Jonathan Wong
The Latest
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Frontier Airlines Revives Spirit Merger Bid as Budget Carrier Struggles in Bankruptcy
Frontier Airlines has made a renewed bid to merge with its embattled competitor, Spirit Airlines, in an attempt to consolidate two struggling low-cost carriers. The move comes less than two years after an earlier attempt at a merger was derailed by JetBlue Airways, whose own bid for Spirit was later blocked by a federal judge. 
Frontier Airlines has made a renewed bid to merge with its embattled competitor, Spirit Airlines, in an attempt to consolidate two struggling low-cost carriers. The move comes less than two years after an earlier attempt at a merger was derailed by JetBlue Airways, whose own bid for Spirit was later blocked by a federal judge. -
Boom Supersonic's Historic Flight Breaks Sound Barrier, Setting the Stage for Future Supersonic Travel
Boom Supersonic's XB-1 jet has officially broken the sound barrier during a historic test flight over the Mojave Desert. The flight, which occurred on January 28, marks the first time a civilian aircraft has reached supersonic speeds during a test flight in the United States. The XB-1 jet reached Mach 1.122-equivalent to about 750 miles per hour-after taking off from Mojave Air and Space Port in California, a location famously tied to aviation history. 
Boom Supersonic's XB-1 jet has officially broken the sound barrier during a historic test flight over the Mojave Desert. The flight, which occurred on January 28, marks the first time a civilian aircraft has reached supersonic speeds during a test flight in the United States. The XB-1 jet reached Mach 1.122-equivalent to about 750 miles per hour-after taking off from Mojave Air and Space Port in California, a location famously tied to aviation history. -
Google Maps to Rename Gulf of Mexico to Gulf of America, Following Trump’s Executive Order
In compliance with President Donald Trump's executive actions, Google Maps will soon reflect two significant geographical name changes in the United States: the Gulf of Mexico will be renamed the Gulf of America, and Mount Denali will revert to its previous title, Mount McKinley. These changes stem from actions taken by Trump early in his presidency to honor American heritage and influence how official U.S. maps depict these notable landmarks. 
In compliance with President Donald Trump's executive actions, Google Maps will soon reflect two significant geographical name changes in the United States: the Gulf of Mexico will be renamed the Gulf of America, and Mount Denali will revert to its previous title, Mount McKinley. These changes stem from actions taken by Trump early in his presidency to honor American heritage and influence how official U.S. maps depict these notable landmarks. -
Nvidia Recovers Slightly After $595 Billion Loss, But DeepSeek’s AI Model Signals Possible Market Shift
After experiencing a historic market cap loss of $595 billion-the largest single-day drop in stock market history-Nvidia's shares have shown signs of recovery. Yet, investors remain cautious as the chipmaker's brief rebound indicates a fragile market environment. 
After experiencing a historic market cap loss of $595 billion-the largest single-day drop in stock market history-Nvidia's shares have shown signs of recovery. Yet, investors remain cautious as the chipmaker's brief rebound indicates a fragile market environment. -
U.S. Government Could Gain 50% Stake in TikTok Under New Perplexity AI Proposal
A newly revised proposal from Perplexity AI could reshape the future of TikTok in the United States, offering the U.S. government a nonvoting stake of up to 50% in the app's U.S. operations as part of a complex merger plan with ByteDance. 
A newly revised proposal from Perplexity AI could reshape the future of TikTok in the United States, offering the U.S. government a nonvoting stake of up to 50% in the app's U.S. operations as part of a complex merger plan with ByteDance. -
Shein Confirms No Chinese Cotton in U.S. Products
Fast-fashion retailer Shein confirmed it does not use cotton from China in products sold in the United States, aligning with the Uyghur Forced Labor Prevention Act (UFLPA), as revealed in written evidence submitted to a British parliamentary committee. 
Fast-fashion retailer Shein confirmed it does not use cotton from China in products sold in the United States, aligning with the Uyghur Forced Labor Prevention Act (UFLPA), as revealed in written evidence submitted to a British parliamentary committee. -
Costco Shareholders Overwhelmingly Reject Anti-DEI Proposal in Landmark Vote
Costco shareholders decisively voted down an anti-diversity, equity, and inclusion (DEI) proposal during the company's annual meeting on Thursday, with more than 98% rejecting the measure. The proposal, brought forth by the National Center for Public Policy Research, sought to mandate a report on the potential risks of the retailer's DEI policies. 
Costco shareholders decisively voted down an anti-diversity, equity, and inclusion (DEI) proposal during the company's annual meeting on Thursday, with more than 98% rejecting the measure. The proposal, brought forth by the National Center for Public Policy Research, sought to mandate a report on the potential risks of the retailer's DEI policies. -
AmEx Posts Record Card Spending, Exceeds Q4 Revenue Expectations
American Express reported better-than-expected revenue for the fourth quarter of 2024, driven by strong holiday season spending on travel and online shopping. The New York-based financial services company, which primarily serves affluent consumers, recorded revenue of $17.18 billion for the quarter ending December 31, slightly exceeding analysts' projections of $17.16 billion, according to LSEG data. 
American Express reported better-than-expected revenue for the fourth quarter of 2024, driven by strong holiday season spending on travel and online shopping. The New York-based financial services company, which primarily serves affluent consumers, recorded revenue of $17.18 billion for the quarter ending December 31, slightly exceeding analysts' projections of $17.16 billion, according to LSEG data. -
Boeing Faces $4 Billion Q4 Loss Amid Strikes, Layoffs, and Safety Challenges
Boeing is bracing for a significant $4 billion loss in the fourth quarter of 2024, capping a tumultuous year for the aerospace giant that saw a crippling machinists strike, layoffs, and ongoing safety concerns. The company also expects to report a $3.5 billion operating cash flow loss and revenue of $15.2 billion, falling short of analyst expectations. 
Boeing is bracing for a significant $4 billion loss in the fourth quarter of 2024, capping a tumultuous year for the aerospace giant that saw a crippling machinists strike, layoffs, and ongoing safety concerns. The company also expects to report a $3.5 billion operating cash flow loss and revenue of $15.2 billion, falling short of analyst expectations. -
CNN Cuts 6% of Workforce Amid $70 Million Digital Transformation Push
CNN, one of the world's most recognized news organizations, is laying off 6% of its workforce-approximately 200 employees-as part of a significant restructuring aimed at transforming the network into a digital-first operation. The move, announced on Thursday, is part of a $70 million investment by parent company Warner Bros. Discovery (WBD) to modernize CNN's offerings and position it for a future where audiences increasingly consume news online. 
CNN, one of the world's most recognized news organizations, is laying off 6% of its workforce-approximately 200 employees-as part of a significant restructuring aimed at transforming the network into a digital-first operation. The move, announced on Thursday, is part of a $70 million investment by parent company Warner Bros. Discovery (WBD) to modernize CNN's offerings and position it for a future where audiences increasingly consume news online.
