Jonathan Wong
The Latest
-
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. -
Intel Stock Dips as Trump Demands CEO Lip-Bu Tan Resign Over China Ties
Intel shares declined Thursday after President Donald Trump publicly called for the immediate resignation of CEO Lip-Bu Tan, citing what he described as deep conflicts of interest tied to Chinese entities. The remarks intensified political scrutiny surrounding the semiconductor giant's leadership at a time when U.S. chip policy remains central to national security debates. 
Intel shares declined Thursday after President Donald Trump publicly called for the immediate resignation of CEO Lip-Bu Tan, citing what he described as deep conflicts of interest tied to Chinese entities. The remarks intensified political scrutiny surrounding the semiconductor giant's leadership at a time when U.S. chip policy remains central to national security debates. -
Apple Commits $100 Billion More to U.S. Expansion as Trump Presses for Domestic Manufacturing
Apple will commit an additional $100 billion to expand its U.S. operations, President Donald Trump is set to announce Wednesday alongside CEO Tim Cook at an Oval Office event, marking a major escalation in the administration's campaign to reshore key elements of the tech giant's global supply chain. 
Apple will commit an additional $100 billion to expand its U.S. operations, President Donald Trump is set to announce Wednesday alongside CEO Tim Cook at an Oval Office event, marking a major escalation in the administration's campaign to reshore key elements of the tech giant's global supply chain. -
Uber Q2 Revenue Tops Estimates, Approves $20 Billion Buyback as Trips, Bookings Hit Record Highs
Uber Technologies Inc. posted strong second-quarter results on Wednesday, exceeding revenue expectations and authorizing a $20 billion stock buyback as global demand for mobility and delivery services remained robust. Gross bookings rose 17% year-over-year to $46.8 billion, while the number of trips surged 18% to a record 3.3 billion. 
Uber Technologies Inc. posted strong second-quarter results on Wednesday, exceeding revenue expectations and authorizing a $20 billion stock buyback as global demand for mobility and delivery services remained robust. Gross bookings rose 17% year-over-year to $46.8 billion, while the number of trips surged 18% to a record 3.3 billion. -
AMD Stock Drops After Q2 EPS Miss, China AI Chip Ban Clouds Outlook Despite Revenue Growth
Shares of Advanced Micro Devices fell more than 9% on Wednesday after the chipmaker missed earnings expectations for the second quarter and offered limited clarity on when it will resume shipments of artificial intelligence chips to China, which have been impacted by U.S. export restrictions. 
Shares of Advanced Micro Devices fell more than 9% on Wednesday after the chipmaker missed earnings expectations for the second quarter and offered limited clarity on when it will resume shipments of artificial intelligence chips to China, which have been impacted by U.S. export restrictions. -
Affordable Meal Promos Lift McDonald’s to $6.8 Billion in Q2 Revenue, Beating Expectations
McDonald's Corp. reported stronger-than-expected global sales for the second quarter, driven by aggressive value meal promotions and its largest-ever marketing campaign tied to the release of "The Minecraft Movie." The fast-food giant posted a 3.8% rise in global comparable sales, surpassing Wall Street's 2.4% estimate, according to LSEG data, while total revenue increased 5% year-over-year to $6.8 billion. 
McDonald's Corp. reported stronger-than-expected global sales for the second quarter, driven by aggressive value meal promotions and its largest-ever marketing campaign tied to the release of "The Minecraft Movie." The fast-food giant posted a 3.8% rise in global comparable sales, surpassing Wall Street's 2.4% estimate, according to LSEG data, while total revenue increased 5% year-over-year to $6.8 billion. -
Palantir Surpasses $1 Billion in Quarterly Sales, Lifts Forecast on Soaring AI and Government Demand
Palantir Technologies Inc. posted its strongest quarter to date, crossing $1 billion in revenue for the first time and boosting its full-year outlook, as surging demand for artificial intelligence applications and government efficiency projects under President Donald Trump fueled growth across its U.S. operations. 
Palantir Technologies Inc. posted its strongest quarter to date, crossing $1 billion in revenue for the first time and boosting its full-year outlook, as surging demand for artificial intelligence applications and government efficiency projects under President Donald Trump fueled growth across its U.S. operations.
