Jonathan Wong
The Latest
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Spirit Airlines Shares Surge on Job Cuts and $519 Million Aircraft Sale to Shore Up Finances
Spirit Airlines (SAVE) shares surged by 12% in premarket trading on Friday after the budget carrier announced plans to cut jobs and sell planes in a bid to stabilize its finances and return to profitability. In a regulatory filing, Spirit outlined $80 million in annualized cost reductions that are expected to start early next year, primarily driven by a reduction in workforce that aligns with the airline's expected decrease in flight volume. 
Spirit Airlines (SAVE) shares surged by 12% in premarket trading on Friday after the budget carrier announced plans to cut jobs and sell planes in a bid to stabilize its finances and return to profitability. In a regulatory filing, Spirit outlined $80 million in annualized cost reductions that are expected to start early next year, primarily driven by a reduction in workforce that aligns with the airline's expected decrease in flight volume. -
Tesla Stock Surges on Strong Q3 Earnings and Promises of Affordable EVs in 2025
Tesla shares surged in premarket trading on Thursday, rising as much as 14.5%, following the company's third-quarter earnings report that exceeded Wall Street's expectations in several key areas. Despite a slight revenue miss, investors responded positively to strong growth in vehicle deliveries, higher-than-expected margins, and optimism from CEO Elon Musk about the company's future growth prospects. 
Tesla shares surged in premarket trading on Thursday, rising as much as 14.5%, following the company's third-quarter earnings report that exceeded Wall Street's expectations in several key areas. Despite a slight revenue miss, investors responded positively to strong growth in vehicle deliveries, higher-than-expected margins, and optimism from CEO Elon Musk about the company's future growth prospects. -
UPS Stock Jumps as Q3 Earnings Beat Expectations, but Full-Year Revenue Outlook Lowered
UPS saw a notable rise in its stock on Thursday after reporting third-quarter results that exceeded analysts' expectations. The shipping giant reported $22.2 billion in revenue, surpassing the consensus estimate of $21.94 billion, according to Visible Alpha. 
UPS saw a notable rise in its stock on Thursday after reporting third-quarter results that exceeded analysts' expectations. The shipping giant reported $22.2 billion in revenue, surpassing the consensus estimate of $21.94 billion, according to Visible Alpha. -
Boeing Strike Extends as Workers Reject New Wage Deal, Costing Company $1 Billion Per Month
Boeing's ongoing labor strike shows no sign of ending soon, as factory workers voted to reject the company's latest contract offer, extending the strike that has already lasted more than five weeks. On Wednesday, 64% of Boeing machinists voted against the new deal, which included a proposed 35% wage increase over four years. The rejection marks a significant setback for Boeing's new CEO, Kelly Ortberg, who has made resolving labor issues a priority as the aerospace giant grapples with financial woes. 
Boeing's ongoing labor strike shows no sign of ending soon, as factory workers voted to reject the company's latest contract offer, extending the strike that has already lasted more than five weeks. On Wednesday, 64% of Boeing machinists voted against the new deal, which included a proposed 35% wage increase over four years. The rejection marks a significant setback for Boeing's new CEO, Kelly Ortberg, who has made resolving labor issues a priority as the aerospace giant grapples with financial woes. -
Tesla's Stock Surges as Tesla's Q3 Profits Soar 17%, Musk Predicts Bold 30% Growth Despite Rising Competition and Regulatory Scrutiny
Tesla's third-quarter earnings exceeded analysts' predictions, propelling the company's shares up by 12% in after-hours trading. The electric vehicle giant posted a net income of $2.17 billion, marking a significant 17.3% year-over-year increase. Earnings per share reached 72 cents, well above Wall Street's expectations of 58 cents, though total revenue of $25.18 billion narrowly missed the forecasted $25.37 billion. 
Tesla's third-quarter earnings exceeded analysts' predictions, propelling the company's shares up by 12% in after-hours trading. The electric vehicle giant posted a net income of $2.17 billion, marking a significant 17.3% year-over-year increase. Earnings per share reached 72 cents, well above Wall Street's expectations of 58 cents, though total revenue of $25.18 billion narrowly missed the forecasted $25.37 billion. -
American Airlines Fined $50 Million for Mishandling Passengers with Disabilities
American Airlines has been fined $50 million by the U.S. Department of Transportation (DOT) for violations of disability protections between 2019 and 2023, marking a record-setting penalty for mishandling passengers with disabilities. The airline, according to the DOT, consistently failed to meet standards for providing safe, timely assistance to passengers using wheelchairs and other mobility devices, often resulting in damaged equipment and injuries to travelers. 
American Airlines has been fined $50 million by the U.S. Department of Transportation (DOT) for violations of disability protections between 2019 and 2023, marking a record-setting penalty for mishandling passengers with disabilities. The airline, according to the DOT, consistently failed to meet standards for providing safe, timely assistance to passengers using wheelchairs and other mobility devices, often resulting in damaged equipment and injuries to travelers. -
Goldfish Aims to Hook Adult Snackers with Playful Rebranding as 'Chilean Sea Bass'
Goldfish, the beloved snack known for its kid-friendly appeal, is taking a surprising turn with a new name aimed at attracting an older audience. Pepperidge Farm, the company behind the iconic fish-shaped crackers, announced a limited-time rebranding of the snack to "Chilean Sea Bass," in a bid to appeal to adult consumers. 
Goldfish, the beloved snack known for its kid-friendly appeal, is taking a surprising turn with a new name aimed at attracting an older audience. Pepperidge Farm, the company behind the iconic fish-shaped crackers, announced a limited-time rebranding of the snack to "Chilean Sea Bass," in a bid to appeal to adult consumers. -
Boeing Faces $6 Billion Loss as New CEO Ortberg Targets Leaner Future Amid Ongoing Strike
Boeing, grappling with a prolonged strike and escalating production challenges, reported a staggering $6 billion loss for the third quarter, its worst financial hit since the COVID-19 pandemic upended the aviation industry. New CEO Kelly Ortberg, who took the helm in August, delivered a sobering yet hopeful outlook as he pledged to steer the embattled aerospace giant toward a leaner, more efficient future. 
Boeing, grappling with a prolonged strike and escalating production challenges, reported a staggering $6 billion loss for the third quarter, its worst financial hit since the COVID-19 pandemic upended the aviation industry. New CEO Kelly Ortberg, who took the helm in August, delivered a sobering yet hopeful outlook as he pledged to steer the embattled aerospace giant toward a leaner, more efficient future. -
McDonald's Faces Public Backlash and Stock Drop Amid E. Coli Outbreak Linked to Quarter Pounders
McDonald's is grappling with a growing crisis following an E. coli outbreak linked to its popular Quarter Pounder hamburger, which has left one person dead and 10 hospitalized. The outbreak, concentrated primarily in Colorado and Nebraska, has prompted the fast-food giant to engage in extensive damage control as it works to reassure customers and mitigate the fallout from the incident. 
McDonald's is grappling with a growing crisis following an E. coli outbreak linked to its popular Quarter Pounder hamburger, which has left one person dead and 10 hospitalized. The outbreak, concentrated primarily in Colorado and Nebraska, has prompted the fast-food giant to engage in extensive damage control as it works to reassure customers and mitigate the fallout from the incident. -
Walmart Expands Prescription Delivery Service Nationwide as CVS and Walgreens Close Hundreds of Stores
Walmart is stepping up its competition in the health care space with the launch of a new prescription delivery service that promises to bring medications directly to customers' doorsteps. As CVS and Walgreens face financial challenges and close hundreds of stores across the U.S., Walmart's latest move could reshape the pharmacy landscape by offering a more convenient, seamless shopping experience for millions of Americans. 
Walmart is stepping up its competition in the health care space with the launch of a new prescription delivery service that promises to bring medications directly to customers' doorsteps. As CVS and Walgreens face financial challenges and close hundreds of stores across the U.S., Walmart's latest move could reshape the pharmacy landscape by offering a more convenient, seamless shopping experience for millions of Americans.
