Jonathan Wong
The Latest
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Adidas Warns U.S. Consumers Face Higher Prices as Trump Tariffs Pressure Profits
Adidas AG warned Tuesday that it would raise prices on all its U.S. products as a result of steep tariffs imposed by President Donald Trump, even as the German sportswear giant reported stronger-than-expected first-quarter earnings. 
Adidas AG warned Tuesday that it would raise prices on all its U.S. products as a result of steep tariffs imposed by President Donald Trump, even as the German sportswear giant reported stronger-than-expected first-quarter earnings. -
Amazon Denies Plans to Display U.S. Tariff Costs Amid White House Criticism
Amazon denied on Tuesday that it planned to disclose the cost that U.S. tariffs imposed by President Donald Trump were adding to its product prices, pushing back against a report that had sparked criticism from the White House. 
Amazon denied on Tuesday that it planned to disclose the cost that U.S. tariffs imposed by President Donald Trump were adding to its product prices, pushing back against a report that had sparked criticism from the White House. -
Novo Nordisk Expands Wegovy Access Through Telehealth as Hims & Hers Shares Surge 30%
Novo Nordisk announced Tuesday it will partner with telehealth providers Hims & Hers Health, Ro, and LifeMD to sell its blockbuster weight-loss drug Wegovy, aiming to widen access now that supply shortages have eased in the United States. 
Novo Nordisk announced Tuesday it will partner with telehealth providers Hims & Hers Health, Ro, and LifeMD to sell its blockbuster weight-loss drug Wegovy, aiming to widen access now that supply shortages have eased in the United States. -
General Motors Warns Tariffs Could Hit 2025 Outlook Despite First-Quarter Profit Beat
General Motors is reassessing its 2025 financial outlook amid growing uncertainty over new auto tariffs imposed by President Donald Trump, despite posting stronger-than-expected first-quarter earnings. 
General Motors is reassessing its 2025 financial outlook amid growing uncertainty over new auto tariffs imposed by President Donald Trump, despite posting stronger-than-expected first-quarter earnings. -
UPS to Cut 20,000 Jobs and Shut 73 Buildings After Profit Tops Estimates Amid Tariff Pressures
United Parcel Service said Tuesday it plans to cut about 20,000 jobs and close 73 buildings by the end of June as part of a sweeping cost-reduction effort aimed at saving $3.5 billion in 2025, even as its first-quarter profit topped Wall Street estimates. 
United Parcel Service said Tuesday it plans to cut about 20,000 jobs and close 73 buildings by the end of June as part of a sweeping cost-reduction effort aimed at saving $3.5 billion in 2025, even as its first-quarter profit topped Wall Street estimates. -
Temu Slaps 145% Import Charges on U.S. Shoppers Following Trump Tariffs
Chinese online retailer Temu has sharply raised prices for U.S. customers by imposing import charges of roughly 145%, following the Trump administration's new round of tariffs on Chinese goods. The sudden price hikes have stunned shoppers, in some cases more than doubling the cost of popular items. 
Chinese online retailer Temu has sharply raised prices for U.S. customers by imposing import charges of roughly 145%, following the Trump administration's new round of tariffs on Chinese goods. The sudden price hikes have stunned shoppers, in some cases more than doubling the cost of popular items. -
IBM Commits $150 Billion to U.S. Tech Expansion, Including $30 Billion for Quantum Computer Manufacturing
International Business Machines Corp. announced Monday it will invest $150 billion in the United States over the next five years, including more than $30 billion specifically earmarked for boosting domestic manufacturing of quantum computers and mainframe systems. 
International Business Machines Corp. announced Monday it will invest $150 billion in the United States over the next five years, including more than $30 billion specifically earmarked for boosting domestic manufacturing of quantum computers and mainframe systems. -
Ant Group to Buy 50.55% Stake in Bright Smart Securities for $362 Million to Expand Financial Services
Ant Group, the fintech affiliate of Alibaba Group, announced Friday it is acquiring a 50.55% controlling stake in Bright Smart Securities & Commodities Group for HK$2.81 billion ($362 million), marking its first direct entry into the brokerage business. 
Ant Group, the fintech affiliate of Alibaba Group, announced Friday it is acquiring a 50.55% controlling stake in Bright Smart Securities & Commodities Group for HK$2.81 billion ($362 million), marking its first direct entry into the brokerage business. -
Cheap Goods No More: Shein and Temu Raise Prices Before U.S. Tariffs Kick In
Shein and Temu raised prices on Friday ahead of sweeping new tariffs targeting Chinese imports, as American consumers brace for cost increases on popular low-cost goods. The price hikes come days before the May 2 expiration of the "de minimis" exemption, a rule that has allowed items under $800 to enter the U.S. without tariffs. 
Shein and Temu raised prices on Friday ahead of sweeping new tariffs targeting Chinese imports, as American consumers brace for cost increases on popular low-cost goods. The price hikes come days before the May 2 expiration of the "de minimis" exemption, a rule that has allowed items under $800 to enter the U.S. without tariffs. -
China EV Giant BYD Sees First-Quarter Earnings Surge 100% as Sales Top 1 Million Units
Chinese electric vehicle leader BYD reported a 100.4% jump in net income for the first quarter of 2025, earning RMB 9.16 billion ($1.26 billion) as the company accelerates a competitive push in China's rapidly evolving new energy vehicle (NEV) market. 
Chinese electric vehicle leader BYD reported a 100.4% jump in net income for the first quarter of 2025, earning RMB 9.16 billion ($1.26 billion) as the company accelerates a competitive push in China's rapidly evolving new energy vehicle (NEV) market.
