Jonathan Wong
The Latest
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SoftBank Pumps $2 Billion Into Intel as Washington Weighs $10 Billion U.S. Stake
Intel Corp. secured a $2 billion investment from Japan's SoftBank Group on Monday, a high-profile vote of confidence in the U.S. chipmaker as it struggles to catch up in the booming market for artificial intelligence semiconductors. 
Intel Corp. secured a $2 billion investment from Japan's SoftBank Group on Monday, a high-profile vote of confidence in the U.S. chipmaker as it struggles to catch up in the booming market for artificial intelligence semiconductors. -
Air Canada Union Chief Vows Jail Over Strike as Airline Cancels Hundreds of Flights
Air Canada's operations remained crippled Monday as more than 10,000 flight attendants defied a federal order to return to work, forcing the airline to suspend third-quarter and full-year 2025 guidance and stranding hundreds of thousands of travelers at the height of the tourism season. 
Air Canada's operations remained crippled Monday as more than 10,000 flight attendants defied a federal order to return to work, forcing the airline to suspend third-quarter and full-year 2025 guidance and stranding hundreds of thousands of travelers at the height of the tourism season. -
Air Canada Braces for Extended Chaos as Flight Attendants Defy Return-to-Work Order
Air Canada's labor dispute deepened Sunday as the Canadian Union of Public Employees (CUPE) declared flight attendants would continue striking, openly defying a Canada Industrial Relations Board (CIRB) order to return to work by 2 p.m. Eastern Time. The walkout, involving more than 10,000 employees, has forced the country's largest airline to suspend operations and disrupted travel for more than 100,000 passengers a day at the peak of the summer season. Air Canada's labor dispute deepened Sunday as the Canadian Union of Public Employees (CUPE) declared flight attendants would continue striking, openly defying a Canada Industrial Relations Board (CIRB) order to return to work by 2 p.m. Eastern Time. The walkout, involving more than 10,000 employees, has forced the country's largest airline to suspend operations and disrupted travel for more than 100,000 passengers a day at the peak of the summer season. -
Air Canada Strike Grounds 700 Daily Flights, Strands 130,000 Travelers Worldwide
Air Canada suspended nearly all operations on Saturday after more than 10,000 of its flight attendants walked off the job, disrupting summer travel plans for an estimated 130,000 passengers worldwide each day. Air Canada suspended nearly all operations on Saturday after more than 10,000 of its flight attendants walked off the job, disrupting summer travel plans for an estimated 130,000 passengers worldwide each day. -
UnitedHealth Stock Soars 12% as Buffett’s $1.6 Billion Stake Sparks Broad Market Rally
UnitedHealth Group shares posted their sharpest gain in five years Friday after Warren Buffett's Berkshire Hathaway disclosed a $1.6 billion stake, sparking a wave of investor optimism in the embattled health insurer. 
UnitedHealth Group shares posted their sharpest gain in five years Friday after Warren Buffett's Berkshire Hathaway disclosed a $1.6 billion stake, sparking a wave of investor optimism in the embattled health insurer. -
Intel Stock Jumps 7% as Trump Administration Weighs Equity Stake to Boost Ohio Chip Plant
Intel shares surged Thursday following reports that the Trump administration is in talks to take an equity stake in the chipmaker, a move aimed at bolstering U.S. semiconductor production and reversing years of market losses for the company. Bloomberg and The Wall Street Journal reported that discussions center on supporting Intel's delayed Ohio chip plant and reinforcing domestic manufacturing capacity. 
Intel shares surged Thursday following reports that the Trump administration is in talks to take an equity stake in the chipmaker, a move aimed at bolstering U.S. semiconductor production and reversing years of market losses for the company. Bloomberg and The Wall Street Journal reported that discussions center on supporting Intel's delayed Ohio chip plant and reinforcing domestic manufacturing capacity. -
New York Sues Zelle Operator, Alleging $1 Billion in Consumer Fraud Losses Over Six Years
New York Attorney General Letitia James filed suit Wednesday against Early Warning Services, the operator of the Zelle payment network, alleging the platform's design flaws enabled scammers to steal more than $1 billion from consumers between 2017 and 2023. 
New York Attorney General Letitia James filed suit Wednesday against Early Warning Services, the operator of the Zelle payment network, alleging the platform's design flaws enabled scammers to steal more than $1 billion from consumers between 2017 and 2023. -
Lithium Prices Jump 8% as China’s CATL Halts Mine Supplying Up to 6% of Global Output
Lithium prices and mining stocks surged globally Monday after Chinese battery giant Contemporary Amperex Technology Co. Ltd. (CATL) suspended operations at a major mine in Jiangxi province, fueling speculation of broader supply restrictions in the world's top lithium-producing hub. 
Lithium prices and mining stocks surged globally Monday after Chinese battery giant Contemporary Amperex Technology Co. Ltd. (CATL) suspended operations at a major mine in Jiangxi province, fueling speculation of broader supply restrictions in the world's top lithium-producing hub. -
Crocs Shares Plunge 29% After Sales Warning, $90 Million Tariff Hit, and Shift Away From ‘Ugly Shoe’ Trend
Crocs Inc. shares tumbled nearly 30% Thursday, marking their steepest one-day drop since 2011, after the company warned of a revenue decline in the third quarter and outlined a significant hit from U.S. tariffs. The Colorado-based footwear maker said it expects sales to fall between 9% and 11% from a year earlier, missing analysts' expectations for modest growth. 
Crocs Inc. shares tumbled nearly 30% Thursday, marking their steepest one-day drop since 2011, after the company warned of a revenue decline in the third quarter and outlined a significant hit from U.S. tariffs. The Colorado-based footwear maker said it expects sales to fall between 9% and 11% from a year earlier, missing analysts' expectations for modest growth. -
Intel CEO Lip-Bu Tan Rejects Trump’s Resignation Demand
Intel CEO Lip-Bu Tan on Thursday rejected calls for his resignation from President Donald Trump, insisting he has "always operated within the highest legal and ethical standards" and has the full support of the company's board. Intel CEO Lip-Bu Tan on Thursday rejected calls for his resignation from President Donald Trump, insisting he has "always operated within the highest legal and ethical standards" and has the full support of the company's board.
