Jonathan Wong
The Latest
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Walmart Expands Prescription Delivery Service Nationwide as CVS and Walgreens Close Hundreds of Stores
Walmart is stepping up its competition in the health care space with the launch of a new prescription delivery service that promises to bring medications directly to customers' doorsteps. As CVS and Walgreens face financial challenges and close hundreds of stores across the U.S., Walmart's latest move could reshape the pharmacy landscape by offering a more convenient, seamless shopping experience for millions of Americans. 
Walmart is stepping up its competition in the health care space with the launch of a new prescription delivery service that promises to bring medications directly to customers' doorsteps. As CVS and Walgreens face financial challenges and close hundreds of stores across the U.S., Walmart's latest move could reshape the pharmacy landscape by offering a more convenient, seamless shopping experience for millions of Americans. -
Honda Recalls 700,000 Vehicles Over Fuel Pump Leak Risk: Accord, Civic, and CR-V Models Affected
Honda has announced another significant vehicle recall, this time affecting over 700,000 cars in North America due to a potential fuel pump defect that could lead to dangerous fuel leaks. The recall, disclosed by the automaker and the National Highway Traffic Safety Administration (NHTSA), primarily impacts certain models of the Honda Accord, Civic, and CR-V from the 2023 to 2025 model years. The defect involves a high-pressure fuel pump that may crack, posing a serious fire hazard if the leak occurs near an ignition source. 
Honda has announced another significant vehicle recall, this time affecting over 700,000 cars in North America due to a potential fuel pump defect that could lead to dangerous fuel leaks. The recall, disclosed by the automaker and the National Highway Traffic Safety Administration (NHTSA), primarily impacts certain models of the Honda Accord, Civic, and CR-V from the 2023 to 2025 model years. The defect involves a high-pressure fuel pump that may crack, posing a serious fire hazard if the leak occurs near an ignition source. -
HSBC Names First Female CFO as Bank Unveils Major Overhaul, Targets Cost Reductions
HSBC, one of the world's largest banks, announced a major overhaul on Tuesday, including a significant leadership shakeup and a restructuring of its global operations aimed at simplifying the organization and improving profitability. 
HSBC, one of the world's largest banks, announced a major overhaul on Tuesday, including a significant leadership shakeup and a restructuring of its global operations aimed at simplifying the organization and improving profitability. -
GM Reports Strong Q3 Earnings, Raises Profit Forecast for Third Time Despite Union Pay Hikes
General Motors (GM) delivered stronger-than-expected third-quarter earnings on Tuesday, raising its full-year profit forecast for the third time this year. The automaker's results were buoyed by robust vehicle sales, higher transaction prices, and a renewed focus on cost-cutting initiatives. The company reported a 10% rise in revenue to $48.78 billion, far surpassing analyst estimates of $44.69 billion, and posted adjusted earnings per share (EPS) of $2.96, well above the forecasted $2.44. 
General Motors (GM) delivered stronger-than-expected third-quarter earnings on Tuesday, raising its full-year profit forecast for the third time this year. The automaker's results were buoyed by robust vehicle sales, higher transaction prices, and a renewed focus on cost-cutting initiatives. The company reported a 10% rise in revenue to $48.78 billion, far surpassing analyst estimates of $44.69 billion, and posted adjusted earnings per share (EPS) of $2.96, well above the forecasted $2.44. -
Israeli Authorities Break Up Alleged Iranian Spy Network, Arrest Seven Citizens
Israeli security agencies announced on Monday that they had dismantled an alleged Iranian spy ring operating within Israel, arresting seven citizens accused of gathering intelligence on military and energy infrastructure. The arrests, which were the result of a joint operation by the Shin Bet domestic intelligence agency and the Israeli police, have been described as one of the most serious security breaches in recent years. 
Israeli security agencies announced on Monday that they had dismantled an alleged Iranian spy ring operating within Israel, arresting seven citizens accused of gathering intelligence on military and energy infrastructure. The arrests, which were the result of a joint operation by the Shin Bet domestic intelligence agency and the Israeli police, have been described as one of the most serious security breaches in recent years. -
Boeing Faces $1 Billion Labor Deal as Striking Workers Prepare to Vote
Boeing Co. (BA.N) is on the brink of resolving a labor strike that has crippled its production for more than five weeks. However, the financial and operational costs loom large, with analysts estimating that the proposed new contract could add over $1 billion to the company's wage-related expenses over four years. The contract is set for a critical vote on Wednesday, coinciding with Boeing's third-quarter earnings report, a period already clouded by projected losses. 
Boeing Co. (BA.N) is on the brink of resolving a labor strike that has crippled its production for more than five weeks. However, the financial and operational costs loom large, with analysts estimating that the proposed new contract could add over $1 billion to the company's wage-related expenses over four years. The contract is set for a critical vote on Wednesday, coinciding with Boeing's third-quarter earnings report, a period already clouded by projected losses. -
Disney Faces Major Shakeup as Board Chair Steps Down, New CEO Search Begins
Disney is undergoing significant leadership changes, as Mark Parker, the current chairman of the board, is set to step down at the end of the year. The entertainment giant announced on Monday that James Gorman, CEO of Morgan Stanley, will take over as board chair starting in 2025. This appointment marks Disney's fourth board chair in just over three years, highlighting the company's continued efforts to navigate the turbulent media landscape. 
Disney is undergoing significant leadership changes, as Mark Parker, the current chairman of the board, is set to step down at the end of the year. The entertainment giant announced on Monday that James Gorman, CEO of Morgan Stanley, will take over as board chair starting in 2025. This appointment marks Disney's fourth board chair in just over three years, highlighting the company's continued efforts to navigate the turbulent media landscape. -
BHP Faces $47 Billion Lawsuit Over Brazilian Dam Collapse in UK High Court
A $47 billion lawsuit against BHP, the world's largest mining company, commenced at London's High Court on Monday, with lawyers representing over 600,000 Brazilian claimants accusing the company of shirking responsibility for Brazil's worst environmental disaster. The 2015 collapse of the Mariana dam, operated by BHP and Vale's joint venture Samarco, unleashed millions of cubic meters of toxic sludge, killing 19 people, displacing thousands, and causing widespread environmental devastation across southeastern Brazil. 
A $47 billion lawsuit against BHP, the world's largest mining company, commenced at London's High Court on Monday, with lawyers representing over 600,000 Brazilian claimants accusing the company of shirking responsibility for Brazil's worst environmental disaster. The 2015 collapse of the Mariana dam, operated by BHP and Vale's joint venture Samarco, unleashed millions of cubic meters of toxic sludge, killing 19 people, displacing thousands, and causing widespread environmental devastation across southeastern Brazil. -
Tesla Faces New Investigation Into Full Self-Driving Software After Fatal Crash
The National Highway Traffic Safety Administration (NHTSA) has launched a new investigation into Tesla's Full Self-Driving (FSD) technology following a series of crashes involving the automaker's vehicles. The probe, announced Friday, is focused on four incidents in which Tesla's FSD was engaged in conditions with reduced roadway visibility, such as sun glare, fog, or airborne dust. In one of these crashes, a pedestrian was struck and killed, and another incident resulted in injury. 
The National Highway Traffic Safety Administration (NHTSA) has launched a new investigation into Tesla's Full Self-Driving (FSD) technology following a series of crashes involving the automaker's vehicles. The probe, announced Friday, is focused on four incidents in which Tesla's FSD was engaged in conditions with reduced roadway visibility, such as sun glare, fog, or airborne dust. In one of these crashes, a pedestrian was struck and killed, and another incident resulted in injury. -
Spirit AeroSystems Furloughs 700 Workers Amid Ongoing Boeing Strike
Spirit AeroSystems announced on Friday that it will furlough 700 workers for 21 days as the ongoing strike by Boeing machinists continues to disrupt production. The furloughs, which will impact employees working on Boeing's 767 and 777 widebody jet programs, come amid mounting financial strain for Spirit AeroSystems, a key supplier for Boeing. The strike, which began on September 13, involves over 32,000 Boeing workers and has halted production on critical aircraft programs. 
Spirit AeroSystems announced on Friday that it will furlough 700 workers for 21 days as the ongoing strike by Boeing machinists continues to disrupt production. The furloughs, which will impact employees working on Boeing's 767 and 777 widebody jet programs, come amid mounting financial strain for Spirit AeroSystems, a key supplier for Boeing. The strike, which began on September 13, involves over 32,000 Boeing workers and has halted production on critical aircraft programs.
