Jonathan Wong
The Latest
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Murdoch Steps Down: What's Next for Fox in its Love-Hate Relationship with Trump?
Rupert Murdoch, the 92-year-old media mogul, has announced his retirement from his roles as chairman of both Fox Corporation and Fox News Group, transitioning to the position of honorary chairman. His eldest son, Lachlan, is set to take his place. 
Rupert Murdoch, the 92-year-old media mogul, has announced his retirement from his roles as chairman of both Fox Corporation and Fox News Group, transitioning to the position of honorary chairman. His eldest son, Lachlan, is set to take his place. -
U.S. Faces Triple Threat to its 'Soft Landing' Ambitions
The Federal Reserve, as expected, paused its rate hikes overnight. Fed Chairman Jerome Powell noted that while the U.S. economy is stronger than anticipated, achieving a soft landing is the Fed's primary goal, though not its baseline expectation. 
The Federal Reserve, as expected, paused its rate hikes overnight. Fed Chairman Jerome Powell noted that while the U.S. economy is stronger than anticipated, achieving a soft landing is the Fed's primary goal, though not its baseline expectation. -
GOP Infighting Stalls Spending Bill: Is Another U.S. Government Shutdown Looming?
Ever since the Republican Party seized control of the House of Representatives in last year's midterm elections, a primary goal has been to force the Biden administration to cut spending. 
Ever since the Republican Party seized control of the House of Representatives in last year's midterm elections, a primary goal has been to force the Biden administration to cut spending. -
UAW Strike Reverberates Across Auto Industry: GM and Stellantis Announce Layoffs Amid Contract Negotiations
In a ripple effect stemming from the United Auto Workers (UAW) strike, both General Motors (GM) and Stellantis have announced significant layoffs, underscoring the broader impact of labor disputes on the automotive industry. 
In a ripple effect stemming from the United Auto Workers (UAW) strike, both General Motors (GM) and Stellantis have announced significant layoffs, underscoring the broader impact of labor disputes on the automotive industry. -
Amazon Echo Frames: A Stylish Leap Forward in Personal Audio
In the ever-evolving world of wearable tech, Amazon has taken another significant step with its latest iteration of the Echo Frames. These smart glasses, embedded with the Alexa voice assistant, are designed not just to be functional but to be stylish enough to be worn all day. 
In the ever-evolving world of wearable tech, Amazon has taken another significant step with its latest iteration of the Echo Frames. These smart glasses, embedded with the Alexa voice assistant, are designed not just to be functional but to be stylish enough to be worn all day. -
U.S. Dollar's Nine-Week Rally: Impacts and Insights
The U.S. dollar has been on a remarkable journey, marking its ninth consecutive week of gains since July, a trend that has caught the attention of market watchers and investors alike. This consistent upward trajectory has implications not only for the U.S. economy but also for international markets and companies with global exposure. 
The U.S. dollar has been on a remarkable journey, marking its ninth consecutive week of gains since July, a trend that has caught the attention of market watchers and investors alike. This consistent upward trajectory has implications not only for the U.S. economy but also for international markets and companies with global exposure. -
Intel Unveils AI Suite, Aims to be World's Second-Largest Chip Foundry by 2025
On September 20, Beijing time, Intel hosted the "ON Technology Innovation Summit," where they showcased a range of products, including the Core Ultra processor designed for AI PCs, the AI computing chips Gaudi2 and Gaudi3, the fifth-generation Xeon processors, advanced manufacturing processes, and the latest in packaging technology. 
On September 20, Beijing time, Intel hosted the "ON Technology Innovation Summit," where they showcased a range of products, including the Core Ultra processor designed for AI PCs, the AI computing chips Gaudi2 and Gaudi3, the fifth-generation Xeon processors, advanced manufacturing processes, and the latest in packaging technology. -
Instacart's Strong IPO Signals a Return of Investor Risk Appetite
In a notable display of resilience, Instacart, the grocery delivery giant, made a robust debut on the Nasdaq, with its shares surging by 40%, opening at a commendable $42. This comes after the company's initial public offering (IPO) was priced at $30 a share, valuing the San Francisco-based firm at approximately $10 billion on a fully diluted basis. This valuation, however, was a significant drop from its peak private market valuation of $39 billion during the early days of the Covid pandemic in 2021. The opening price further elevated its valuation to around $14 billion. 
In a notable display of resilience, Instacart, the grocery delivery giant, made a robust debut on the Nasdaq, with its shares surging by 40%, opening at a commendable $42. This comes after the company's initial public offering (IPO) was priced at $30 a share, valuing the San Francisco-based firm at approximately $10 billion on a fully diluted basis. This valuation, however, was a significant drop from its peak private market valuation of $39 billion during the early days of the Covid pandemic in 2021. The opening price further elevated its valuation to around $14 billion. -
Inflation's Comeback: Can the Fed Navigate the Rising Tide of Oil Prices?
As oil prices surge for the third consecutive week, the Federal Reserve, aiming for a soft landing for the U.S. economy, is once again haunted by the specter of inflation. 
As oil prices surge for the third consecutive week, the Federal Reserve, aiming for a soft landing for the U.S. economy, is once again haunted by the specter of inflation. -
Instacart's Rocky Road to IPO: From Unicorn Valuation to a $9.9 Billion Debut
The U.S. stock market is buzzing with IPO activity, and following in the footsteps of Arm, Instacart is making its sprint to Nasdaq. 
The U.S. stock market is buzzing with IPO activity, and following in the footsteps of Arm, Instacart is making its sprint to Nasdaq.
