Jonathan Wong
The Latest
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Google Maps to Rename Gulf of Mexico to Gulf of America, Following Trump’s Executive Order
In compliance with President Donald Trump's executive actions, Google Maps will soon reflect two significant geographical name changes in the United States: the Gulf of Mexico will be renamed the Gulf of America, and Mount Denali will revert to its previous title, Mount McKinley. These changes stem from actions taken by Trump early in his presidency to honor American heritage and influence how official U.S. maps depict these notable landmarks. 
In compliance with President Donald Trump's executive actions, Google Maps will soon reflect two significant geographical name changes in the United States: the Gulf of Mexico will be renamed the Gulf of America, and Mount Denali will revert to its previous title, Mount McKinley. These changes stem from actions taken by Trump early in his presidency to honor American heritage and influence how official U.S. maps depict these notable landmarks. -
Nvidia Recovers Slightly After $595 Billion Loss, But DeepSeek’s AI Model Signals Possible Market Shift
After experiencing a historic market cap loss of $595 billion-the largest single-day drop in stock market history-Nvidia's shares have shown signs of recovery. Yet, investors remain cautious as the chipmaker's brief rebound indicates a fragile market environment. 
After experiencing a historic market cap loss of $595 billion-the largest single-day drop in stock market history-Nvidia's shares have shown signs of recovery. Yet, investors remain cautious as the chipmaker's brief rebound indicates a fragile market environment. -
U.S. Government Could Gain 50% Stake in TikTok Under New Perplexity AI Proposal
A newly revised proposal from Perplexity AI could reshape the future of TikTok in the United States, offering the U.S. government a nonvoting stake of up to 50% in the app's U.S. operations as part of a complex merger plan with ByteDance. 
A newly revised proposal from Perplexity AI could reshape the future of TikTok in the United States, offering the U.S. government a nonvoting stake of up to 50% in the app's U.S. operations as part of a complex merger plan with ByteDance. -
Shein Confirms No Chinese Cotton in U.S. Products
Fast-fashion retailer Shein confirmed it does not use cotton from China in products sold in the United States, aligning with the Uyghur Forced Labor Prevention Act (UFLPA), as revealed in written evidence submitted to a British parliamentary committee. 
Fast-fashion retailer Shein confirmed it does not use cotton from China in products sold in the United States, aligning with the Uyghur Forced Labor Prevention Act (UFLPA), as revealed in written evidence submitted to a British parliamentary committee. -
Costco Shareholders Overwhelmingly Reject Anti-DEI Proposal in Landmark Vote
Costco shareholders decisively voted down an anti-diversity, equity, and inclusion (DEI) proposal during the company's annual meeting on Thursday, with more than 98% rejecting the measure. The proposal, brought forth by the National Center for Public Policy Research, sought to mandate a report on the potential risks of the retailer's DEI policies. 
Costco shareholders decisively voted down an anti-diversity, equity, and inclusion (DEI) proposal during the company's annual meeting on Thursday, with more than 98% rejecting the measure. The proposal, brought forth by the National Center for Public Policy Research, sought to mandate a report on the potential risks of the retailer's DEI policies. -
AmEx Posts Record Card Spending, Exceeds Q4 Revenue Expectations
American Express reported better-than-expected revenue for the fourth quarter of 2024, driven by strong holiday season spending on travel and online shopping. The New York-based financial services company, which primarily serves affluent consumers, recorded revenue of $17.18 billion for the quarter ending December 31, slightly exceeding analysts' projections of $17.16 billion, according to LSEG data. 
American Express reported better-than-expected revenue for the fourth quarter of 2024, driven by strong holiday season spending on travel and online shopping. The New York-based financial services company, which primarily serves affluent consumers, recorded revenue of $17.18 billion for the quarter ending December 31, slightly exceeding analysts' projections of $17.16 billion, according to LSEG data. -
Boeing Faces $4 Billion Q4 Loss Amid Strikes, Layoffs, and Safety Challenges
Boeing is bracing for a significant $4 billion loss in the fourth quarter of 2024, capping a tumultuous year for the aerospace giant that saw a crippling machinists strike, layoffs, and ongoing safety concerns. The company also expects to report a $3.5 billion operating cash flow loss and revenue of $15.2 billion, falling short of analyst expectations. 
Boeing is bracing for a significant $4 billion loss in the fourth quarter of 2024, capping a tumultuous year for the aerospace giant that saw a crippling machinists strike, layoffs, and ongoing safety concerns. The company also expects to report a $3.5 billion operating cash flow loss and revenue of $15.2 billion, falling short of analyst expectations. -
CNN Cuts 6% of Workforce Amid $70 Million Digital Transformation Push
CNN, one of the world's most recognized news organizations, is laying off 6% of its workforce-approximately 200 employees-as part of a significant restructuring aimed at transforming the network into a digital-first operation. The move, announced on Thursday, is part of a $70 million investment by parent company Warner Bros. Discovery (WBD) to modernize CNN's offerings and position it for a future where audiences increasingly consume news online. 
CNN, one of the world's most recognized news organizations, is laying off 6% of its workforce-approximately 200 employees-as part of a significant restructuring aimed at transforming the network into a digital-first operation. The move, announced on Thursday, is part of a $70 million investment by parent company Warner Bros. Discovery (WBD) to modernize CNN's offerings and position it for a future where audiences increasingly consume news online. -
American Airlines Shares Slide After Weak Profit Forecast and Strategy Setback
American Airlines Group Inc. delivered a disappointing first-quarter earnings outlook on Thursday, forecasting a wider-than-expected loss and sending its shares tumbling more than 5%. The carrier projected an adjusted loss per share of 20 cents to 40 cents for the first three months of 2025, significantly higher than the 4-cent loss analysts had anticipated, according to LSEG data. 
American Airlines Group Inc. delivered a disappointing first-quarter earnings outlook on Thursday, forecasting a wider-than-expected loss and sending its shares tumbling more than 5%. The carrier projected an adjusted loss per share of 20 cents to 40 cents for the first three months of 2025, significantly higher than the 4-cent loss analysts had anticipated, according to LSEG data. -
Netflix to Raise Subscription Prices Following Record Subscriber Growth
Netflix announced on Tuesday that it is raising the prices of most of its subscription plans in the United States and select international markets, marking a strategic move following its most successful quarter in terms of subscriber growth. The changes, effective immediately for new members and phased in for existing ones, are part of Netflix's broader effort to capitalize on its expanding global dominance in the streaming industry. 
Netflix announced on Tuesday that it is raising the prices of most of its subscription plans in the United States and select international markets, marking a strategic move following its most successful quarter in terms of subscriber growth. The changes, effective immediately for new members and phased in for existing ones, are part of Netflix's broader effort to capitalize on its expanding global dominance in the streaming industry.
