Jonathan Wong
The Latest
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Southwest Airlines Chairman Gary Kelly to Retire Amid Pressure from Activist Investor Elliott
Southwest Airlines is set to undergo significant leadership changes as longtime Chairman and former CEO Gary Kelly announced his retirement, a move that comes after mounting pressure from activist investor Elliott Investment Management. The Dallas-based airline, known for its once-stellar financial performance and innovative business model, has faced growing scrutiny over its recent struggles in a competitive and evolving airline industry. 
Southwest Airlines is set to undergo significant leadership changes as longtime Chairman and former CEO Gary Kelly announced his retirement, a move that comes after mounting pressure from activist investor Elliott Investment Management. The Dallas-based airline, known for its once-stellar financial performance and innovative business model, has faced growing scrutiny over its recent struggles in a competitive and evolving airline industry. -
Norfolk Southern’s CEO Alan Shaw to Step Down Amid Misconduct Allegations, Shares Rise
Norfolk Southern Corporation, one of North America's largest railroads, is embroiled in controversy as its CEO, Alan Shaw, is under investigation for alleged ethical lapses. The Atlanta-based company confirmed the investigation on Monday, marking the latest in a series of challenges for Shaw, who has faced mounting pressure since assuming the top role in May 2022. 
Norfolk Southern Corporation, one of North America's largest railroads, is embroiled in controversy as its CEO, Alan Shaw, is under investigation for alleged ethical lapses. The Atlanta-based company confirmed the investigation on Monday, marking the latest in a series of challenges for Shaw, who has faced mounting pressure since assuming the top role in May 2022. -
Google Faces Second Major Antitrust Challenge as DOJ Seeks to Break Up Ad Business
The Biden administration is intensifying its campaign against Google, launching a second significant antitrust case that seeks to dismantle the tech giant's dominance in the digital advertising industry. This legal battle, which began in a federal courtroom in Alexandria, Virginia, on Monday, represents one of the most ambitious government efforts to challenge the power of a U.S. corporation in decades. 
The Biden administration is intensifying its campaign against Google, launching a second significant antitrust case that seeks to dismantle the tech giant's dominance in the digital advertising industry. This legal battle, which began in a federal courtroom in Alexandria, Virginia, on Monday, represents one of the most ambitious government efforts to challenge the power of a U.S. corporation in decades. -
Boeing Offers 25% Pay Hike in Historic Deal to Avoid Strike as Union Vote Looms; Stock Surges
Boeing has put forth a significant offer to its employees-a 25% pay increase over the next four years-in a bid to prevent a potentially crippling strike that could halt its production lines as early as this week. The proposed deal, which also includes enhanced healthcare and retirement benefits, comes at a crucial time for the aerospace giant as it grapples with ongoing financial challenges and attempts to rebuild its tarnished reputation. 
Boeing has put forth a significant offer to its employees-a 25% pay increase over the next four years-in a bid to prevent a potentially crippling strike that could halt its production lines as early as this week. The proposed deal, which also includes enhanced healthcare and retirement benefits, comes at a crucial time for the aerospace giant as it grapples with ongoing financial challenges and attempts to rebuild its tarnished reputation. -
Toyota Revises Down 2026 Global EV Output by 30%, Citing Market Slowdown
Shift in electric vehicle strategy comes as global demand softens, impacting automaker's ambitious targets. 
Shift in electric vehicle strategy comes as global demand softens, impacting automaker's ambitious targets. -
7-Eleven Owner Rejects $38 Billion Takeover Bid, Citing ‘Gross Undervaluation’ and Regulatory Hurdles
Seven & i Holdings turns down a $38.6 billion offer from Alimentation Couche-Tard, citing concerns over valuation and regulatory challenges, while keeping the door open for future negotiations. 
Seven & i Holdings turns down a $38.6 billion offer from Alimentation Couche-Tard, citing concerns over valuation and regulatory challenges, while keeping the door open for future negotiations. -
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.
