Jonathan Wong
The Latest
-
Hyundai to Announce $20 Billion U.S. Investment, Including $5 Billion Steel Plant in Louisiana
South Korea's Hyundai is preparing to announce a $20 billion investment in U.S. manufacturing, including a new $5 billion steel plant in Louisiana, according to people familiar with the plans. The announcement is expected Monday at the White House, with President Donald Trump, Hyundai Chairman Euisun Chung, and Louisiana Governor Jeff Landry slated to attend. 
South Korea's Hyundai is preparing to announce a $20 billion investment in U.S. manufacturing, including a new $5 billion steel plant in Louisiana, according to people familiar with the plans. The announcement is expected Monday at the White House, with President Donald Trump, Hyundai Chairman Euisun Chung, and Louisiana Governor Jeff Landry slated to attend. -
Trump Awards Boeing F-47 Contract, Revives Sixth-Gen Fighter Program With $300 Million Price Tag
President Donald Trump announced Friday that Boeing has been awarded the contract to build the U.S. Air Force's next-generation fighter jet, designated the F-47. The aircraft will serve as the centerpiece of the Pentagon's Next Generation Air Dominance (NGAD) program, which Trump declared has been revived under his administration after being paused for strategic review last year. 
President Donald Trump announced Friday that Boeing has been awarded the contract to build the U.S. Air Force's next-generation fighter jet, designated the F-47. The aircraft will serve as the centerpiece of the Pentagon's Next Generation Air Dominance (NGAD) program, which Trump declared has been revived under his administration after being paused for strategic review last year. -
Elon Musk Rallies Tesla Staff Amid Stock Slump, Lays Out Bold Robot and Robotaxi Plans
Tesla CEO Elon Musk sought to calm anxious employees and investors during an unscheduled all-hands meeting Thursday night, addressing concerns over the company's stock slump, mounting brand backlash, and clarifying future product plans. Musk's remarks, streamed internally and later shared publicly via X, come amid intensifying scrutiny of Tesla's financial performance and his own political entanglements. 
Tesla CEO Elon Musk sought to calm anxious employees and investors during an unscheduled all-hands meeting Thursday night, addressing concerns over the company's stock slump, mounting brand backlash, and clarifying future product plans. Musk's remarks, streamed internally and later shared publicly via X, come amid intensifying scrutiny of Tesla's financial performance and his own political entanglements. -
NIO Shares Slide After Wider Loss, Weak Guidance Trigger Broader Chinese EV Selloff
NIO Inc. shares fell sharply Friday after the Chinese electric vehicle manufacturer reported widening losses and issued a revenue outlook that came in well below Wall Street expectations, sparking a broader selloff among Chinese EV stocks. 
NIO Inc. shares fell sharply Friday after the Chinese electric vehicle manufacturer reported widening losses and issued a revenue outlook that came in well below Wall Street expectations, sparking a broader selloff among Chinese EV stocks. -
Preliminary Report Reveals Delta Jet’s High Descent Rate, Landing Gear Failure in Toronto Crash
A preliminary investigation into last month's crash of a Delta Air Lines-operated regional jet at Toronto Pearson International Airport reveals the aircraft was descending at an abnormally high rate of speed before slamming into the runway, causing it to flip upside down and injure 21 passengers and crew members. 
A preliminary investigation into last month's crash of a Delta Air Lines-operated regional jet at Toronto Pearson International Airport reveals the aircraft was descending at an abnormally high rate of speed before slamming into the runway, causing it to flip upside down and injure 21 passengers and crew members. -
Frontier Airlines Launches Free Bag Promotion After Southwest Drops Longtime Perk
Frontier Airlines is offering travelers free checked bags and other perks in a new promotion, following Southwest Airlines' announcement that it will end its long-standing policy of allowing passengers to check two bags for free. Frontier's move comes as the budget carrier seeks to capitalize on the backlash facing Southwest and attract disillusioned customers. 
Frontier Airlines is offering travelers free checked bags and other perks in a new promotion, following Southwest Airlines' announcement that it will end its long-standing policy of allowing passengers to check two bags for free. Frontier's move comes as the budget carrier seeks to capitalize on the backlash facing Southwest and attract disillusioned customers. -
Google to Acquire Cybersecurity Firm Wiz for $32 Billion in Largest-Ever Deal
Alphabet Inc. announced Tuesday it has agreed to acquire cloud security startup Wiz for $32 billion in an all-cash deal, marking the largest acquisition in the company's history. The transaction underscores Google's aggressive push to strengthen its cloud-computing business and sharpen its competitive edge against Amazon Web Services and Microsoft Azure. 
Alphabet Inc. announced Tuesday it has agreed to acquire cloud security startup Wiz for $32 billion in an all-cash deal, marking the largest acquisition in the company's history. The transaction underscores Google's aggressive push to strengthen its cloud-computing business and sharpen its competitive edge against Amazon Web Services and Microsoft Azure. -
BYD Shares Surge After Launching Charging Platform Twice as Fast as Tesla’s
Chinese electric vehicle manufacturer BYD unveiled a new fast-charging technology capable of adding 400 kilometers (249 miles) of driving range in just five minutes, a development that has propelled its shares higher and intensified competition in the global EV market. 
Chinese electric vehicle manufacturer BYD unveiled a new fast-charging technology capable of adding 400 kilometers (249 miles) of driving range in just five minutes, a development that has propelled its shares higher and intensified competition in the global EV market. -
PepsiCo Buys Prebiotic Soda Brand Poppi for $1.95 Billion in Bid to Expand Functional Drinks Market
PepsiCo announced Monday it has agreed to acquire prebiotic soda maker Poppi for $1.95 billion, marking the food and beverage giant's latest move to expand its presence in the fast-growing functional drinks segment. 
PepsiCo announced Monday it has agreed to acquire prebiotic soda maker Poppi for $1.95 billion, marking the food and beverage giant's latest move to expand its presence in the fast-growing functional drinks segment. -
Forever 21 to Shutter All U.S. Stores After Second Bankruptcy, Citing Shein, Temu Competition
Forever 21 will close all of its U.S. stores after filing for bankruptcy protection for the second time, as the fast-fashion retailer struggles to stay afloat amid fierce competition from online giants Shein and Temu, rising operational costs, and shifting consumer habits. 
Forever 21 will close all of its U.S. stores after filing for bankruptcy protection for the second time, as the fast-fashion retailer struggles to stay afloat amid fierce competition from online giants Shein and Temu, rising operational costs, and shifting consumer habits.
