Jonathan Wong
The Latest
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COTY Inc. Sees Management Shakeup in China Amid Corporate Transition
U.S. cosmetics giant COTY, a leading name in makeup, skincare, and fragrances, is navigating ongoing structural changes. 
U.S. cosmetics giant COTY, a leading name in makeup, skincare, and fragrances, is navigating ongoing structural changes. -
Historic Surge: U.S. 30-Year Real Yield Exceeds 2%, Highest Since 2011
The 30-year U.S. Treasury Inflation-Protected Securities (TIPS) yield surpassed 2% on Tuesday, August 15, reaching its highest point since 2011. This follows a significant spike in the 10-year yield, which climbed over 6 basis points to 1.84% on Monday - a record not seen since 2009. 
The 30-year U.S. Treasury Inflation-Protected Securities (TIPS) yield surpassed 2% on Tuesday, August 15, reaching its highest point since 2011. This follows a significant spike in the 10-year yield, which climbed over 6 basis points to 1.84% on Monday - a record not seen since 2009. -
U.S. Steel Rejects $7.3 Billion Takeover Bid from Cleveland Cliffs; Stock Skyrockets by 40%
Proposal Denied On Sunday, August 13, U.S. Steel Corporation announced that it had rejected a $7.3 billion acquisition offer from its competitor, Cleveland Cliffs, citing the latter's push for acceptance without proper due diligence. 
Proposal Denied On Sunday, August 13, U.S. Steel Corporation announced that it had rejected a $7.3 billion acquisition offer from its competitor, Cleveland Cliffs, citing the latter's push for acceptance without proper due diligence. -
NVIDIA Skyrockets as Morgan Stanley Touts & Middle East Tycoons Battle Over GPUs
In the recent U.S. stock market session, NVIDIA shares enjoyed a significant surge, closing more than 7% higher and gaining an additional 1.8% after-hours, settling at $445.57 per share. 
In the recent U.S. stock market session, NVIDIA shares enjoyed a significant surge, closing more than 7% higher and gaining an additional 1.8% after-hours, settling at $445.57 per share. -
Foxconn's Financial Forecast Cools as Smartphone Slump Continues: Q2 Results Slide and Full-Year Revenue Outlook Reduced
On Monday, August 14, Taiwan's Foxconn, the primary assembler for iPhones, unveiled its financial results for the second quarter. 
On Monday, August 14, Taiwan's Foxconn, the primary assembler for iPhones, unveiled its financial results for the second quarter. -
Inflation Concerns Surge as US Treasury Yields Near Yearly High
Inflation worries persist, causing turbulence in the U.S. Treasury market. 
Inflation worries persist, causing turbulence in the U.S. Treasury market. -
Yen Falls Below Critical 145 Mark: Is Japan Set to Intervene?
The Japanese yen has plunged below the crucial 145 threshold, marking its lowest value this year. As a result, market spectators are pondering if Japanese authorities might intervene in the exchange rate. Upcoming Japanese economic data this week could play a pivotal role in this scenario. 
The Japanese yen has plunged below the crucial 145 threshold, marking its lowest value this year. As a result, market spectators are pondering if Japanese authorities might intervene in the exchange rate. Upcoming Japanese economic data this week could play a pivotal role in this scenario. -
Trump's Surprising Crypto Assets: From Skepticism to Ethereum Holdings
Former US President Donald Trump, once a vocal critic of cryptocurrency, has been revealed to possess Ethereum assets valued up to $500,000, according to his latest financial disclosure filing. This revelation comes as a surprise to many, especially considering his past remarks on the digital currency realm. 
Former US President Donald Trump, once a vocal critic of cryptocurrency, has been revealed to possess Ethereum assets valued up to $500,000, according to his latest financial disclosure filing. This revelation comes as a surprise to many, especially considering his past remarks on the digital currency realm. -
Nvidia's Skyrocketing Valuation: A Testament to the AI Revolution or a Cause for Investor Concern?
As the AI fervor stirred up by ChatGPT dispels the "tech winter" that plagued U.S. stocks at the end of last year, tech shares in the U.S. stock market have ridden the wave, emerging as the main force propelling U.S. stock indices. Among them, Nvidia, often hailed as the "sole arms dealer of the AI era," stands out. As the AI fervor stirred up by ChatGPT dispels the "tech winter" that plagued U.S. stocks at the end of last year, tech shares in the U.S. stock market have ridden the wave, emerging as the main force propelling U.S. stock indices. Among them, Nvidia, often hailed as the "sole arms dealer of the AI era," stands out. -
U.S.-China Flight Frequency to Double: Boost in Weekly Services Starting September
Doubling Up On August 10, the U.S. Department of Transportation (DOT) issued its fifth amendment to a directive from June 2020, green-lighting Chinese airlines to further increase the number of flights between the U.S. and China. This expansion will be executed in two phases, doubling the number of weekly round-trip flights from 24 to 48. 
Doubling Up On August 10, the U.S. Department of Transportation (DOT) issued its fifth amendment to a directive from June 2020, green-lighting Chinese airlines to further increase the number of flights between the U.S. and China. This expansion will be executed in two phases, doubling the number of weekly round-trip flights from 24 to 48.
