Jonathan Wong

Jonathan Wong

The Latest

  • U.S. Debt Ceiling Negotiations Hit Roadblock as Republican Negotiators Abruptly Exit, Leading to Wider Losses in U.S. Stocks
    White House
    Negotiations on the U.S. debt ceiling hit a stumbling block as Republican negotiators suddenly walked away, causing U.S. stock markets to widen their losses during Friday trading.
  • Embarrassment Looms Over Biden Administration Following Blunders on Multiple Fronts"
    IN HOT SEAT
    The Biden administration has had to walk back recent assertions about a drone strike in Syria, causing an embarrassing reversal for the U.S. government, according to a senior defense official who spoke with Fox News.
  • President Biden's Finances Unveiled: 23 Bank Accounts and Modest Memoir Royalties, White House Discloses
    PRESSURE
    The White House recently released President Joe Biden's financial disclosures, revealing he maintains 23 bank accounts holding between $250,000 and $1 million each, according to Radar Online.
  • Obama Voices Alarm Over Media Polarization Impacting Perception of Truth
    Barack Obama, Michelle Obama
    Former U.S. President Barack Obama recently aired his apprehensions about the current state of the nation, despite having concluded his presidential term in January 2017. His primary concern revolves around the extreme division within the media and its impact on public discourse.
  • Potential Debt Ceiling Breakthrough: Biden and McCarthy Find Common Ground Amid Economic Threats
    REJECT MAGA
    The United States President, Joe Biden, and House Republican Leader Kevin McCarthy have given some hope of reaching an agreement to prevent a looming U.S. debt default, with Biden curtailing an Asia trip due to the impending economic crisis.
  • Kenvue, J&J's Consumer-health Spinoff, Soars 20% on First Day of Trading in Largest US IPO Since 2021
    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.
  • US Clarifies Defense Commitments to Philippines Amid South China Sea Tensions
    South China Sea
    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
    Dow Jones Industrial Average
    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
    Federal Trade Commission
    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
    Federal Reserve Chair Jerome Powell.
    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.
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