Jonathan Wong
The Latest
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VinFast, Vietnam's EV Champion, Breaks Ground on First US Factory and Gains Approval for US Listing
On Friday, July 28, Vietnamese new energy vehicle company VinFast announced the groundbreaking of its electric vehicle manufacturing base in North Carolina, U.S., signaling a significant milestone in the company's global expansion and North American supply chain development after some delay. 
On Friday, July 28, Vietnamese new energy vehicle company VinFast announced the groundbreaking of its electric vehicle manufacturing base in North Carolina, U.S., signaling a significant milestone in the company's global expansion and North American supply chain development after some delay. -
Goldman Sachs CEO Faces Setback as Key Asset Management Business Sees Wave of Executive Resignations
Goldman Sachs CEO David Solomon is facing new challenges as a wave of resignations hit the management of the bank's shining star of the second quarter-its asset management business. 
Goldman Sachs CEO David Solomon is facing new challenges as a wave of resignations hit the management of the bank's shining star of the second quarter-its asset management business. -
Bank of Japan's Sudden Policy Shift Sends Tremors Through Global Markets
In a move that has sent ripples through the bond and currency markets, the Bank of Japan (BOJ) subtly adjusted its language today. 
In a move that has sent ripples through the bond and currency markets, the Bank of Japan (BOJ) subtly adjusted its language today. -
Intel Reclaims its Throne: Chip King Roars Back in AI Battle with Surprising Q2 Results
Intel was the first chip giant to release its Q2 financial results this year. Earlier this week, both Microsoft and Alphabet, Google's parent company, released their quarterly reports, with artificial intelligence (AI) being the focal point of investor interest. Investors were also eager to decipher from Intel's report the potential impact of AI on this chip giant's future. 
Intel was the first chip giant to release its Q2 financial results this year. Earlier this week, both Microsoft and Alphabet, Google's parent company, released their quarterly reports, with artificial intelligence (AI) being the focal point of investor interest. Investors were also eager to decipher from Intel's report the potential impact of AI on this chip giant's future. -
A Rebound on the Horizon? Global Chip Makers from Intel to Samsung Signal an Upturn
Recently, global chip manufacturers, including Intel, Samsung Electronics, SK Hynix, and Micron, have all indicated signs of a chip demand recovery in the second half of the year. 
Recently, global chip manufacturers, including Intel, Samsung Electronics, SK Hynix, and Micron, have all indicated signs of a chip demand recovery in the second half of the year. -
US Regulators Propose Sweeping Capital Requirements Hike for Top Eight Banks, Regional Banks Not Spared
They are seeking public comments until November 30th, after which another vote must be conducted to finalize the plan. The implementation of the reform measures could take several years, potentially up until June 2028. 
They are seeking public comments until November 30th, after which another vote must be conducted to finalize the plan. The implementation of the reform measures could take several years, potentially up until June 2028. -
Intel Surpasses Q2 Earnings Expectations and Forecasts Robust Q3; Stock Soars Over 7% After Hours
The report revealed a 15% year-over-year drop in Intel's Q2 revenue to $12.9 billion, exceeding market expectations of $12.02 billion. The gross margin for the second quarter slipped 0.7 percentage points from the previous year to 35.8%. Earnings per share for the quarter were 35 cents, with a 54% decrease to 13 cents per share on a non-GAAP basis. 
The report revealed a 15% year-over-year drop in Intel's Q2 revenue to $12.9 billion, exceeding market expectations of $12.02 billion. The gross margin for the second quarter slipped 0.7 percentage points from the previous year to 35.8%. Earnings per share for the quarter were 35 cents, with a 54% decrease to 13 cents per share on a non-GAAP basis. -
US GDP Surges Beyond Expectations, Driven by Robust Consumer Spending
The US Department of Commerce disclosed on Thursday that the actual GDP growth rate for the second quarter was 2.4% on an annual basis, outpacing the first quarter's 2% and greatly exceeding the market forecast of 1.8%. 
The US Department of Commerce disclosed on Thursday that the actual GDP growth rate for the second quarter was 2.4% on an annual basis, outpacing the first quarter's 2% and greatly exceeding the market forecast of 1.8%. -
Energy Titans Shell and TotalEnergies Feel the Crunch: Q2 Net Profits Halved Amid Economic Uncertainties
The increasing number of central banks worldwide aggressively hiking interest rates has cast a shadow of uncertainty over the global economic growth outlook. Concerns about the global economy have taken a toll on oil prices, significantly reducing the profits of energy giants compared to the same period last year. 
The increasing number of central banks worldwide aggressively hiking interest rates has cast a shadow of uncertainty over the global economic growth outlook. Concerns about the global economy have taken a toll on oil prices, significantly reducing the profits of energy giants compared to the same period last year. -
Auto Giants Unite to Build Massive EV Charging Network in North America
The automotive giants hailing from Japan, South Korea, Europe, and North America announced the formation of a new venture in a joint statement On July 26. The company aims to establish a robust electric vehicle (EV) charging network across North America, installing at least 30,000 fast-charging stations, and looking to leverage U.S. government subsidies. If achieved as planned, this venture will create a major EV charging network, rivaling Tesla's dominant North American Charging Standard (NACS). 
The automotive giants hailing from Japan, South Korea, Europe, and North America announced the formation of a new venture in a joint statement On July 26. The company aims to establish a robust electric vehicle (EV) charging network across North America, installing at least 30,000 fast-charging stations, and looking to leverage U.S. government subsidies. If achieved as planned, this venture will create a major EV charging network, rivaling Tesla's dominant North American Charging Standard (NACS).
