent appeal on Monday, urging the United Auto Workers (UAW) to conclude their ongoing strike, emphasizing the potential repercussions not just for Ford but for the entire American automotive sector.