Jonathan Wong
The Latest
-
Boeing Strike Ends as Workers Accept New Contract with 43% Wage Increase but No Pension Restoration
In a significant development for Boeing and its workforce, members of the International Association of Machinists (IAM) voted on Monday to accept the company's latest contract offer, concluding a nearly two-month-long strike. This prolonged labor action, the most extensive in over 25 years, cost Boeing billions in delayed production and placed additional strain on the aerospace giant already grappling with financial and operational challenges. 
In a significant development for Boeing and its workforce, members of the International Association of Machinists (IAM) voted on Monday to accept the company's latest contract offer, concluding a nearly two-month-long strike. This prolonged labor action, the most extensive in over 25 years, cost Boeing billions in delayed production and placed additional strain on the aerospace giant already grappling with financial and operational challenges. -
Trump Media Stock Volatile Ahead of Election Day, Investors Bet on Outcome as Polls Shift
Shares of Trump Media & Technology Group (DJT), a stock heavily influenced by the former president's political fortunes, rose by approximately 2% on Monday, signaling market anticipation of a tight presidential election race. With less than 24 hours until the polls close, DJT stock has emerged as a financial barometer for the election outcome, fluctuating with each shift in polling and prediction markets. 
Shares of Trump Media & Technology Group (DJT), a stock heavily influenced by the former president's political fortunes, rose by approximately 2% on Monday, signaling market anticipation of a tight presidential election race. With less than 24 hours until the polls close, DJT stock has emerged as a financial barometer for the election outcome, fluctuating with each shift in polling and prediction markets. -
Amazon’s Nuclear-Powered Data Center Stalled by Regulatory Setback, Triggering Fallout for Energy Stocks
A bold partnership to power Amazon's AI operations with nuclear energy hit a regulatory barrier on Friday, causing a ripple effect in both the tech and energy sectors. The Federal Energy Regulatory Commission (FERC) denied a request to increase the power supply from Talen Energy's Susquehanna nuclear plant to Amazon's data center in Pennsylvania, raising concerns about grid stability and costs for consumers. 
A bold partnership to power Amazon's AI operations with nuclear energy hit a regulatory barrier on Friday, causing a ripple effect in both the tech and energy sectors. The Federal Energy Regulatory Commission (FERC) denied a request to increase the power supply from Talen Energy's Susquehanna nuclear plant to Amazon's data center in Pennsylvania, raising concerns about grid stability and costs for consumers. -
Singapore Airlines to Debut First-Class Cabins in Major $835 Million Upgrade for Ultra-Long-Haul Flights
In a bid to elevate its premium offerings on the world's longest flights, Singapore Airlines announced it will add new first-class cabins to its Airbus A350-900ULR aircraft. This $835 million retrofit will equip seven ultra-long-range A350s with four first-class suites each, marking the airline's strategic commitment to high-end luxury travel for ultra-long-haul routes, including its record-breaking 19-hour nonstop service between New York and Singapore. 
In a bid to elevate its premium offerings on the world's longest flights, Singapore Airlines announced it will add new first-class cabins to its Airbus A350-900ULR aircraft. This $835 million retrofit will equip seven ultra-long-range A350s with four first-class suites each, marking the airline's strategic commitment to high-end luxury travel for ultra-long-haul routes, including its record-breaking 19-hour nonstop service between New York and Singapore. -
Nvidia Joins Dow Jones, Marking New Era in AI as Intel Exits After 25 Years
Nvidia, a leading semiconductor company in the artificial intelligence sector, will replace Intel on the Dow Jones Industrial Average, according to an announcement from S&P Dow Jones Indices on Friday. This change, effective November 7, ends Intel's 25-year presence on the blue-chip index, highlighting a major shift in the semiconductor industry as AI reshapes priorities in the market. 
Nvidia, a leading semiconductor company in the artificial intelligence sector, will replace Intel on the Dow Jones Industrial Average, according to an announcement from S&P Dow Jones Indices on Friday. This change, effective November 7, ends Intel's 25-year presence on the blue-chip index, highlighting a major shift in the semiconductor industry as AI reshapes priorities in the market. -
Exxon Mobil’s Earnings Surpass Expectations with Third-Quarter Gains
Exxon Mobil reported stronger-than-expected third-quarter earnings Friday, surpassing Wall Street projections and raising its quarterly dividend as the oil giant capitalized on robust production gains, strategic acquisitions, and steady demand. Exxon recorded $8.6 billion in net income, or $1.92 per share, beating the $1.88 per share forecast by analysts surveyed by LSEG. This performance, however, represented a slight decline from last year's $9.07 billion in net income, or $2.25 per share, as falling refining margins and lower natural gas prices softened profits. 
Exxon Mobil reported stronger-than-expected third-quarter earnings Friday, surpassing Wall Street projections and raising its quarterly dividend as the oil giant capitalized on robust production gains, strategic acquisitions, and steady demand. Exxon recorded $8.6 billion in net income, or $1.92 per share, beating the $1.88 per share forecast by analysts surveyed by LSEG. This performance, however, represented a slight decline from last year's $9.07 billion in net income, or $2.25 per share, as falling refining margins and lower natural gas prices softened profits. -
Boeing Union Strike Nears End with Sweetened Contract Offering 38% Pay Hike and Bonuses, Vote Scheduled for Monday
In a bid to end a nearly seven-week strike that has halted most of its aircraft production, Boeing has presented an enhanced contract proposal to its more than 32,000 striking machinists. This proposal, which includes a 38% wage increase over four years and an option for a $12,000 signing bonus, will go to a vote on Monday, potentially marking the end of the standoff between Boeing and its workforce. In a bid to end a nearly seven-week strike that has halted most of its aircraft production, Boeing has presented an enhanced contract proposal to its more than 32,000 striking machinists. This proposal, which includes a 38% wage increase over four years and an option for a $12,000 signing bonus, will go to a vote on Monday, potentially marking the end of the standoff between Boeing and its workforce. -
Comcast Considers Spinning Off Cable Networks as Streaming Takes Priority
Comcast Corporation announced on Thursday that it is considering a strategic move to separate its cable networks into a standalone entity, potentially creating a publicly traded company dedicated to its portfolio of cable channels. The decision, which would not include its NBC broadcast network or Peacock streaming service, underscores Comcast's focus on bolstering its streaming and digital assets as traditional cable television faces a steady decline. 
Comcast Corporation announced on Thursday that it is considering a strategic move to separate its cable networks into a standalone entity, potentially creating a publicly traded company dedicated to its portfolio of cable channels. The decision, which would not include its NBC broadcast network or Peacock streaming service, underscores Comcast's focus on bolstering its streaming and digital assets as traditional cable television faces a steady decline. -
Microsoft Shares Dip as Cloud Growth Slows Amid AI-Driven Data Center Constraints
Microsoft Corp. saw its shares decline following a forecast of slower growth in its cloud-computing division, reflecting the strain on the company's data center capacity as it ramps up AI infrastructure. Despite an otherwise strong quarterly earnings report, Microsoft's projections for Azure cloud revenue spooked investors, highlighting the challenge of meeting skyrocketing demand for AI-powered services while managing costly expansion efforts. 
Microsoft Corp. saw its shares decline following a forecast of slower growth in its cloud-computing division, reflecting the strain on the company's data center capacity as it ramps up AI infrastructure. Despite an otherwise strong quarterly earnings report, Microsoft's projections for Azure cloud revenue spooked investors, highlighting the challenge of meeting skyrocketing demand for AI-powered services while managing costly expansion efforts. -
Reddit Stock Soars as Social Media Giant Posts First-Ever Profit, Beats Revenue Expectations
Reddit has made a remarkable turnaround, reporting its first-ever profit in its nearly 20-year history, a significant milestone for the social media giant that went public earlier this year. Reddit's shares surged by 24% in premarket trading on Wednesday after the company announced its third-quarter earnings, which far exceeded Wall Street's expectations. 
Reddit has made a remarkable turnaround, reporting its first-ever profit in its nearly 20-year history, a significant milestone for the social media giant that went public earlier this year. Reddit's shares surged by 24% in premarket trading on Wednesday after the company announced its third-quarter earnings, which far exceeded Wall Street's expectations.
