Jonathan Wong
The Latest
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Comcast Considers Spinning Off Cable Networks as Streaming Takes Priority
Comcast Corporation announced on Thursday that it is considering a strategic move to separate its cable networks into a standalone entity, potentially creating a publicly traded company dedicated to its portfolio of cable channels. The decision, which would not include its NBC broadcast network or Peacock streaming service, underscores Comcast's focus on bolstering its streaming and digital assets as traditional cable television faces a steady decline. 
Comcast Corporation announced on Thursday that it is considering a strategic move to separate its cable networks into a standalone entity, potentially creating a publicly traded company dedicated to its portfolio of cable channels. The decision, which would not include its NBC broadcast network or Peacock streaming service, underscores Comcast's focus on bolstering its streaming and digital assets as traditional cable television faces a steady decline. -
Microsoft Shares Dip as Cloud Growth Slows Amid AI-Driven Data Center Constraints
Microsoft Corp. saw its shares decline following a forecast of slower growth in its cloud-computing division, reflecting the strain on the company's data center capacity as it ramps up AI infrastructure. Despite an otherwise strong quarterly earnings report, Microsoft's projections for Azure cloud revenue spooked investors, highlighting the challenge of meeting skyrocketing demand for AI-powered services while managing costly expansion efforts. 
Microsoft Corp. saw its shares decline following a forecast of slower growth in its cloud-computing division, reflecting the strain on the company's data center capacity as it ramps up AI infrastructure. Despite an otherwise strong quarterly earnings report, Microsoft's projections for Azure cloud revenue spooked investors, highlighting the challenge of meeting skyrocketing demand for AI-powered services while managing costly expansion efforts. -
Reddit Stock Soars as Social Media Giant Posts First-Ever Profit, Beats Revenue Expectations
Reddit has made a remarkable turnaround, reporting its first-ever profit in its nearly 20-year history, a significant milestone for the social media giant that went public earlier this year. Reddit's shares surged by 24% in premarket trading on Wednesday after the company announced its third-quarter earnings, which far exceeded Wall Street's expectations. 
Reddit has made a remarkable turnaround, reporting its first-ever profit in its nearly 20-year history, a significant milestone for the social media giant that went public earlier this year. Reddit's shares surged by 24% in premarket trading on Wednesday after the company announced its third-quarter earnings, which far exceeded Wall Street's expectations. -
Trump Media Stock Soars Amid Election Speculation, Surpasses Elon Musk's X Valuation
Trump Media & Technology Group (TMTG), the parent company of the social media platform Truth Social, has experienced a remarkable surge in stock value, climbing by more than 200% in the past month. 
Trump Media & Technology Group (TMTG), the parent company of the social media platform Truth Social, has experienced a remarkable surge in stock value, climbing by more than 200% in the past month. -
AMD Stock Plummets After Q4 Outlook Misses Expectations Despite Strong AI Growth
Advanced Micro Devices (AMD) saw its stock tumble nearly 8% in premarket trading after releasing third-quarter earnings for fiscal 2024 that, while in line with expectations, were overshadowed by a slightly lower-than-anticipated outlook for the fourth quarter. T 
Advanced Micro Devices (AMD) saw its stock tumble nearly 8% in premarket trading after releasing third-quarter earnings for fiscal 2024 that, while in line with expectations, were overshadowed by a slightly lower-than-anticipated outlook for the fourth quarter. T -
Eli Lilly Stock Plummets 10% After Missed Earnings and Profit Warning Amid Supply Challenges
Eli Lilly & Co. faced a sharp downturn in its stock price on Wednesday after the pharmaceutical giant posted disappointing third-quarter earnings and lowered its profit guidance for the year. Shares plummeted 10% in premarket trading as investors reacted to weaker-than-expected sales of the company's high-profile drugs, Zepbound and Mounjaro. 
Eli Lilly & Co. faced a sharp downturn in its stock price on Wednesday after the pharmaceutical giant posted disappointing third-quarter earnings and lowered its profit guidance for the year. Shares plummeted 10% in premarket trading as investors reacted to weaker-than-expected sales of the company's high-profile drugs, Zepbound and Mounjaro. -
Pfizer Surges in Q3 on Paxlovid Demand, Raises Full-Year Forecasts
Pfizer's third-quarter performance exceeded expectations, driven by a surge in demand for its COVID-19 treatment Paxlovid, along with steady growth from its other pharmaceutical products. The company reported $17.7 billion in total revenue for the quarter, a 31% increase from the same period last year, with adjusted earnings of $1.06 per share. This beat analyst expectations of $14.92 billion in revenue and 61 cents per share, according to FactSet. 
Pfizer's third-quarter performance exceeded expectations, driven by a surge in demand for its COVID-19 treatment Paxlovid, along with steady growth from its other pharmaceutical products. The company reported $17.7 billion in total revenue for the quarter, a 31% increase from the same period last year, with adjusted earnings of $1.06 per share. This beat analyst expectations of $14.92 billion in revenue and 61 cents per share, according to FactSet. -
Volkswagen to Close Three German Plants, Cut Pay Amid Financial Struggles
Volkswagen AG is planning to shut down at least three factories in Germany, lay off thousands of workers, and implement a 10% pay cut as part of a sweeping overhaul aimed at addressing mounting financial pressures. The automaker is grappling with weak sales, increased competition from Chinese electric vehicle manufacturers, and rising costs for energy, materials, and labor. 
Volkswagen AG is planning to shut down at least three factories in Germany, lay off thousands of workers, and implement a 10% pay cut as part of a sweeping overhaul aimed at addressing mounting financial pressures. The automaker is grappling with weak sales, increased competition from Chinese electric vehicle manufacturers, and rising costs for energy, materials, and labor. -
Boeing Seeks Up to $19 Billion Amid Strikes and Safety Concerns
Boeing Co. is looking to raise up to approximately $19 billion through a stock offering as the aerospace giant grapples with liquidity issues exacerbated by a contentious worker strike and ongoing safety concerns. The company announced on Monday that it plans to offer 90 million shares of common stock and $5 billion in depositary shares. 
Boeing Co. is looking to raise up to approximately $19 billion through a stock offering as the aerospace giant grapples with liquidity issues exacerbated by a contentious worker strike and ongoing safety concerns. The company announced on Monday that it plans to offer 90 million shares of common stock and $5 billion in depositary shares. -
Quarter Pounders Return as McDonald's Rules Out Beef in E. Coli Investigation
McDonald's Corp. announced on Sunday that it has ruled out its beef patties as the source of a recent E. coli outbreak linked to its Quarter Pounder hamburgers, which has resulted in at least one death and sickened nearly 75 people across 13 states. The fast-food giant is preparing to resume sales of the popular burger after pulling it from approximately one-fifth of its U.S. restaurants as a precautionary measure. 
McDonald's Corp. announced on Sunday that it has ruled out its beef patties as the source of a recent E. coli outbreak linked to its Quarter Pounder hamburgers, which has resulted in at least one death and sickened nearly 75 people across 13 states. The fast-food giant is preparing to resume sales of the popular burger after pulling it from approximately one-fifth of its U.S. restaurants as a precautionary measure.
