Jonathan Wong
The Latest
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FedEx Shares Drop 14% After Weak Earnings Signal Economic Slowdown
FedEx Corp. (FDX) is facing increasing pressure as its latest earnings report revealed a significant miss on both profit and revenue expectations, triggering a sharp drop in its stock price. Shares of the shipping giant plummeted nearly 15% following the release of its fiscal first-quarter results, marking its biggest intraday decline in two years. The disappointing performance is being interpreted as a broader economic warning, with FedEx often seen as a bellwether due to its wide exposure to global industries, from retail to manufacturing. 
FedEx Corp. (FDX) is facing increasing pressure as its latest earnings report revealed a significant miss on both profit and revenue expectations, triggering a sharp drop in its stock price. Shares of the shipping giant plummeted nearly 15% following the release of its fiscal first-quarter results, marking its biggest intraday decline in two years. The disappointing performance is being interpreted as a broader economic warning, with FedEx often seen as a bellwether due to its wide exposure to global industries, from retail to manufacturing. -
Prolonged Boeing Strike Could Escalate Losses Amid Tight Labor Market
Boeing Co. is facing one of its most challenging labor disputes in recent memory as 33,000 unionized workers walk picket lines demanding better pay, benefits, and job security. 
Boeing Co. is facing one of its most challenging labor disputes in recent memory as 33,000 unionized workers walk picket lines demanding better pay, benefits, and job security. -
Trump Media Shares Hit New Low as Lockup Restrictions End, Sparking Sell-Off Fears
Shares of Trump Media & Technology Group (TMTG) tumbled to a record low at the opening bell on Friday, marking the first trading day when former President Donald Trump, the company's largest shareholder, could sell his stake. The drop comes after "lockup" restrictions expired, which had previously prevented Trump and other early investors from offloading their holdings. 
Shares of Trump Media & Technology Group (TMTG) tumbled to a record low at the opening bell on Friday, marking the first trading day when former President Donald Trump, the company's largest shareholder, could sell his stake. The drop comes after "lockup" restrictions expired, which had previously prevented Trump and other early investors from offloading their holdings. -
Nike Taps Insider Elliott Hill as New CEO to Reclaim Market Dominance After Struggles Under Donahoe
Nike is making a bold move to revitalize its brand and recover from a period of financial stumbles, announcing that 32-year company veteran Elliott Hill will take over as CEO from John Donahoe. Hill's appointment, effective October 14, comes as the iconic sportswear giant looks to steer back toward its product-focused roots after years of struggle under Donahoe's tech-driven leadership. 
Nike is making a bold move to revitalize its brand and recover from a period of financial stumbles, announcing that 32-year company veteran Elliott Hill will take over as CEO from John Donahoe. Hill's appointment, effective October 14, comes as the iconic sportswear giant looks to steer back toward its product-focused roots after years of struggle under Donahoe's tech-driven leadership. -
Trump Media Stock Slides as Lockup Period Nears Expiration: Will Insiders Cash Out?
Shares of Trump Media & Technology Group, the parent company of the social media platform Truth Social, took a hit at the opening of Thursday's trading session, with the stock falling 5%. The drop comes just hours before the expiration of a lockup agreement that has restricted former President Donald Trump, who holds a nearly 57% stake in the company, and other insiders from selling their shares. The expiration could potentially lead to significant stock sales, causing uncertainty in the market. 
Shares of Trump Media & Technology Group, the parent company of the social media platform Truth Social, took a hit at the opening of Thursday's trading session, with the stock falling 5%. The drop comes just hours before the expiration of a lockup agreement that has restricted former President Donald Trump, who holds a nearly 57% stake in the company, and other insiders from selling their shares. The expiration could potentially lead to significant stock sales, causing uncertainty in the market. -
Boeing Faces Major Setback as Strike Forces Tens of Thousands into Furlough
Boeing has been thrust into the spotlight after announcing the furlough of tens of thousands of employees as its workers strike, halting production of the company's best-selling aircraft. This move, which impacts a wide range of U.S.-based executives, managers, and employees, comes amid a labor dispute with the International Association of Machinists and Aerospace Workers (IAM). The union, representing approximately 30,000 machinists, went on strike on September 13, after rejecting a proposed contract. 
Boeing has been thrust into the spotlight after announcing the furlough of tens of thousands of employees as its workers strike, halting production of the company's best-selling aircraft. This move, which impacts a wide range of U.S.-based executives, managers, and employees, comes amid a labor dispute with the International Association of Machinists and Aerospace Workers (IAM). The union, representing approximately 30,000 machinists, went on strike on September 13, after rejecting a proposed contract. -
Amazon Pushes Employees Back to Office Full-Time, Raising Questions About Work Flexibility
Amazon's recent announcement to mandate five days of in-office work starting January 2024 is causing a stir across corporate America. The decision, communicated by CEO Andy Jassy in a memo to employees, marks a significant shift from the current policy of requiring staff to be in the office three days a week. 
Amazon's recent announcement to mandate five days of in-office work starting January 2024 is causing a stir across corporate America. The decision, communicated by CEO Andy Jassy in a memo to employees, marks a significant shift from the current policy of requiring staff to be in the office three days a week. -
GM Electric Vehicles Now Able to Charge at Tesla Superchargers as Industry Collaboration Grows
General Motors (GM) is opening a new chapter in its electric vehicle (EV) strategy by allowing its customers to access Tesla's vast network of Superchargers. In a move that reflects the shifting dynamics of the EV industry, GM announced it will offer adapters to Chevy, Cadillac, and GMC electric vehicle owners, giving them access to Tesla's robust charging infrastructure. 
General Motors (GM) is opening a new chapter in its electric vehicle (EV) strategy by allowing its customers to access Tesla's vast network of Superchargers. In a move that reflects the shifting dynamics of the EV industry, GM announced it will offer adapters to Chevy, Cadillac, and GMC electric vehicle owners, giving them access to Tesla's robust charging infrastructure. -
Alaska Airlines Completes $1.9 Billion Acquisition of Hawaiian Airlines, Marking the Largest U.S. Airline Merger in Nearly a Decade
Alaska Airlines has officially completed its $1.9 billion acquisition of Hawaiian Airlines, creating the largest airline merger in the U.S. in almost a decade. Alaska Air Group CEO Ben Minicucci announced the completion of the acquisition on Wednesday, hailing it as a "historic day" for the two carriers, which now embark on a path to integration. The merger positions Alaska Airlines as the fifth-largest airline in the country, expanding its reach across the Pacific and consolidating its presence in North America. 
Alaska Airlines has officially completed its $1.9 billion acquisition of Hawaiian Airlines, creating the largest airline merger in the U.S. in almost a decade. Alaska Air Group CEO Ben Minicucci announced the completion of the acquisition on Wednesday, hailing it as a "historic day" for the two carriers, which now embark on a path to integration. The merger positions Alaska Airlines as the fifth-largest airline in the country, expanding its reach across the Pacific and consolidating its presence in North America. -
Tupperware Files for Bankruptcy as Financial Troubles and Outdated Business Model Take Their Toll
Tupperware, once a household name synonymous with food storage, has filed for Chapter 11 bankruptcy after years of financial decline and dwindling market relevance. The company, famous for its plastic containers and direct sales model, announced the filing on Tuesday as it seeks to restructure and explore strategic alternatives to stay afloat in an increasingly competitive marketplace. 
Tupperware, once a household name synonymous with food storage, has filed for Chapter 11 bankruptcy after years of financial decline and dwindling market relevance. The company, famous for its plastic containers and direct sales model, announced the filing on Tuesday as it seeks to restructure and explore strategic alternatives to stay afloat in an increasingly competitive marketplace.
