Jonathan Wong
The Latest
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Coinbase Likely to Win Legal Battle Against SEC, Analyst Predicts
In a significant development in the legal skirmish between Coinbase and the U.S. Securities and Exchange Commission (SEC), a Bloomberg Intelligence senior litigation analyst, Elliott Z. Stein, has predicted a 70% likelihood of the cryptocurrency exchange achieving a complete dismissal of the lawsuit. 
In a significant development in the legal skirmish between Coinbase and the U.S. Securities and Exchange Commission (SEC), a Bloomberg Intelligence senior litigation analyst, Elliott Z. Stein, has predicted a 70% likelihood of the cryptocurrency exchange achieving a complete dismissal of the lawsuit. -
Macy's Turns Down Arkhouse's $5.8 Billion Acquisition Offer Over Financing Concerns
Macy's Inc. (M.N) has decisively turned down a $5.8 billion acquisition proposal from Arkhouse Management and Brigade Capital Management, raising critical concerns about the offer's financial viability and overall valuation. 
Macy's Inc. (M.N) has decisively turned down a $5.8 billion acquisition proposal from Arkhouse Management and Brigade Capital Management, raising critical concerns about the offer's financial viability and overall valuation. -
Wayfair Cuts 13% of Staff Following CEO's Call for Harder Work
Wayfair, a leading e-commerce home goods retailer, is set to reduce its global workforce by approximately 13%, affecting around 1,650 employees. This move is part of the company's broader strategy to navigate through an economically challenging period, as it seeks to save more than $280 million annually. 
Wayfair, a leading e-commerce home goods retailer, is set to reduce its global workforce by approximately 13%, affecting around 1,650 employees. This move is part of the company's broader strategy to navigate through an economically challenging period, as it seeks to save more than $280 million annually. -
Macy's Announces Major Layoffs and Store Closures in Strategic Overhaul
Macy's, one of America's iconic department store chains, has announced sweeping changes that will see the layoff of approximately 13% of its corporate staff, translating to roughly 2,350 positions. Macy's, one of America's iconic department store chains, has announced sweeping changes that will see the layoff of approximately 13% of its corporate staff, translating to roughly 2,350 positions. -
Apple Stock Upgraded to 'Buy' by BofA: Vision Pro and AI Innovations Fuel Optimism
Apple Inc. (AAPL) received a crucial endorsement from Bank of America (BofA), with analyst Wamsi Mohan upgrading the tech giant's stock from Neutral to Buy and raising the price target from $208 to $225. This upgrade, a departure from the recent series of downgrades by Wall Street analysts, propelled Apple's shares up nearly 3% by midday Thursday. 
Apple Inc. (AAPL) received a crucial endorsement from Bank of America (BofA), with analyst Wamsi Mohan upgrading the tech giant's stock from Neutral to Buy and raising the price target from $208 to $225. This upgrade, a departure from the recent series of downgrades by Wall Street analysts, propelled Apple's shares up nearly 3% by midday Thursday. -
Nelson Peltz Aims for Disney Board, Proposes Strategic Reforms
activist investor Nelson Peltz, through his Trian Fund Management, is mounting a high-profile proxy fight. Peltz is pushing for a seat on Disney's board, alongside former Disney CFO Jay Rasulo. This campaign marks a critical juncture for the entertainment giant as it navigates through a complex business landscape. 
activist investor Nelson Peltz, through his Trian Fund Management, is mounting a high-profile proxy fight. Peltz is pushing for a seat on Disney's board, alongside former Disney CFO Jay Rasulo. This campaign marks a critical juncture for the entertainment giant as it navigates through a complex business landscape. -
Coinbase Fights SEC Lawsuit Over Crypto Securities Classification
Coinbase, one of the world's leading crypto exchanges, is locked in a legal battle with the U.S. Securities and Exchange Commission (SEC). The suit, filed by the SEC in June 2023, alleges that Coinbase operated without proper registration, offering crypto trading and staking services that the regulatory agency deems as securities. Coinbase, one of the world's leading crypto exchanges, is locked in a legal battle with the U.S. Securities and Exchange Commission (SEC). The suit, filed by the SEC in June 2023, alleges that Coinbase operated without proper registration, offering crypto trading and staking services that the regulatory agency deems as securities. -
Sandberg's Meta Board Exit: Focus Shifts to Philanthropy and Advisory Role
Sandberg's departure, announced in a heartfelt Facebook post, comes after a storied tenure spanning over a decade, during which she played a pivotal role in shaping the social media giant. 
Sandberg's departure, announced in a heartfelt Facebook post, comes after a storied tenure spanning over a decade, during which she played a pivotal role in shaping the social media giant. -
FAA Intensifies Boeing Probe After Alaska Airlines Incident
The Federal Aviation Administration (FAA) has broadened its investigation into Boeing following a midair emergency on an Alaska Airlines 737 Max 9 flight. This expansion includes an examination of Boeing's subcontractor, Spirit AeroSystems, amid heightened scrutiny of the aerospace giant's manufacturing practices and quality assurance processes. 
The Federal Aviation Administration (FAA) has broadened its investigation into Boeing following a midair emergency on an Alaska Airlines 737 Max 9 flight. This expansion includes an examination of Boeing's subcontractor, Spirit AeroSystems, amid heightened scrutiny of the aerospace giant's manufacturing practices and quality assurance processes. -
Apple Faces Renewed Ban on Advanced Apple Watch Models Amid Patent Dispute
The U.S. Court of Appeals for the Federal Circuit has reinstated a ban on the importation of advanced models of the Apple Watch, including the Apple Watch Series 9 and Apple Watch Ultra 2. 
The U.S. Court of Appeals for the Federal Circuit has reinstated a ban on the importation of advanced models of the Apple Watch, including the Apple Watch Series 9 and Apple Watch Ultra 2.
