Jonathan Wong
The Latest
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CVS Stock Jumps 10% as Strong Earnings Beat Offsets Insurance Unit Losses
CVS Health reported stronger-than-expected fourth-quarter earnings Wednesday, with revenue surpassing Wall Street estimates despite ongoing challenges in its insurance unit. Shares of the retail pharmacy giant surged 10% in premarket trading as investors reacted positively to the earnings beat and the company's reaffirmed full-year profit outlook. 
CVS Health reported stronger-than-expected fourth-quarter earnings Wednesday, with revenue surpassing Wall Street estimates despite ongoing challenges in its insurance unit. Shares of the retail pharmacy giant surged 10% in premarket trading as investors reacted positively to the earnings beat and the company's reaffirmed full-year profit outlook. -
Egg Shortage Worsens: Costco, Trader Joe’s, and Kroger Restrict Sales as Prices Climb
Egg prices are soaring across the United States, prompting major grocery chains-including Trader Joe's, Kroger, Costco, and Whole Foods-to impose purchasing limits as the country grapples with an ongoing bird flu outbreak. The restrictions come as the price of eggs jumped 36.8% in December from a year earlier, according to the Department of Agriculture (USDA), with further increases expected in 2025. 
Egg prices are soaring across the United States, prompting major grocery chains-including Trader Joe's, Kroger, Costco, and Whole Foods-to impose purchasing limits as the country grapples with an ongoing bird flu outbreak. The restrictions come as the price of eggs jumped 36.8% in December from a year earlier, according to the Department of Agriculture (USDA), with further increases expected in 2025. -
BYD Shares Surge as Automaker Rolls Out AI-Enhanced Driver Assistance on Cars Under $10,000
Shares of Chinese electric vehicle giant BYD hit a record high on Tuesday after the automaker announced the rollout of its advanced driver-assistance system, DiPilot, across its lineup-including on a model priced below $10,000. The system will integrate artificial intelligence from DeepSeek, a rising AI startup that has drawn comparisons to OpenAI. 
Shares of Chinese electric vehicle giant BYD hit a record high on Tuesday after the automaker announced the rollout of its advanced driver-assistance system, DiPilot, across its lineup-including on a model priced below $10,000. The system will integrate artificial intelligence from DeepSeek, a rising AI startup that has drawn comparisons to OpenAI. -
Elon Musk Leads $97.4 Billion Takeover Bid for OpenAI Amid Feud With Sam Altman
Elon Musk and a coalition of investors have submitted an unsolicited $97.4 billion bid to acquire control of OpenAI, intensifying an already public and legal battle between Musk and OpenAI CEO Sam Altman over the future of artificial intelligence. The offer, first reported by The Wall Street Journal on Monday, targets the nonprofit entity that oversees OpenAI's operations. 
Elon Musk and a coalition of investors have submitted an unsolicited $97.4 billion bid to acquire control of OpenAI, intensifying an already public and legal battle between Musk and OpenAI CEO Sam Altman over the future of artificial intelligence. The offer, first reported by The Wall Street Journal on Monday, targets the nonprofit entity that oversees OpenAI's operations. -
McDonald’s U.S. Sales Plunge 1.4% as E. Coli Outbreak and Weak Consumer Spending Hit Revenue
McDonald's reported weaker-than-expected fourth-quarter revenue on Monday, as U.S. sales were hit by declining consumer spending and an E. coli outbreak linked to its Quarter Pounder hamburgers. The fast-food giant's global same-store sales edged up 0.4% in the quarter, surpassing Wall Street expectations of a decline, but U.S. same-store sales fell 1.4%, deeper than analysts' projected 0.6% drop. 
McDonald's reported weaker-than-expected fourth-quarter revenue on Monday, as U.S. sales were hit by declining consumer spending and an E. coli outbreak linked to its Quarter Pounder hamburgers. The fast-food giant's global same-store sales edged up 0.4% in the quarter, surpassing Wall Street expectations of a decline, but U.S. same-store sales fell 1.4%, deeper than analysts' projected 0.6% drop. -
Yum Brands Beats Estimates as Taco Bell, KFC Drive Growth, Shares Rise
Yum Brands reported fourth-quarter earnings and revenue on Thursday that exceeded Wall Street estimates, driven by strong sales at Taco Bell and international growth in its KFC division. The company's net sales increased 16% to $2.36 billion, while adjusted earnings per share came in at $1.61, slightly above analysts' expectations of $1.60. 
Yum Brands reported fourth-quarter earnings and revenue on Thursday that exceeded Wall Street estimates, driven by strong sales at Taco Bell and international growth in its KFC division. The company's net sales increased 16% to $2.36 billion, while adjusted earnings per share came in at $1.61, slightly above analysts' expectations of $1.60. -
Honeywell to Split Into Three Companies Amid Investor Pressure, Shares Drop
Honeywell announced plans on Thursday to break itself into three publicly traded companies, dismantling one of the last remaining U.S. industrial conglomerates. The move follows mounting pressure from activist investor Elliott Investment Management, which disclosed a $5 billion stake in the company late last year and urged structural changes to unlock shareholder value. 
Honeywell announced plans on Thursday to break itself into three publicly traded companies, dismantling one of the last remaining U.S. industrial conglomerates. The move follows mounting pressure from activist investor Elliott Investment Management, which disclosed a $5 billion stake in the company late last year and urged structural changes to unlock shareholder value. -
Google Drops AI Weapons Ban, Opening Door for Military Use
Google's parent company, Alphabet, has quietly removed a key restriction from its artificial intelligence (AI) principles, eliminating language that explicitly banned the use of its AI technologies for weapons development and surveillance. 
Google's parent company, Alphabet, has quietly removed a key restriction from its artificial intelligence (AI) principles, eliminating language that explicitly banned the use of its AI technologies for weapons development and surveillance. -
Alphabet Shares Drop Over 7% as AI Spending Surges, Cloud Growth Slows
Alphabet Inc. shares fell more than 7% on Wednesday, marking their worst single-day performance in over a year, after the company missed Wall Street's revenue expectations and revealed higher-than-anticipated capital expenditures aimed at bolstering its artificial intelligence (AI) infrastructure. 
Alphabet Inc. shares fell more than 7% on Wednesday, marking their worst single-day performance in over a year, after the company missed Wall Street's revenue expectations and revealed higher-than-anticipated capital expenditures aimed at bolstering its artificial intelligence (AI) infrastructure. -
Walmart Cuts Hundreds of Jobs, Closes North Carolina Office in Workforce Shakeup
Walmart Inc., the nation's largest private employer, is cutting hundreds of jobs and closing an office in Charlotte, North Carolina, as part of a broader effort to consolidate its corporate workforce in Arkansas and California. The move follows a company-wide strategy shift to bring more employees back to in-person work at its key hubs. 
Walmart Inc., the nation's largest private employer, is cutting hundreds of jobs and closing an office in Charlotte, North Carolina, as part of a broader effort to consolidate its corporate workforce in Arkansas and California. The move follows a company-wide strategy shift to bring more employees back to in-person work at its key hubs.
