Jonathan Wong
The Latest
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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. 
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
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. 
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. -
Estée Lauder Shares Plummet to Historic Lows Amid Travel Retail Woes
On Wednesday, Estée Lauder's stock closed down 18.9%, with intraday losses exceeding 20%, hitting a six-year low. This marked the company's most significant single-day decline since its IPO in 1995. 
On Wednesday, Estée Lauder's stock closed down 18.9%, with intraday losses exceeding 20%, hitting a six-year low. This marked the company's most significant single-day decline since its IPO in 1995. -
Orsted Abandons Key US Wind Projects, Shares Plunge to Six-Year Low
The offshore wind industry received another blow as Orsted, the world's leading offshore wind developer, announced it would abandon two crucial projects in the U.S., leading to a significant asset write-down and a subsequent drop in its share price. 
The offshore wind industry received another blow as Orsted, the world's leading offshore wind developer, announced it would abandon two crucial projects in the U.S., leading to a significant asset write-down and a subsequent drop in its share price. -
EV Transition Faces Challenge as UAW Strikes Historic Labor Deal
In a significant turnaround after four decades of diminishing influence, the United Auto Workers (UAW) union recently struck groundbreaking labor deals with Detroit's Big Three automakers: Ford, General Motors (GM), and Stellantis. While this momentous agreement marks a win for workers, it also intensifies the pressures on traditional automakers as they navigate the transition from gasoline to electric vehicles. 
In a significant turnaround after four decades of diminishing influence, the United Auto Workers (UAW) union recently struck groundbreaking labor deals with Detroit's Big Three automakers: Ford, General Motors (GM), and Stellantis. While this momentous agreement marks a win for workers, it also intensifies the pressures on traditional automakers as they navigate the transition from gasoline to electric vehicles. -
FTX's Sam Bankman-Fried Awaits Verdict After Tense Trial
The fate of Sam Bankman-Fried, founder of cryptocurrency exchange FTX, now rests with 12 jurors following a grueling four-week trial in a lower Manhattan courtroom. As the defense wrapped up its arguments, both sides prepare for closing statements this Wednesday, marking the culmination of a legal drama that has riveted the financial world. 
The fate of Sam Bankman-Fried, founder of cryptocurrency exchange FTX, now rests with 12 jurors following a grueling four-week trial in a lower Manhattan courtroom. As the defense wrapped up its arguments, both sides prepare for closing statements this Wednesday, marking the culmination of a legal drama that has riveted the financial world. -
Sam Bankman-Fried Points to Former Colleagues in FTX's Collapse
Sam Bankman-Fried, the founder of FTX, continued his defense in the ongoing criminal fraud trial, laying the blame on several of his former colleagues for the cryptocurrency exchange's fall. As the trial edges towards its conclusion, the testimony offers a revealing look at internal strife and the immense pressures on high-profile crypto entities. Sam Bankman-Fried, the founder of FTX, continued his defense in the ongoing criminal fraud trial, laying the blame on several of his former colleagues for the cryptocurrency exchange's fall. As the trial edges towards its conclusion, the testimony offers a revealing look at internal strife and the immense pressures on high-profile crypto entities. -
UAW Strike Update: Detroit Auto Strikes End with GM's Tentative Agreement, What's Next for UAW?
General Motors (GM) has reached a tentative agreement with the United Auto Workers (UAW) union. This move effectively ends the coordinated strikes that had stalled production for Detroit's three primary automakers, a dramatic display that reminded many of the labor disputes from decades past. 
General Motors (GM) has reached a tentative agreement with the United Auto Workers (UAW) union. This move effectively ends the coordinated strikes that had stalled production for Detroit's three primary automakers, a dramatic display that reminded many of the labor disputes from decades past. -
UAW Strike Update: Ford Commits $8.1B as UAW Eyes Broader Labor Horizon
In an unparalleled move that may redefine labor movements across the auto industry, the United Auto Workers (UAW) union on Sunday greenlit a 4½-year provisional contract with Ford Motor. This groundbreaking deal commits Ford to $8.1 billion in new plant investments and entitles UAW members to $5,000 ratification bonuses. Furthermore, the contract promises significant economic advancements, such as a compounded 25% wage increment and augmented profit-sharing packages. In an unparalleled move that may redefine labor movements across the auto industry, the United Auto Workers (UAW) union on Sunday greenlit a 4½-year provisional contract with Ford Motor. This groundbreaking deal commits Ford to $8.1 billion in new plant investments and entitles UAW members to $5,000 ratification bonuses. Furthermore, the contract promises significant economic advancements, such as a compounded 25% wage increment and augmented profit-sharing packages. -
UAW Strike Update: UAW and Stellantis Reach Tentative Agreement, GM Strike Expands
The United Auto Workers (UAW) union has reached a significant milestone in its ongoing labor negotiations. On Saturday, the union announced a tentative agreement with Stellantis, the automaker behind brands such as Dodge, Ram, Chrysler, and Jeep. This development comes after approximately six weeks of targeted labor strikes across the U.S. The United Auto Workers (UAW) union has reached a significant milestone in its ongoing labor negotiations. On Saturday, the union announced a tentative agreement with Stellantis, the automaker behind brands such as Dodge, Ram, Chrysler, and Jeep. This development comes after approximately six weeks of targeted labor strikes across the U.S.
