Jonathan Wong

Jonathan Wong

The Latest

  • Microsoft's Q1 Earnings Surpass Expectations with Azure's Robust Growth
    MICROSOFT CLOUD
    Microsoft Corp. delivered a robust performance in its fiscal first-quarter earnings, surpassing Wall Street's expectations, primarily driven by its Azure cloud growth and a strategic focus on artificial intelligence (AI). The results underscore the tech giant's continued dominance in the cloud sector and its ability to innovate and adapt to the rapidly changing technological landscape.
  • Alphabet's Q3 Earnings: YouTube's Ad Revenue Soars as Company Beats Expectations
    Google Alphabet
    Alphabet Inc., the parent company of Google, reported an 11% revenue growth, marking a return to double-digit expansion for the first time in over a year. The company's third-quarter results surpassed Wall Street's expectations, driven primarily by a resurgence in advertising and the impressive performance of its video platform, YouTube.
  • Meta Faces Multi-State Legal Challenges Over Alleged Addictive Features Targeting Youth
    Meta
    In a significant legal challenge, Meta, the parent company of Instagram, is facing lawsuits from dozens of states over allegations that its social media platforms employ features designed to be addictive, particularly targeting young users. The legal actions underscore the growing concerns and scrutiny over the impact of social media on the mental health of minors.
  • Coca-Cola Surpasses Expectations with Strong Q3 Earnings Amid Pricing Hikes
    Coca-Cola
    In a recent earnings report, Coca-Cola showcased its resilience in the face of rising commodity costs and pricing challenges. The beverage giant's third-quarter earnings and revenue surpassed analysts' expectations, demonstrating that consumers are willing to pay a premium for their favorite drinks, from the iconic soda to Simply juice.
  • UAW Strike Updates: 5,000 Members Walk Out, Targeting GM's Key Plants Amid Earnings Reports
    FILE PHOTO: The GM logo is seen in Warren, Michigan, U.S. on October 26, 2015
    The United Auto Workers (UAW) union has amplified its strike actions against General Motors (GM), with the latest focal point being GM's Arlington Assembly plant in Texas, where 5,000 members have walked off the job. This escalation comes just hours after GM's third-quarter earnings report, which showcased growth despite the ongoing labor disputes.
  • LVMH's Bernard Arnault Plans to Work Until 95; Succession Still Uncertain
    LVMH's Bernard Arnault Plans to Work Until 95; Succession Still Uncertain
    While the successor to Bernard Arnault remains undecided, the equity inheritance plan for the LVMH Group is already in motion.
  • Nvidia and AMD Target Intel's PC Dominance with Arm-Based Chips
    NVIDIA
    Nvidia and AMD are reportedly working on Arm-based central processing units (CPUs) that could challenge Intel's longstanding dominance in the personal computer market. These developments come amid the rising prominence of Arm-based chips, which are known for their energy efficiency and are commonly used in smartphones.
  • UAW Strike Update: 6,800 Workers Join Strike at Sterling Heights Assembly Plant Amid Contract Negotiations
    UAW workers
    United Auto Workers (UAW) union has expanded its strike to include Stellantis' Sterling Heights Assembly Plant (SHAP), sending 6,800 workers to the picket lines. This move underscores the union's determination to secure better terms for its members and highlights the challenges automakers face in navigating labor relations amid a rapidly changing industry landscape.
  • UAW Strike Update: Ford Faces Mounting Layoffs as Disruptions Continue, Over 3,000 Workers Now Sidelined
    Ford Plant
    Cumulatively, since the genesis of the strike, Ford's layoffs have surged to 3,100, a consequence Ford labels as the "knock-on effect."
  • Chevron Acquires Hess in a Strategic $53 Billion All-Stock Deal
    Chevron
    In a significant move that underscores the ongoing consolidation within the energy sector, Chevron Corporation has announced its acquisition of Hess Corporation in an all-stock transaction valued at $53 billion. This acquisition is set to diversify and upgrade Chevron's already robust portfolio, marking a pivotal moment in the energy industry's landscape.
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