Jonathan Wong
The Latest
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Federal Reserve Hikes Interest Rates, Hints at End of Tightening Cycle
On Wednesday, the Federal Reserve raised interest rates for the tenth time in just over a year, hinting that the current tightening cycle may be drawing to a close 
On Wednesday, the Federal Reserve raised interest rates for the tenth time in just over a year, hinting that the current tightening cycle may be drawing to a close -
Fed Anticipated to Raise Rates, Possibly Signal Pause in Tightening Cycle
The Federal Reserve is predicted to increase interest rates on Wednesday, potentially indicating a pause in its 14-month tightening cycle. Policymakers must weigh the necessity to curb inflation against an array of pressing risks, from bank failures to the potential U.S. debt default as early as next month. 
The Federal Reserve is predicted to increase interest rates on Wednesday, potentially indicating a pause in its 14-month tightening cycle. Policymakers must weigh the necessity to curb inflation against an array of pressing risks, from bank failures to the potential U.S. debt default as early as next month. -
AI Pioneer Geoffrey Hinton Departs Google to Caution Society on AI Dangers
Geoffrey Hinton, a renowned figure in the artificial intelligence (AI) community, known as "The Godfather of AI," has left Google after a decade to raise awareness about the potential dangers of AI. Hinton, who earned his Ph.D. in AI 45 years ago, previously believed the AI threat was 30 to 50 years away or even longer but has since revised his outlook. 
Geoffrey Hinton, a renowned figure in the artificial intelligence (AI) community, known as "The Godfather of AI," has left Google after a decade to raise awareness about the potential dangers of AI. Hinton, who earned his Ph.D. in AI 45 years ago, previously believed the AI threat was 30 to 50 years away or even longer but has since revised his outlook. -
Sudden Market Plunge: US and European Stocks Plummet as Regional Bank Shares Collapse
On Tuesday, US stocks opened lower, with the three major indices all falling over 1.4%. Following the collapse of the First Republic Bank, the banking crisis continues to spread. 
On Tuesday, US stocks opened lower, with the three major indices all falling over 1.4%. Following the collapse of the First Republic Bank, the banking crisis continues to spread. -
Trump Seeks Mistrial in E. Jean Carroll's Rape Accusation and Defamation Case
Donald Trump has filed for a mistrial in the civil case in which writer E. Jean Carroll accuses him of rape and defamation, asserting that the presiding judge made a series of biased and prejudicial rulings against him. 
Donald Trump has filed for a mistrial in the civil case in which writer E. Jean Carroll accuses him of rape and defamation, asserting that the presiding judge made a series of biased and prejudicial rulings against him. -
JPMorgan Acquires Majority of First Republic Bank's Assets for $10.6 Billion
JPMorgan Chase & Co (JPM.N) announced on Monday that it will purchase the majority of First Republic Bank's (FRC.N) assets for $10.6 billion after the troubled lender was seized by regulators over the weekend. This marks the third major U.S. bank failure in two months and the largest since Washington Mutual in 2008. 
JPMorgan Chase & Co (JPM.N) announced on Monday that it will purchase the majority of First Republic Bank's (FRC.N) assets for $10.6 billion after the troubled lender was seized by regulators over the weekend. This marks the third major U.S. bank failure in two months and the largest since Washington Mutual in 2008. -
US Seizes Iranian Oil Cargo, Prompting Retaliatory Action Amid Growing Tensions
In a recent move to enforce sanctions, the US seized Iranian oil from a tanker at sea, according to three sources. In retaliation, Iran confiscated another oil-laden tanker just days later, as reported by maritime security firm Ambrey. This latest incident has heightened the ongoing tensions between Washington and Tehran, which stem from US sanctions imposed due to Iran's nuclear program. 
In a recent move to enforce sanctions, the US seized Iranian oil from a tanker at sea, according to three sources. In retaliation, Iran confiscated another oil-laden tanker just days later, as reported by maritime security firm Ambrey. This latest incident has heightened the ongoing tensions between Washington and Tehran, which stem from US sanctions imposed due to Iran's nuclear program. -
Texas Tragedy: Five Killed, Including Child, in Shooting Rampage by Armed Suspect
A deadly shooting in southeast Texas has left five people dead, including an 8-year-old, after an alleged drunk man opened fire with an AR-15 style rifle, according to authorities. The incident took place late Friday night when the San Jacinto County Sheriff's Office received a call about a harassment situation in Cleveland, Texas, as reported by ABC News. 
A deadly shooting in southeast Texas has left five people dead, including an 8-year-old, after an alleged drunk man opened fire with an AR-15 style rifle, according to authorities. The incident took place late Friday night when the San Jacinto County Sheriff's Office received a call about a harassment situation in Cleveland, Texas, as reported by ABC News. -
First Republic Bank Nears Receivership as FDIC Steps In
First Republic Bank (FRC.N) is on the brink of being placed under receivership by the U.S. Federal Deposit Insurance Corporation (FDIC), causing shares of the lender to plummet almost 50% in extended trading, according to an anonymous source familiar with the matter. 
First Republic Bank (FRC.N) is on the brink of being placed under receivership by the U.S. Federal Deposit Insurance Corporation (FDIC), causing shares of the lender to plummet almost 50% in extended trading, according to an anonymous source familiar with the matter. -
First Republic's Stock Plummets Amid Possible FDIC Receivership
First Republic Bank (FRC.N) saw its shares plummet following a CNBC report suggesting that the bank is likely to face receivership under the U.S. Federal Deposit Insurance Corporation (FDIC). This development has intensified a stock decline that has already erased 75% of the bank's value this week. 
First Republic Bank (FRC.N) saw its shares plummet following a CNBC report suggesting that the bank is likely to face receivership under the U.S. Federal Deposit Insurance Corporation (FDIC). This development has intensified a stock decline that has already erased 75% of the bank's value this week.
