Jonathan Wong
The Latest
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Chevron’s El Segundo Refinery Fire Knocks Out Units, Jet Fuel Prices Surge 33 Cents
A massive fire erupted late Thursday at Chevron's El Segundo refinery in Southern California, forcing multiple units offline and raising concerns about jet fuel supplies at Los Angeles International Airport and gasoline prices across the state. 
A massive fire erupted late Thursday at Chevron's El Segundo refinery in Southern California, forcing multiple units offline and raising concerns about jet fuel supplies at Los Angeles International Airport and gasoline prices across the state. -
BlackRock’s GIP Nears $40 Billion Aligned Data Centers Takeover
Global Infrastructure Partners, the BlackRock-owned investment firm, is in advanced talks to acquire Aligned Data Centers in a deal that could value the Texas-based operator at about $40 billion, according to people familiar with the matter. The potential transaction would mark one of the largest private data center acquisitions ever, underscoring the scramble for digital infrastructure powering the artificial intelligence boom. 
Global Infrastructure Partners, the BlackRock-owned investment firm, is in advanced talks to acquire Aligned Data Centers in a deal that could value the Texas-based operator at about $40 billion, according to people familiar with the matter. The potential transaction would mark one of the largest private data center acquisitions ever, underscoring the scramble for digital infrastructure powering the artificial intelligence boom. -
Abu Dhabi Royals to Buy 15% of TikTok U.S. as Trump Clears $14 Billion Deal
Abu Dhabi's royal family will take a 15% stake in TikTok's U.S. business under a $14 billion deal brokered by President Donald Trump, a move that shifts majority control of the video-sharing platform to American investors after years of national security wrangling over Chinese ownership. 
Abu Dhabi's royal family will take a 15% stake in TikTok's U.S. business under a $14 billion deal brokered by President Donald Trump, a move that shifts majority control of the video-sharing platform to American investors after years of national security wrangling over Chinese ownership. -
TikTok U.S. Valued at $14 Billion in Trump-Backed Deal, Analysts Call Price ‘Daylight Robbery’
President Donald Trump on Thursday signed an executive order approving a plan to keep TikTok operating in the U.S., greenlighting a deal that Vice President JD Vance said values the business at $14 billion - far below what many analysts expected. 
President Donald Trump on Thursday signed an executive order approving a plan to keep TikTok operating in the U.S., greenlighting a deal that Vice President JD Vance said values the business at $14 billion - far below what many analysts expected. -
Amazon to Pay $2.5 Billion in Record FTC Prime Settlement, Refunds 35 Million Customers
Amazon will pay $2.5 billion to settle Federal Trade Commission allegations that it misled millions of consumers into signing up for Prime memberships and obstructed their ability to cancel, ending a two-year legal battle and one of the agency's most closely watched subscription cases. 
Amazon will pay $2.5 billion to settle Federal Trade Commission allegations that it misled millions of consumers into signing up for Prime memberships and obstructed their ability to cancel, ending a two-year legal battle and one of the agency's most closely watched subscription cases. -
Starbucks to Shut 400+ Stores, Cut 900 Jobs in $1 Billion Restructuring Plan
Starbucks Corp. is closing hundreds of underperforming cafés and cutting another 900 corporate jobs as part of a $1 billion restructuring plan aimed at reversing a prolonged sales slump in its largest market. The sweeping overhaul marks the second round of layoffs under CEO Brian Niccol, who has sought to revive the coffee giant's growth since taking the helm last year. 
Starbucks Corp. is closing hundreds of underperforming cafés and cutting another 900 corporate jobs as part of a $1 billion restructuring plan aimed at reversing a prolonged sales slump in its largest market. The sweeping overhaul marks the second round of layoffs under CEO Brian Niccol, who has sought to revive the coffee giant's growth since taking the helm last year. -
Alibaba Shares Surge Nearly 10% After Nvidia Partnership, $53B AI Investment Boost
Alibaba Group Holding Ltd. shares surged nearly 10% in Hong Kong and U.S. premarket trading Wednesday after the Chinese technology giant announced a major expansion of its artificial intelligence ambitions, unveiling a partnership with Nvidia, new global data centers, and its most advanced language model to date. 
Alibaba Group Holding Ltd. shares surged nearly 10% in Hong Kong and U.S. premarket trading Wednesday after the Chinese technology giant announced a major expansion of its artificial intelligence ambitions, unveiling a partnership with Nvidia, new global data centers, and its most advanced language model to date. -
Pfizer Bets Big on Obesity Market With $7.3 Billion Metsera Acquisition
Pfizer is making its most aggressive move yet to capture a share of the booming obesity drug market, announcing Monday it will acquire biotech firm Metsera in a deal valued at up to $7.3 billion, including future milestone payments. The purchase gives Pfizer access to a pipeline of next-generation weight-loss therapies as competition in the space intensifies. 
Pfizer is making its most aggressive move yet to capture a share of the booming obesity drug market, announcing Monday it will acquire biotech firm Metsera in a deal valued at up to $7.3 billion, including future milestone payments. The purchase gives Pfizer access to a pipeline of next-generation weight-loss therapies as competition in the space intensifies. -
Tim Cook Denies iPhone Price Hikes Are Tariff-Driven, Calls iPhone 17 Launch Apple’s ‘Super Bowl’
Apple CEO Tim Cook pushed back against speculation that the company's latest iPhone price increases are tied to President Donald Trump's tariffs, saying on Friday that "there's no increase for tariffs in the prices to be totally clear." Cook made the remarks during a CNBC interview at Apple's flagship Fifth Avenue store in New York, where he was met by massive crowds celebrating the iPhone 17 launch. 
Apple CEO Tim Cook pushed back against speculation that the company's latest iPhone price increases are tied to President Donald Trump's tariffs, saying on Friday that "there's no increase for tariffs in the prices to be totally clear." Cook made the remarks during a CNBC interview at Apple's flagship Fifth Avenue store in New York, where he was met by massive crowds celebrating the iPhone 17 launch. -
Paramount Skydance Eyes $22–$24 per Share Bid for Warner Bros. Discovery
Paramount Skydance is preparing a bid for Warner Bros. Discovery that could value the media company at $22 to $24 a share, CNBC's David Faber reported Friday, citing people familiar with the matter. The potential offer, which may take longer to materialize than initially expected, would be largely cash-backed and could reshape the media landscape. 
Paramount Skydance is preparing a bid for Warner Bros. Discovery that could value the media company at $22 to $24 a share, CNBC's David Faber reported Friday, citing people familiar with the matter. The potential offer, which may take longer to materialize than initially expected, would be largely cash-backed and could reshape the media landscape.
