Jonathan Wong
The Latest
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Microsoft Boosts Dividend by 11% Amid $60 Billion Share Buyback Program
Microsoft Corp. announced a significant 11% increase in its quarterly dividend and approved a new $60 billion share buyback program. The tech giant's latest moves underscore its robust financial position, particularly in the face of heightened competition and the ongoing investment in artificial intelligence (AI) infrastructure. 
Microsoft Corp. announced a significant 11% increase in its quarterly dividend and approved a new $60 billion share buyback program. The tech giant's latest moves underscore its robust financial position, particularly in the face of heightened competition and the ongoing investment in artificial intelligence (AI) infrastructure. -
Rupert Murdoch’s Succession Drama Unfolds in Secret Court Battle Over Control of $15 Billion Media Empire
A highly anticipated and fiercely contested court battle over the future of Rupert Murdoch's vast media empire began on Monday in a Reno, Nevada courtroom. The legal proceedings, which are taking place behind closed doors, center on the 93-year-old media mogul's attempt to amend the family trust that controls significant stakes in Fox News and the Wall Street Journal's parent company, News Corp. 
A highly anticipated and fiercely contested court battle over the future of Rupert Murdoch's vast media empire began on Monday in a Reno, Nevada courtroom. The legal proceedings, which are taking place behind closed doors, center on the 93-year-old media mogul's attempt to amend the family trust that controls significant stakes in Fox News and the Wall Street Journal's parent company, News Corp. -
Boeing Strike Deepens as Worker Discontent and Management Missteps Collide
The ongoing strike by over 30,000 Boeing workers on the U.S. West Coast has entered its fourth day, intensifying as both sides prepare for a fresh round of negotiations. This labor dispute, which involves the International Association of Machinists and Aerospace Workers (IAM), has highlighted deep-seated tensions between Boeing's workforce and management, raising significant concerns about the future of the company's production capabilities. 
The ongoing strike by over 30,000 Boeing workers on the U.S. West Coast has entered its fourth day, intensifying as both sides prepare for a fresh round of negotiations. This labor dispute, which involves the International Association of Machinists and Aerospace Workers (IAM), has highlighted deep-seated tensions between Boeing's workforce and management, raising significant concerns about the future of the company's production capabilities. -
Oracle Projects $104 Billion Revenue by 2029 Amid AI-Driven Cloud Boom; Shares Surge
Oracle Corporation is setting ambitious goals for its future, projecting annual revenue to exceed $100 billion by fiscal 2029, driven by the growing demand for its cloud services and the integration of artificial intelligence (AI) into business operations. The company's shares surged more than 6% in premarket trading on Friday following the announcement, reflecting the market's optimism about Oracle's long-term growth prospects. 
Oracle Corporation is setting ambitious goals for its future, projecting annual revenue to exceed $100 billion by fiscal 2029, driven by the growing demand for its cloud services and the integration of artificial intelligence (AI) into business operations. The company's shares surged more than 6% in premarket trading on Friday following the announcement, reflecting the market's optimism about Oracle's long-term growth prospects. -
Moderna Stock Plummets as Delayed Profitability and R&D Cutbacks Spark Wall Street Downgrades
Moderna, once a shining star in the pharmaceutical industry for its rapid development of COVID-19 vaccines, is now facing a tough reality. The company's stock took a significant hit following downgrades from major Wall Street firms, triggered by the announcement that it will delay its break-even profitability and scale back its research and development (R&D) investments. 
Moderna, once a shining star in the pharmaceutical industry for its rapid development of COVID-19 vaccines, is now facing a tough reality. The company's stock took a significant hit following downgrades from major Wall Street firms, triggered by the announcement that it will delay its break-even profitability and scale back its research and development (R&D) investments. -
Waymo and Uber Expand Autonomous Rideshare Partnership to Austin and Atlanta, Targeting Early 2025 Launch
Waymo and Uber, once fierce rivals in the autonomous vehicle space, are set to deepen their collaboration by expanding their robotaxi partnership to Austin, Texas, and Atlanta, Georgia, with a launch planned for early 2025. This expansion marks a significant step in the ongoing efforts by both companies to integrate autonomous driving technology into mainstream transportation services. 
Waymo and Uber, once fierce rivals in the autonomous vehicle space, are set to deepen their collaboration by expanding their robotaxi partnership to Austin, Texas, and Atlanta, Georgia, with a launch planned for early 2025. This expansion marks a significant step in the ongoing efforts by both companies to integrate autonomous driving technology into mainstream transportation services. -
Boeing Workers Strike, Halting 737 MAX Production as Union Rejects Contract Offer
Boeing Co.'s (BA) production of its best-selling 737 MAX jet came to an abrupt halt early Friday as approximately 30,000 unionized workers walked off the job after overwhelmingly rejecting a proposed four-year contract. The strike, the first at the aerospace giant in 16 years, underscores mounting tensions between labor and management amid Boeing's ongoing financial and operational challenges. Boeing Co.'s (BA) production of its best-selling 737 MAX jet came to an abrupt halt early Friday as approximately 30,000 unionized workers walked off the job after overwhelmingly rejecting a proposed four-year contract. The strike, the first at the aerospace giant in 16 years, underscores mounting tensions between labor and management amid Boeing's ongoing financial and operational challenges. -
Boeing Faces Potential Shutdown as 33,000 Workers Vote on Strike Amid Contract Dispute
Boeing is on the edge of a potential production shutdown as thousands of its factory workers vote on whether to strike in response to a contract offer they find unsatisfactory. 
Boeing is on the edge of a potential production shutdown as thousands of its factory workers vote on whether to strike in response to a contract offer they find unsatisfactory. -
JPMorgan and Bank of America Set 80-Hour Workweek Limits Following Outcry Over Employee Death
In the wake of the tragic death of Leo Lukenas, a 35-year-old Bank of America associate who reportedly logged 100-hour workweeks, two of Wall Street's largest financial institutions-JPMorgan Chase and Bank of America-are taking significant steps to address the grueling work hours of their junior employees. 
In the wake of the tragic death of Leo Lukenas, a 35-year-old Bank of America associate who reportedly logged 100-hour workweeks, two of Wall Street's largest financial institutions-JPMorgan Chase and Bank of America-are taking significant steps to address the grueling work hours of their junior employees. -
GameStop's Stock Slumps Amid Revenue Drop Despite Surprise Profit and Store Closure Plans
GameStop, the video game retailer that became the poster child of the 2021 meme stock frenzy, is once again in the spotlight. Despite reporting a surprising profit in its latest quarter, the company's stock took a significant hit, falling 10% in premarket trading. The sharp drop comes as investors express concerns over a steep decline in revenue and lingering doubts about the company's long-term viability. 
GameStop, the video game retailer that became the poster child of the 2021 meme stock frenzy, is once again in the spotlight. Despite reporting a surprising profit in its latest quarter, the company's stock took a significant hit, falling 10% in premarket trading. The sharp drop comes as investors express concerns over a steep decline in revenue and lingering doubts about the company's long-term viability.
