Jonathan Wong

Jonathan Wong

The Latest

  • Tyson Foods Recalls Dino Nuggets Over Metal Contamination Concerns
    Tyson Foods Recalls Dino Nuggets Over Metal Contamination Concerns
    In a move causing ripples through grocery aisles and family freezers, Tyson Foods has issued a recall for roughly 30,000 pounds of their dino-shaped chicken nuggets. The voluntary recall follows reports that the popular snack might contain fragments of metal, posing a potential hazard to consumers.
  • UAW Strike Update: GM to Pour $13 Billion into U.S. Electric Vehicle Future, UAW Scores Historic Wage Hike
    FILE PHOTO: The GM logo is seen at the General Motors plant in Sao Jose dos Campos, Brazil, January 22, 2019
    In an ambitious leap toward the future of electric vehicles (EVs), General Motors has unveiled plans to invest approximately $13 billion in U.S. facilities by April 2028, according to the United Auto Workers (UAW) union's recent tentative deal disclosure. This strategic move not only underscores GM's commitment to electric innovation but also exemplifies the union's leverage in securing unprecedented economic gains for auto workers.
  • Berkshire Hathaway's Earnings Surge Amid Record Cash Reserves
    Warren Buffett
    Warren Buffett's financial powerhouse, Berkshire Hathaway, has delivered a robust performance with a significant uptick in operating earnings, rising by 40% in the third quarter, despite facing an immense investment loss mainly due to a downturn in its substantial Apple holdings.
  • Maersk Faces Downturn in Shipping, Plans to Cut 10,000 Jobs Amid Losses
    JOB CUTS
    The container shipping market's prosperity continues to decline, with several shipping companies experiencing quarterly losses. By the third quarter, industry giant Maersk could no longer withstand the downturn.
  • U.S. Job Growth Stumbles as Economic Uncertainty Weighs on Employers
    JOBS
    As the chill of economic headwinds sweeps across the United States, the labor market has shown signs of entering a winter season. In October, U.S. employers expanded their payrolls by a modest 150,000 jobs, falling short of economists' forecasts and hinting at a potential cooling period after a year of robust post-pandemic recovery.
  • Biden Seeks Obama’s Insight on AI Oversight
    U.S. President Joe Biden
    In an unprecedented collaboration, President Joe Biden has sought the counsel of his predecessor, Barack Obama, in forging a comprehensive strategy to navigate the intricacies of artificial intelligence (AI). This consultation has unfolded discreetly over five months, culminating in Biden signing an executive order to establish government oversight of AI.
  • Crypto Mogul Sam Bankman-Fried Faces Up to 110 Years After Fraud Conviction
    FTX Founder Sam Bankman-Fried to Testify in Federal Fraud Trial: Inside the Federal Fraud Allegations and Defense
    Sam Bankman-Fried, the once-lauded genius of the cryptocurrency domain, was convicted on multiple counts of fraud connected to the downfall of his cryptocurrency exchange, FTX. The outcome offers a poignant lesson on the risks and ethical challenges in the burgeoning digital currency landscape.
  • FTC Lays Bare Amazon's Controversial Ad and Pricing Tactics
    FEE DEAL
    In a series of revelations, Amazon finds itself embroiled in a series of allegations brought forward by the Federal Trade Commission (FTC). From flooding its platform with irrelevant ads to potentially manipulating the online pricing landscape, the tech behemoth's tactics are under scrutiny.
  • Six Flags and Cedar Fair Unite to Form $8 Billion Theme Park Behemoth
    Six Flags and Cedar Fair Unite to Form $8 Billion Theme Park Behemoth
    In an ambitious bid to reshape the American theme park landscape, major players Six Flags and Cedar Fair have joined forces. The announcement comes at a time when the leisure industry grapples with a broader economic downturn, which has inevitably made a dent in entertainment spending.
  • IRS Amplifies Retirement Contribution Ceilings for 2024 Amid Rising Costs
    Tax Rebates 2022: IRS To Send Up To $750 In Coming Days, What To Know?
    In a nod to the escalating cost of living, the Internal Revenue Service (IRS) heralded an augmentation in the contribution limits to popular retirement accounts for the upcoming year. Retirement savers now have a brighter outlook as they navigate the path to their golden years.
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