Jonathan Wong
The Latest
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Meta to Launch New AI Lab With Scale AI CEO as Zuckerberg Chases Superintelligence
Meta Platforms is forming a new artificial intelligence lab with the help of Scale AI CEO Alexandr Wang, as CEO Mark Zuckerberg personally accelerates efforts to build "superintelligence"-an AI system capable of surpassing human cognition, according to reports from The New York Times and Bloomberg. 
Meta Platforms is forming a new artificial intelligence lab with the help of Scale AI CEO Alexandr Wang, as CEO Mark Zuckerberg personally accelerates efforts to build "superintelligence"-an AI system capable of surpassing human cognition, according to reports from The New York Times and Bloomberg. -
Amazon Commits $20 Billion to Pennsylvania Data Centers, Taps Nuclear Plant for Power
Amazon will invest $20 billion in two data center campuses in Pennsylvania, including one next to the Susquehanna nuclear power plant, in what Gov. Josh Shapiro called the largest private-sector investment in the state's history. The announcement on Monday highlights the tech giant's growing appetite for energy-intensive infrastructure to support its artificial intelligence and cloud computing operations. 
Amazon will invest $20 billion in two data center campuses in Pennsylvania, including one next to the Susquehanna nuclear power plant, in what Gov. Josh Shapiro called the largest private-sector investment in the state's history. The announcement on Monday highlights the tech giant's growing appetite for energy-intensive infrastructure to support its artificial intelligence and cloud computing operations. -
Robinhood Shares Drop Over 3% After S&P 500 Exclusion Dashes Investor Hopes
Robinhood Markets Inc. shares fell more than 3% in premarket trading Monday after the online brokerage failed to secure a spot in the S&P 500, disappointing investors who had fueled a surge in the stock ahead of the widely anticipated index rebalance. The S&P Dow Jones Indices announced late Friday that it would make no changes to the S&P 500 in its latest quarterly update. 
Robinhood Markets Inc. shares fell more than 3% in premarket trading Monday after the online brokerage failed to secure a spot in the S&P 500, disappointing investors who had fueled a surge in the stock ahead of the widely anticipated index rebalance. The S&P Dow Jones Indices announced late Friday that it would make no changes to the S&P 500 in its latest quarterly update. -
Lululemon Shares Plunge as Tariffs, Weak U.S. Demand Slash Profit Outlook
Shares of Lululemon Athletica fell more than 20% in premarket trading Friday, after the company warned that new tariffs and declining U.S. store traffic would erode profits, triggering one of the steepest selloffs in the company's history. 
Shares of Lululemon Athletica fell more than 20% in premarket trading Friday, after the company warned that new tariffs and declining U.S. store traffic would erode profits, triggering one of the steepest selloffs in the company's history. -
Walmart Fires Florida Workers as Supreme Court Clears Path for Trump to End Migrant Protections: Report
Walmart has begun terminating employees at select Florida stores following a Supreme Court ruling that permits the Trump administration to revoke Temporary Protected Status for hundreds of thousands of migrants, according to people familiar with the matter. The move comes as companies across the state respond to shifting legal requirements tied to federal work authorization. 
Walmart has begun terminating employees at select Florida stores following a Supreme Court ruling that permits the Trump administration to revoke Temporary Protected Status for hundreds of thousands of migrants, according to people familiar with the matter. The move comes as companies across the state respond to shifting legal requirements tied to federal work authorization. -
Wells Fargo Cleared for Growth as Fed Lifts $1.95 Trillion Asset Cap After Seven-Year Scandal Clampdown
Wells Fargo received regulatory clearance Tuesday to grow its balance sheet for the first time in seven years, after the Federal Reserve lifted a punitive $1.95 trillion cap on the bank's assets. The decision, which follows years of compliance efforts and leadership changes, marks a turning point in the San Francisco-based bank's recovery from its fake accounts scandal and broader risk-management failures. 
Wells Fargo received regulatory clearance Tuesday to grow its balance sheet for the first time in seven years, after the Federal Reserve lifted a punitive $1.95 trillion cap on the bank's assets. The decision, which follows years of compliance efforts and leadership changes, marks a turning point in the San Francisco-based bank's recovery from its fake accounts scandal and broader risk-management failures. -
Dollar General Lifts Outlook, Attracts Higher-Income Shoppers Amid Tariff Jitters
Dollar General raised its full-year forecast on Tuesday after posting stronger-than-expected earnings and revenue in the first quarter, as tariff uncertainty and economic pressures drove budget- and middle-income consumers to its stores. Shares surged more than 13%, buoyed by growing transaction sizes and gains across merchandise categories. 
Dollar General raised its full-year forecast on Tuesday after posting stronger-than-expected earnings and revenue in the first quarter, as tariff uncertainty and economic pressures drove budget- and middle-income consumers to its stores. Shares surged more than 13%, buoyed by growing transaction sizes and gains across merchandise categories. -
Toyota to Take Toyota Industries Private in $33 Billion Deal, Triggering Shareholder Backlash
Toyota Motor will take its key affiliate Toyota Industries private in a $33 billion deal, a landmark transaction that unwinds decades of cross-shareholding and strengthens the founding Toyoda family's grip on Japan's most powerful corporate group. The buyout, announced Tuesday, includes a tender offer of ¥16,300 per share, representing an 11% discount to Toyota Industries' closing price before the deal was made public. 
Toyota Motor will take its key affiliate Toyota Industries private in a $33 billion deal, a landmark transaction that unwinds decades of cross-shareholding and strengthens the founding Toyoda family's grip on Japan's most powerful corporate group. The buyout, announced Tuesday, includes a tender offer of ¥16,300 per share, representing an 11% discount to Toyota Industries' closing price before the deal was made public. -
Meta Signs 20-Year Nuclear Deal With Constellation, Triggering 15% Stock Surge
Meta Platforms has signed a 20-year agreement to purchase the full output of the Clinton Clean Energy Center, a nuclear plant in Illinois operated by Constellation Energy, marking the tech giant's first direct deal with a nuclear facility. The announcement sent Constellation shares soaring more than 15% on Tuesday. 
Meta Platforms has signed a 20-year agreement to purchase the full output of the Clinton Clean Energy Center, a nuclear plant in Illinois operated by Constellation Energy, marking the tech giant's first direct deal with a nuclear facility. The announcement sent Constellation shares soaring more than 15% on Tuesday. -
Disney Cuts Hundreds of Jobs Across Film, TV, and Finance as Cost-Saving Push Continues
Disney is laying off several hundred employees across its global operations, including teams in film and television marketing, publicity, casting and development, and corporate finance, according to people familiar with the matter. The cuts, confirmed Monday, are the latest in a multi-year cost-reduction effort as the company continues to transition from traditional cable and broadcast models to streaming-first distribution. 
Disney is laying off several hundred employees across its global operations, including teams in film and television marketing, publicity, casting and development, and corporate finance, according to people familiar with the matter. The cuts, confirmed Monday, are the latest in a multi-year cost-reduction effort as the company continues to transition from traditional cable and broadcast models to streaming-first distribution.
