Jonathan Wong
The Latest
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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. -
General Motors Faces $9.3 Billion Surge in Costs Due to New Union Agreements
General Motors (GM) has projected that its new labor agreements with the United Auto Workers (UAW) and Canadian union Unifor will escalate its operational costs by $9.3 billion. 
General Motors (GM) has projected that its new labor agreements with the United Auto Workers (UAW) and Canadian union Unifor will escalate its operational costs by $9.3 billion. -
Justin Sun Defends Tron Amidst Allegations of Terrorist Financing
Justin Sun, the founder of the Tron blockchain, has swiftly responded to allegations that the network is being used to finance terrorist activities. These claims have adversely impacted the value of TRON, the network's native cryptocurrency, and TrueUSD (TUSD), its associated stablecoin. 
Justin Sun, the founder of the Tron blockchain, has swiftly responded to allegations that the network is being used to finance terrorist activities. These claims have adversely impacted the value of TRON, the network's native cryptocurrency, and TrueUSD (TUSD), its associated stablecoin. -
Binance Founder CZ Refutes U.S. Travel Ban Reports with Cryptic Response
Changpeng Zhao (CZ), the founder of cryptocurrency exchange Binance, has offered a cryptic response to reports claiming he is barred from leaving the United States. 
Changpeng Zhao (CZ), the founder of cryptocurrency exchange Binance, has offered a cryptic response to reports claiming he is barred from leaving the United States.
