Jonathan Wong
The Latest
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Boeing CEO Tells Senate Company Won’t Rush 737 MAX Production After Safety Crisis
Boeing CEO Kelly Ortberg told lawmakers Wednesday the company will not accelerate production of its 737 MAX aircraft until it achieves "a stable system," as the planemaker continues grappling with fallout from a series of safety failures and regulatory restrictions. Speaking before the Senate Commerce Committee, Ortberg said Boeing is prioritizing quality over speed following a January 2024 mid-air emergency involving a newly delivered 737 MAX 9. 
Boeing CEO Kelly Ortberg told lawmakers Wednesday the company will not accelerate production of its 737 MAX aircraft until it achieves "a stable system," as the planemaker continues grappling with fallout from a series of safety failures and regulatory restrictions. Speaking before the Senate Commerce Committee, Ortberg said Boeing is prioritizing quality over speed following a January 2024 mid-air emergency involving a newly delivered 737 MAX 9. -
Tesla Shares Drop After Q1 Deliveries Miss by 54,000 Units, Worst Since 2022
Tesla Inc. reported first-quarter vehicle deliveries that fell far short of Wall Street expectations, triggering a 4% drop in its share price Wednesday and deepening concerns about demand, brand damage, and CEO Elon Musk's growing political entanglements. 
Tesla Inc. reported first-quarter vehicle deliveries that fell far short of Wall Street expectations, triggering a 4% drop in its share price Wednesday and deepening concerns about demand, brand damage, and CEO Elon Musk's growing political entanglements. -
Elon Musk Reclaims World’s Richest Title With $342 Billion Net Worth, Surging Past Zuckerberg and Arnault
Elon Musk has returned to the top of Forbes' World's Billionaires list, reclaiming his position as the world's richest person with an estimated net worth of $342 billion. The Tesla and SpaceX CEO's fortune surged by 75% over the past year, driven largely by soaring valuations of his aerospace and artificial intelligence ventures, making him the wealthiest individual Forbes has ever recorded. 
Elon Musk has returned to the top of Forbes' World's Billionaires list, reclaiming his position as the world's richest person with an estimated net worth of $342 billion. The Tesla and SpaceX CEO's fortune surged by 75% over the past year, driven largely by soaring valuations of his aerospace and artificial intelligence ventures, making him the wealthiest individual Forbes has ever recorded. -
Newsmax Shares Jump 120% After IPO Surge, Market Cap Tops $16 Billion
Shares of conservative cable news network Newsmax continued their extraordinary ascent Tuesday, surging more than 120% in early trading and pushing the company's market capitalization past $16 billion. The move follows a staggering 735% gain during Monday's debut session on the New York Stock Exchange, where the stock opened at $14 and closed at $83.51. 
Shares of conservative cable news network Newsmax continued their extraordinary ascent Tuesday, surging more than 120% in early trading and pushing the company's market capitalization past $16 billion. The move follows a staggering 735% gain during Monday's debut session on the New York Stock Exchange, where the stock opened at $14 and closed at $83.51. -
TikTok Faces April 5 Deadline as Trump Signals Deal Likely Amid Creator Caution and Platform Shifts
As TikTok nears its second major U.S. ban deadline in less than three months, creators and marketing firms are bracing for impact but remain cautiously optimistic that the Chinese-owned app will strike a deal before the April 5 cutoff. President Donald Trump said Sunday he is "pretty certain" an agreement will be reached, though he has also suggested he may extend the deadline or reduce tariffs on China to facilitate a transaction. 
As TikTok nears its second major U.S. ban deadline in less than three months, creators and marketing firms are bracing for impact but remain cautiously optimistic that the Chinese-owned app will strike a deal before the April 5 cutoff. President Donald Trump said Sunday he is "pretty certain" an agreement will be reached, though he has also suggested he may extend the deadline or reduce tariffs on China to facilitate a transaction. -
Apple Fined $162 Million by France Over 'Abusive' App Tracking Transparency Rules
Apple Inc. was fined €150 million ($162 million) by France's competition regulator, the Autorité de la Concurrence, for abusing its market power via its App Tracking Transparency implementation. 
Apple Inc. was fined €150 million ($162 million) by France's competition regulator, the Autorité de la Concurrence, for abusing its market power via its App Tracking Transparency implementation. -
Rocket to Control One in Six U.S. Mortgages After $9.4 Billion Mr. Cooper Acquisition
Rocket Companies is acquiring mortgage rival Mr. Cooper Group in an all-stock transaction valued at $9.4 billion, the Detroit-based firm announced Monday, marking its second major acquisition this month and positioning itself to hold one in every six mortgages in the U.S. 
Rocket Companies is acquiring mortgage rival Mr. Cooper Group in an all-stock transaction valued at $9.4 billion, the Detroit-based firm announced Monday, marking its second major acquisition this month and positioning itself to hold one in every six mortgages in the U.S. -
Blackstone Considers Stake in TikTok U.S. Spinoff as April Divestment Deadline Nears - Report
Blackstone is weighing a minority investment in TikTok's U.S. operations as pressure mounts on ByteDance to reduce its Chinese ownership stake ahead of an April deadline, according to people familiar with the matter. 
Blackstone is weighing a minority investment in TikTok's U.S. operations as pressure mounts on ByteDance to reduce its Chinese ownership stake ahead of an April deadline, according to people familiar with the matter. -
Major Automakers Reel as Trump Tariffs Hit Supply Chains; Tesla Rises, Then Warns of Cost Impact
Major automakers saw their share prices tumble Thursday following President Donald Trump's announcement of sweeping 25% tariffs on all imported vehicles and auto parts, a move aimed at bolstering domestic manufacturing but one that threatens to disrupt global supply chains and inflate consumer prices. 
Major automakers saw their share prices tumble Thursday following President Donald Trump's announcement of sweeping 25% tariffs on all imported vehicles and auto parts, a move aimed at bolstering domestic manufacturing but one that threatens to disrupt global supply chains and inflate consumer prices. -
H&M Misses Q1 Targets With $5.5 Billion in Sales as Discounts and Star Campaigns Weigh on Margins
H&M reported weaker-than-expected sales and profit for its fiscal first quarter on Thursday, underscoring ongoing challenges at the Swedish fast-fashion giant as it works to regain momentum against global rivals. The company, the world's second-largest apparel retailer after Inditex, said sales in local currencies rose just 2% to 55.33 billion Swedish krona ($5.5 billion) for the three months ended February 28-short of the 55.86 billion forecast by analysts surveyed by LSEG. 
H&M reported weaker-than-expected sales and profit for its fiscal first quarter on Thursday, underscoring ongoing challenges at the Swedish fast-fashion giant as it works to regain momentum against global rivals. The company, the world's second-largest apparel retailer after Inditex, said sales in local currencies rose just 2% to 55.33 billion Swedish krona ($5.5 billion) for the three months ended February 28-short of the 55.86 billion forecast by analysts surveyed by LSEG.
