Jonathan Wong

Jonathan Wong

The Latest

  • Google Unveils $15 Billion Plan to Build Massive AI Data Center Hub in India
    FILE PHOTO: The brand logo of Alphabet Inc's Google is seen outside its office in Beijing, China, August 8, 2018.
    Google said Tuesday it will invest $15 billion over the next five years to build an artificial intelligence data center in India's southern state of Andhra Pradesh, marking the U.S. technology giant's largest single investment in the country and its biggest AI infrastructure project outside the United States.
  • PepsiCo Beats Earnings Forecast as International Sales Offset Weak North American Demand
    PepsiCo China
    PepsiCo Inc. posted stronger-than-expected third-quarter earnings Thursday, buoyed by solid international sales and improving beverage performance, even as the company continued to face declining volume in its North American snack and drink businesses.
  • NYSE Owner Intercontinental Exchange Takes $2 Billion Stake in Polymarket, Valuing Platform at $8 Billion
    Traders work on the floor at the NYSE in New York
    Intercontinental Exchange Inc., the parent company of the New York Stock Exchange, announced a $2 billion investment in Polymarket, a crypto-based prediction market platform, in a move that underscores Wall Street's growing interest in event-driven trading tied to real-world outcomes. The deal, disclosed Tuesday, values Polymarket at roughly $8 billion, according to both companies.
  • AMD Stock Soars More Than 30% as OpenAI Strikes Landmark GPU Partnership Worth Billions
    AMD Computex
    Advanced Micro Devices shares surged more than 30% Monday after the company announced a sweeping, multi-year deal with OpenAI that could make the ChatGPT developer one of its largest shareholders and solidify AMD's foothold in the booming artificial intelligence hardware market.
  • Trump Blocked from Sending Troops to Oregon as Federal Judge Halts National Guard Deployment
    Trump Confirms U.S. Bombing of Iran’s Fordow, Natanz, and Esfahan Nuclear Facilities, Signals End of Diplomacy
    President Donald Trump's plan to send National Guard troops to Oregon was halted Sunday night after a federal judge temporarily blocked the deployment, marking a rare judicial curb on presidential authority over military mobilization.
  • Chevron’s El Segundo Refinery Fire Knocks Out Units, Jet Fuel Prices Surge 33 Cents
    Chevron
    A massive fire erupted late Thursday at Chevron's El Segundo refinery in Southern California, forcing multiple units offline and raising concerns about jet fuel supplies at Los Angeles International Airport and gasoline prices across the state.
  • BlackRock’s GIP Nears $40 Billion Aligned Data Centers Takeover
    SUSPENDED
    Global Infrastructure Partners, the BlackRock-owned investment firm, is in advanced talks to acquire Aligned Data Centers in a deal that could value the Texas-based operator at about $40 billion, according to people familiar with the matter. The potential transaction would mark one of the largest private data center acquisitions ever, underscoring the scramble for digital infrastructure powering the artificial intelligence boom.
  • Abu Dhabi Royals to Buy 15% of TikTok U.S. as Trump Clears $14 Billion Deal
    TikTok
    Abu Dhabi's royal family will take a 15% stake in TikTok's U.S. business under a $14 billion deal brokered by President Donald Trump, a move that shifts majority control of the video-sharing platform to American investors after years of national security wrangling over Chinese ownership.
  • TikTok U.S. Valued at $14 Billion in Trump-Backed Deal, Analysts Call Price ‘Daylight Robbery’
    Trump Weighs Options to Preserve TikTok Amid Looming Ban
    President Donald Trump on Thursday signed an executive order approving a plan to keep TikTok operating in the U.S., greenlighting a deal that Vice President JD Vance said values the business at $14 billion - far below what many analysts expected.
  • Amazon to Pay $2.5 Billion in Record FTC Prime Settlement, Refunds 35 Million Customers
    AMAZON BUYOUT
    Amazon will pay $2.5 billion to settle Federal Trade Commission allegations that it misled millions of consumers into signing up for Prime memberships and obstructed their ability to cancel, ending a two-year legal battle and one of the agency's most closely watched subscription cases.
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