Jonathan Wong
The Latest
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Vance Confident in TikTok Deal by April 5, Trump Resists Extension
Vice President J.D. Vance expressed confidence Friday that a deal to transfer TikTok's U.S. operations to American ownership would be largely in place by the April 5 deadline set by the Trump administration. The announcement comes amid growing speculation over potential buyers and concerns over national security risks associated with the app's Chinese parent company, ByteDance. 
Vice President J.D. Vance expressed confidence Friday that a deal to transfer TikTok's U.S. operations to American ownership would be largely in place by the April 5 deadline set by the Trump administration. The announcement comes amid growing speculation over potential buyers and concerns over national security risks associated with the app's Chinese parent company, ByteDance. -
Trump Family Explores Binance Deal as Founder Seeks Pardon
Representatives of former President Donald Trump's family have engaged in discussions to acquire a financial stake in Binance.US, the American arm of the world's largest cryptocurrency exchange, according to a report from The Wall Street Journal on Thursday. 
Representatives of former President Donald Trump's family have engaged in discussions to acquire a financial stake in Binance.US, the American arm of the world's largest cryptocurrency exchange, according to a report from The Wall Street Journal on Thursday. -
Spirit Airlines Exits Bankruptcy, Eyes Growth as Southwest Shifts Strategy
Spirit Airlines has officially emerged from bankruptcy protection, completing a court-approved restructuring plan aimed at restoring financial stability. The low-cost carrier announced Wednesday that it successfully reduced its debt by approximately $795 million and secured a $350 million equity investment to support its future operations. The plan positions Spirit to remain competitive as the airline industry navigates shifting demand and economic pressures. 
Spirit Airlines has officially emerged from bankruptcy protection, completing a court-approved restructuring plan aimed at restoring financial stability. The low-cost carrier announced Wednesday that it successfully reduced its debt by approximately $795 million and secured a $350 million equity investment to support its future operations. The plan positions Spirit to remain competitive as the airline industry navigates shifting demand and economic pressures. -
Inditex Shares Drop 8% as Zara Owner Warns of Slowing Growth
Inditex, the Spanish retail giant that owns Zara, reported a slowdown in sales growth for the first quarter of 2025, sending its stock tumbling 8% on Wednesday. The company posted €11.21 billion ($12.2 billion) in fourth-quarter revenue, matching analysts' expectations, but signaled weaker demand in early 2025, raising concerns among investors about whether its rapid expansion can be sustained. 
Inditex, the Spanish retail giant that owns Zara, reported a slowdown in sales growth for the first quarter of 2025, sending its stock tumbling 8% on Wednesday. The company posted €11.21 billion ($12.2 billion) in fourth-quarter revenue, matching analysts' expectations, but signaled weaker demand in early 2025, raising concerns among investors about whether its rapid expansion can be sustained. -
Southwest Axes 60-Year 'Bags Fly Free' Policy, Targets Profitability Amid Cost-Cutting Drive
Southwest Airlines, known for nearly 60 years of allowing passengers to check bags free of charge, will eliminate that iconic perk starting May 28, 2025, marking another significant shift as the airline restructures operations under pressure from investors. 
Southwest Airlines, known for nearly 60 years of allowing passengers to check bags free of charge, will eliminate that iconic perk starting May 28, 2025, marking another significant shift as the airline restructures operations under pressure from investors. -
Delta Shares Sink 14%, Leading Airline Stock Selloff as Weak Demand Hits Profits
Shares of Delta Air Lines plunged 14% Tuesday, leading a broader selloff in airline stocks, after the carrier dramatically cut its first-quarter profit forecast, citing a sharp downturn in consumer and corporate travel spending amid mounting economic uncertainty. 
Shares of Delta Air Lines plunged 14% Tuesday, leading a broader selloff in airline stocks, after the carrier dramatically cut its first-quarter profit forecast, citing a sharp downturn in consumer and corporate travel spending amid mounting economic uncertainty. -
Kohl's Shares Tumble 17% as Retailer Forecasts Up to 7% Sales Drop in 2025
Shares of Kohl's Corp. plunged 17% in premarket trading Tuesday after the retailer forecasted a significantly weaker-than-expected sales outlook for 2025, underscoring deepening challenges for department stores amid persistent inflation and shifting consumer behavior. 
Shares of Kohl's Corp. plunged 17% in premarket trading Tuesday after the retailer forecasted a significantly weaker-than-expected sales outlook for 2025, underscoring deepening challenges for department stores amid persistent inflation and shifting consumer behavior. -
Tesla Stock Plunges 15% as Market Volatility, Musk’s Political Role Weigh on Investors
Tesla shares plunged 15% on Monday, marking their steepest single-day decline since September 2020, as the electric vehicle maker continues to struggle with market volatility, declining sales, and concerns over CEO Elon Musk's close ties to the Trump administration. The stock's extended losses have now erased more than $800 billion in market capitalization since peaking at $479.86 on December 17. 
Tesla shares plunged 15% on Monday, marking their steepest single-day decline since September 2020, as the electric vehicle maker continues to struggle with market volatility, declining sales, and concerns over CEO Elon Musk's close ties to the Trump administration. The stock's extended losses have now erased more than $800 billion in market capitalization since peaking at $479.86 on December 17. -
Tesla Struggles in Germany: Sales Drop 76% as CEO Elon Musk Faces Political Backlash
Tesla Inc. is experiencing a significant decline in its European sales, with registrations in Germany falling by 76% in February, according to the German Federal Motor Transport Authority. The sharp drop coincides with a broader slowdown in Tesla's European performance, as the company faces production disruptions, increasing competition, and backlash tied to CEO Elon Musk's political endorsements. 
Tesla Inc. is experiencing a significant decline in its European sales, with registrations in Germany falling by 76% in February, according to the German Federal Motor Transport Authority. The sharp drop coincides with a broader slowdown in Tesla's European performance, as the company faces production disruptions, increasing competition, and backlash tied to CEO Elon Musk's political endorsements. -
Target Warns of Weak Consumer Spending, Cites Tariffs and Falling Confidence
Target Corp. warned Tuesday that consumer confidence is deteriorating, weighing on sales and profits as the retailer braces for the impact of newly imposed U.S. tariffs on imports from Mexico and Canada. The company reported weaker-than-expected February sales and projected only 1% growth for the year, underscoring broader concerns about the health of U.S. consumers and the economy. 
Target Corp. warned Tuesday that consumer confidence is deteriorating, weighing on sales and profits as the retailer braces for the impact of newly imposed U.S. tariffs on imports from Mexico and Canada. The company reported weaker-than-expected February sales and projected only 1% growth for the year, underscoring broader concerns about the health of U.S. consumers and the economy.
