Jonathan Wong
The Latest
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Wall Street's CEO Race Heats Up: Morgan Stanley Seeks to Break Tradition
The hunt for Wall Street's next top CEO is intensifying. Recently, 65-year-old Morgan Stanley CEO James Gorman shared his plans to identify an appropriate successor within the next year. 
The hunt for Wall Street's next top CEO is intensifying. Recently, 65-year-old Morgan Stanley CEO James Gorman shared his plans to identify an appropriate successor within the next year. -
Mild Inflation Signals: Fed Likely to Hold Rates Steady Amid Rising CPI
On Thursday, following the release of U.S. CPI data, Wall Street Journal reporter Nick Timiraos, among others, suggested that the July increase in the U.S. Consumer Price Index (CPI) indicates mild price pressure, potentially discouraging the Federal Reserve from hiking interest rates in September. 
On Thursday, following the release of U.S. CPI data, Wall Street Journal reporter Nick Timiraos, among others, suggested that the July increase in the U.S. Consumer Price Index (CPI) indicates mild price pressure, potentially discouraging the Federal Reserve from hiking interest rates in September. -
SMIC Q2 Revenue Dips 18% YoY, But Hopes for H2 Rebound Shine Bright
On Thursday, August 10, chip manufacturer Semiconductor Manufacturing International Corporation (SMIC) released its financial results for the second quarter, ending June 30. 
On Thursday, August 10, chip manufacturer Semiconductor Manufacturing International Corporation (SMIC) released its financial results for the second quarter, ending June 30. -
Disney Reports Mixed Quarter: Streaming Subscribers Dip, Theme Parks Shine, and Disney+ Set for 27% Price Hike
On Wednesday, following the close of the U.S. stock market on August 9, Disney revealed its third-quarter financial results ending July 1. 
On Wednesday, following the close of the U.S. stock market on August 9, Disney revealed its third-quarter financial results ending July 1. -
Russia's Central Bank Pauses Foreign Exchange Purchases, Bolstering the Ruble
On Wednesday, Russia's Central Bank announced in a statement that it will halt the purchase of foreign currency in the domestic market until the end of 2023, starting from August 10, in an effort to reduce financial market volatility. Decisions on resuming these foreign exchange purchases will be made based on the actual conditions of the financial markets. 
On Wednesday, Russia's Central Bank announced in a statement that it will halt the purchase of foreign currency in the domestic market until the end of 2023, starting from August 10, in an effort to reduce financial market volatility. Decisions on resuming these foreign exchange purchases will be made based on the actual conditions of the financial markets. -
Weight Loss Drugs Outpace Luxury Brands? Novo Nordisk Closes in on LVMH's Crown in Europe
Is Europe's top market cap spot about to change hands? 
Is Europe's top market cap spot about to change hands? -
SoftBank's Arm Gears Up for Possibly the Biggest Global IPO of the Year: U.S. Debut in September with a Valuation Surpassing $60 Billion
Arm moves one step closer to its anticipated listing. 
Arm moves one step closer to its anticipated listing. -
OpenAI Unveils GPTBot: A Web Crawler for the Upcoming GPT-5
On August 8, OpenAI announced a new product called GPTBot on its official website. This web crawler is designed to gather vast amounts of online data for training AI models. 
On August 8, OpenAI announced a new product called GPTBot on its official website. This web crawler is designed to gather vast amounts of online data for training AI models. -
Rivian Raises Annual Forecast, Surpasses Q2 Expectations: Tesla's Top Contender Strikes Back
Late in the trading session on Tuesday, August 8, Tesla's rival, Rivian, unveiled its Q2 financial results. In the earnings report, Rivian increased its production outlook for the year and trimmed its loss forecast. 
Late in the trading session on Tuesday, August 8, Tesla's rival, Rivian, unveiled its Q2 financial results. In the earnings report, Rivian increased its production outlook for the year and trimmed its loss forecast. -
U.S. Credit Card Balances Surge, Breaking the $1 Trillion Mark for First Time
In a report released on Tuesday, August 8, the Federal Reserve Bank of New York stated that U.S. credit card debt surged by $45 billion in the second quarter of the year, a rise of over 4%, pushing the total to $1.03 trillion. This is the highest amount since the Fed started recording this data in 2003. 
In a report released on Tuesday, August 8, the Federal Reserve Bank of New York stated that U.S. credit card debt surged by $45 billion in the second quarter of the year, a rise of over 4%, pushing the total to $1.03 trillion. This is the highest amount since the Fed started recording this data in 2003.
