Jonathan Wong
The Latest
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U.S. Job Growth Slows in July Amid Fed's Rate Hikes, Yet Labor Market Remains Tight
The U.S. economy added fewer jobs than expected in July, with nonfarm payrolls expanding by 187,000, slightly below the Dow Jones estimate of 200,000. Despite the slower growth, the labor market remains tight, with the unemployment rate falling back to 3.5%, just above the lowest level since late 1969. 
The U.S. economy added fewer jobs than expected in July, with nonfarm payrolls expanding by 187,000, slightly below the Dow Jones estimate of 200,000. Despite the slower growth, the labor market remains tight, with the unemployment rate falling back to 3.5%, just above the lowest level since late 1969. -
Fed's Final Hike: Historically Harbinger of Recession or a Market Catalyst?
What Happens After the Final Hike by the Fed? Is a recession imminent for the U.S. economy after the interest rate hike cycle ends? How will the market respond? 
What Happens After the Final Hike by the Fed? Is a recession imminent for the U.S. economy after the interest rate hike cycle ends? How will the market respond? -
Apple's Earnings Slide for Third Consecutive Quarter as iPad Revenue Plummets, Share Prices Stumble Post-Trade
Apple, the world's largest listed company with a market capitalization firmly planted at $3 trillion, released its Q3 2023 fiscal report on August 3. Despite the third fiscal quarter, spanning April to June, traditionally being Apple's slowest growth period, the tech titan's revenue of $81.8 billion exceeded forecasts of $81.6 billion. Furthermore, revenues from the Greater China region totaled $15.76 billion, significantly surpassing the anticipated $14.59 billion, causing shares to rally over 1% post-trade before falling. 
Apple, the world's largest listed company with a market capitalization firmly planted at $3 trillion, released its Q3 2023 fiscal report on August 3. Despite the third fiscal quarter, spanning April to June, traditionally being Apple's slowest growth period, the tech titan's revenue of $81.8 billion exceeded forecasts of $81.6 billion. Furthermore, revenues from the Greater China region totaled $15.76 billion, significantly surpassing the anticipated $14.59 billion, causing shares to rally over 1% post-trade before falling. -
Crypto Couple's Downfall: Guilty Plea in $4.5 Billion Bitcoin Laundering Case
In a landmark case that has gripped the world of cryptocurrency, a husband and wife duo, known as the "Bitcoin Bonnie and Clyde," have pleaded guilty to orchestrating a $4.5 billion money-laundering scheme. The scheme is linked to the 2016 hack of the Hong Kong-based crypto exchange Bitfinex, marking one of the most significant cybercrimes in the history of digital currency. 
In a landmark case that has gripped the world of cryptocurrency, a husband and wife duo, known as the "Bitcoin Bonnie and Clyde," have pleaded guilty to orchestrating a $4.5 billion money-laundering scheme. The scheme is linked to the 2016 hack of the Hong Kong-based crypto exchange Bitfinex, marking one of the most significant cybercrimes in the history of digital currency. -
Morgan Stanley Assures Rate Stability Amid Japan's Yield Curve Control Adjustments
By the end of July, an unexpected move by the Bank of Japan (BOJ) set off global market fluctuations, with the yield on the 10-year Japanese government bond facing upward pressure. 
By the end of July, an unexpected move by the Bank of Japan (BOJ) set off global market fluctuations, with the yield on the 10-year Japanese government bond facing upward pressure. -
Meta Leaps Forward in AI: Launches AudioCraft, a New AI Tool for Audio and Music Generation
On August 2, Meta rolled out a new generative AI tool, AudioCraft, aimed at audio and music creation. This tool enables users to generate music and audio based on text prompts. 
On August 2, Meta rolled out a new generative AI tool, AudioCraft, aimed at audio and music creation. This tool enables users to generate music and audio based on text prompts. -
Black Wednesday: The Triple Whammy Shakes U.S. Stock Market
The global financial market experienced a "Black Wednesday," with a comprehensive decline in the U.S. stock market. 
The global financial market experienced a "Black Wednesday," with a comprehensive decline in the U.S. stock market. -
Amazon's Biggest Shake-Up Since $13.7 Billion Whole Foods Acquisition: Fresh Produce for All, E-commerce Integration on the Horizon
Amazon is now taking serious strides towards its offline operations. Ever since its largest acquisition in company history - purchasing Whole Foods for $13.7 billion in 2017 - Amazon has never embarked on such a comprehensive overhaul of its food and sundry goods business. 
Amazon is now taking serious strides towards its offline operations. Ever since its largest acquisition in company history - purchasing Whole Foods for $13.7 billion in 2017 - Amazon has never embarked on such a comprehensive overhaul of its food and sundry goods business. -
U.S. Private Sector Flourishes with 324,000 New Jobs in July, Exceeding Expectations
In July, the U.S. private sector saw a significant surge in job numbers, adding a remarkable 324,000 jobs and exceeding all expectations, according to reports from payroll processing firm ADP and the Stanford Digital Economy Lab. This robust job growth, which surpassed the Dow Jones consensus estimate of 175,000, provides a positive outlook for the U.S. job market, even amidst the Federal Reserve's efforts to slow down the economy and curb inflation. 
In July, the U.S. private sector saw a significant surge in job numbers, adding a remarkable 324,000 jobs and exceeding all expectations, according to reports from payroll processing firm ADP and the Stanford Digital Economy Lab. This robust job growth, which surpassed the Dow Jones consensus estimate of 175,000, provides a positive outlook for the U.S. job market, even amidst the Federal Reserve's efforts to slow down the economy and curb inflation. -
Asian Tech Bubble Alert: AI Stocks in Taiwan and Battery Stocks in South Korea Take a Hit
Since the beginning of this year, AI and battery stocks have been major drivers of Taiwan's and South Korea's substantial market gains. 
Since the beginning of this year, AI and battery stocks have been major drivers of Taiwan's and South Korea's substantial market gains.
