Jonathan Wong
The Latest
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Disney CTO Aaron LaBerge Exits for Penn Entertainment Amid Strategic Shakeup
Aaron LaBerge, the Chief Technology Officer for Disney Entertainment and ESPN, has announced his departure from the company to take up a new role at Penn Entertainment. The move, described by LaBerge as a "personal decision driven by the needs of my family," marks a significant transition for both Disney and LaBerge, as Disney continues to navigate a period of high-level executive changes. 
Aaron LaBerge, the Chief Technology Officer for Disney Entertainment and ESPN, has announced his departure from the company to take up a new role at Penn Entertainment. The move, described by LaBerge as a "personal decision driven by the needs of my family," marks a significant transition for both Disney and LaBerge, as Disney continues to navigate a period of high-level executive changes. -
Express to Shut Down Over 100 Stores Following Bankruptcy Filing
Express Inc., a well-known fashion retailer, announced it has filed for Chapter 11 bankruptcy protection as it grapples with longstanding challenges in merchandise appeal and intense competition in the fast-fashion sector. The Columbus, Ohio-based company, which has been a fixture in American malls since 1980, disclosed plans to close 95 of its more than 500 Express stores across the United States and all of its 10 UpWest locations. 
Express Inc., a well-known fashion retailer, announced it has filed for Chapter 11 bankruptcy protection as it grapples with longstanding challenges in merchandise appeal and intense competition in the fast-fashion sector. The Columbus, Ohio-based company, which has been a fixture in American malls since 1980, disclosed plans to close 95 of its more than 500 Express stores across the United States and all of its 10 UpWest locations. -
Brightline West Breaks Ground on Pioneering High-Speed Rail Between Las Vegas and Los Angeles
The ambitious construction of America's first true high-speed rail line between Los Angeles and Las Vegas officially commenced this Monday, signaling a major leap forward in U.S. transportation. Spearheaded by Brightline West, the $12 billion project promises to drastically reduce travel time between these two iconic cities, offering a swift, two-hour journey across the Mojave Desert. 
The ambitious construction of America's first true high-speed rail line between Los Angeles and Las Vegas officially commenced this Monday, signaling a major leap forward in U.S. transportation. Spearheaded by Brightline West, the $12 billion project promises to drastically reduce travel time between these two iconic cities, offering a swift, two-hour journey across the Mojave Desert. -
Tesla and Li Auto Slash EV Prices Amid Intensifying Competition in China and Global Markets
Tesla shares sank in premarket trading on Monday, while China's Li Auto plummeted to an 11-month low, after both companies slashed prices of their electric vehicles (EVs) in various markets amid intense competition. The price cuts come as EV makers face declining sales and growing competition, particularly in China, the world's largest EV market. 
Tesla shares sank in premarket trading on Monday, while China's Li Auto plummeted to an 11-month low, after both companies slashed prices of their electric vehicles (EVs) in various markets amid intense competition. The price cuts come as EV makers face declining sales and growing competition, particularly in China, the world's largest EV market. -
Tesla Initiates Recall of Nearly 4,000 Cybertrucks Over Faulty Accelerator Issue
Tesla has issued a recall for 3,878 of its Cybertrucks due to a fault in the accelerator pedal that could potentially cause the vehicle to accelerate unintentionally. The recall, announced by the U.S. National Highway Traffic Safety Administration (NHTSA), highlights a defect where the accelerator pedal pad could come loose and become lodged in the vehicle's interior trim, posing a significant risk of crashes. 
Tesla has issued a recall for 3,878 of its Cybertrucks due to a fault in the accelerator pedal that could potentially cause the vehicle to accelerate unintentionally. The recall, announced by the U.S. National Highway Traffic Safety Administration (NHTSA), highlights a defect where the accelerator pedal pad could come loose and become lodged in the vehicle's interior trim, posing a significant risk of crashes. -
Netflix Gains 9.3 Million Subscribers in Q1 2023, Beating Expectations Amid Strategy Shift
Netflix, the dominant player in the streaming industry, added more than 9 million subscribers in the first three months of the year, hitting a record high of 269.6 million subscribers. This growth comes as the company adjusts its streaming strategy, making risky bets such as pushing users who share passwords to create their own accounts and expanding into new areas like live sports, video games, and ad-supported content. 
Netflix, the dominant player in the streaming industry, added more than 9 million subscribers in the first three months of the year, hitting a record high of 269.6 million subscribers. This growth comes as the company adjusts its streaming strategy, making risky bets such as pushing users who share passwords to create their own accounts and expanding into new areas like live sports, video games, and ad-supported content. -
Trump Media Shares Surge Despite Volatile Market Performance
Shares of Trump Media & Technology Group experienced a notable surge this past week, climbing 26% on Thursday following a 15% increase on Wednesday. 
Shares of Trump Media & Technology Group experienced a notable surge this past week, climbing 26% on Thursday following a 15% increase on Wednesday. -
Google Dismisses 28 Employees Over Protests Against $1.2 Billion Israeli Cloud Contract
Google has terminated 28 employees who were involved in protests against the company's $1.2 billion contract with the Israeli government. This contract, known as Project Nimbus, involves providing cloud and artificial intelligence services to Israeli government and military entities. 
Google has terminated 28 employees who were involved in protests against the company's $1.2 billion contract with the Israeli government. This contract, known as Project Nimbus, involves providing cloud and artificial intelligence services to Israeli government and military entities. -
Micron to Receive Over $6 Billion in U.S. Grants for Chip Manufacturing Expansion - Report
Micron Technology Inc., a leading U.S. memory chip manufacturer, is on the verge of receiving a significant financial boost from the U.S. government, with more than $6 billion in grants slated to support its domestic semiconductor factory projects. This move is part of a broader federal effort under the 2022 Chips and Science Act to revitalize American chip manufacturing and reduce dependency on foreign supply chains. 
Micron Technology Inc., a leading U.S. memory chip manufacturer, is on the verge of receiving a significant financial boost from the U.S. government, with more than $6 billion in grants slated to support its domestic semiconductor factory projects. This move is part of a broader federal effort under the 2022 Chips and Science Act to revitalize American chip manufacturing and reduce dependency on foreign supply chains. -
ASML's Weak Q1 Bookings Drag Semiconductor Stocks Lower Despite Resilient China Sales
ASML, the Dutch semiconductor equipment giant and a key supplier to the world's top chip manufacturers, reported weaker-than-expected first-quarter new bookings on Wednesday, sending shockwaves through the semiconductor industry and dragging down the stocks of major chipmakers. Despite the disappointing bookings, ASML's sales to China remained strong, even in the face of U.S.-led export restrictions aimed at curbing Beijing's military capabilities. 
ASML, the Dutch semiconductor equipment giant and a key supplier to the world's top chip manufacturers, reported weaker-than-expected first-quarter new bookings on Wednesday, sending shockwaves through the semiconductor industry and dragging down the stocks of major chipmakers. Despite the disappointing bookings, ASML's sales to China remained strong, even in the face of U.S.-led export restrictions aimed at curbing Beijing's military capabilities.
