Jonathan Wong
The Latest
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Reddit Stock Soars as Social Media Giant Posts First-Ever Profit, Beats Revenue Expectations
Reddit has made a remarkable turnaround, reporting its first-ever profit in its nearly 20-year history, a significant milestone for the social media giant that went public earlier this year. Reddit's shares surged by 24% in premarket trading on Wednesday after the company announced its third-quarter earnings, which far exceeded Wall Street's expectations. 
Reddit has made a remarkable turnaround, reporting its first-ever profit in its nearly 20-year history, a significant milestone for the social media giant that went public earlier this year. Reddit's shares surged by 24% in premarket trading on Wednesday after the company announced its third-quarter earnings, which far exceeded Wall Street's expectations. -
Trump Media Stock Soars Amid Election Speculation, Surpasses Elon Musk's X Valuation
Trump Media & Technology Group (TMTG), the parent company of the social media platform Truth Social, has experienced a remarkable surge in stock value, climbing by more than 200% in the past month. 
Trump Media & Technology Group (TMTG), the parent company of the social media platform Truth Social, has experienced a remarkable surge in stock value, climbing by more than 200% in the past month. -
AMD Stock Plummets After Q4 Outlook Misses Expectations Despite Strong AI Growth
Advanced Micro Devices (AMD) saw its stock tumble nearly 8% in premarket trading after releasing third-quarter earnings for fiscal 2024 that, while in line with expectations, were overshadowed by a slightly lower-than-anticipated outlook for the fourth quarter. T 
Advanced Micro Devices (AMD) saw its stock tumble nearly 8% in premarket trading after releasing third-quarter earnings for fiscal 2024 that, while in line with expectations, were overshadowed by a slightly lower-than-anticipated outlook for the fourth quarter. T -
Eli Lilly Stock Plummets 10% After Missed Earnings and Profit Warning Amid Supply Challenges
Eli Lilly & Co. faced a sharp downturn in its stock price on Wednesday after the pharmaceutical giant posted disappointing third-quarter earnings and lowered its profit guidance for the year. Shares plummeted 10% in premarket trading as investors reacted to weaker-than-expected sales of the company's high-profile drugs, Zepbound and Mounjaro. 
Eli Lilly & Co. faced a sharp downturn in its stock price on Wednesday after the pharmaceutical giant posted disappointing third-quarter earnings and lowered its profit guidance for the year. Shares plummeted 10% in premarket trading as investors reacted to weaker-than-expected sales of the company's high-profile drugs, Zepbound and Mounjaro. -
Pfizer Surges in Q3 on Paxlovid Demand, Raises Full-Year Forecasts
Pfizer's third-quarter performance exceeded expectations, driven by a surge in demand for its COVID-19 treatment Paxlovid, along with steady growth from its other pharmaceutical products. The company reported $17.7 billion in total revenue for the quarter, a 31% increase from the same period last year, with adjusted earnings of $1.06 per share. This beat analyst expectations of $14.92 billion in revenue and 61 cents per share, according to FactSet. 
Pfizer's third-quarter performance exceeded expectations, driven by a surge in demand for its COVID-19 treatment Paxlovid, along with steady growth from its other pharmaceutical products. The company reported $17.7 billion in total revenue for the quarter, a 31% increase from the same period last year, with adjusted earnings of $1.06 per share. This beat analyst expectations of $14.92 billion in revenue and 61 cents per share, according to FactSet. -
Volkswagen to Close Three German Plants, Cut Pay Amid Financial Struggles
Volkswagen AG is planning to shut down at least three factories in Germany, lay off thousands of workers, and implement a 10% pay cut as part of a sweeping overhaul aimed at addressing mounting financial pressures. The automaker is grappling with weak sales, increased competition from Chinese electric vehicle manufacturers, and rising costs for energy, materials, and labor. 
Volkswagen AG is planning to shut down at least three factories in Germany, lay off thousands of workers, and implement a 10% pay cut as part of a sweeping overhaul aimed at addressing mounting financial pressures. The automaker is grappling with weak sales, increased competition from Chinese electric vehicle manufacturers, and rising costs for energy, materials, and labor. -
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.
