Jonathan Wong
The Latest
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Tesla's Stock Surges as Tesla's Q3 Profits Soar 17%, Musk Predicts Bold 30% Growth Despite Rising Competition and Regulatory Scrutiny
Tesla's third-quarter earnings exceeded analysts' predictions, propelling the company's shares up by 12% in after-hours trading. The electric vehicle giant posted a net income of $2.17 billion, marking a significant 17.3% year-over-year increase. Earnings per share reached 72 cents, well above Wall Street's expectations of 58 cents, though total revenue of $25.18 billion narrowly missed the forecasted $25.37 billion. 
Tesla's third-quarter earnings exceeded analysts' predictions, propelling the company's shares up by 12% in after-hours trading. The electric vehicle giant posted a net income of $2.17 billion, marking a significant 17.3% year-over-year increase. Earnings per share reached 72 cents, well above Wall Street's expectations of 58 cents, though total revenue of $25.18 billion narrowly missed the forecasted $25.37 billion. -
American Airlines Fined $50 Million for Mishandling Passengers with Disabilities
American Airlines has been fined $50 million by the U.S. Department of Transportation (DOT) for violations of disability protections between 2019 and 2023, marking a record-setting penalty for mishandling passengers with disabilities. The airline, according to the DOT, consistently failed to meet standards for providing safe, timely assistance to passengers using wheelchairs and other mobility devices, often resulting in damaged equipment and injuries to travelers. 
American Airlines has been fined $50 million by the U.S. Department of Transportation (DOT) for violations of disability protections between 2019 and 2023, marking a record-setting penalty for mishandling passengers with disabilities. The airline, according to the DOT, consistently failed to meet standards for providing safe, timely assistance to passengers using wheelchairs and other mobility devices, often resulting in damaged equipment and injuries to travelers. -
Goldfish Aims to Hook Adult Snackers with Playful Rebranding as 'Chilean Sea Bass'
Goldfish, the beloved snack known for its kid-friendly appeal, is taking a surprising turn with a new name aimed at attracting an older audience. Pepperidge Farm, the company behind the iconic fish-shaped crackers, announced a limited-time rebranding of the snack to "Chilean Sea Bass," in a bid to appeal to adult consumers. 
Goldfish, the beloved snack known for its kid-friendly appeal, is taking a surprising turn with a new name aimed at attracting an older audience. Pepperidge Farm, the company behind the iconic fish-shaped crackers, announced a limited-time rebranding of the snack to "Chilean Sea Bass," in a bid to appeal to adult consumers. -
Boeing Faces $6 Billion Loss as New CEO Ortberg Targets Leaner Future Amid Ongoing Strike
Boeing, grappling with a prolonged strike and escalating production challenges, reported a staggering $6 billion loss for the third quarter, its worst financial hit since the COVID-19 pandemic upended the aviation industry. New CEO Kelly Ortberg, who took the helm in August, delivered a sobering yet hopeful outlook as he pledged to steer the embattled aerospace giant toward a leaner, more efficient future. 
Boeing, grappling with a prolonged strike and escalating production challenges, reported a staggering $6 billion loss for the third quarter, its worst financial hit since the COVID-19 pandemic upended the aviation industry. New CEO Kelly Ortberg, who took the helm in August, delivered a sobering yet hopeful outlook as he pledged to steer the embattled aerospace giant toward a leaner, more efficient future. -
McDonald's Faces Public Backlash and Stock Drop Amid E. Coli Outbreak Linked to Quarter Pounders
McDonald's is grappling with a growing crisis following an E. coli outbreak linked to its popular Quarter Pounder hamburger, which has left one person dead and 10 hospitalized. The outbreak, concentrated primarily in Colorado and Nebraska, has prompted the fast-food giant to engage in extensive damage control as it works to reassure customers and mitigate the fallout from the incident. 
McDonald's is grappling with a growing crisis following an E. coli outbreak linked to its popular Quarter Pounder hamburger, which has left one person dead and 10 hospitalized. The outbreak, concentrated primarily in Colorado and Nebraska, has prompted the fast-food giant to engage in extensive damage control as it works to reassure customers and mitigate the fallout from the incident. -
Walmart Expands Prescription Delivery Service Nationwide as CVS and Walgreens Close Hundreds of Stores
Walmart is stepping up its competition in the health care space with the launch of a new prescription delivery service that promises to bring medications directly to customers' doorsteps. As CVS and Walgreens face financial challenges and close hundreds of stores across the U.S., Walmart's latest move could reshape the pharmacy landscape by offering a more convenient, seamless shopping experience for millions of Americans. 
Walmart is stepping up its competition in the health care space with the launch of a new prescription delivery service that promises to bring medications directly to customers' doorsteps. As CVS and Walgreens face financial challenges and close hundreds of stores across the U.S., Walmart's latest move could reshape the pharmacy landscape by offering a more convenient, seamless shopping experience for millions of Americans. -
Honda Recalls 700,000 Vehicles Over Fuel Pump Leak Risk: Accord, Civic, and CR-V Models Affected
Honda has announced another significant vehicle recall, this time affecting over 700,000 cars in North America due to a potential fuel pump defect that could lead to dangerous fuel leaks. The recall, disclosed by the automaker and the National Highway Traffic Safety Administration (NHTSA), primarily impacts certain models of the Honda Accord, Civic, and CR-V from the 2023 to 2025 model years. The defect involves a high-pressure fuel pump that may crack, posing a serious fire hazard if the leak occurs near an ignition source. 
Honda has announced another significant vehicle recall, this time affecting over 700,000 cars in North America due to a potential fuel pump defect that could lead to dangerous fuel leaks. The recall, disclosed by the automaker and the National Highway Traffic Safety Administration (NHTSA), primarily impacts certain models of the Honda Accord, Civic, and CR-V from the 2023 to 2025 model years. The defect involves a high-pressure fuel pump that may crack, posing a serious fire hazard if the leak occurs near an ignition source. -
HSBC Names First Female CFO as Bank Unveils Major Overhaul, Targets Cost Reductions
HSBC, one of the world's largest banks, announced a major overhaul on Tuesday, including a significant leadership shakeup and a restructuring of its global operations aimed at simplifying the organization and improving profitability. 
HSBC, one of the world's largest banks, announced a major overhaul on Tuesday, including a significant leadership shakeup and a restructuring of its global operations aimed at simplifying the organization and improving profitability. -
GM Reports Strong Q3 Earnings, Raises Profit Forecast for Third Time Despite Union Pay Hikes
General Motors (GM) delivered stronger-than-expected third-quarter earnings on Tuesday, raising its full-year profit forecast for the third time this year. The automaker's results were buoyed by robust vehicle sales, higher transaction prices, and a renewed focus on cost-cutting initiatives. The company reported a 10% rise in revenue to $48.78 billion, far surpassing analyst estimates of $44.69 billion, and posted adjusted earnings per share (EPS) of $2.96, well above the forecasted $2.44. 
General Motors (GM) delivered stronger-than-expected third-quarter earnings on Tuesday, raising its full-year profit forecast for the third time this year. The automaker's results were buoyed by robust vehicle sales, higher transaction prices, and a renewed focus on cost-cutting initiatives. The company reported a 10% rise in revenue to $48.78 billion, far surpassing analyst estimates of $44.69 billion, and posted adjusted earnings per share (EPS) of $2.96, well above the forecasted $2.44. -
Israeli Authorities Break Up Alleged Iranian Spy Network, Arrest Seven Citizens
Israeli security agencies announced on Monday that they had dismantled an alleged Iranian spy ring operating within Israel, arresting seven citizens accused of gathering intelligence on military and energy infrastructure. The arrests, which were the result of a joint operation by the Shin Bet domestic intelligence agency and the Israeli police, have been described as one of the most serious security breaches in recent years. 
Israeli security agencies announced on Monday that they had dismantled an alleged Iranian spy ring operating within Israel, arresting seven citizens accused of gathering intelligence on military and energy infrastructure. The arrests, which were the result of a joint operation by the Shin Bet domestic intelligence agency and the Israeli police, have been described as one of the most serious security breaches in recent years.
