Jonathan Wong
The Latest
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Elon Musk Turns Down Trump's Offer to Buy Truth Social Amid Secret Negotiations
Former President Donald Trump reached out to tech mogul Elon Musk with a proposition that could have altered the social media landscape: the acquisition of Trump's own platform, Truth Social, by Musk. Despite Trump's efforts, this overture toward Musk, known for his leadership at Tesla, SpaceX, xAI, and the social networking site X, didn't result in a transaction. Former President Donald Trump reached out to tech mogul Elon Musk with a proposition that could have altered the social media landscape: the acquisition of Trump's own platform, Truth Social, by Musk. Despite Trump's efforts, this overture toward Musk, known for his leadership at Tesla, SpaceX, xAI, and the social networking site X, didn't result in a transaction. -
Europe's AI Act Classifies Technology by Risk, Bans Certain Uses, and Targets Generative AI
The European Union's parliament on Wednesday approved the world's first comprehensive set of regulations governing artificial intelligence, known as the AI Act. The groundbreaking legislation, which passed with 523 votes in favor, 46 against, and 49 abstentions, is expected to set a global standard for AI regulation and pave the way for other countries to follow suit. The European Union's parliament on Wednesday approved the world's first comprehensive set of regulations governing artificial intelligence, known as the AI Act. The groundbreaking legislation, which passed with 523 votes in favor, 46 against, and 49 abstentions, is expected to set a global standard for AI regulation and pave the way for other countries to follow suit. -
Toyota Leads Japan's Biggest Wage Hikes in 25 Years, Paving Way for BOJ Policy Shift
Toyota Motor has agreed to give its factory workers their biggest pay increase in 25 years. Toyota Motor has agreed to give its factory workers their biggest pay increase in 25 years. -
Dollar Tree Announces Store Closures and Downbeat Financial Results
Dollar Tree, the Virginia-based discount retailer, has unveiled plans to significantly downsize its operations by closing nearly 1,000 of its Family Dollar stores. Dollar Tree, the Virginia-based discount retailer, has unveiled plans to significantly downsize its operations by closing nearly 1,000 of its Family Dollar stores. -
Boeing Fails 33 Out of 89 Tests During FAA's Six-Week Audit of 737 Max Production
A six-week audit conducted by the U.S. Federal Aviation Administration (FAA) has uncovered numerous problems at facilities owned by Boeing and one of its key suppliers, Spirit AeroSystems. A six-week audit conducted by the U.S. Federal Aviation Administration (FAA) has uncovered numerous problems at facilities owned by Boeing and one of its key suppliers, Spirit AeroSystems. -
United Airlines Faces Another Emergency Landing Due to Maintenance Issue, Marks Fifth Incident in a Week
A United Airlines flight bound for San Francisco from Australia was forced to make an unexpected return to Sydney after encountering what the airline described as a "maintenance issue," marking the latest in a series of unsettling events for the carrier. A United Airlines flight bound for San Francisco from Australia was forced to make an unexpected return to Sydney after encountering what the airline described as a "maintenance issue," marking the latest in a series of unsettling events for the carrier. -
Airbnb Implements Total Ban on Indoor Security Cameras to Enhance Guest Privacy
Airbnb announced on Monday a comprehensive ban on the use of indoor security cameras within its listings. The decision marks a departure from the platform's previous stance, which permitted cameras in common areas such as living rooms and hallways, provided they were disclosed upfront in the listing details. Airbnb announced on Monday a comprehensive ban on the use of indoor security cameras within its listings. The decision marks a departure from the platform's previous stance, which permitted cameras in common areas such as living rooms and hallways, provided they were disclosed upfront in the listing details. -
Your Car May Be Secretly Recording Your Driving Habits and Sharing Data with Insurance Companies, Leading to Higher Car Insurance Rates
Internet-connected vehicles are gathering data on driving habits and sharing that information with data brokers, which in turn work with insurance companies to create personalized coverage, according to a recent report from The New York Times. This practice has raised concerns about privacy and the potential for increased insurance costs for consumers. Internet-connected vehicles are gathering data on driving habits and sharing that information with data brokers, which in turn work with insurance companies to create personalized coverage, according to a recent report from The New York Times. This practice has raised concerns about privacy and the potential for increased insurance costs for consumers. -
The Body Shop Closes U.S. Stores Following Bankruptcy, UK and Canada Stores to Follow
The Body Shop, a pioneer in ethically sourced beauty products, has announced the closure of its operations in the United States after filing for Chapter 7 bankruptcy in New York. This decision marks a significant retreat for the U.K.-based chain, which had been grappling with financial difficulties across its global operations. The bankruptcy filing signals the company's move to liquidate certain assets to repay creditors, underscoring the depth of its financial woes. The Body Shop, a pioneer in ethically sourced beauty products, has announced the closure of its operations in the United States after filing for Chapter 7 bankruptcy in New York. This decision marks a significant retreat for the U.K.-based chain, which had been grappling with financial difficulties across its global operations. The bankruptcy filing signals the company's move to liquidate certain assets to repay creditors, underscoring the depth of its financial woes. -
Reddit Targets $748 Million in Landmark IPO - Report
Reddit Inc., the renowned social media platform, is gearing up for one of the most anticipated initial public offerings (IPOs) of the year, aiming to raise up to $748 million, according to Bloomberg News. Reddit Inc., the renowned social media platform, is gearing up for one of the most anticipated initial public offerings (IPOs) of the year, aiming to raise up to $748 million, according to Bloomberg News.