Jonathan Wong
The Latest
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Occidental Petroleum to Buy CrownRock in $12 Billion Deal to Boost Permian Operations
Occidental Petroleum, a major player in the U.S. energy sector, has made a significant move by agreeing to acquire CrownRock, a leading energy producer in the Permian Basin, for a staggering $12 billion. 
Occidental Petroleum, a major player in the U.S. energy sector, has made a significant move by agreeing to acquire CrownRock, a leading energy producer in the Permian Basin, for a staggering $12 billion. -
CZ of Binance Confined in the U.S. Pending Sentencing
Changpeng Zhao (CZ), the illustrious founder and former CEO of the international cryptocurrency exchange Binance, has been mandated to remain in the United States until his sentencing in February 2024. This decision follows CZ's guilty plea to a charge of violating the Bank Secrecy Act. 
Changpeng Zhao (CZ), the illustrious founder and former CEO of the international cryptocurrency exchange Binance, has been mandated to remain in the United States until his sentencing in February 2024. This decision follows CZ's guilty plea to a charge of violating the Bank Secrecy Act. -
Alphabet's Stock Soars 6.5% Amid Positive Reception of New AI Model Gemini
On Thursday, Alphabet, the parent company of Google, saw its stock surge by 6.5% during trading hours, marking its largest intraday percentage gain since July and adding over $80 billion to its market value. 
On Thursday, Alphabet, the parent company of Google, saw its stock surge by 6.5% during trading hours, marking its largest intraday percentage gain since July and adding over $80 billion to its market value. -
US Congress Delays TikTok Legislation Amid Security Concerns
The United States Congress has decided not to pursue legislation this year that could potentially address concerns around foreign-owned applications like TikTok, which have been under scrutiny for national security reasons. 
The United States Congress has decided not to pursue legislation this year that could potentially address concerns around foreign-owned applications like TikTok, which have been under scrutiny for national security reasons. -
Wells Fargo CEO Announces Upcoming Job Cuts and Hefty Severance Expenses
Wells Fargo, the fourth-largest bank in the U.S. by assets, is bracing for substantial layoffs, with CEO Charlie Scharf revealing plans for significant severance expenses in the fourth quarter. 
Wells Fargo, the fourth-largest bank in the U.S. by assets, is bracing for substantial layoffs, with CEO Charlie Scharf revealing plans for significant severance expenses in the fourth quarter. -
NVIDIA to Establish AI Factory Network in Japan, Prioritizing GPU Demand
NVIDIA CEO Jensen Huang announced plans to collaborate with Japanese research institutions and companies to establish an ecosystem for artificial intelligence technology in Japan. This initiative aims to meet the country's demand for AI powered by GPUs (Graphics Processing Units). 
NVIDIA CEO Jensen Huang announced plans to collaborate with Japanese research institutions and companies to establish an ecosystem for artificial intelligence technology in Japan. This initiative aims to meet the country's demand for AI powered by GPUs (Graphics Processing Units). -
Spotify Trims Workforce by 17%, CEO Ek Cites Need for Efficiency Amid Economic Shifts
Spotify, the renowned music streaming service, announced a significant reduction of its workforce. CEO Daniel Ek informed staff that approximately 17% of the company's employees, equating to roughly 1,500 jobs, will be let go. 
Spotify, the renowned music streaming service, announced a significant reduction of its workforce. CEO Daniel Ek informed staff that approximately 17% of the company's employees, equating to roughly 1,500 jobs, will be let go. -
Pfizer Halts Development of Promising Obesity Pill Amid Disappointing Trial Results
This development marks a major blow to Pfizer's aspirations of entering the rapidly growing obesity treatment market, which analysts project could reach $100 billion by the end of this decade. 
This development marks a major blow to Pfizer's aspirations of entering the rapidly growing obesity treatment market, which analysts project could reach $100 billion by the end of this decade. -
Luxury Brands Struggle Amid Economic Slowdown: Morgan Stanley Downgrades LVMH, Ending Six-Year Bullish Stance
On December 1, Morgan Stanley downgraded LVMH Group's rating from "Overweight" to "Equal-weight," setting a target price of 790 euros. This marks the first time in six years that Morgan Stanley has downgraded LVMH's rating. 
On December 1, Morgan Stanley downgraded LVMH Group's rating from "Overweight" to "Equal-weight," setting a target price of 790 euros. This marks the first time in six years that Morgan Stanley has downgraded LVMH's rating. -
Binance to End Support for BUSD Stablecoin Amid Major Ecosystem Changes
Binance, the world's leading cryptocurrency exchange by trading volume, has announced a significant shift in its ecosystem. The company is set to discontinue support for its BUSD stablecoin, starting from December 15, 2023. Binance, the world's leading cryptocurrency exchange by trading volume, has announced a significant shift in its ecosystem. The company is set to discontinue support for its BUSD stablecoin, starting from December 15, 2023.
