Jonathan Wong
The Latest
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Ford Opens EV Sales to All Dealers, Expanding Reach to Over 90% of Americans
Ford Motor Company announced Thursday that it will enable all its dealers to sell and service EVs. This move is expected to bring over 90% of Americans within a 25-mile radius of a Ford dealership offering electric models, significantly expanding the company's EV market reach. 
Ford Motor Company announced Thursday that it will enable all its dealers to sell and service EVs. This move is expected to bring over 90% of Americans within a 25-mile radius of a Ford dealership offering electric models, significantly expanding the company's EV market reach. -
J&J Reaches $700 Million Settlement Over Talc-Based Product Marketing
Johnson & Johnson has agreed to a $700 million settlement with 42 U.S. states and Washington, D.C., over allegations that the company misled consumers about the safety of its talc-based products, which have been blamed for allegedly causing cancer. This settlement concludes a major investigation into the marketing practices of the pharmaceutical giant, which had sold talc-based baby powder and other products for over a century. 
Johnson & Johnson has agreed to a $700 million settlement with 42 U.S. states and Washington, D.C., over allegations that the company misled consumers about the safety of its talc-based products, which have been blamed for allegedly causing cancer. This settlement concludes a major investigation into the marketing practices of the pharmaceutical giant, which had sold talc-based baby powder and other products for over a century. -
GameStop Raises $2 Billion Amid Meme Stock Resurgence
GameStop has capitalized on the renewed fervor surrounding meme stocks, successfully raising over $2 billion through an equity offering. The video game retailer announced on Tuesday evening that it had completed an at-the-market equity offering, selling 75 million shares, the maximum allowed, and raising $2.14 billion in the process. 
GameStop has capitalized on the renewed fervor surrounding meme stocks, successfully raising over $2 billion through an equity offering. The video game retailer announced on Tuesday evening that it had completed an at-the-market equity offering, selling 75 million shares, the maximum allowed, and raising $2.14 billion in the process. -
Redstone Ends Paramount-Skydance Merger Talks, Causing Paramount Stock to Plummet
Paramount Global (PARA) shares tumbled nearly 8% on Tuesday after Shari Redstone, who controls the company through her family's holding company National Amusements (NAI), abruptly ended merger talks with Skydance Media. 
Paramount Global (PARA) shares tumbled nearly 8% on Tuesday after Shari Redstone, who controls the company through her family's holding company National Amusements (NAI), abruptly ended merger talks with Skydance Media. -
Apple's Stock Surges Over 6%, Hits New High as Analysts Predict iPhone Supercycle
On Tuesday, Apple Inc.'s stock reached a new all-time high for the first time this year, highlighting a resurgence in investor confidence. The stock surged over 6% during intraday trading, breaking the $200 mark and reaching $205.45. 
On Tuesday, Apple Inc.'s stock reached a new all-time high for the first time this year, highlighting a resurgence in investor confidence. The stock surged over 6% during intraday trading, breaking the $200 mark and reaching $205.45. -
Activist Investor Elliott Takes $1.9 Billion Stake in Southwest Airlines, Demands Leadership Change
Southwest Airlines finds itself at the center of an activist investor storm as Elliott Investment Management reveals a significant $1.9 billion stake in the U.S. carrier. This move, disclosed by The Wall Street Journal on Sunday, has propelled Southwest's shares by approximately 7% in premarket trading on Monday. Elliott, now one of Southwest's largest investors, is pushing for substantial changes to address the airline's recent underperformance. 
Southwest Airlines finds itself at the center of an activist investor storm as Elliott Investment Management reveals a significant $1.9 billion stake in the U.S. carrier. This move, disclosed by The Wall Street Journal on Sunday, has propelled Southwest's shares by approximately 7% in premarket trading on Monday. Elliott, now one of Southwest's largest investors, is pushing for substantial changes to address the airline's recent underperformance. -
GM Approves New $6 Billion Share Buyback Amid Strong Demand for Gasoline Vehicles
General Motors (GM) has unveiled a new $6 billion share buyback program, approved by its board, aimed at continuing to return capital to shareholders. This announcement comes on the heels of the completion of an accelerated $10 billion stock repurchase program, initiated in November 2023, expected to conclude by the end of this month. 
General Motors (GM) has unveiled a new $6 billion share buyback program, approved by its board, aimed at continuing to return capital to shareholders. This announcement comes on the heels of the completion of an accelerated $10 billion stock repurchase program, initiated in November 2023, expected to conclude by the end of this month. -
Nvidia's Stock Split Spurs Speculation of Dow Inclusion Amid $3 Trillion Valuation
Nvidia, the leading artificial intelligence chipmaker, recently executed a 10-for-1 stock split, drawing significant attention and sparking speculation about its potential inclusion in the Dow Jones Industrial Average. 
Nvidia, the leading artificial intelligence chipmaker, recently executed a 10-for-1 stock split, drawing significant attention and sparking speculation about its potential inclusion in the Dow Jones Industrial Average. -
Elliott Management Takes $2 Billion Stake in Southwest Airlines, Shares Surge
Southwest Airlines' stock experienced a notable surge of approximately 7% in premarket trading on Monday following a report by The Wall Street Journal revealing that activist investor Elliott Investment Management has acquired a nearly $2 billion stake in the airline. 
Southwest Airlines' stock experienced a notable surge of approximately 7% in premarket trading on Monday following a report by The Wall Street Journal revealing that activist investor Elliott Investment Management has acquired a nearly $2 billion stake in the airline. -
Tesla Looks to Small Investors for Support Amid Musk's $56 Billion Pay Package Vote
Tesla Inc. is turning to its legion of small shareholders as it seeks to gain support for Elon Musk's contentious $56 billion pay package, a move that could significantly influence the outcome of the company's annual meeting on June 13. With major institutional investors divided over the issue, the electric carmaker is leveraging its unique ownership structure, heavily populated by retail investors, to sway the vote in Musk's favor. 
Tesla Inc. is turning to its legion of small shareholders as it seeks to gain support for Elon Musk's contentious $56 billion pay package, a move that could significantly influence the outcome of the company's annual meeting on June 13. With major institutional investors divided over the issue, the electric carmaker is leveraging its unique ownership structure, heavily populated by retail investors, to sway the vote in Musk's favor.
