Jonathan Wong
The Latest
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Restaurant Giant Yum Brands Reshapes Headquarters, Moves KFC Hub to Texa
KFC is moving its U.S. headquarters from Louisville, Kentucky, to Plano, Texas, parent company Yum Brands announced Tuesday. About 100 KFC U.S. employees will need to relocate in the coming six months, and another 90 remote workers will also be asked to move in the next year and a half. Yum, which owns KFC, Pizza Hut, Taco Bell, and The Habit Burger Grill, is consolidating two corporate campuses: Plano for KFC and Pizza Hut, and Irvine, California, for Taco Bell and The Habit Burger Grill. 
KFC is moving its U.S. headquarters from Louisville, Kentucky, to Plano, Texas, parent company Yum Brands announced Tuesday. About 100 KFC U.S. employees will need to relocate in the coming six months, and another 90 remote workers will also be asked to move in the next year and a half. Yum, which owns KFC, Pizza Hut, Taco Bell, and The Habit Burger Grill, is consolidating two corporate campuses: Plano for KFC and Pizza Hut, and Irvine, California, for Taco Bell and The Habit Burger Grill. -
Intel Stock Surges 13% as Broadcom, TSMC Consider Breakup Deals
Intel shares surged 13% on Tuesday following reports that Broadcom Inc. and Taiwan Semiconductor Manufacturing Co. (TSMC) are considering deals that could lead to the breakup of the chipmaker. The Wall Street Journal, citing people familiar with the matter, reported that Broadcom is exploring a bid for Intel's semiconductor design and marketing division, while TSMC is evaluating a stake or full acquisition of Intel's manufacturing operations. 
Intel shares surged 13% on Tuesday following reports that Broadcom Inc. and Taiwan Semiconductor Manufacturing Co. (TSMC) are considering deals that could lead to the breakup of the chipmaker. The Wall Street Journal, citing people familiar with the matter, reported that Broadcom is exploring a bid for Intel's semiconductor design and marketing division, while TSMC is evaluating a stake or full acquisition of Intel's manufacturing operations. -
Delta Flight Crash-Lands in Toronto, Flips Upside Down
A Delta Air Lines flight from Minneapolis experienced a serious incident upon landing at Toronto Pearson International Airport on Monday, with images circulating online showing the aircraft flipped upside down on a snow-covered runway. 
A Delta Air Lines flight from Minneapolis experienced a serious incident upon landing at Toronto Pearson International Airport on Monday, with images circulating online showing the aircraft flipped upside down on a snow-covered runway. -
IRS to Cut Thousands of Employees Amid Workforce Reductions, Raising Concerns for 2025 Tax Season
The Internal Revenue Service is preparing to lay off thousands of employees as part of a broader federal workforce reduction under the Trump administration, potentially straining the agency during the ongoing tax-filing season, according to multiple sources familiar with the matter. 
The Internal Revenue Service is preparing to lay off thousands of employees as part of a broader federal workforce reduction under the Trump administration, potentially straining the agency during the ongoing tax-filing season, according to multiple sources familiar with the matter. -
TSMC Considers Running Intel’s U.S. Factories After Trump Team Proposal: Report
Taiwan Semiconductor Manufacturing Co. (TSMC) is considering taking a controlling stake in Intel Corp.'s U.S. semiconductor factories at the request of officials from former President Donald Trump's administration, Bloomberg reported Friday. The proposal comes as Trump seeks to bolster domestic chip production and reduce reliance on foreign manufacturing. 
Taiwan Semiconductor Manufacturing Co. (TSMC) is considering taking a controlling stake in Intel Corp.'s U.S. semiconductor factories at the request of officials from former President Donald Trump's administration, Bloomberg reported Friday. The proposal comes as Trump seeks to bolster domestic chip production and reduce reliance on foreign manufacturing. -
JPMorgan CEO Jamie Dimon Dismisses Employee Petition Against Full-Time Office Return
JPMorgan Chase & Co. CEO Jamie Dimon has made it clear that employees unwilling to comply with the company's full return-to-office mandate should consider working elsewhere. Speaking at a recent town hall meeting, Dimon dismissed an internal petition against the policy, reportedly saying, "I don't care how many people sign that f****** petition." 
JPMorgan Chase & Co. CEO Jamie Dimon has made it clear that employees unwilling to comply with the company's full return-to-office mandate should consider working elsewhere. Speaking at a recent town hall meeting, Dimon dismissed an internal petition against the policy, reportedly saying, "I don't care how many people sign that f****** petition." -
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.
