Jonathan Wong
The Latest
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17,000 AT&T Workers Enter Third Week of Striking Amid Stalled Contract Negotiations and Allegations of Unfair Labor Practices
As 17,000 AT&T employees enter their third week of striking, the telecom giant struggles to maintain service levels amid allegations of failing to negotiate a fair contract. 
As 17,000 AT&T employees enter their third week of striking, the telecom giant struggles to maintain service levels amid allegations of failing to negotiate a fair contract. -
BMW to Launch First Hydrogen-Powered Vehicle by 2028 Amid Renewed Push with Toyota
BMW is set to introduce its first hydrogen-powered vehicle by 2028, marking a significant milestone in its partnership with Toyota Motor Corp. as both automakers double down on hydrogen fuel cell technology in the face of numerous challenges. The German automaker announced on Thursday that this new vehicle will be based on an existing model within its lineup, though it has yet to disclose specifics regarding pricing or production volume. 
BMW is set to introduce its first hydrogen-powered vehicle by 2028, marking a significant milestone in its partnership with Toyota Motor Corp. as both automakers double down on hydrogen fuel cell technology in the face of numerous challenges. The German automaker announced on Thursday that this new vehicle will be based on an existing model within its lineup, though it has yet to disclose specifics regarding pricing or production volume. -
Verizon to Acquire Frontier in $20 Billion All-Cash Deal to Expand Fiber Network Reach
Verizon Communications announced on Thursday its plan to acquire Frontier Communications in an all-cash transaction valued at $20 billion, a strategic move designed to significantly bolster Verizon's fiber network capabilities across the United States. The acquisition, which is expected to close within the next 18 months, represents a key effort by Verizon to strengthen its competitive position against rivals such as AT&T in the high-stakes broadband market. 
Verizon Communications announced on Thursday its plan to acquire Frontier Communications in an all-cash transaction valued at $20 billion, a strategic move designed to significantly bolster Verizon's fiber network capabilities across the United States. The acquisition, which is expected to close within the next 18 months, represents a key effort by Verizon to strengthen its competitive position against rivals such as AT&T in the high-stakes broadband market. -
Nvidia Loses $279 Billion in Historic Market Collapse as DOJ Antitrust Probe Looms
Nvidia, the semiconductor giant that has dominated the AI chipmaking landscape, is suddenly facing significant challenges as its shares took a dramatic plunge on Tuesday. The company, which recently achieved the highest market valuation for any public company, saw its stock fall by 9.5%, wiping out a staggering $279 billion in market value. 
Nvidia, the semiconductor giant that has dominated the AI chipmaking landscape, is suddenly facing significant challenges as its shares took a dramatic plunge on Tuesday. The company, which recently achieved the highest market valuation for any public company, saw its stock fall by 9.5%, wiping out a staggering $279 billion in market value. -
U.S. Steel Warns of Job Losses Amid Growing Political Opposition to Nippon Steel Deal
U.S. Steel has issued a stark warning that thousands of union jobs could be at risk if its proposed merger with Japan's Nippon Steel fails to gain approval. The potential deal, valued at $15 billion, has faced increasing opposition from both political leaders and labor unions as the 2024 U.S. presidential election approaches. 
U.S. Steel has issued a stark warning that thousands of union jobs could be at risk if its proposed merger with Japan's Nippon Steel fails to gain approval. The potential deal, valued at $15 billion, has faced increasing opposition from both political leaders and labor unions as the 2024 U.S. presidential election approaches. -
Dollar Tree Shares Plummet as Retailer Slashes Full-Year Forecast Amid Weaker Demand
Dollar Tree, the well-known discount retailer, saw its shares tumble more than 15% on Wednesday after the company cut its full-year forecast, citing mounting pressures on both middle- and higher-income customers. The downgrade reflects a broader struggle among discount retailers to maintain momentum as economic conditions shift and competition intensifies. 
Dollar Tree, the well-known discount retailer, saw its shares tumble more than 15% on Wednesday after the company cut its full-year forecast, citing mounting pressures on both middle- and higher-income customers. The downgrade reflects a broader struggle among discount retailers to maintain momentum as economic conditions shift and competition intensifies. -
Nordstrom Family Makes $3.76 Billion Bid to Take Retail Giant Private with Mexican Partner
The Nordstrom family, in collaboration with Mexican retail giant El Puerto de Liverpool, has put forward a $3.76 billion offer to take the iconic department store chain private, marking a significant move in the retail landscape. The bid, priced at $23 per share, reflects a valuation that aligns closely with Nordstrom's current market price, underscoring the family's strategic vision for the company as it navigates the challenges of a changing retail environment. 
The Nordstrom family, in collaboration with Mexican retail giant El Puerto de Liverpool, has put forward a $3.76 billion offer to take the iconic department store chain private, marking a significant move in the retail landscape. The bid, priced at $23 per share, reflects a valuation that aligns closely with Nordstrom's current market price, underscoring the family's strategic vision for the company as it navigates the challenges of a changing retail environment. -
Costco Raises Membership Fees for First Time in 7 Years Amid Inflation and New Access Policies
Costco has announced its first increase in membership fees since 2017. Starting September 1, the retailer has raised the annual cost for its "Gold Star," "Business," and "Business Add-On" memberships by $5, bringing the fee to $65. Meanwhile, the premium "Executive Membership" saw a $10 increase, now costing $130 per year. 
Costco has announced its first increase in membership fees since 2017. Starting September 1, the retailer has raised the annual cost for its "Gold Star," "Business," and "Business Add-On" memberships by $5, bringing the fee to $65. Meanwhile, the premium "Executive Membership" saw a $10 increase, now costing $130 per year. -
Former Volkswagen CEO Martin Winterkorn Faces Trial Over Dieselgate Scandal Allegations
Martin Winterkorn, the former CEO of Volkswagen Group, faced trial Tuesday on serious charges related to the company's massive emissions scandal, commonly referred to as Dieselgate. Winterkorn, 77, is accused of fraud, market manipulation, and making false statements in connection with Volkswagen's use of rigged software that allowed millions of diesel vehicles to cheat on emissions tests. The trial marks a significant development in a scandal that has had profound repercussions for the automotive industry and Volkswagen's global operations. 
Martin Winterkorn, the former CEO of Volkswagen Group, faced trial Tuesday on serious charges related to the company's massive emissions scandal, commonly referred to as Dieselgate. Winterkorn, 77, is accused of fraud, market manipulation, and making false statements in connection with Volkswagen's use of rigged software that allowed millions of diesel vehicles to cheat on emissions tests. The trial marks a significant development in a scandal that has had profound repercussions for the automotive industry and Volkswagen's global operations. -
Disney-Directed Blackout Hits DirecTV Customers as Licensing Dispute Escalates
DirecTV subscribers woke up to a major disruption on Sunday as all Disney-owned networks, including ESPN, ABC, and more, vanished from the service. This sudden blackout has ignited a fierce dispute between DirecTV and The Walt Disney Co., marking a dramatic escalation in their ongoing carriage battle. 
DirecTV subscribers woke up to a major disruption on Sunday as all Disney-owned networks, including ESPN, ABC, and more, vanished from the service. This sudden blackout has ignited a fierce dispute between DirecTV and The Walt Disney Co., marking a dramatic escalation in their ongoing carriage battle.
