Jonathan Wong
The Latest
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Threads' Meteoric Rise: 100 Million Users in Five Days, But Twitter Remains Unthreatened
Gaining an initial user base is a common pain point for most startups: How does a new app obtain its first group of users and leverage this to reach a larger audience? Typically, it's a process of rapid iteration and persistent validation. 
Gaining an initial user base is a common pain point for most startups: How does a new app obtain its first group of users and leverage this to reach a larger audience? Typically, it's a process of rapid iteration and persistent validation. -
Tesla Gears Up for Affordable 'Model 2': Design Completed and Factory Ready to Break Ground
The long-rumored next-generation affordable Tesla model appears to be ready to hit the market soon. 
The long-rumored next-generation affordable Tesla model appears to be ready to hit the market soon. -
Lesson from Russia's Frozen Assets, Central Banks Globally Rush to Repatriate Gold
An increasing number of countries are bringing their physical gold reserves back home to avoid sanctions similar to those imposed on Russia's foreign assets. At the same time, they are purchasing more precious metals as a hedge against high inflation. 
An increasing number of countries are bringing their physical gold reserves back home to avoid sanctions similar to those imposed on Russia's foreign assets. At the same time, they are purchasing more precious metals as a hedge against high inflation. -
Binance Grapples with Regulatory Pressure: Key Executives Depart and Major U.S. Layoffs
As regulatory scrutiny from the United States escalates, cryptocurrency exchange Binance has been hit by a wave of internal turmoil. The company has seen an exodus of key executives, including its general counsel, chief strategy officer, investigations director, and senior vice president in charge of compliance over the last few weeks. Binance also conducted a series of layoffs last week, planning to decrease its U.S. workforce to limit its exposure in the country. 
As regulatory scrutiny from the United States escalates, cryptocurrency exchange Binance has been hit by a wave of internal turmoil. The company has seen an exodus of key executives, including its general counsel, chief strategy officer, investigations director, and senior vice president in charge of compliance over the last few weeks. Binance also conducted a series of layoffs last week, planning to decrease its U.S. workforce to limit its exposure in the country. -
Tightening Grip on Labor Market: U.S. Job Growth Slows, Unemployment Dips to 3.6%
In the latest employment report by the Labor Department, U.S. nonfarm payrolls rose by 209,000 in June, marking a significant slowdown from May's revised figure of 306,000. While the job growth rate fell short of the predicted 225,000 by Reuters' economists, the unemployment rate shrank to 3.6% from 3.7% in the previous month. 
In the latest employment report by the Labor Department, U.S. nonfarm payrolls rose by 209,000 in June, marking a significant slowdown from May's revised figure of 306,000. While the job growth rate fell short of the predicted 225,000 by Reuters' economists, the unemployment rate shrank to 3.6% from 3.7% in the previous month. -
Global Gold Rush: World Central Banks Continue to Stockpile, Gold Prices Set for a Potential Rise
The World Gold Council (WGC) has released new data indicating a continuation of gold acquisitions by central banks worldwide, with Turkey being the notable exception due to its extensive sell-off. The data shows that in May, eight central banks increased their gold reserves with a net purchase of 50 tons. However, Turkey's decision to sell another 63 tons of gold in May led to a net decrease of 27 tons in the global gold holdings of central banks. 
The World Gold Council (WGC) has released new data indicating a continuation of gold acquisitions by central banks worldwide, with Turkey being the notable exception due to its extensive sell-off. The data shows that in May, eight central banks increased their gold reserves with a net purchase of 50 tons. However, Turkey's decision to sell another 63 tons of gold in May led to a net decrease of 27 tons in the global gold holdings of central banks. -
A New Hope for Alzheimer's Treatment: FDA Approves Leqembi, Paving the Way for Insurance Coverage
The U.S. Food and Drug Administration (FDA) granted approval for Leqembi, an Alzheimer's disease drug developed by Japanese pharmaceutical company Eizai and Massachusetts-based Biogen on Thursday, July 6. 
The U.S. Food and Drug Administration (FDA) granted approval for Leqembi, an Alzheimer's disease drug developed by Japanese pharmaceutical company Eizai and Massachusetts-based Biogen on Thursday, July 6. -
Riding the AI Wave: Silicon Valley Seizes the Lifeline Amid Market Slump
Last year, as the Federal Reserve began an aggressive cycle of rate hikes, Silicon Valley responded by initiating significant layoffs and reducing project numbers in order to cut costs. This turmoil saw the NASDAQ Composite Index plummet by around 30% and the U.S. primary market, dominated for years by tech start-ups, came to a standstill. This led many to believe that the U.S. tech sector might be facing a crisis similar to the 2000 internet bubble, and that a long-term slump might be inevitable. 
Last year, as the Federal Reserve began an aggressive cycle of rate hikes, Silicon Valley responded by initiating significant layoffs and reducing project numbers in order to cut costs. This turmoil saw the NASDAQ Composite Index plummet by around 30% and the U.S. primary market, dominated for years by tech start-ups, came to a standstill. This led many to believe that the U.S. tech sector might be facing a crisis similar to the 2000 internet bubble, and that a long-term slump might be inevitable. -
U.S. Aims to Restrict Chinese Companies From Using 'American Cloud', Experts Call it Extreme Suppression
According to a report by the Wall Street Journal on July 4, the Biden administration is preparing to restrict Chinese companies from using U.S. cloud computing services. 
According to a report by the Wall Street Journal on July 4, the Biden administration is preparing to restrict Chinese companies from using U.S. cloud computing services. -
Federal Reserve Research Predicts: Rate Cuts Might Not Surface Until 2026
Recent documents from the Federal Reserve suggest that interest rate cuts might be delayed until 2026. 
Recent documents from the Federal Reserve suggest that interest rate cuts might be delayed until 2026.
