Jonathan Wong
The Latest
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UAW Strike Update: Detroit's Big Three Face Pressure to Boost Offers as UAW Threatens Extended Strikes
Amid a backdrop of rising tensions, United Auto Workers (UAW) President Shawn Fain bolstered his call for enhanced terms from Detroit's automotive triumvirate, hinting at extended strike actions if their terms weren't met. The "Big Three" automakers, despite tabling record contract proposals, are under pressure to offer more, particularly as they navigate impressive profitability margins. 
Amid a backdrop of rising tensions, United Auto Workers (UAW) President Shawn Fain bolstered his call for enhanced terms from Detroit's automotive triumvirate, hinting at extended strike actions if their terms weren't met. The "Big Three" automakers, despite tabling record contract proposals, are under pressure to offer more, particularly as they navigate impressive profitability margins. -
Musk's Fortune Shrinks by $16 Billion as Tesla Shares Plunge 9%
Despite Elon Musk retaining his title as the world's richest individual, Tesla's stock took a significant hit, dropping over 9% on Thursday, October 19. This decline, speculated to be a result of Tesla's Q3 revenue and profits falling short of expectations for the first time since Q2 2019, wiped out at least $16 billion from Musk's net worth. 
Despite Elon Musk retaining his title as the world's richest individual, Tesla's stock took a significant hit, dropping over 9% on Thursday, October 19. This decline, speculated to be a result of Tesla's Q3 revenue and profits falling short of expectations for the first time since Q2 2019, wiped out at least $16 billion from Musk's net worth. -
U.S. Home Sales Plunge to a 13-Year Nadir Amid Mounting Rates and Prices
September saw a sharp decline in the U.S. housing market, with sales of existing homes plummeting to their lowest levels since 2010, according to data released by the National Association of Realtors (NAR). The decline underscores the headwinds faced by potential homeowners, as a combination of rising mortgage rates and surging home prices diminished affordability. 
September saw a sharp decline in the U.S. housing market, with sales of existing homes plummeting to their lowest levels since 2010, according to data released by the National Association of Realtors (NAR). The decline underscores the headwinds faced by potential homeowners, as a combination of rising mortgage rates and surging home prices diminished affordability. -
OpenAI Aims High with a Potential $86 Billion Valuation for Share Sales - Report
OpenAI, the innovative firm behind the groundbreaking chatbot ChatGPT, is reportedly in negotiations to sell shares reflecting an impressive valuation of $86 billion. This information has emerged from sources who are familiar with these ongoing discussions. 
OpenAI, the innovative firm behind the groundbreaking chatbot ChatGPT, is reportedly in negotiations to sell shares reflecting an impressive valuation of $86 billion. This information has emerged from sources who are familiar with these ongoing discussions. -
United Airlines Introduces WILMA: Window Seats to Board First in New Strategy
United Airlines, a major player in the aviation industry, is set to introduce a significant change in its boarding process. Starting October 26, the airline will prioritize economy passengers with window seats, allowing them to board before those with middle and aisle seats. This strategic move, termed the WILMA system (Window, Middle, Aisle), aims to enhance the boarding experience and reduce time spent in the process. 
United Airlines, a major player in the aviation industry, is set to introduce a significant change in its boarding process. Starting October 26, the airline will prioritize economy passengers with window seats, allowing them to board before those with middle and aisle seats. This strategic move, termed the WILMA system (Window, Middle, Aisle), aims to enhance the boarding experience and reduce time spent in the process. -
Costco Announces CEO Transition: Jelinek Out, Vachris In
Costco Wholesale Corp., one of the world's leading membership-only warehouse clubs, announced that its long-serving CEO, Craig Jelinek, will be stepping down from his position effective January 1, 2024. Taking the helm will be the company's current Chief Operating Officer, Ron Vachris. 
Costco Wholesale Corp., one of the world's leading membership-only warehouse clubs, announced that its long-serving CEO, Craig Jelinek, will be stepping down from his position effective January 1, 2024. Taking the helm will be the company's current Chief Operating Officer, Ron Vachris. -
Tesla's Q3 Earnings Fall Short of Expectations Amid Cybertruck Delays
Tesla remains a dominant force. However, its recent third-quarter earnings report has painted a nuanced picture of the company's current trajectory. While Tesla continues to push the boundaries of innovation, its financial figures have raised eyebrows among analysts and investors. 
Tesla remains a dominant force. However, its recent third-quarter earnings report has painted a nuanced picture of the company's current trajectory. While Tesla continues to push the boundaries of innovation, its financial figures have raised eyebrows among analysts and investors. -
Netflix Announces Price Hikes Following a 9 Million Subscriber Surge in Q3
Netflix has announced price hikes for its streaming services in the US, UK, and France. This decision comes on the heels of a stellar third-quarter performance, where the streaming behemoth added nearly 9 million subscribers, surpassing its previous year's addition of 2.41 million during the same period. 
Netflix has announced price hikes for its streaming services in the US, UK, and France. This decision comes on the heels of a stellar third-quarter performance, where the streaming behemoth added nearly 9 million subscribers, surpassing its previous year's addition of 2.41 million during the same period. -
U.S. Household Wealth Skyrockets Amid Pandemic, But Income Disparities Deepen
The U.S. economy has witnessed a paradoxical trend during the pandemic years. While household wealth has seen a record surge, income inequality has simultaneously deepened, painting a complex picture of the nation's financial health. 
The U.S. economy has witnessed a paradoxical trend during the pandemic years. While household wealth has seen a record surge, income inequality has simultaneously deepened, painting a complex picture of the nation's financial health. -
Morgan Stanley's Q3 Earnings Highlight Wall Street's Volatile Landscape
Morgan Stanley, one of Wall Street's leading financial institutions, unveiled its third-quarter earnings, shedding light on the challenges faced by the banking sector. While the bank managed to surpass profit estimates, the results highlighted a slowdown in some of its core operations, leading to a significant drop in its stock value. 
Morgan Stanley, one of Wall Street's leading financial institutions, unveiled its third-quarter earnings, shedding light on the challenges faced by the banking sector. While the bank managed to surpass profit estimates, the results highlighted a slowdown in some of its core operations, leading to a significant drop in its stock value.
