Jonathan Wong
The Latest
-
Goldman Sachs' No.2 Faces Loyalty Test Amid Rising Internal Dissent
As internal dissatisfaction intensifies, John Waldron, Goldman Sachs' President and COO and the right-hand man to CEO David Solomon, is now in a predicament of choosing sides. If Waldron breaks ranks, Solomon may find himself under siege from all fronts. 
As internal dissatisfaction intensifies, John Waldron, Goldman Sachs' President and COO and the right-hand man to CEO David Solomon, is now in a predicament of choosing sides. If Waldron breaks ranks, Solomon may find himself under siege from all fronts. -
U.S. Steel's Acquisition Bid Stirs Concerns Over Manufacturing's Future
While U.S. Steel, a symbol of the American Industrial Revolution, rejected a takeover bid from Cleveland-Cliffs last weekend, market experts are wary of the profound impact on the foundations of American manufacturing. There's a particular concern over increasing market concentration for steel used in cars, canned goods, and electric vehicle batteries. 
While U.S. Steel, a symbol of the American Industrial Revolution, rejected a takeover bid from Cleveland-Cliffs last weekend, market experts are wary of the profound impact on the foundations of American manufacturing. There's a particular concern over increasing market concentration for steel used in cars, canned goods, and electric vehicle batteries. -
Europe Faces Soaring Natural Gas Prices Amid Australian LNG Strike Fears
The global liquefied natural gas (LNG) supply could be disrupted if workers at Australia's Woodside Energy decide to strike due to unresolved labor disputes with the company. On Tuesday, European natural gas futures surged by as much as 18%, reaching a peak of 40.7 euros per megawatt-hour. 
The global liquefied natural gas (LNG) supply could be disrupted if workers at Australia's Woodside Energy decide to strike due to unresolved labor disputes with the company. On Tuesday, European natural gas futures surged by as much as 18%, reaching a peak of 40.7 euros per megawatt-hour. -
Offshore Yuan Drops Below 7.32 Against Dollar: Evaluating the Devaluation Pressures of Rate Cuts
After a morning adjustment in short- and medium-term policy interest rates, both the onshore and offshore yuan fell against the U.S. dollar, sparking discussions about the potential increase in devaluation pressures. 
After a morning adjustment in short- and medium-term policy interest rates, both the onshore and offshore yuan fell against the U.S. dollar, sparking discussions about the potential increase in devaluation pressures. -
COTY Inc. Sees Management Shakeup in China Amid Corporate Transition
U.S. cosmetics giant COTY, a leading name in makeup, skincare, and fragrances, is navigating ongoing structural changes. 
U.S. cosmetics giant COTY, a leading name in makeup, skincare, and fragrances, is navigating ongoing structural changes. -
Historic Surge: U.S. 30-Year Real Yield Exceeds 2%, Highest Since 2011
The 30-year U.S. Treasury Inflation-Protected Securities (TIPS) yield surpassed 2% on Tuesday, August 15, reaching its highest point since 2011. This follows a significant spike in the 10-year yield, which climbed over 6 basis points to 1.84% on Monday - a record not seen since 2009. 
The 30-year U.S. Treasury Inflation-Protected Securities (TIPS) yield surpassed 2% on Tuesday, August 15, reaching its highest point since 2011. This follows a significant spike in the 10-year yield, which climbed over 6 basis points to 1.84% on Monday - a record not seen since 2009. -
U.S. Steel Rejects $7.3 Billion Takeover Bid from Cleveland Cliffs; Stock Skyrockets by 40%
Proposal Denied On Sunday, August 13, U.S. Steel Corporation announced that it had rejected a $7.3 billion acquisition offer from its competitor, Cleveland Cliffs, citing the latter's push for acceptance without proper due diligence. 
Proposal Denied On Sunday, August 13, U.S. Steel Corporation announced that it had rejected a $7.3 billion acquisition offer from its competitor, Cleveland Cliffs, citing the latter's push for acceptance without proper due diligence. -
NVIDIA Skyrockets as Morgan Stanley Touts & Middle East Tycoons Battle Over GPUs
In the recent U.S. stock market session, NVIDIA shares enjoyed a significant surge, closing more than 7% higher and gaining an additional 1.8% after-hours, settling at $445.57 per share. 
In the recent U.S. stock market session, NVIDIA shares enjoyed a significant surge, closing more than 7% higher and gaining an additional 1.8% after-hours, settling at $445.57 per share. -
Foxconn's Financial Forecast Cools as Smartphone Slump Continues: Q2 Results Slide and Full-Year Revenue Outlook Reduced
On Monday, August 14, Taiwan's Foxconn, the primary assembler for iPhones, unveiled its financial results for the second quarter. 
On Monday, August 14, Taiwan's Foxconn, the primary assembler for iPhones, unveiled its financial results for the second quarter. -
Inflation Concerns Surge as US Treasury Yields Near Yearly High
Inflation worries persist, causing turbulence in the U.S. Treasury market. 
Inflation worries persist, causing turbulence in the U.S. Treasury market.
