Jonathan Wong
The Latest
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Intel Surpasses Q2 Earnings Expectations and Forecasts Robust Q3; Stock Soars Over 7% After Hours
The report revealed a 15% year-over-year drop in Intel's Q2 revenue to $12.9 billion, exceeding market expectations of $12.02 billion. The gross margin for the second quarter slipped 0.7 percentage points from the previous year to 35.8%. Earnings per share for the quarter were 35 cents, with a 54% decrease to 13 cents per share on a non-GAAP basis. 
The report revealed a 15% year-over-year drop in Intel's Q2 revenue to $12.9 billion, exceeding market expectations of $12.02 billion. The gross margin for the second quarter slipped 0.7 percentage points from the previous year to 35.8%. Earnings per share for the quarter were 35 cents, with a 54% decrease to 13 cents per share on a non-GAAP basis. -
US GDP Surges Beyond Expectations, Driven by Robust Consumer Spending
The US Department of Commerce disclosed on Thursday that the actual GDP growth rate for the second quarter was 2.4% on an annual basis, outpacing the first quarter's 2% and greatly exceeding the market forecast of 1.8%. 
The US Department of Commerce disclosed on Thursday that the actual GDP growth rate for the second quarter was 2.4% on an annual basis, outpacing the first quarter's 2% and greatly exceeding the market forecast of 1.8%. -
Energy Titans Shell and TotalEnergies Feel the Crunch: Q2 Net Profits Halved Amid Economic Uncertainties
The increasing number of central banks worldwide aggressively hiking interest rates has cast a shadow of uncertainty over the global economic growth outlook. Concerns about the global economy have taken a toll on oil prices, significantly reducing the profits of energy giants compared to the same period last year. 
The increasing number of central banks worldwide aggressively hiking interest rates has cast a shadow of uncertainty over the global economic growth outlook. Concerns about the global economy have taken a toll on oil prices, significantly reducing the profits of energy giants compared to the same period last year. -
Auto Giants Unite to Build Massive EV Charging Network in North America
The automotive giants hailing from Japan, South Korea, Europe, and North America announced the formation of a new venture in a joint statement On July 26. The company aims to establish a robust electric vehicle (EV) charging network across North America, installing at least 30,000 fast-charging stations, and looking to leverage U.S. government subsidies. If achieved as planned, this venture will create a major EV charging network, rivaling Tesla's dominant North American Charging Standard (NACS). 
The automotive giants hailing from Japan, South Korea, Europe, and North America announced the formation of a new venture in a joint statement On July 26. The company aims to establish a robust electric vehicle (EV) charging network across North America, installing at least 30,000 fast-charging stations, and looking to leverage U.S. government subsidies. If achieved as planned, this venture will create a major EV charging network, rivaling Tesla's dominant North American Charging Standard (NACS). -
Fed Hikes Interest Rates by 25 Basis Points, Leaves Door Open for Future Action
The Federal Reserve, in line with market expectations, reinstated its slow interest rate hikes in July after skipping June, creating suspense about the future trajectory of interest rate adjustments. 
The Federal Reserve, in line with market expectations, reinstated its slow interest rate hikes in July after skipping June, creating suspense about the future trajectory of interest rate adjustments. -
Microsoft Charging Towards a $3 Trillion Empire: AI on the Rise Despite Unexciting Earnings
As the overwhelming popularity of ChatGPT brings its parent company OpenAI to the forefront, Microsoft, a significant shareholder in OpenAI, is once again returning to the limelight. 
As the overwhelming popularity of ChatGPT brings its parent company OpenAI to the forefront, Microsoft, a significant shareholder in OpenAI, is once again returning to the limelight. -
Microsoft Amplifies AI Investment with New Data Centers, Pushing Costs Higher
Microsoft, known as a standard bearer for AI, is ramping up its commitment to the technology, its latest financial report indicates. 
Microsoft, known as a standard bearer for AI, is ramping up its commitment to the technology, its latest financial report indicates. -
TikTok Dives into E-commerce: An Attempt to Replicate Success of Shein and Temu in the U.S.
The ultimate goal for short-video platforms seems to be e-commerce. Observing the popularity of Shein and Temu in the United States, TikTok is set to launch its own e-commerce business. 
The ultimate goal for short-video platforms seems to be e-commerce. Observing the popularity of Shein and Temu in the United States, TikTok is set to launch its own e-commerce business. -
Fed's Gaze on ECI: Crucial Wage Indicator Steers Market Trends This Week
The Federal Reserve is about to embark on a two-day interest rate meeting, with a 25 basis point hike anticipated by the market on Thursday. However, whether this will be the last increase hinges on the inflation trend moving forward. 
The Federal Reserve is about to embark on a two-day interest rate meeting, with a 25 basis point hike anticipated by the market on Thursday. However, whether this will be the last increase hinges on the inflation trend moving forward. -
H&M Targets Shein in Latest Legal Battle Over Copyright and Trademark Infringements
The cross-border e-commerce platform Shein is once again in the limelight due to a lawsuit. 
The cross-border e-commerce platform Shein is once again in the limelight due to a lawsuit.
