Jonathan Wong
The Latest
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Lyft Announces Major Layoffs Exceeding 30% Days After New CEO Takes the Helm
According to media reports on Friday, US ride-hailing company Lyft is implementing a new round of significant layoffs, possibly cutting over 30% of its workforce, affecting at least 1,200 people. These layoffs may help Lyft reduce costs by 50%. 
According to media reports on Friday, US ride-hailing company Lyft is implementing a new round of significant layoffs, possibly cutting over 30% of its workforce, affecting at least 1,200 people. These layoffs may help Lyft reduce costs by 50%. -
US PMI Surpass Expectations, Boosting Stocks and Dollar
US manufacturing and services PMIs for April unexpectedly rose, pushing the composite PMI to an 11-month high and signaling renewed price pressures. Economists warn of a potential rise in CPI. Following the data release, the Dow Jones and S&P 500 turned lower, while some tech stocks rebounded with Amazon gaining over 2% and Tesla slightly recovering from Thursday's nearly 10% drop. 
US manufacturing and services PMIs for April unexpectedly rose, pushing the composite PMI to an 11-month high and signaling renewed price pressures. Economists warn of a potential rise in CPI. Following the data release, the Dow Jones and S&P 500 turned lower, while some tech stocks rebounded with Amazon gaining over 2% and Tesla slightly recovering from Thursday's nearly 10% drop. -
Declassified Video Shows UFO Over Middle Eastern Combat Zone, Pentagon Says [VIDEO]
During a Senate hearing on Wednesday, the Pentagon revealed a declassified video depicting a UFO flying above an active military zone in the Middle East last year. The footage, captured by a US military drone, shows a mysterious spherical object swiftly moving through the sky. 
During a Senate hearing on Wednesday, the Pentagon revealed a declassified video depicting a UFO flying above an active military zone in the Middle East last year. The footage, captured by a US military drone, shows a mysterious spherical object swiftly moving through the sky. -
Surge in Unemployment Benefits Claims Among High-Income Americans in Tech and Finance Sectors
Summary: According to a recent US Census Bureau survey, as of April 10th, approximately 113,800 adults from households with annual incomes of at least $200,000 received unemployment benefits in the last week, a significant increase from 18,100 claimants a year ago. 
Summary: According to a recent US Census Bureau survey, as of April 10th, approximately 113,800 adults from households with annual incomes of at least $200,000 received unemployment benefits in the last week, a significant increase from 18,100 claimants a year ago. -
Elon Musk's Starship Test Flight Ends in Explosion, Vision for Lunar and Mars Missions Unfazed
SpaceX, Elon Musk's space exploration company, experienced a setback on Thursday when its monumental Starship rocket exploded mid-air during its first integrated flight test. The 500-foot-tall rocket is designed to transport astronauts to the moon by 2025 and is part of SpaceX's long-term vision to establish human settlements on Mars. 
SpaceX, Elon Musk's space exploration company, experienced a setback on Thursday when its monumental Starship rocket exploded mid-air during its first integrated flight test. The 500-foot-tall rocket is designed to transport astronauts to the moon by 2025 and is part of SpaceX's long-term vision to establish human settlements on Mars. -
IKEA Owner Announces $2.2 Billion Investment in US Expansion to Compete with Walmart and Wayfair
Ingka Group, the owner of IKEA stores, plans to invest $2.2 billion in the United States over the next three years, marking its most significant investment in a single country. The expansion aims to attract American customers as other major retailers shutter their doors. 
Ingka Group, the owner of IKEA stores, plans to invest $2.2 billion in the United States over the next three years, marking its most significant investment in a single country. The expansion aims to attract American customers as other major retailers shutter their doors. -
US Diplomatic Convoy Attacked in Sudan amid Escalating Conflict, Blinken Confirms
US Secretary of State Antony Blinken confirmed on Tuesday that an American diplomatic convoy was targeted in an attack in Sudan, as violence continues between factions loyal to rival generals. 
US Secretary of State Antony Blinken confirmed on Tuesday that an American diplomatic convoy was targeted in an attack in Sudan, as violence continues between factions loyal to rival generals. -
Starship Rocket Launch Delayed Due to Frozen Valve, SpaceX Reschedules for April 20
SpaceX has postponed the highly anticipated debut launch of its Starship spacecraft and Super Heavy rocket, citing a frozen valve in the final minutes of countdown. The uncrewed test flight, initially planned for lift-off from SpaceX's Boca Chica, Texas "Starbase" facility, has been delayed for at least two days. 
SpaceX has postponed the highly anticipated debut launch of its Starship spacecraft and Super Heavy rocket, citing a frozen valve in the final minutes of countdown. The uncrewed test flight, initially planned for lift-off from SpaceX's Boca Chica, Texas "Starbase" facility, has been delayed for at least two days. -
US Authorities Bust Alleged Chinese 'Undercover Police Outpost' in Manhattan's Chinatown
Two New York residents, Lu Jianwang, 61, and Chen Jinping, 59, have been apprehended by US federal agents for reportedly operating a covert Chinese "police station" in Manhattan's Chinatown. 
Two New York residents, Lu Jianwang, 61, and Chen Jinping, 59, have been apprehended by US federal agents for reportedly operating a covert Chinese "police station" in Manhattan's Chinatown. -
Trumps Face $3.2 Billion Divorce Battle Amid Scandal Resurgence, Tabloid Claims
Former President Donald Trump and his wife Melania are reportedly embroiled in a $3.2 billion divorce conflict as allegations of hush money payments to a porn star resurface in headlines worldwide, according to sources speaking to The National ENQUIRER. 
Former President Donald Trump and his wife Melania are reportedly embroiled in a $3.2 billion divorce conflict as allegations of hush money payments to a porn star resurface in headlines worldwide, according to sources speaking to The National ENQUIRER.
