Jonathan Wong
The Latest
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X Corp, Formerly Twitter, Threatens Legal Action Against Anti-Hate Research Nonprofit
In a recent development, X Corp, previously known as Twitter, has threatened to sue the Center for Countering Digital Hate (CCDH), a British research nonprofit. The social media giant alleges that the CCDH has made "inflammatory, outrageous, and false or misleading assertions" about the company, suggesting a conspiracy to drive advertisers away from the platform. 
In a recent development, X Corp, previously known as Twitter, has threatened to sue the Center for Countering Digital Hate (CCDH), a British research nonprofit. The social media giant alleges that the CCDH has made "inflammatory, outrageous, and false or misleading assertions" about the company, suggesting a conspiracy to drive advertisers away from the platform. -
Global Investment Dynamics Poised for Fundamental Shift Following 'Surprise' Move by Bank of Japan
With the sole central bank globally implementing an ultra-loose policy now showing signs of hawkishness, the world's financial markets have consequently been sent into a spin. Analysts suggest that the Bank of Japan's (BOJ) latest decision paves the way for a potential shift in Japan's status and a fundamental change in global investment flows. 
With the sole central bank globally implementing an ultra-loose policy now showing signs of hawkishness, the world's financial markets have consequently been sent into a spin. Analysts suggest that the Bank of Japan's (BOJ) latest decision paves the way for a potential shift in Japan's status and a fundamental change in global investment flows. -
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%.
