Jonathan Wong
The Latest
-
Yellow, A Century-Old Trucking Giant, Goes Bankrupt: 30,000 Jobs Lost
One of America's oldest trucking firms, Yellow, with 99 years in operation, has declared bankruptcy, leading to the loss of 30,000 jobs. 
One of America's oldest trucking firms, Yellow, with 99 years in operation, has declared bankruptcy, leading to the loss of 30,000 jobs. -
Hermès Watches Aiming for €1 Billion Sales by 2025: Racing to Top-Tier Watchmaking Brands
By June 2023, the French luxury goods company Hermès reported a total revenue of €6.698 billion (equivalent to approximately 529.36 billion yuan) for the first half of 2023, a 29% surge when adjusted for fixed exchange rates. 
By June 2023, the French luxury goods company Hermès reported a total revenue of €6.698 billion (equivalent to approximately 529.36 billion yuan) for the first half of 2023, a 29% surge when adjusted for fixed exchange rates. -
Fed Divisions Emerge: Bowman Pushes for More Rate Hikes Amid Inflation Concerns
Rate Hike Stance: Federal Reserve Governor and current FOMC voting member Michelle Bowman reiterated her stance on Monday, emphasizing the Fed's need to continue raising interest rates to fully restore price stability. At an event, Bowman highlighted her support for the rate hike in the July meeting and anticipated further hikes to bring inflation back to normal levels. 
Rate Hike Stance: Federal Reserve Governor and current FOMC voting member Michelle Bowman reiterated her stance on Monday, emphasizing the Fed's need to continue raising interest rates to fully restore price stability. At an event, Bowman highlighted her support for the rate hike in the July meeting and anticipated further hikes to bring inflation back to normal levels. -
Maersk Sounds Alarm: Global Trade Shrinking Beyond Expectations Amid Declining Western Demand
The world's largest container ship owner and global trade "barometer", Maersk, has warned that the contraction in global trade is lasting longer and is more severe than anticipated, with demand in Europe and America on a downtrend, indicating potential challenges ahead. 
The world's largest container ship owner and global trade "barometer", Maersk, has warned that the contraction in global trade is lasting longer and is more severe than anticipated, with demand in Europe and America on a downtrend, indicating potential challenges ahead. -
Trump's Strategy Amid 78 Charges: One More Lawsuit, One More Election Victory?
The number of criminal lawsuits involving former U.S. President Donald Trump continues to pile up. After facing charges related to hush-money payments in New York and over confidential files from Mar-a-Lago by the U.S. Department of Justice, Trump is once again under indictment, this time for attempting to overturn the 2020 election results. On August 3, Trump appeared at the federal court in Washington, D.C., refusing to plead guilty to four counts. 
The number of criminal lawsuits involving former U.S. President Donald Trump continues to pile up. After facing charges related to hush-money payments in New York and over confidential files from Mar-a-Lago by the U.S. Department of Justice, Trump is once again under indictment, this time for attempting to overturn the 2020 election results. On August 3, Trump appeared at the federal court in Washington, D.C., refusing to plead guilty to four counts. -
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.
