Jonathan Wong
The Latest
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Moderna Delivers Surprise Q3 Profit as Cost-Cutting and Strong COVID Vaccine Sales Drive Growth
Moderna surprised Wall Street with a third-quarter profit on Thursday, driven by robust COVID-19 vaccine sales and significant cost-cutting measures. The Cambridge, Massachusetts-based biotech company posted net income of $13 million, or 3 cents per share, a sharp turnaround from a net loss of $3.63 billion, or $9.53 per share, during the same period last year. Analysts had anticipated a loss of $1.90 per share. Shares of Moderna surged nearly 9% in premarket trading on the unexpected earnings report. 
Moderna surprised Wall Street with a third-quarter profit on Thursday, driven by robust COVID-19 vaccine sales and significant cost-cutting measures. The Cambridge, Massachusetts-based biotech company posted net income of $13 million, or 3 cents per share, a sharp turnaround from a net loss of $3.63 billion, or $9.53 per share, during the same period last year. Analysts had anticipated a loss of $1.90 per share. Shares of Moderna surged nearly 9% in premarket trading on the unexpected earnings report. -
Warner Bros. Discovery Posts Surprise Profit as Max Subscriber Growth Surges on Olympic Boost
Warner Bros. Discovery delivered a surprise profit for the third quarter, driven by strong growth in its Max streaming platform, buoyed by exclusive rights to stream the Paris Olympics. This milestone performance came despite challenges in its traditional TV business and a downturn in studio revenues. Shares of the company rose 3.7% in premarket trading on the back of the unexpected financial results. 
Warner Bros. Discovery delivered a surprise profit for the third quarter, driven by strong growth in its Max streaming platform, buoyed by exclusive rights to stream the Paris Olympics. This milestone performance came despite challenges in its traditional TV business and a downturn in studio revenues. Shares of the company rose 3.7% in premarket trading on the back of the unexpected financial results. -
Tesla Shares Surge 14% as Trump Win Fuels Optimism for U.S. EV Market
Shares of Tesla Inc. soared by more than 14% Wednesday as investors reacted positively to the return of Donald Trump to the White House. The expectation of a policy shift favoring the electric vehicle (EV) giant and its CEO Elon Musk drove market enthusiasm, with analysts forecasting a favorable environment for Tesla's dominance in the sector. 
Shares of Tesla Inc. soared by more than 14% Wednesday as investors reacted positively to the return of Donald Trump to the White House. The expectation of a policy shift favoring the electric vehicle (EV) giant and its CEO Elon Musk drove market enthusiasm, with analysts forecasting a favorable environment for Tesla's dominance in the sector. -
Trump Media Stock Surges Over 30% as Donald Trump Wins Presidential Election
Shares of Trump Media & Technology Group jump following Trump’s victory over Kamala Harris, reflecting market enthusiasm for his return. 
Shares of Trump Media & Technology Group jump following Trump’s victory over Kamala Harris, reflecting market enthusiasm for his return. -
Saudi Aramco Faces $31 Billion Dividend Dilemma as Oil Prices Drop and Debt Climbs
Saudi Aramco, the world's largest oil producer, is facing a tough financial decision in early 2024: whether to continue funding its massive $31 billion quarterly dividend or risk exacerbating Saudi Arabia's budget shortfall. Amid falling oil prices and increased production cuts from OPEC+, the oil giant has seen profits dip and debt levels rise, putting strain on its balance sheet. 
Saudi Aramco, the world's largest oil producer, is facing a tough financial decision in early 2024: whether to continue funding its massive $31 billion quarterly dividend or risk exacerbating Saudi Arabia's budget shortfall. Amid falling oil prices and increased production cuts from OPEC+, the oil giant has seen profits dip and debt levels rise, putting strain on its balance sheet. -
Boeing Strike Ends as Workers Accept New Contract with 43% Wage Increase but No Pension Restoration
In a significant development for Boeing and its workforce, members of the International Association of Machinists (IAM) voted on Monday to accept the company's latest contract offer, concluding a nearly two-month-long strike. This prolonged labor action, the most extensive in over 25 years, cost Boeing billions in delayed production and placed additional strain on the aerospace giant already grappling with financial and operational challenges. 
In a significant development for Boeing and its workforce, members of the International Association of Machinists (IAM) voted on Monday to accept the company's latest contract offer, concluding a nearly two-month-long strike. This prolonged labor action, the most extensive in over 25 years, cost Boeing billions in delayed production and placed additional strain on the aerospace giant already grappling with financial and operational challenges. -
Trump Media Stock Volatile Ahead of Election Day, Investors Bet on Outcome as Polls Shift
Shares of Trump Media & Technology Group (DJT), a stock heavily influenced by the former president's political fortunes, rose by approximately 2% on Monday, signaling market anticipation of a tight presidential election race. With less than 24 hours until the polls close, DJT stock has emerged as a financial barometer for the election outcome, fluctuating with each shift in polling and prediction markets. 
Shares of Trump Media & Technology Group (DJT), a stock heavily influenced by the former president's political fortunes, rose by approximately 2% on Monday, signaling market anticipation of a tight presidential election race. With less than 24 hours until the polls close, DJT stock has emerged as a financial barometer for the election outcome, fluctuating with each shift in polling and prediction markets. -
Amazon’s Nuclear-Powered Data Center Stalled by Regulatory Setback, Triggering Fallout for Energy Stocks
A bold partnership to power Amazon's AI operations with nuclear energy hit a regulatory barrier on Friday, causing a ripple effect in both the tech and energy sectors. The Federal Energy Regulatory Commission (FERC) denied a request to increase the power supply from Talen Energy's Susquehanna nuclear plant to Amazon's data center in Pennsylvania, raising concerns about grid stability and costs for consumers. 
A bold partnership to power Amazon's AI operations with nuclear energy hit a regulatory barrier on Friday, causing a ripple effect in both the tech and energy sectors. The Federal Energy Regulatory Commission (FERC) denied a request to increase the power supply from Talen Energy's Susquehanna nuclear plant to Amazon's data center in Pennsylvania, raising concerns about grid stability and costs for consumers. -
Singapore Airlines to Debut First-Class Cabins in Major $835 Million Upgrade for Ultra-Long-Haul Flights
In a bid to elevate its premium offerings on the world's longest flights, Singapore Airlines announced it will add new first-class cabins to its Airbus A350-900ULR aircraft. This $835 million retrofit will equip seven ultra-long-range A350s with four first-class suites each, marking the airline's strategic commitment to high-end luxury travel for ultra-long-haul routes, including its record-breaking 19-hour nonstop service between New York and Singapore. 
In a bid to elevate its premium offerings on the world's longest flights, Singapore Airlines announced it will add new first-class cabins to its Airbus A350-900ULR aircraft. This $835 million retrofit will equip seven ultra-long-range A350s with four first-class suites each, marking the airline's strategic commitment to high-end luxury travel for ultra-long-haul routes, including its record-breaking 19-hour nonstop service between New York and Singapore. -
Nvidia Joins Dow Jones, Marking New Era in AI as Intel Exits After 25 Years
Nvidia, a leading semiconductor company in the artificial intelligence sector, will replace Intel on the Dow Jones Industrial Average, according to an announcement from S&P Dow Jones Indices on Friday. This change, effective November 7, ends Intel's 25-year presence on the blue-chip index, highlighting a major shift in the semiconductor industry as AI reshapes priorities in the market. 
Nvidia, a leading semiconductor company in the artificial intelligence sector, will replace Intel on the Dow Jones Industrial Average, according to an announcement from S&P Dow Jones Indices on Friday. This change, effective November 7, ends Intel's 25-year presence on the blue-chip index, highlighting a major shift in the semiconductor industry as AI reshapes priorities in the market.
