Jonathan Wong
The Latest
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Paramount's Future: What the Skydance Deal Means for Viewers and Hollywood
Skydance's acquisition of Paramount Global signals a new era for the iconic studio. With the deal expected to finalize early next year, the implications for the company's leadership and operations are already a hot topic. Skydance CEO David Ellison and former NBCUniversal chairman Jeff Shell, who will serve as president of the combined company, have promised a "fresh approach" to the business, prompting speculation about what this means for consumers of Paramount's diverse media offerings. 
Skydance's acquisition of Paramount Global signals a new era for the iconic studio. With the deal expected to finalize early next year, the implications for the company's leadership and operations are already a hot topic. Skydance CEO David Ellison and former NBCUniversal chairman Jeff Shell, who will serve as president of the combined company, have promised a "fresh approach" to the business, prompting speculation about what this means for consumers of Paramount's diverse media offerings. -
Boeing Admits Guilt in 737 Max Crashes, Avoids Harsh Penalties
Boeing has agreed to plead guilty to a charge of conspiracy to defraud the United States, specifically for misleading the Federal Aviation Administration (FAA) during the certification process of its 737 Max aircraft. 
Boeing has agreed to plead guilty to a charge of conspiracy to defraud the United States, specifically for misleading the Federal Aviation Administration (FAA) during the certification process of its 737 Max aircraft. -
Samsung's Stock Soars to Three-Year High on AI-Driven Profit Surge
Samsung Electronics has seen its stock reach a three-year high, buoyed by an extraordinary surge in second-quarter operating profits, driven primarily by strong demand for artificial intelligence (AI) technologies. The South Korean tech giant's shares climbed by 2.24% on Friday, reaching 86,500 Korean won ($62.73), their highest level since January 2021. 
Samsung Electronics has seen its stock reach a three-year high, buoyed by an extraordinary surge in second-quarter operating profits, driven primarily by strong demand for artificial intelligence (AI) technologies. The South Korean tech giant's shares climbed by 2.24% on Friday, reaching 86,500 Korean won ($62.73), their highest level since January 2021. -
Saks Fifth Avenue Parent HBC Acquires Neiman Marcus for $2.65 Billion, Forming Saks Global
Saks Fifth Avenue's parent company, Hudson's Bay Company (HBC), announced on Thursday that it will acquire the Neiman Marcus Group in a $2.65 billion deal. This significant transaction will merge two iconic luxury retailers, establishing a new entity called Saks Global, which will include Saks Fifth Avenue, Saks OFF 5TH, Neiman Marcus, and Bergdorf Goodman. 
Saks Fifth Avenue's parent company, Hudson's Bay Company (HBC), announced on Thursday that it will acquire the Neiman Marcus Group in a $2.65 billion deal. This significant transaction will merge two iconic luxury retailers, establishing a new entity called Saks Global, which will include Saks Fifth Avenue, Saks OFF 5TH, Neiman Marcus, and Bergdorf Goodman. -
SoftBank Stock Hits Record High, Surpassing 24-Year Peak Amid AI and Arm Investments
On Thursday, SoftBank's stock closed at 11,190 yen, hitting a historic high and surpassing its previous peak of 11,000 yen set on February 15, 2000. 
On Thursday, SoftBank's stock closed at 11,190 yen, hitting a historic high and surpassing its previous peak of 11,000 yen set on February 15, 2000. -
Ford's Sales Climb 1% in Q2, Driven by Hybrid and Electric Vehicle Surge
Ford Motor Co. reported a 1% increase in sales during the second quarter of 2024, driven primarily by a 5% gain in truck sales, the company announced on Wednesday. The automaker's truck segment, including pickups and vans, saw its best second-quarter performance since 2019, with 308,920 vehicles sold. Ford's flagship F-Series contributed significantly, with 199,463 units sold. 
Ford Motor Co. reported a 1% increase in sales during the second quarter of 2024, driven primarily by a 5% gain in truck sales, the company announced on Wednesday. The automaker's truck segment, including pickups and vans, saw its best second-quarter performance since 2019, with 308,920 vehicles sold. Ford's flagship F-Series contributed significantly, with 199,463 units sold. -
Southwest Airlines Adopts Poison Pill to Thwart Elliott Management's Activist Push
Southwest Airlines has adopted a shareholder rights plan, commonly known as a "poison pill," in response to activist hedge fund Elliott Management's investment and its push to remove CEO Bob Jordan and Chairman Gary Kelly. The move underscores Southwest's determination to fend off the aggressive maneuvers of one of the world's most successful activist investors. 
Southwest Airlines has adopted a shareholder rights plan, commonly known as a "poison pill," in response to activist hedge fund Elliott Management's investment and its push to remove CEO Bob Jordan and Chairman Gary Kelly. The move underscores Southwest's determination to fend off the aggressive maneuvers of one of the world's most successful activist investors. -
Tesla's Q2 Deliveries Exceed Expectations, Boosting Stock Price
Tesla has posted its second-quarter vehicle production and delivery numbers for 2024, surpassing Wall Street expectations and driving a significant increase in its stock price. The electric vehicle (EV) maker delivered 443,956 vehicles in the second quarter, exceeding the analyst consensus estimate of 439,000. This marked a 14.8% increase from the first quarter's 386,810 deliveries but a 4.8% decrease from the 466,140 deliveries reported in the same period last year. 
Tesla has posted its second-quarter vehicle production and delivery numbers for 2024, surpassing Wall Street expectations and driving a significant increase in its stock price. The electric vehicle (EV) maker delivered 443,956 vehicles in the second quarter, exceeding the analyst consensus estimate of 439,000. This marked a 14.8% increase from the first quarter's 386,810 deliveries but a 4.8% decrease from the 466,140 deliveries reported in the same period last year. -
Meme Stock Trader 'Roaring Kitty' Buys Major Stake in Chewy, Boosting Shares Over 10%
Shares of Chewy, the online pet food retailer, surged more than 10% in pre-market trading on Monday following the disclosure that Keith Gill, the investor better known as "Roaring Kitty," has taken a significant stake in the company. 
Shares of Chewy, the online pet food retailer, surged more than 10% in pre-market trading on Monday following the disclosure that Keith Gill, the investor better known as "Roaring Kitty," has taken a significant stake in the company. -
Boeing to Acquire Spirit AeroSystems for $4.7 Billion Amid Safety Overhaul
Boeing has struck a deal to acquire Spirit AeroSystems for $4.7 billion in an all-stock transaction. This acquisition, expected to be officially announced on Monday, signifies a pivotal shift in Boeing's strategy to regain control over critical components of its aircraft manufacturing process. Boeing has struck a deal to acquire Spirit AeroSystems for $4.7 billion in an all-stock transaction. This acquisition, expected to be officially announced on Monday, signifies a pivotal shift in Boeing's strategy to regain control over critical components of its aircraft manufacturing process.
