Jonathan Wong
The Latest
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Hytera Faces Global Sales Ban and Fines in US Court Ruling Over Motorola Dispute
Shares of Hytera Communications experienced a significant downturn, hitting the daily trading limit in Shenzhen following a United States court's decision to impose a global sales ban on the Chinese firm's two-way radio products. Shares of Hytera Communications experienced a significant downturn, hitting the daily trading limit in Shenzhen following a United States court's decision to impose a global sales ban on the Chinese firm's two-way radio products. -
Musk Announces August Robotaxi Debut, Aiming to Shift Tesla's Narrative
Elon Musk, Tesla Inc.'s CEO, is gearing up to introduce a robotaxi in August, a move that appears aimed at revitalizing investor interest and reversing the downward trajectory of Tesla's stock. This announcement comes on the heels of a challenging period for the electric vehicle giant, marked by declining share prices and reports of halted plans for a more affordable EV model. Elon Musk, Tesla Inc.'s CEO, is gearing up to introduce a robotaxi in August, a move that appears aimed at revitalizing investor interest and reversing the downward trajectory of Tesla's stock. This announcement comes on the heels of a challenging period for the electric vehicle giant, marked by declining share prices and reports of halted plans for a more affordable EV model. -
TSMC to Build Advanced Chip Facilities in Arizona with $6.6 Billion U.S. Funding
The Biden administration has announced a preliminary agreement with Taiwan Semiconductor Manufacturing Company (TSMC), offering up to $6.6 billion in funding for the establishment of cutting-edge fabrication plants in Phoenix, Arizona. The Biden administration has announced a preliminary agreement with Taiwan Semiconductor Manufacturing Company (TSMC), offering up to $6.6 billion in funding for the establishment of cutting-edge fabrication plants in Phoenix, Arizona. -
Investigation Launched as Southwest Boeing 737 Loses Engine Cover
A recent incident involving a Southwest Airlines Boeing 737-800 flight from Denver to Houston has raised concerns within the aviation industry. A recent incident involving a Southwest Airlines Boeing 737-800 flight from Denver to Houston has raised concerns within the aviation industry. -
Walmart Shoppers Eligible for Up to $500 in Settlement Over Alleged Overcharging: How to Claim?
Walmart shoppers who have purchased produce or packaged meat from the retail giant in the past five years may be eligible for up to $500 as part of a class-action settlement. The $45 million settlement resolves allegations that Walmart overcharged customers for sold-by-weight products, including packaged meat and certain bagged citrus, according to legal documents. Walmart shoppers who have purchased produce or packaged meat from the retail giant in the past five years may be eligible for up to $500 as part of a class-action settlement. The $45 million settlement resolves allegations that Walmart overcharged customers for sold-by-weight products, including packaged meat and certain bagged citrus, according to legal documents. -
Johnson & Johnson Boosts Cardiac Portfolio with $13.1 Billion Shockwave Medical Acquisition
Johnson & Johnson (J&J), a leading healthcare conglomerate, recently announced a significant expansion of its medical device portfolio with the acquisition of Shockwave Medical for an impressive sum of $13.1 billion. Johnson & Johnson (J&J), a leading healthcare conglomerate, recently announced a significant expansion of its medical device portfolio with the acquisition of Shockwave Medical for an impressive sum of $13.1 billion. -
Ford Delays Electric SUV and Truck Launches, Prioritizes Hybrid Expansion
Ford Motor Company has announced strategic alterations to its electric vehicle (EV) production timeline, indicating a shift towards a more hybrid-focused approach across its North American lineup by 2030. Ford Motor Company has announced strategic alterations to its electric vehicle (EV) production timeline, indicating a shift towards a more hybrid-focused approach across its North American lineup by 2030. -
Amazon Refocuses Strategy with Hundreds of Job Cuts in AWS and Retail Tech Units
Amazon has announced the elimination of hundreds of positions within its cloud computing behemoth, Amazon Web Services (AWS), and its retail technology teams. This move, described by the company as part of a broader strategic realignment, aims to streamline operations and focus resources on areas poised for maximum impact. Amazon has announced the elimination of hundreds of positions within its cloud computing behemoth, Amazon Web Services (AWS), and its retail technology teams. This move, described by the company as part of a broader strategic realignment, aims to streamline operations and focus resources on areas poised for maximum impact. -
Americans Believe They Need $1.46 Million to Retire Comfortably, but Fall Far Short in Savings: Study
Americans have set an ambitious target for their retirement savings, with a recent study revealing that many believe they should have approximately $1.46 million stashed away to retire comfortably. However, the reality is starkly different, as most Americans, on average, have less than $89,000 saved for their golden years, according to a Northwestern Mutual study released this week. Americans have set an ambitious target for their retirement savings, with a recent study revealing that many believe they should have approximately $1.46 million stashed away to retire comfortably. However, the reality is starkly different, as most Americans, on average, have less than $89,000 saved for their golden years, according to a Northwestern Mutual study released this week. -
Disney Triumphs in Board Battle Against Hedge Funds Trian and Blackwells
In a definitive victory for Walt Disney Co., the entertainment conglomerate has successfully secured enough shareholder votes to stave off a board challenge initiated by Nelson Peltz's Trian Fund Management. In a definitive victory for Walt Disney Co., the entertainment conglomerate has successfully secured enough shareholder votes to stave off a board challenge initiated by Nelson Peltz's Trian Fund Management.