Jonathan Wong

Jonathan Wong

The Latest

  • Delta Air Lines Soars with Strong Q3 Earnings Amid Robust Travel Demand
    REDUCED FLIGHTS
    Delta Air Lines, a major player in the aviation industry, has reported a significant surge in its third-quarter profits, reflecting the robust travel demand, especially during the summer months. The airline's profit rose by nearly 60%, driven by a combination of increased ticket sales, particularly for premium seats and international flights, and efficient operational strategies.
  • Inflation's Grip Tightens: U.S. Consumer Prices Surge Amid Market Reactions
    U.S. ECONOMY NUMBERS
    In a climate of economic uncertainty, recent data has unveiled a persistent rise in U.S. inflation, echoing concerns of economists and policymakers alike. The Consumer Price Index (CPI), a widely recognized barometer of inflation, has been at the center of these discussions.
  • Social Security Announces 3.2% COLA for 2024 Amid Moderating Inflation: What Beneficiaries Need to Know
    Dollars
    In a move that reflects the moderating inflation rates, the Social Security Administration (SSA) has announced a 3.2% cost-of-living adjustment (COLA) for 2024. This adjustment, while significant, is notably smaller than the inflation-driven boosts observed in the past two years.
  • Fashion Brands Pause Operations in Israel Amid Rising Tensions
    Inditex, Zara's Parent Company, Sees 40% Profit Surge Amid Store Closures and Price Hikes
    As tensions escalate between Israel and Palestine, several fashion brands with operations in Israel are reacting.
  • House GOP in Disarray: McCarthy's Potential Return and the Race for Speakership
    House Speaker McCarthy Ousted: What's Next for the Divided GOP?
    In a political landscape rife with uncertainty, the House Republicans find themselves at a crossroads. The recent ousting of Kevin McCarthy as the Speaker of the House has left a vacuum, with various factions within the party vying for influence and control. As the GOP grapples with its identity and direction, the question on everyone's mind is: Who will take the helm?
  • U.S. Stocks' Rollercoaster Ride: A Post-Jobs Report Rebound
    U.S. Job
    Following the release of the U.S. September non-farm employment report this Friday, both the stock and bond markets experienced a dramatic turnaround, initially dropping and then rallying.
  • Breakthrough in UAW Strikes: A Turning Point in Negotiations and the Future of Auto Jobs
    UAW workers
    In a significant development, the United Auto Workers (UAW) union has made headway in its negotiations with major automakers, signaling a potential end to the unprecedented strikes against Ford, General Motors, and Stellantis. The union's President, Shawn Fain, announced that all three companies would avert an expansion of the UAW's work stoppages for the time being.
  • Crypto Tycoon SBF Faces 'Trial of the Century' in the Cryptocurrency World: Prosecutors Allege Global Deception
    Sam Bankman-Fried
    The so-called "trial of the century" in the cryptocurrency world has commenced, with former crypto magnate Sam Bankman-Fried (SBF) facing a decisive legal battle over multiple criminal charges.
  • The GOP's Leadership Void: Who Will Take the Gavel Post-McCarthy?
    Gaetz- Kevin McCarthy Clash Reveals Deep Divisions Within House Republicans
    In an unprecedented turn of events, Rep. Kevin McCarthy's removal from the position of House Speaker has left a vacuum in the GOP-controlled lower chamber. As the GOP grapples with the sudden leadership void, several names have emerged as potential successors, each bringing their own strengths, challenges, and political baggage to the table.
  • Global Markets Navigate Uncertainty Amid US Bonds Rout and Economic Indicators
    CHEAT
    In a week marked by heightened market volatility, global bonds experienced a brief respite on Wednesday. This came after a weaker-than-expected reading of private payrolls, leading to speculation that the US central bank might hold off on tightening its monetary policy.
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