Jonathan Wong
The Latest
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Boeing Seeks Up to $19 Billion Amid Strikes and Safety Concerns
Boeing Co. is looking to raise up to approximately $19 billion through a stock offering as the aerospace giant grapples with liquidity issues exacerbated by a contentious worker strike and ongoing safety concerns. The company announced on Monday that it plans to offer 90 million shares of common stock and $5 billion in depositary shares. 
Boeing Co. is looking to raise up to approximately $19 billion through a stock offering as the aerospace giant grapples with liquidity issues exacerbated by a contentious worker strike and ongoing safety concerns. The company announced on Monday that it plans to offer 90 million shares of common stock and $5 billion in depositary shares. -
Quarter Pounders Return as McDonald's Rules Out Beef in E. Coli Investigation
McDonald's Corp. announced on Sunday that it has ruled out its beef patties as the source of a recent E. coli outbreak linked to its Quarter Pounder hamburgers, which has resulted in at least one death and sickened nearly 75 people across 13 states. The fast-food giant is preparing to resume sales of the popular burger after pulling it from approximately one-fifth of its U.S. restaurants as a precautionary measure. 
McDonald's Corp. announced on Sunday that it has ruled out its beef patties as the source of a recent E. coli outbreak linked to its Quarter Pounder hamburgers, which has resulted in at least one death and sickened nearly 75 people across 13 states. The fast-food giant is preparing to resume sales of the popular burger after pulling it from approximately one-fifth of its U.S. restaurants as a precautionary measure. -
The Ongoing Boeing Strike Threatens Jobs Across Aerospace Supply Chain as Suppliers Brace for More Layoffs
The ongoing Boeing strike and the workers' rejection of the aerospace giant's latest contract offer have created significant ripple effects throughout the aerospace supply chain. With more than 33,000 Boeing employees on strike, suppliers like Independent Forge, a small family-run operation in Orange County, California, are feeling the strain. 
The ongoing Boeing strike and the workers' rejection of the aerospace giant's latest contract offer have created significant ripple effects throughout the aerospace supply chain. With more than 33,000 Boeing employees on strike, suppliers like Independent Forge, a small family-run operation in Orange County, California, are feeling the strain. -
Tesla’s Stock Hits 13-Month High as Investors Rally Behind Surprising Earnings Report
Tesla's stock has been on a rapid upward trajectory, reaching its highest close in over 13 months as the electric vehicle (EV) maker continues to bask in the glow of its third-quarter earnings report. Tesla shares rose by 2.8% on Friday to $267.79, putting the stock on track for its best finish since September 2023. 
Tesla's stock has been on a rapid upward trajectory, reaching its highest close in over 13 months as the electric vehicle (EV) maker continues to bask in the glow of its third-quarter earnings report. Tesla shares rose by 2.8% on Friday to $267.79, putting the stock on track for its best finish since September 2023. -
Federal Court Blocks $8.5 Billion Tapestry-Capri Merger Amid FTC Competition Concerns
A U.S. federal judge has blocked the $8.5 billion acquisition deal between luxury handbag maker Tapestry and its rival Capri, in a move hailed as a victory for the Federal Trade Commission (FTC). The ruling, which effectively halts the merger, was seen as a win for the Biden administration ahead of the upcoming November 5th presidential election. The FTC argued that combining the two major players in the U.S. handbag industry would significantly reduce competition and potentially lead to higher prices for consumers. 
A U.S. federal judge has blocked the $8.5 billion acquisition deal between luxury handbag maker Tapestry and its rival Capri, in a move hailed as a victory for the Federal Trade Commission (FTC). The ruling, which effectively halts the merger, was seen as a win for the Biden administration ahead of the upcoming November 5th presidential election. The FTC argued that combining the two major players in the U.S. handbag industry would significantly reduce competition and potentially lead to higher prices for consumers. -
Neiman Marcus Sparks Backlash After Removing ‘Christmas’ from 98-Year-Old Gift Catalog Amid Restructuring
Neiman Marcus, the iconic luxury retailer, has sparked controversy by quietly removing the word "Christmas" from its nearly century-old holiday catalog. The once-beloved "Christmas Book," first published in 1926, is now branded as the "Holiday Book," a change that has stirred discontent among some employees at the company's Dallas headquarters. The decision comes amid layoffs, restructurings, and growing frustrations within the company, which has been under the leadership of CEO Geoffroy van Raemdonck. 
Neiman Marcus, the iconic luxury retailer, has sparked controversy by quietly removing the word "Christmas" from its nearly century-old holiday catalog. The once-beloved "Christmas Book," first published in 1926, is now branded as the "Holiday Book," a change that has stirred discontent among some employees at the company's Dallas headquarters. The decision comes amid layoffs, restructurings, and growing frustrations within the company, which has been under the leadership of CEO Geoffroy van Raemdonck. -
Spirit Airlines Shares Surge on Job Cuts and $519 Million Aircraft Sale to Shore Up Finances
Spirit Airlines (SAVE) shares surged by 12% in premarket trading on Friday after the budget carrier announced plans to cut jobs and sell planes in a bid to stabilize its finances and return to profitability. In a regulatory filing, Spirit outlined $80 million in annualized cost reductions that are expected to start early next year, primarily driven by a reduction in workforce that aligns with the airline's expected decrease in flight volume. 
Spirit Airlines (SAVE) shares surged by 12% in premarket trading on Friday after the budget carrier announced plans to cut jobs and sell planes in a bid to stabilize its finances and return to profitability. In a regulatory filing, Spirit outlined $80 million in annualized cost reductions that are expected to start early next year, primarily driven by a reduction in workforce that aligns with the airline's expected decrease in flight volume. -
Tesla Stock Surges on Strong Q3 Earnings and Promises of Affordable EVs in 2025
Tesla shares surged in premarket trading on Thursday, rising as much as 14.5%, following the company's third-quarter earnings report that exceeded Wall Street's expectations in several key areas. Despite a slight revenue miss, investors responded positively to strong growth in vehicle deliveries, higher-than-expected margins, and optimism from CEO Elon Musk about the company's future growth prospects. Tesla shares surged in premarket trading on Thursday, rising as much as 14.5%, following the company's third-quarter earnings report that exceeded Wall Street's expectations in several key areas. Despite a slight revenue miss, investors responded positively to strong growth in vehicle deliveries, higher-than-expected margins, and optimism from CEO Elon Musk about the company's future growth prospects. -
UPS Stock Jumps as Q3 Earnings Beat Expectations, but Full-Year Revenue Outlook Lowered
UPS saw a notable rise in its stock on Thursday after reporting third-quarter results that exceeded analysts' expectations. The shipping giant reported $22.2 billion in revenue, surpassing the consensus estimate of $21.94 billion, according to Visible Alpha. 
UPS saw a notable rise in its stock on Thursday after reporting third-quarter results that exceeded analysts' expectations. The shipping giant reported $22.2 billion in revenue, surpassing the consensus estimate of $21.94 billion, according to Visible Alpha. -
Boeing Strike Extends as Workers Reject New Wage Deal, Costing Company $1 Billion Per Month
Boeing's ongoing labor strike shows no sign of ending soon, as factory workers voted to reject the company's latest contract offer, extending the strike that has already lasted more than five weeks. On Wednesday, 64% of Boeing machinists voted against the new deal, which included a proposed 35% wage increase over four years. The rejection marks a significant setback for Boeing's new CEO, Kelly Ortberg, who has made resolving labor issues a priority as the aerospace giant grapples with financial woes. Boeing's ongoing labor strike shows no sign of ending soon, as factory workers voted to reject the company's latest contract offer, extending the strike that has already lasted more than five weeks. On Wednesday, 64% of Boeing machinists voted against the new deal, which included a proposed 35% wage increase over four years. The rejection marks a significant setback for Boeing's new CEO, Kelly Ortberg, who has made resolving labor issues a priority as the aerospace giant grapples with financial woes.
