Jonathan Wong
The Latest
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LVMH Chief Bernard Arnault Buys into Richemont, Fuelling Acquisition Rumors
French billionaire Bernard Arnault, chairman of LVMH, has reportedly acquired a stake in Swiss luxury conglomerate Richemont. This acquisition, reported by Bloomberg, has sparked speculation about Arnault's intentions and potential future moves in the high-stakes world of luxury brands. 
French billionaire Bernard Arnault, chairman of LVMH, has reportedly acquired a stake in Swiss luxury conglomerate Richemont. This acquisition, reported by Bloomberg, has sparked speculation about Arnault's intentions and potential future moves in the high-stakes world of luxury brands. -
Rivian Shares Surge 30% as Volkswagen Announces $1 Billion Stake in Electric Vehicle Maker
Volkswagen Group has announced a significant investment plan, pledging up to $5 billion in the U.S. electric vehicle startup Rivian. The news of an initial $1 billion investment sent Rivian's shares soaring over 30% in after-hours trading on Tuesday. 
Volkswagen Group has announced a significant investment plan, pledging up to $5 billion in the U.S. electric vehicle startup Rivian. The news of an initial $1 billion investment sent Rivian's shares soaring over 30% in after-hours trading on Tuesday. -
Amazon Prime Day 2024 Set for July 16-17: What to Expect
Amazon has officially announced that its annual Prime Day event will return on July 16 and 17 this year. The mega sale, which started in 2015, has become one of the most anticipated shopping events of the year, offering millions of deals exclusively to members of Amazon's Prime subscription service. 
Amazon has officially announced that its annual Prime Day event will return on July 16 and 17 this year. The mega sale, which started in 2015, has become one of the most anticipated shopping events of the year, offering millions of deals exclusively to members of Amazon's Prime subscription service. -
Nvidia's Market Cap Plummets by $500 Billion in Historic Three-Day Decline
Nvidia's meteoric rise and subsequent fall have culminated in a historic loss of over $500 billion in market value, the largest three-day drop for any company in history. 
Nvidia's meteoric rise and subsequent fall have culminated in a historic loss of over $500 billion in market value, the largest three-day drop for any company in history. -
Prosecutors Push for Criminal Charges Against Boeing Over 737 Max Safety Violations
U.S. prosecutors are recommending that the Department of Justice (DoJ) file criminal charges against Boeing, escalating the ongoing scrutiny over the safety issues surrounding its 737 Max aircraft. This development comes as the company faces mounting criticism for its handling of safety protocols and past crashes involving the 737 Max, which have severely tarnished its reputation. 
U.S. prosecutors are recommending that the Department of Justice (DoJ) file criminal charges against Boeing, escalating the ongoing scrutiny over the safety issues surrounding its 737 Max aircraft. This development comes as the company faces mounting criticism for its handling of safety protocols and past crashes involving the 737 Max, which have severely tarnished its reputation. -
Trump Media Rebounds as DJT Shares Recover Post-Hush Money Verdict
Trump Media & Technology Group has shown a notable recovery after a prolonged slump that saw its stock price nearly halved. The company's shares, trading under the ticker DJT on the Nasdaq, surged by over 21% on Monday, closing at $33.52. 
Trump Media & Technology Group has shown a notable recovery after a prolonged slump that saw its stock price nearly halved. The company's shares, trading under the ticker DJT on the Nasdaq, surged by over 21% on Monday, closing at $33.52. -
Fast Fashion Giant Shein Files Confidentially for London Listing, Sidestepping US Challenges
Shein, the fast-fashion behemoth, has taken a significant step toward its long-anticipated public offering by confidentially filing for an IPO with Britain's Financial Conduct Authority (FCA) in early June. This move follows the company's decision to explore the London Stock Exchange as an alternative to its original plan of listing in New York, which encountered substantial opposition from U.S. lawmakers. 
Shein, the fast-fashion behemoth, has taken a significant step toward its long-anticipated public offering by confidentially filing for an IPO with Britain's Financial Conduct Authority (FCA) in early June. This move follows the company's decision to explore the London Stock Exchange as an alternative to its original plan of listing in New York, which encountered substantial opposition from U.S. lawmakers. -
Target Partners with Shopify to Enhance Third-Party Marketplace
Target has partnered with Shopify to introduce new and trendy brands to its online marketplace, Target Plus. This collaboration aims to diversify Target's product offerings and attract a wider customer base. Starting Monday, Shopify merchants can apply to join Target Plus, giving smaller or up-and-coming brands a platform to reach Target's extensive customer base. 
Target has partnered with Shopify to introduce new and trendy brands to its online marketplace, Target Plus. This collaboration aims to diversify Target's product offerings and attract a wider customer base. Starting Monday, Shopify merchants can apply to join Target Plus, giving smaller or up-and-coming brands a platform to reach Target's extensive customer base. -
Nvidia Stock Tumbles, Erasing $500 Billion in Value
Nvidia, once the world's most valuable company for a brief moment last week, experienced a sharp decline in its stock, falling as much as 5% on Monday. This drop extended its recent slide into correction territory, marking the third consecutive day of losses for the semiconductor giant. The company's stock has now declined over 11% from its all-time high of $135.58, reached just last Tuesday. Nvidia, once the world's most valuable company for a brief moment last week, experienced a sharp decline in its stock, falling as much as 5% on Monday. This drop extended its recent slide into correction territory, marking the third consecutive day of losses for the semiconductor giant. The company's stock has now declined over 11% from its all-time high of $135.58, reached just last Tuesday. -
Bezos Under Fire as Washington Post Staff Lose Patience Over Leadership Crisis
The Washington Post is engulfed in turmoil as staff frustrations with owner Jeff Bezos reach a boiling point. Amid explosive reports questioning the ethical integrity of the newspaper's new publisher, Will Lewis, Bezos has yet to take substantial action to address the growing concerns within his newsroom. The discontent among staff is palpable, as they await meaningful intervention from the Amazon billionaire. 
The Washington Post is engulfed in turmoil as staff frustrations with owner Jeff Bezos reach a boiling point. Amid explosive reports questioning the ethical integrity of the newspaper's new publisher, Will Lewis, Bezos has yet to take substantial action to address the growing concerns within his newsroom. The discontent among staff is palpable, as they await meaningful intervention from the Amazon billionaire.
