Jonathan Wong
The Latest
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Visa and Mastercard Agree to $30 Billion Settlement, Lowering Credit Card Fees for Merchants
In a landmark antitrust settlement, credit card giants Visa and Mastercard have agreed to pay an estimated $30 billion to limit credit and debit card fees for merchants, potentially leading to lower prices for consumers. The settlement, one of the largest in U.S. history, would resolve claims in a litigation that began in 2005, pending court approval. 
In a landmark antitrust settlement, credit card giants Visa and Mastercard have agreed to pay an estimated $30 billion to limit credit and debit card fees for merchants, potentially leading to lower prices for consumers. The settlement, one of the largest in U.S. history, would resolve claims in a litigation that began in 2005, pending court approval. -
EU Launches Non-Compliance Investigation into Apple, Google, and Meta Under Digital Markets Act
The European Union has launched a non-compliance investigation into the practices of Apple, Meta, Amazon, and Alphabet-the parent company of Google-under its Digital Markets Act (DMA). 
The European Union has launched a non-compliance investigation into the practices of Apple, Meta, Amazon, and Alphabet-the parent company of Google-under its Digital Markets Act (DMA). -
Boeing CEO Dave Calhoun to Step Down Amid Production and Quality Control Issues
Boeing CEO Dave Calhoun announced on Monday that he will step down at the end of 2024, as part of a broad management shakeup for the embattled aerospace giant. 
Boeing CEO Dave Calhoun announced on Monday that he will step down at the end of 2024, as part of a broad management shakeup for the embattled aerospace giant. -
FAA Increases Oversight of United Airlines Following Safety Concerns
United Airlines has disclosed that the Federal Aviation Administration (FAA) is stepping up its oversight of the airline. 
United Airlines has disclosed that the Federal Aviation Administration (FAA) is stepping up its oversight of the airline. -
Catastrophic Risks Prompt State Farm to End Renewals for 72,000 California Properties
State Farm, a leading insurance provider, has announced a significant shift in its operations in California, opting not to renew policies for 72,000 homes and apartments starting this summer. 
State Farm, a leading insurance provider, has announced a significant shift in its operations in California, opting not to renew policies for 72,000 homes and apartments starting this summer. -
DOJ Charges Apple with Anticompetitive Practices, Sparking Legal Battle
The lawsuit accuses the tech behemoth of employing anticompetitive tactics to dominate the smartphone market, raising serious concerns about the implications for innovation and consumer choice. 
The lawsuit accuses the tech behemoth of employing anticompetitive tactics to dominate the smartphone market, raising serious concerns about the implications for innovation and consumer choice. -
Reddit Shares Soar 48% in NYSE Debut After Pricing IPO at Top of Range
Reddit, the popular social media platform known as the "front page of the internet," made a strong debut on the New York Stock Exchange (NYSE) on Thursday, with shares jumping as much as 70% after the company priced its initial public offering (IPO) at the top of its expected range. 
Reddit, the popular social media platform known as the "front page of the internet," made a strong debut on the New York Stock Exchange (NYSE) on Thursday, with shares jumping as much as 70% after the company priced its initial public offering (IPO) at the top of its expected range. -
Apple Faces Landmark Antitrust Lawsuit, DOJ Accuses Tech Giant of Harming Competition and Innovation
The US Department of Justice, along with 16 state and district attorneys general, has filed a groundbreaking antitrust lawsuit against Apple, accusing the tech giant of operating an illegal monopoly in the smartphone market. 
The US Department of Justice, along with 16 state and district attorneys general, has filed a groundbreaking antitrust lawsuit against Apple, accusing the tech giant of operating an illegal monopoly in the smartphone market. -
US Housing Market Defies Odds with Surprising Surge in Home Sales
The US housing market witnessed an unexpected surge in home sales last month, defying the escalating mortgage rates that have been a cause for concern among potential homebuyers. 
The US housing market witnessed an unexpected surge in home sales last month, defying the escalating mortgage rates that have been a cause for concern among potential homebuyers. -
Reddit Prices IPO at $34 per Share, Raising $748 Million in Highly Anticipated Market Debut
The company priced its initial public offering (IPO) at $34 per share, the top end of the $31 to $34 range it had marketed earlier, valuing the company at $6.4 billion and raising $748 million for Reddit and its selling shareholders. 
The company priced its initial public offering (IPO) at $34 per share, the top end of the $31 to $34 range it had marketed earlier, valuing the company at $6.4 billion and raising $748 million for Reddit and its selling shareholders.
