Jonathan Wong
The Latest
-
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. -
Li Auto Reports Record Q2 Earnings, Aims for Over 100,000 Vehicle Deliveries in Q3
Peak Travel Season Boosts Demand Rising demand during the peak travel season, combined with the fading impact of price wars, seems to have painted a brighter picture for Chinese automakers in the second quarter. Leading the pack, Li Auto, known for its prudent business strategies, continues its profitable streak in the new quarter. 
Peak Travel Season Boosts Demand Rising demand during the peak travel season, combined with the fading impact of price wars, seems to have painted a brighter picture for Chinese automakers in the second quarter. Leading the pack, Li Auto, known for its prudent business strategies, continues its profitable streak in the new quarter. -
Apple Faces Rare 5-Day Stock Dip: Upcoming iPhone 15 Holds the Key
Apple's uncommon five-day stock slide has drawn attention, with its three consecutive quarters of declining revenue shaking investors' confidence. Now, all eyes are on the upcoming iPhone 15, set to be revealed next month, which will be critical in determining if the tech giant can turn the tide. 
Apple's uncommon five-day stock slide has drawn attention, with its three consecutive quarters of declining revenue shaking investors' confidence. Now, all eyes are on the upcoming iPhone 15, set to be revealed next month, which will be critical in determining if the tech giant can turn the tide. -
Yellow, A Century-Old Trucking Giant, Goes Bankrupt: 30,000 Jobs Lost
One of America's oldest trucking firms, Yellow, with 99 years in operation, has declared bankruptcy, leading to the loss of 30,000 jobs. 
One of America's oldest trucking firms, Yellow, with 99 years in operation, has declared bankruptcy, leading to the loss of 30,000 jobs. -
Hermès Watches Aiming for €1 Billion Sales by 2025: Racing to Top-Tier Watchmaking Brands
By June 2023, the French luxury goods company Hermès reported a total revenue of €6.698 billion (equivalent to approximately 529.36 billion yuan) for the first half of 2023, a 29% surge when adjusted for fixed exchange rates. 
By June 2023, the French luxury goods company Hermès reported a total revenue of €6.698 billion (equivalent to approximately 529.36 billion yuan) for the first half of 2023, a 29% surge when adjusted for fixed exchange rates. -
Fed Divisions Emerge: Bowman Pushes for More Rate Hikes Amid Inflation Concerns
Rate Hike Stance: Federal Reserve Governor and current FOMC voting member Michelle Bowman reiterated her stance on Monday, emphasizing the Fed's need to continue raising interest rates to fully restore price stability. At an event, Bowman highlighted her support for the rate hike in the July meeting and anticipated further hikes to bring inflation back to normal levels. 
Rate Hike Stance: Federal Reserve Governor and current FOMC voting member Michelle Bowman reiterated her stance on Monday, emphasizing the Fed's need to continue raising interest rates to fully restore price stability. At an event, Bowman highlighted her support for the rate hike in the July meeting and anticipated further hikes to bring inflation back to normal levels. -
Maersk Sounds Alarm: Global Trade Shrinking Beyond Expectations Amid Declining Western Demand
The world's largest container ship owner and global trade "barometer", Maersk, has warned that the contraction in global trade is lasting longer and is more severe than anticipated, with demand in Europe and America on a downtrend, indicating potential challenges ahead. 
The world's largest container ship owner and global trade "barometer", Maersk, has warned that the contraction in global trade is lasting longer and is more severe than anticipated, with demand in Europe and America on a downtrend, indicating potential challenges ahead. -
Trump's Strategy Amid 78 Charges: One More Lawsuit, One More Election Victory?
The number of criminal lawsuits involving former U.S. President Donald Trump continues to pile up. After facing charges related to hush-money payments in New York and over confidential files from Mar-a-Lago by the U.S. Department of Justice, Trump is once again under indictment, this time for attempting to overturn the 2020 election results. On August 3, Trump appeared at the federal court in Washington, D.C., refusing to plead guilty to four counts. 
The number of criminal lawsuits involving former U.S. President Donald Trump continues to pile up. After facing charges related to hush-money payments in New York and over confidential files from Mar-a-Lago by the U.S. Department of Justice, Trump is once again under indictment, this time for attempting to overturn the 2020 election results. On August 3, Trump appeared at the federal court in Washington, D.C., refusing to plead guilty to four counts.
