Jonathan Wong
The Latest
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Apple Eyes JPMorgan Chase for Apple Card Takeover as Goldman Sachs Bows Out: Report
Apple Inc. is in the midst of negotiations with JPMorgan Chase to transition its flagship Apple Card credit program from its current partner, Goldman Sachs, according to sources familiar with the discussions. The talks, which are still in early stages, underscore the significant financial and operational challenges that have beset Goldman Sachs since its involvement with Apple Card, and the potential shifts in the card's structure that could come with a new partnership. 
Apple Inc. is in the midst of negotiations with JPMorgan Chase to transition its flagship Apple Card credit program from its current partner, Goldman Sachs, according to sources familiar with the discussions. The talks, which are still in early stages, underscore the significant financial and operational challenges that have beset Goldman Sachs since its involvement with Apple Card, and the potential shifts in the card's structure that could come with a new partnership. -
Alaska Airlines and Hawaiian Airlines Clear Merger with DOT Approval, Pledge to Maintain Consumer Protections
Alaska Airlines and Hawaiian Airlines have received the green light from the U.S. Department of Transportation (DOT) to proceed with their $1.9 billion merger, following an agreement to preserve essential routes and uphold consumer protections. The deal, which was initially announced in December, marks a significant consolidation in the U.S. airline industry, bringing together the fifth-largest and tenth-largest domestic carriers. 
Alaska Airlines and Hawaiian Airlines have received the green light from the U.S. Department of Transportation (DOT) to proceed with their $1.9 billion merger, following an agreement to preserve essential routes and uphold consumer protections. The deal, which was initially announced in December, marks a significant consolidation in the U.S. airline industry, bringing together the fifth-largest and tenth-largest domestic carriers. -
Microsoft Boosts Dividend by 11% Amid $60 Billion Share Buyback Program
Microsoft Corp. announced a significant 11% increase in its quarterly dividend and approved a new $60 billion share buyback program. The tech giant's latest moves underscore its robust financial position, particularly in the face of heightened competition and the ongoing investment in artificial intelligence (AI) infrastructure. 
Microsoft Corp. announced a significant 11% increase in its quarterly dividend and approved a new $60 billion share buyback program. The tech giant's latest moves underscore its robust financial position, particularly in the face of heightened competition and the ongoing investment in artificial intelligence (AI) infrastructure. -
Rupert Murdoch’s Succession Drama Unfolds in Secret Court Battle Over Control of $15 Billion Media Empire
A highly anticipated and fiercely contested court battle over the future of Rupert Murdoch's vast media empire began on Monday in a Reno, Nevada courtroom. The legal proceedings, which are taking place behind closed doors, center on the 93-year-old media mogul's attempt to amend the family trust that controls significant stakes in Fox News and the Wall Street Journal's parent company, News Corp. 
A highly anticipated and fiercely contested court battle over the future of Rupert Murdoch's vast media empire began on Monday in a Reno, Nevada courtroom. The legal proceedings, which are taking place behind closed doors, center on the 93-year-old media mogul's attempt to amend the family trust that controls significant stakes in Fox News and the Wall Street Journal's parent company, News Corp. -
Boeing Strike Deepens as Worker Discontent and Management Missteps Collide
The ongoing strike by over 30,000 Boeing workers on the U.S. West Coast has entered its fourth day, intensifying as both sides prepare for a fresh round of negotiations. This labor dispute, which involves the International Association of Machinists and Aerospace Workers (IAM), has highlighted deep-seated tensions between Boeing's workforce and management, raising significant concerns about the future of the company's production capabilities. 
The ongoing strike by over 30,000 Boeing workers on the U.S. West Coast has entered its fourth day, intensifying as both sides prepare for a fresh round of negotiations. This labor dispute, which involves the International Association of Machinists and Aerospace Workers (IAM), has highlighted deep-seated tensions between Boeing's workforce and management, raising significant concerns about the future of the company's production capabilities. -
Oracle Projects $104 Billion Revenue by 2029 Amid AI-Driven Cloud Boom; Shares Surge
Oracle Corporation is setting ambitious goals for its future, projecting annual revenue to exceed $100 billion by fiscal 2029, driven by the growing demand for its cloud services and the integration of artificial intelligence (AI) into business operations. The company's shares surged more than 6% in premarket trading on Friday following the announcement, reflecting the market's optimism about Oracle's long-term growth prospects. 
Oracle Corporation is setting ambitious goals for its future, projecting annual revenue to exceed $100 billion by fiscal 2029, driven by the growing demand for its cloud services and the integration of artificial intelligence (AI) into business operations. The company's shares surged more than 6% in premarket trading on Friday following the announcement, reflecting the market's optimism about Oracle's long-term growth prospects. -
Moderna Stock Plummets as Delayed Profitability and R&D Cutbacks Spark Wall Street Downgrades
Moderna, once a shining star in the pharmaceutical industry for its rapid development of COVID-19 vaccines, is now facing a tough reality. The company's stock took a significant hit following downgrades from major Wall Street firms, triggered by the announcement that it will delay its break-even profitability and scale back its research and development (R&D) investments. 
Moderna, once a shining star in the pharmaceutical industry for its rapid development of COVID-19 vaccines, is now facing a tough reality. The company's stock took a significant hit following downgrades from major Wall Street firms, triggered by the announcement that it will delay its break-even profitability and scale back its research and development (R&D) investments. -
Waymo and Uber Expand Autonomous Rideshare Partnership to Austin and Atlanta, Targeting Early 2025 Launch
Waymo and Uber, once fierce rivals in the autonomous vehicle space, are set to deepen their collaboration by expanding their robotaxi partnership to Austin, Texas, and Atlanta, Georgia, with a launch planned for early 2025. This expansion marks a significant step in the ongoing efforts by both companies to integrate autonomous driving technology into mainstream transportation services. 
Waymo and Uber, once fierce rivals in the autonomous vehicle space, are set to deepen their collaboration by expanding their robotaxi partnership to Austin, Texas, and Atlanta, Georgia, with a launch planned for early 2025. This expansion marks a significant step in the ongoing efforts by both companies to integrate autonomous driving technology into mainstream transportation services. -
Boeing Workers Strike, Halting 737 MAX Production as Union Rejects Contract Offer
Boeing Co.'s (BA) production of its best-selling 737 MAX jet came to an abrupt halt early Friday as approximately 30,000 unionized workers walked off the job after overwhelmingly rejecting a proposed four-year contract. The strike, the first at the aerospace giant in 16 years, underscores mounting tensions between labor and management amid Boeing's ongoing financial and operational challenges. Boeing Co.'s (BA) production of its best-selling 737 MAX jet came to an abrupt halt early Friday as approximately 30,000 unionized workers walked off the job after overwhelmingly rejecting a proposed four-year contract. The strike, the first at the aerospace giant in 16 years, underscores mounting tensions between labor and management amid Boeing's ongoing financial and operational challenges. -
Boeing Faces Potential Shutdown as 33,000 Workers Vote on Strike Amid Contract Dispute
Boeing is on the edge of a potential production shutdown as thousands of its factory workers vote on whether to strike in response to a contract offer they find unsatisfactory. 
Boeing is on the edge of a potential production shutdown as thousands of its factory workers vote on whether to strike in response to a contract offer they find unsatisfactory.
