Jonathan Wong
The Latest
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Delta Faces Continued Flight Disruptions Amid Fallout from Global IT Outage
Delta Air Lines is grappling with the aftermath of a significant IT outage that has caused widespread flight cancellations and delays, leaving thousands of travelers stranded. The disruption began on Friday, stemming from a faulty CrowdStrike update that paralyzed Windows-based programs across multiple industries, including aviation, banking, and healthcare. 
Delta Air Lines is grappling with the aftermath of a significant IT outage that has caused widespread flight cancellations and delays, leaving thousands of travelers stranded. The disruption began on Friday, stemming from a faulty CrowdStrike update that paralyzed Windows-based programs across multiple industries, including aviation, banking, and healthcare. -
Ford Shifts Focus to Super Duty Trucks, Plans $3 Billion Expansion in Canada
Ford Motor Company announced a $3 billion investment to expand production of its large Super Duty trucks at a Canadian plant initially earmarked for electric vehicle (EV) production. The decision underscores the automaker's response to robust demand for its profitable commercial vehicles amid evolving market dynamics. 
Ford Motor Company announced a $3 billion investment to expand production of its large Super Duty trucks at a Canadian plant initially earmarked for electric vehicle (EV) production. The decision underscores the automaker's response to robust demand for its profitable commercial vehicles amid evolving market dynamics. -
SEC Sues Trump Media SPAC Ex-CEO Patrick Orlando for Alleged Fraud
The U.S. Securities and Exchange Commission (SEC) has filed a lawsuit against Patrick Orlando, the former CEO of Digital World Acquisition Corp. (DWAC), the special purpose acquisition company (SPAC) that merged with Trump Media & Technology Group. The lawsuit alleges that Orlando misled investors and regulators about the company's intentions and actions leading up to the merger with Donald Trump's social media startup, Truth Social. 
The U.S. Securities and Exchange Commission (SEC) has filed a lawsuit against Patrick Orlando, the former CEO of Digital World Acquisition Corp. (DWAC), the special purpose acquisition company (SPAC) that merged with Trump Media & Technology Group. The lawsuit alleges that Orlando misled investors and regulators about the company's intentions and actions leading up to the merger with Donald Trump's social media startup, Truth Social. -
Nokia Shares Plunge Amid Weak 5G Demand, Hopes for Recovery in Second Half
Shares of Finnish telecom giant Nokia plummeted on Thursday following the company's report of a significant decline in second-quarter operating profit, attributed to weak demand for its 5G equipment. The Helsinki-listed stock dropped 8% by 9 a.m. London time, shortly after the market opened. 
Shares of Finnish telecom giant Nokia plummeted on Thursday following the company's report of a significant decline in second-quarter operating profit, attributed to weak demand for its 5G equipment. The Helsinki-listed stock dropped 8% by 9 a.m. London time, shortly after the market opened. -
United Airlines Reports 23% Profit Jump, but Forecast Misses Amid Industry Challenges
United Airlines reported a robust 23% increase in second-quarter profit, driven by strong demand for international travel. However, the airline's third-quarter forecast fell short of Wall Street expectations due to industry-wide overcapacity, which has pressured airfares. 
United Airlines reported a robust 23% increase in second-quarter profit, driven by strong demand for international travel. However, the airline's third-quarter forecast fell short of Wall Street expectations due to industry-wide overcapacity, which has pressured airfares. -
Amazon Workers Reject Union Recognition by Narrow Margin in Historic Vote
In a closely watched and historic ballot, workers at Amazon's Coventry warehouse narrowly rejected union recognition, marking a significant moment in labor relations for the e-commerce giant in the UK. The vote, which could have forced Amazon to recognize a union for the first time in the country, was decided by a slim margin, with 50.5% voting against and 49.5% in favor, a difference of just 29 votes. 
In a closely watched and historic ballot, workers at Amazon's Coventry warehouse narrowly rejected union recognition, marking a significant moment in labor relations for the e-commerce giant in the UK. The vote, which could have forced Amazon to recognize a union for the first time in the country, was decided by a slim margin, with 50.5% voting against and 49.5% in favor, a difference of just 29 votes. -
GM Boosts Production of High-Performance Cadillac Escalade Amid Surging Demand
General Motors (GM) is ramping up production of its high-performance Cadillac Escalade V-Series model as part of a comprehensive update to the flagship SUV for the 2025 model year. This move comes in response to heightened demand for the luxury vehicle, which has been a cornerstone of Cadillac's lineup and a significant profit driver for GM. 
General Motors (GM) is ramping up production of its high-performance Cadillac Escalade V-Series model as part of a comprehensive update to the flagship SUV for the 2025 model year. This move comes in response to heightened demand for the luxury vehicle, which has been a cornerstone of Cadillac's lineup and a significant profit driver for GM. -
Spirit Airlines Slashes Q2 Revenue Outlook Amid Non-Ticket Revenue Dip
Spirit Airlines, known for its ultra-low-cost fares, has revised its revenue expectations for the second quarter, attributing the downgrade to weaker-than-expected non-ticket revenue. This announcement, made on Tuesday, led to a significant drop in the airline's shares, which fell over 6% in after-hours trading. 
Spirit Airlines, known for its ultra-low-cost fares, has revised its revenue expectations for the second quarter, attributing the downgrade to weaker-than-expected non-ticket revenue. This announcement, made on Tuesday, led to a significant drop in the airline's shares, which fell over 6% in after-hours trading. -
Elon Musk to Move X and SpaceX HQ Out of California Amid Controversial Law
Elon Musk announced a significant relocation for two of his major companies, SpaceX and X (formerly known as Twitter), from California to Texas. This decision comes in the wake of a new California law that prevents school districts from mandating parental notification of a child's gender identity change, which Musk claims is the last straw among several state policies he opposes. 
Elon Musk announced a significant relocation for two of his major companies, SpaceX and X (formerly known as Twitter), from California to Texas. This decision comes in the wake of a new California law that prevents school districts from mandating parental notification of a child's gender identity change, which Musk claims is the last straw among several state policies he opposes. -
Bank of America Exceeds Q2 Expectations Amid Investment Banking Gains
Bank of America (BAC) has reported better-than-expected second-quarter revenue and profit, buoyed by a significant rise in investment banking and asset management fees. Despite facing challenges from higher interest rates affecting its consumer operations, the bank managed to leverage its Wall Street operations to deliver solid financial results. 
Bank of America (BAC) has reported better-than-expected second-quarter revenue and profit, buoyed by a significant rise in investment banking and asset management fees. Despite facing challenges from higher interest rates affecting its consumer operations, the bank managed to leverage its Wall Street operations to deliver solid financial results.
