Jonathan Wong
The Latest
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Dick’s Sporting Goods to Acquire Foot Locker for $2.4 Billion in High-Stakes Nike Market Play
Dick's Sporting Goods announced Thursday it will acquire longtime rival Foot Locker in a $2.4 billion deal aimed at strengthening its position in the global athletic footwear market and consolidating its hold on Nike product distribution. 
Dick's Sporting Goods announced Thursday it will acquire longtime rival Foot Locker in a $2.4 billion deal aimed at strengthening its position in the global athletic footwear market and consolidating its hold on Nike product distribution. -
Walmart to Raise Prices in May, CFO Warns as Tariffs Pressure Margins and Supply Chains
Walmart is preparing to raise prices on a range of goods as early as late May, as the retailer grapples with elevated import costs driven by President Donald Trump's sweeping global tariffs. The warning from the world's largest retailer adds to broader concerns across the retail industry over how continued trade uncertainty will affect consumer prices, supply chains, and financial outlooks. 
Walmart is preparing to raise prices on a range of goods as early as late May, as the retailer grapples with elevated import costs driven by President Donald Trump's sweeping global tariffs. The warning from the world's largest retailer adds to broader concerns across the retail industry over how continued trade uncertainty will affect consumer prices, supply chains, and financial outlooks. -
Boeing Clinches Record $96 Billion Deal With Qatar Airways for 210 Jets During Trump’s Gulf Tour
Boeing and GE Aerospace finalized a $96 billion agreement to supply up to 210 aircraft to Qatar Airways, marking the largest widebody and 787 Dreamliner order in Boeing's history. The deal, announced by the White House on Wednesday, was signed during President Donald Trump's state visit to Doha with Qatar's Emir Sheikh Tamim bin Hamad Al Thani. 
Boeing and GE Aerospace finalized a $96 billion agreement to supply up to 210 aircraft to Qatar Airways, marking the largest widebody and 787 Dreamliner order in Boeing's history. The deal, announced by the White House on Wednesday, was signed during President Donald Trump's state visit to Doha with Qatar's Emir Sheikh Tamim bin Hamad Al Thani. -
Burberry to Cut 1,700 Jobs in $127M Turnaround Push as Sales Decline Globally
Burberry announced Wednesday it will cut approximately 1,700 jobs globally-around 20% of its workforce-as part of a sweeping cost-cutting initiative aimed at reversing a prolonged sales slump and restoring investor confidence in the 169-year-old British luxury brand. 
Burberry announced Wednesday it will cut approximately 1,700 jobs globally-around 20% of its workforce-as part of a sweeping cost-cutting initiative aimed at reversing a prolonged sales slump and restoring investor confidence in the 169-year-old British luxury brand. -
Chime Files for IPO with $25 Billion Valuation, Targets $2 Billion in 2025 Revenue
Chime, the consumer financial technology company, filed paperwork Tuesday to go public on the Nasdaq under the ticker symbol "CHYM," revealing detailed financials and strategic partnerships as it prepares for one of the year's most closely watched initial public offerings. 
Chime, the consumer financial technology company, filed paperwork Tuesday to go public on the Nasdaq under the ticker symbol "CHYM," revealing detailed financials and strategic partnerships as it prepares for one of the year's most closely watched initial public offerings. -
Microsoft to Cut 7,000 Jobs in Largest Layoffs Since 2023 as AI Spending Surges
Microsoft said Tuesday it will lay off approximately 7,000 employees-roughly 3% of its global workforce-as the company shifts resources to bolster artificial intelligence development and reduce organizational complexity. The move marks Microsoft's most significant workforce reduction since 2023. 
Microsoft said Tuesday it will lay off approximately 7,000 employees-roughly 3% of its global workforce-as the company shifts resources to bolster artificial intelligence development and reduce organizational complexity. The move marks Microsoft's most significant workforce reduction since 2023. -
UnitedHealth CEO Andrew Witty Resigns as Costs Surge, Shares Sink 15% Amid Forecast Withdrawal
UnitedHealth Group announced the abrupt resignation of CEO Andrew Witty on Tuesday, citing "personal reasons," as the health care giant grapples with surging medical costs, a massive cyberattack, and the murder of a top executive. The company's shares plunged more than 15% in early trading after it suspended its 2025 financial outlook. 
UnitedHealth Group announced the abrupt resignation of CEO Andrew Witty on Tuesday, citing "personal reasons," as the health care giant grapples with surging medical costs, a massive cyberattack, and the murder of a top executive. The company's shares plunged more than 15% in early trading after it suspended its 2025 financial outlook. -
Nissan to Cut 20,000 Jobs, Shutter 7 Plants Amid $4.5 Billion Annual Loss
Nissan Motor Co. said Tuesday it will eliminate approximately 20,000 jobs globally-about 15% of its workforce-and close seven production facilities as the Japanese automaker attempts to reverse a dramatic downturn marked by heavy losses and slumping sales in key markets. 
Nissan Motor Co. said Tuesday it will eliminate approximately 20,000 jobs globally-about 15% of its workforce-and close seven production facilities as the Japanese automaker attempts to reverse a dramatic downturn marked by heavy losses and slumping sales in key markets. -
Honda Forecasts 59% Profit Drop, Blames U.S. Tariffs and Delays Canada EV Plans
Honda Motor Co. reported a 76% drop in fourth-quarter operating profit on Wednesday, missing analyst expectations by a wide margin and prompting a sharply downgraded outlook for the fiscal year ahead. The Japanese automaker cited intensifying U.S. tariff pressure and softening electric vehicle demand as key drivers of its deteriorating performance. 
Honda Motor Co. reported a 76% drop in fourth-quarter operating profit on Wednesday, missing analyst expectations by a wide margin and prompting a sharply downgraded outlook for the fiscal year ahead. The Japanese automaker cited intensifying U.S. tariff pressure and softening electric vehicle demand as key drivers of its deteriorating performance. -
Toyota Slashes EV Name to ‘bZ,’ Adds 50% More Horsepower, Tesla-Compatible Port
Toyota Motor Corp. is overhauling its sole U.S. electric vehicle with a new name, upgraded range, faster charging, and a significant performance boost, the company announced Tuesday. The 2026 model-year electric SUV, now simply called the "bZ," replaces the original "bZ4X," which faced sluggish sales and critical reviews after its 2022 debut. 
Toyota Motor Corp. is overhauling its sole U.S. electric vehicle with a new name, upgraded range, faster charging, and a significant performance boost, the company announced Tuesday. The 2026 model-year electric SUV, now simply called the "bZ," replaces the original "bZ4X," which faced sluggish sales and critical reviews after its 2022 debut.
