Jonathan Wong
The Latest
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Overwhelming Majority Believe Tipping Culture Has Gotten Out of Control, Survey Reveals
A recent survey conducted by WalletHub has revealed that nearly three in four Americans believe tipping culture has gotten out of control, with more than half suspecting that businesses are using customer tips to replace employee salaries. 
A recent survey conducted by WalletHub has revealed that nearly three in four Americans believe tipping culture has gotten out of control, with more than half suspecting that businesses are using customer tips to replace employee salaries. -
Over 427,000 Kia Tellurides Recalled Over Risk of Unintended Movement
Kia has announced a significant recall affecting over 427,000 of its Telluride vehicles across the United States due to a risk that they could inadvertently move while set to park. 
Kia has announced a significant recall affecting over 427,000 of its Telluride vehicles across the United States due to a risk that they could inadvertently move while set to park. -
Ellison's Revelations Seal 25-Year Sentence for FTX Founder Sam Bankman-Fried
FTX founder Sam Bankman-Fried was sentenced to a quarter-century behind bars, concluding one of the most significant fraud cases in the digital asset space. 
FTX founder Sam Bankman-Fried was sentenced to a quarter-century behind bars, concluding one of the most significant fraud cases in the digital asset space. -
Walgreens Takes $5.8B Hit on VillageMD Investment Amid CEO's Focus on Profitability
Walgreens Boots Alliance reported a net loss of $5.9 billion for the quarter ended Feb. 29, primarily due to a $5.8 billion impairment charge on its investment in VillageMD, a cash-burning operator of doctors' clinics. The impairment comes at a time when the pharmacy operator is focusing on improving profitability under new CEO Timothy Wentworth, who announced a $1 billion cost-cutting plan in October. 
Walgreens Boots Alliance reported a net loss of $5.9 billion for the quarter ended Feb. 29, primarily due to a $5.8 billion impairment charge on its investment in VillageMD, a cash-burning operator of doctors' clinics. The impairment comes at a time when the pharmacy operator is focusing on improving profitability under new CEO Timothy Wentworth, who announced a $1 billion cost-cutting plan in October. -
Home Depot to Acquire SRS Distribution in Record $18.25B Deal, Boosting Pro Contractor Business
Home Depot announced on Thursday its plans to acquire SRS Distribution, a specialty materials provider for professional contractors, in a deal valued at approximately $18.25 billion. 
Home Depot announced on Thursday its plans to acquire SRS Distribution, a specialty materials provider for professional contractors, in a deal valued at approximately $18.25 billion. -
Sam Bankman-Fried Faces Sentencing for Multibillion-Dollar FTX Fraud, Prosecutors Seek Up to 50 Years
Sam Bankman-Fried, the disgraced founder of the now-defunct FTX cryptocurrency exchange, is set to face sentencing on Thursday, nearly five months after being found guilty of orchestrating one of the largest white-collar crimes in history. 
Sam Bankman-Fried, the disgraced founder of the now-defunct FTX cryptocurrency exchange, is set to face sentencing on Thursday, nearly five months after being found guilty of orchestrating one of the largest white-collar crimes in history. -
Disney Plus Integrates Hulu, Unveils Enhanced Bundle Offerings and Marketing Push
The Walt Disney Company has officially launched the integration of Hulu within the Disney Plus platform, a strategic move aimed at consolidating its streaming services and enhancing user experience. 
The Walt Disney Company has officially launched the integration of Hulu within the Disney Plus platform, a strategic move aimed at consolidating its streaming services and enhancing user experience. -
Canada Goose Trims Corporate Workforce by 17% Amid Retail Sector Adjustments
Canada Goose, the renowned luxury outerwear brand, has announced a significant reduction in its corporate workforce, cutting approximately 17% of its positions. 
Canada Goose, the renowned luxury outerwear brand, has announced a significant reduction in its corporate workforce, cutting approximately 17% of its positions. -
Trump’s Truth Social Debuts on Nasdaq, Shares Surge 50% Despite Financial Concerns
Former President Donald Trump's social media company, Trump Media & Technology Group (TMTG), made its long-awaited debut on the Nasdaq exchange Tuesday, with shares surging more than 50% in the first minutes of trading under the ticker symbol "DJT." 
Former President Donald Trump's social media company, Trump Media & Technology Group (TMTG), made its long-awaited debut on the Nasdaq exchange Tuesday, with shares surging more than 50% in the first minutes of trading under the ticker symbol "DJT." -
Visa and Mastercard Agree to $30 Billion Settlement, Lowering Credit Card Fees for Merchants
In a landmark antitrust settlement, credit card giants Visa and Mastercard have agreed to pay an estimated $30 billion to limit credit and debit card fees for merchants, potentially leading to lower prices for consumers. The settlement, one of the largest in U.S. history, would resolve claims in a litigation that began in 2005, pending court approval. 
In a landmark antitrust settlement, credit card giants Visa and Mastercard have agreed to pay an estimated $30 billion to limit credit and debit card fees for merchants, potentially leading to lower prices for consumers. The settlement, one of the largest in U.S. history, would resolve claims in a litigation that began in 2005, pending court approval.
