Jonathan Wong
The Latest
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Samsung Forecasts 56% Profit Drop on AI Chip Curbs and U.S. Tariffs, Misses Market Estimates
Samsung Electronics said Tuesday it expects a 56% drop in second-quarter operating profit, signaling continued pressure on the South Korean tech giant's core semiconductor business due to U.S. export controls, weak AI chip sales in China, and delayed shipments to key customer Nvidia. 
Samsung Electronics said Tuesday it expects a 56% drop in second-quarter operating profit, signaling continued pressure on the South Korean tech giant's core semiconductor business due to U.S. export controls, weak AI chip sales in China, and delayed shipments to key customer Nvidia. -
Apple Appeals €500 Million EU Fine Over App Store, Slams Brussels for Overreach
Apple has formally appealed a €500 million ($587 million) fine imposed by the European Commission over alleged violations of the Digital Markets Act (DMA), arguing that the ruling unfairly targets its App Store practices and forces it to adopt business terms that confuse developers and harm consumers. The case was filed Monday with the EU General Court in Luxembourg, the bloc's second-highest judicial authority. 
Apple has formally appealed a €500 million ($587 million) fine imposed by the European Commission over alleged violations of the Digital Markets Act (DMA), arguing that the ruling unfairly targets its App Store practices and forces it to adopt business terms that confuse developers and harm consumers. The case was filed Monday with the EU General Court in Luxembourg, the bloc's second-highest judicial authority. -
Tesla Shares Drop 7% as Musk–Trump Rift Escalates, America Party Announcement Sparks Investor Jitters
Tesla shares tumbled as much as 7.6% in premarket trading Monday, following a weekend political clash between CEO Elon Musk and President Donald Trump. Musk's announcement of a new political entity - the "America Party" - and Trump's public rebuke triggered a sharp selloff, wiping billions from Tesla's market capitalization and intensifying investor anxiety over Musk's political distractions. 
Tesla shares tumbled as much as 7.6% in premarket trading Monday, following a weekend political clash between CEO Elon Musk and President Donald Trump. Musk's announcement of a new political entity - the "America Party" - and Trump's public rebuke triggered a sharp selloff, wiping billions from Tesla's market capitalization and intensifying investor anxiety over Musk's political distractions. -
Microsoft to Cut 9,000 Jobs, Trimming 4% of Workforce as Reorg Hits Gaming Division
Microsoft said Wednesday it will lay off approximately 9,000 employees, affecting less than 4% of its global workforce, in a sweeping reorganization aimed at streamlining operations across divisions including gaming and cloud services. The announcement comes at the start of the company's 2026 fiscal year. 
Microsoft said Wednesday it will lay off approximately 9,000 employees, affecting less than 4% of its global workforce, in a sweeping reorganization aimed at streamlining operations across divisions including gaming and cloud services. The announcement comes at the start of the company's 2026 fiscal year. -
Cyberattack Hits Qantas: Names, Birthdates, Frequent Flyer Data Stolen in Third-Party Breach
Qantas Airways said Wednesday that the personal records of up to 6 million customers were accessed in a cyberattack, marking one of Australia's most significant data breaches to date and heightening scrutiny over third-party cybersecurity risks in the aviation industry. 
Qantas Airways said Wednesday that the personal records of up to 6 million customers were accessed in a cyberattack, marking one of Australia's most significant data breaches to date and heightening scrutiny over third-party cybersecurity risks in the aviation industry. -
Tesla Deliveries Fall 14% in Q2 as BYD Widens Lead in Global EV Market
Tesla reported a 14% drop in second-quarter vehicle deliveries on Wednesday, marking its second consecutive year-over-year decline and adding pressure as Chinese rival BYD pulls further ahead in the global electric vehicle race. 
Tesla reported a 14% drop in second-quarter vehicle deliveries on Wednesday, marking its second consecutive year-over-year decline and adding pressure as Chinese rival BYD pulls further ahead in the global electric vehicle race. -
Paramount Pays Trump $16 Million to Settle CBS Lawsuit Without Apology
Paramount Global has agreed to pay $16 million to resolve a lawsuit brought by President Donald Trump over a CBS "60 Minutes" interview, ending a months-long legal and political dispute that has roiled the network amid its pending merger with Skydance Media. 
Paramount Global has agreed to pay $16 million to resolve a lawsuit brought by President Donald Trump over a CBS "60 Minutes" interview, ending a months-long legal and political dispute that has roiled the network amid its pending merger with Skydance Media. -
Tesla Shares Fall 5% After Trump Threatens Subsidy Review
Tesla shares tumbled more than 5% Tuesday after President Donald Trump threatened to investigate government subsidies received by Elon Musk's companies, reigniting a public feud between the two billionaires that has spilled into the legislative battle over Trump's multi-trillion-dollar domestic policy bill. 
Tesla shares tumbled more than 5% Tuesday after President Donald Trump threatened to investigate government subsidies received by Elon Musk's companies, reigniting a public feud between the two billionaires that has spilled into the legislative battle over Trump's multi-trillion-dollar domestic policy bill. -
Apple Revises EU App Store Rules to Avoid Daily Fines After $580 Million Antitrust Penalty
Apple has implemented sweeping changes to its App Store policies across the European Union to comply with the bloc's Digital Markets Act (DMA) and avert additional fines, after being hit with a €500 million ($580 million) penalty earlier this year for anticompetitive practices. The move comes on the heels of a 60-day deadline set by the European Commission, which expired Thursday, and threatens daily fines of up to 5% of Apple's global daily revenue-roughly €50 million. 
Apple has implemented sweeping changes to its App Store policies across the European Union to comply with the bloc's Digital Markets Act (DMA) and avert additional fines, after being hit with a €500 million ($580 million) penalty earlier this year for anticompetitive practices. The move comes on the heels of a 60-day deadline set by the European Commission, which expired Thursday, and threatens daily fines of up to 5% of Apple's global daily revenue-roughly €50 million. -
Nike Warns Trump Tariffs Will Add $1 Billion in Costs as Turnaround Struggles to Gain Traction
Nike Inc. expects to incur up to $1 billion in additional costs from new tariffs imposed under President Donald Trump's trade policy, the company's finance chief said Thursday, as the sportswear giant navigates a critical phase of its turnaround amid sharp declines in profit and sales. 
Nike Inc. expects to incur up to $1 billion in additional costs from new tariffs imposed under President Donald Trump's trade policy, the company's finance chief said Thursday, as the sportswear giant navigates a critical phase of its turnaround amid sharp declines in profit and sales.
