Jonathan Wong
The Latest
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Kenvue, J&J's Consumer-health Spinoff, Soars 20% on First Day of Trading in Largest US IPO Since 2021
The largest US IPO in a year and a half arrived Thursday, May 4, as Johnson & Johnson's wholly-owned consumer health subsidiary Kenvue went public in the United States. Kenvue's shares opened at $25.53 and continued to rise, reaching an intraday high of $26.40, up 20% at one point. 
The largest US IPO in a year and a half arrived Thursday, May 4, as Johnson & Johnson's wholly-owned consumer health subsidiary Kenvue went public in the United States. Kenvue's shares opened at $25.53 and continued to rise, reaching an intraday high of $26.40, up 20% at one point. -
US Clarifies Defense Commitments to Philippines Amid South China Sea Tensions
In a first since the 1951 signing of the Mutual Defense Treaty, the United States has issued specific "bilateral defense guidelines" to the Philippines, outlining its commitment to defend the Southeast Asian nation in case of attacks in the South China Sea, including those targeting its coast guard. 
In a first since the 1951 signing of the Mutual Defense Treaty, the United States has issued specific "bilateral defense guidelines" to the Philippines, outlining its commitment to defend the Southeast Asian nation in case of attacks in the South China Sea, including those targeting its coast guard. -
US Markets Overview: Stocks Drop as Fed Rate Path Remains Uncertain and Another Regional Bank Teeters on the Brink
US stock indices collectively fell on Wednesday as the Federal Reserve raised interest rates as expected, but Chairman Jerome Powell's comments raised doubts among investors, dampening market risk appetite. 
US stock indices collectively fell on Wednesday as the Federal Reserve raised interest rates as expected, but Chairman Jerome Powell's comments raised doubts among investors, dampening market risk appetite. -
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.
