Jonathan Wong
The Latest
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U.S. Economy Demonstrates Resilience Amidst Challenges; Q2 GDP Growth Holds Steady
The U.S. economy showcased its resilience by maintaining a steady growth rate in the second quarter, even as potential headwinds loom on the horizon. According to the government's third estimate for the April-June period, the Gross Domestic Product (GDP) increased at an unrevised 2.1% annualized rate, aligning with economists' expectations. Furthermore, the growth for the first quarter was adjusted upward to a 2.2% rate from the previously reported 2.0% pace. 
The U.S. economy showcased its resilience by maintaining a steady growth rate in the second quarter, even as potential headwinds loom on the horizon. According to the government's third estimate for the April-June period, the Gross Domestic Product (GDP) increased at an unrevised 2.1% annualized rate, aligning with economists' expectations. Furthermore, the growth for the first quarter was adjusted upward to a 2.2% rate from the previously reported 2.0% pace. -
Quest 3 Unveiled: Meta's Answer to the Future of Mixed Reality
In a bold move to solidify its position in the virtual reality (VR) market, Meta has unveiled the Quest 3, its latest VR headset. This announcement comes amidst a backdrop of increasing competition, particularly from tech giant Apple. The Quest 3 promises to build upon the success of its predecessor, the Quest 2, by introducing full-color video passthrough and mixed reality features. 
In a bold move to solidify its position in the virtual reality (VR) market, Meta has unveiled the Quest 3, its latest VR headset. This announcement comes amidst a backdrop of increasing competition, particularly from tech giant Apple. The Quest 3 promises to build upon the success of its predecessor, the Quest 2, by introducing full-color video passthrough and mixed reality features. -
Amazon Faces Historic Antitrust Lawsuit: Secret 'Project Nessie' Revealed
On Tuesday, the U.S. Federal Trade Commission (FTC) and attorneys general from 17 states filed a landmark lawsuit against Amazon, accusing the e-commerce giant of using "anti-competitive tactics and unfair strategies" to maintain an illegal monopoly. 
On Tuesday, the U.S. Federal Trade Commission (FTC) and attorneys general from 17 states filed a landmark lawsuit against Amazon, accusing the e-commerce giant of using "anti-competitive tactics and unfair strategies" to maintain an illegal monopoly. -
Federal Reserve Plans Job Cuts: Why the Downsizing?
The Federal Reserve recently confirmed plans to cut approximately 300 jobs by the end of this year. The reductions will come in the form of layoffs, early retirements, and not filling vacant positions. The cuts will primarily target support roles, including obsolete tech positions. 
The Federal Reserve recently confirmed plans to cut approximately 300 jobs by the end of this year. The reductions will come in the form of layoffs, early retirements, and not filling vacant positions. The cuts will primarily target support roles, including obsolete tech positions. -
U.S. AAA Credit Rating on Shaky Ground? Moody's Sounds Alarm Over Potential Government Shutdown
Moody's, the only one of the world's three major credit rating agencies still awarding the U.S. an AAA rating, has expressed wavering confidence amid looming concerns of a potential U.S. government shutdown. 
Moody's, the only one of the world's three major credit rating agencies still awarding the U.S. an AAA rating, has expressed wavering confidence amid looming concerns of a potential U.S. government shutdown. -
Wall Street's WhatsApp Woes: SEC Ramps Up Investigation into Off-Channel Communications
The U.S. Securities and Exchange Commission (SEC) has intensified its investigation into Wall Street's use of private messaging apps, including popular platforms like WhatsApp and Signal. This move comes as the regulatory body seeks to ensure compliance with record-keeping requirements and to address potential misconduct. 
The U.S. Securities and Exchange Commission (SEC) has intensified its investigation into Wall Street's use of private messaging apps, including popular platforms like WhatsApp and Signal. This move comes as the regulatory body seeks to ensure compliance with record-keeping requirements and to address potential misconduct. -
Amazon Pours $4 Billion into Anthropic, OpenAI's Top Rival
On Monday, reports revealed that Amazon is investing up to $4 billion in Anthropic and announced plans for broader collaboration in the future to compete in the AI sector against growing rivals. 
On Monday, reports revealed that Amazon is investing up to $4 billion in Anthropic and announced plans for broader collaboration in the future to compete in the AI sector against growing rivals. -
Tragic Collision in Florida: Train Strikes SUV Leaving Six Dead, Including Three Children
In a heart-wrenching incident on Saturday evening, six individuals, including three children, lost their lives when a train collided with an SUV at a railroad crossing in Hillsborough County, Florida. The tragedy unfolded as the seven occupants of the SUV were en route to a quinceañera, a traditional celebration marking a girl's 15th birthday. 
In a heart-wrenching incident on Saturday evening, six individuals, including three children, lost their lives when a train collided with an SUV at a railroad crossing in Hillsborough County, Florida. The tragedy unfolded as the seven occupants of the SUV were en route to a quinceañera, a traditional celebration marking a girl's 15th birthday. -
JPMorgan Predicts Return of 'Super Cycle' and Potential Energy Crises Ahead
In the past two years, Goldman Sachs has been Wall Street's most bullish advocate for the energy market. They accurately predicted the epic surge in oil prices in 2022. However, this year's plummet in oil prices caught Goldman off guard, leading to the departure of their star analyst and chief commodity strategist, Jeff Currie. 
In the past two years, Goldman Sachs has been Wall Street's most bullish advocate for the energy market. They accurately predicted the epic surge in oil prices in 2022. However, this year's plummet in oil prices caught Goldman off guard, leading to the departure of their star analyst and chief commodity strategist, Jeff Currie. -
Detroit's Big Three Face Tense Hours as UAW Strike Widens: What's at Stake?
Detroit's automotive giants, General Motors, Ford, and Stellantis, are grappling with a rapidly escalating strike led by the United Auto Workers (UAW) union. The strike, which began over a week ago, has now expanded to include 38 locations across 20 states, signaling a significant intensification of the labor dispute. 
Detroit's automotive giants, General Motors, Ford, and Stellantis, are grappling with a rapidly escalating strike led by the United Auto Workers (UAW) union. The strike, which began over a week ago, has now expanded to include 38 locations across 20 states, signaling a significant intensification of the labor dispute.
