Jonathan Wong
The Latest
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BlackRock to Acquire UK Data Firm Preqin for $3.2 Billion, Enhancing Aladdin Platform
BlackRock has announced its agreement to acquire UK-based data group Preqin for £2.55 billion ($3.23 billion). This acquisition marks a significant expansion by the world's largest asset management company into the private markets data segment. 
BlackRock has announced its agreement to acquire UK-based data group Preqin for £2.55 billion ($3.23 billion). This acquisition marks a significant expansion by the world's largest asset management company into the private markets data segment. -
Nike's Stock Plummets After Fourth Quarter Results Highlight Ongoing Challenges
Nike Inc. (NYSE: NKE) faced significant market volatility following the release of its fourth-quarter earnings, with shares plunging over 12% in after-hours trading on Thursday. Despite being the top sponsor at the UEFA Euro 2024 football tournament, Nike's recent performance has failed to impress investors, highlighting ongoing challenges within the company. 
Nike Inc. (NYSE: NKE) faced significant market volatility following the release of its fourth-quarter earnings, with shares plunging over 12% in after-hours trading on Thursday. Despite being the top sponsor at the UEFA Euro 2024 football tournament, Nike's recent performance has failed to impress investors, highlighting ongoing challenges within the company. -
Trump Media Sees Sharp Decline After Early Gains Following Debate Performance
Trump Media & Technology Group (TMTG) shares experienced significant volatility on Friday, erasing earlier gains driven by President Joe Biden's shaky performance against Donald Trump during the first presidential debate for the 2024 election. The stock, which trades under the ticker DJT, saw a sharp rise in premarket trading but ultimately ended the day down by 5%. 
Trump Media & Technology Group (TMTG) shares experienced significant volatility on Friday, erasing earlier gains driven by President Joe Biden's shaky performance against Donald Trump during the first presidential debate for the 2024 election. The stock, which trades under the ticker DJT, saw a sharp rise in premarket trading but ultimately ended the day down by 5%. -
Uber and Lyft Agree to $175 Million Settlement, Implement $32.50 Minimum Wage for Massachusetts Drivers
Uber Technologies Inc. and Lyft Inc. have agreed to pay $175 million and implement a $32.50 hourly minimum wage for drivers in Massachusetts, according to an announcement by the state's Attorney General Andrea Joy Campbell on Thursday. T 
Uber Technologies Inc. and Lyft Inc. have agreed to pay $175 million and implement a $32.50 hourly minimum wage for drivers in Massachusetts, according to an announcement by the state's Attorney General Andrea Joy Campbell on Thursday. T -
Walmart's Sam's Club Bets on Private Label Overhaul and Technology to Compete with Costco
Walmart-owned Sam's Club is making bold moves to challenge Costco's market dominance. The strategic revamp of its private label, Member's Mark, and technological advancements are central to Sam's Club's efforts to close the revenue gap with its chief rival, Costco, whose private label, Kirkland Signature, has long been a benchmark for success. 
Walmart-owned Sam's Club is making bold moves to challenge Costco's market dominance. The strategic revamp of its private label, Member's Mark, and technological advancements are central to Sam's Club's efforts to close the revenue gap with its chief rival, Costco, whose private label, Kirkland Signature, has long been a benchmark for success. -
Boeing Sanctioned for Leaking Details on 737 Max 9 Incident Investigation
Boeing has come under fire from U.S. regulators after the National Transportation Safety Board (NTSB) accused the aerospace giant of "blatantly violating" its investigative protocols. The controversy centers around a door plug blowout incident involving a Boeing 737 Max 9 operated by Alaska Airlines in January, which left a gaping hole in the aircraft. 
Boeing has come under fire from U.S. regulators after the National Transportation Safety Board (NTSB) accused the aerospace giant of "blatantly violating" its investigative protocols. The controversy centers around a door plug blowout incident involving a Boeing 737 Max 9 operated by Alaska Airlines in January, which left a gaping hole in the aircraft. -
Boeing Admits Quality Control Failures in Alaska Air Incident, Faces NTSB Backlash
Boeing's stock took a hit this week as the aerospace giant grappled with the fallout from an Alaska Airlines incident in January, where a door plug blew off a 737 Max shortly after takeoff. The company disclosed that missing paperwork and a lack of proper documentation were key factors in the mishap, prompting sharp rebukes from safety regulators. 
Boeing's stock took a hit this week as the aerospace giant grappled with the fallout from an Alaska Airlines incident in January, where a door plug blew off a 737 Max shortly after takeoff. The company disclosed that missing paperwork and a lack of proper documentation were key factors in the mishap, prompting sharp rebukes from safety regulators. -
Walgreens Faces Financial Strain, Cuts Profit Outlook Amid Tough Consumer Environment
Shares of Walgreens plunged more than 14% on Thursday after the retail pharmacy giant reported fiscal third-quarter earnings that fell short of expectations and slashed its full-year adjusted profit outlook, citing a "challenging" environment for pharmacies and U.S. consumers. 
Shares of Walgreens plunged more than 14% on Thursday after the retail pharmacy giant reported fiscal third-quarter earnings that fell short of expectations and slashed its full-year adjusted profit outlook, citing a "challenging" environment for pharmacies and U.S. consumers. -
Chipotle's Historic 50-for-1 Stock Split: What Investors Need to Know
Chipotle Mexican Grill has executed a monumental 50-for-1 stock split, a move that marks the first in the company's history and one of the largest ever on the New York Stock Exchange. This significant event aims to make Chipotle's high-priced shares more accessible to a broader range of investors, including its employees. 
Chipotle Mexican Grill has executed a monumental 50-for-1 stock split, a move that marks the first in the company's history and one of the largest ever on the New York Stock Exchange. This significant event aims to make Chipotle's high-priced shares more accessible to a broader range of investors, including its employees. -
Southwest Airlines Lowers Revenue Forecast Amid Changing Passenger Patterns
Southwest Airlines has revised its second-quarter revenue forecast downward, attributing the adjustment to evolving booking patterns. The Dallas-based carrier now anticipates its revenue per available seat mile (RASM) to decline between 4% and 4.5%, a significant drop from the previously expected 1.5% to 3.5% decline. 
Southwest Airlines has revised its second-quarter revenue forecast downward, attributing the adjustment to evolving booking patterns. The Dallas-based carrier now anticipates its revenue per available seat mile (RASM) to decline between 4% and 4.5%, a significant drop from the previously expected 1.5% to 3.5% decline.
