Jonathan Wong
The Latest
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Walmart's Sam's Club Bets on Private Label Overhaul and Technology to Compete with Costco
Walmart-owned Sam's Club is making bold moves to challenge Costco's market dominance. The strategic revamp of its private label, Member's Mark, and technological advancements are central to Sam's Club's efforts to close the revenue gap with its chief rival, Costco, whose private label, Kirkland Signature, has long been a benchmark for success. 
Walmart-owned Sam's Club is making bold moves to challenge Costco's market dominance. The strategic revamp of its private label, Member's Mark, and technological advancements are central to Sam's Club's efforts to close the revenue gap with its chief rival, Costco, whose private label, Kirkland Signature, has long been a benchmark for success. -
Boeing Sanctioned for Leaking Details on 737 Max 9 Incident Investigation
Boeing has come under fire from U.S. regulators after the National Transportation Safety Board (NTSB) accused the aerospace giant of "blatantly violating" its investigative protocols. The controversy centers around a door plug blowout incident involving a Boeing 737 Max 9 operated by Alaska Airlines in January, which left a gaping hole in the aircraft. 
Boeing has come under fire from U.S. regulators after the National Transportation Safety Board (NTSB) accused the aerospace giant of "blatantly violating" its investigative protocols. The controversy centers around a door plug blowout incident involving a Boeing 737 Max 9 operated by Alaska Airlines in January, which left a gaping hole in the aircraft. -
Boeing Admits Quality Control Failures in Alaska Air Incident, Faces NTSB Backlash
Boeing's stock took a hit this week as the aerospace giant grappled with the fallout from an Alaska Airlines incident in January, where a door plug blew off a 737 Max shortly after takeoff. The company disclosed that missing paperwork and a lack of proper documentation were key factors in the mishap, prompting sharp rebukes from safety regulators. 
Boeing's stock took a hit this week as the aerospace giant grappled with the fallout from an Alaska Airlines incident in January, where a door plug blew off a 737 Max shortly after takeoff. The company disclosed that missing paperwork and a lack of proper documentation were key factors in the mishap, prompting sharp rebukes from safety regulators. -
Walgreens Faces Financial Strain, Cuts Profit Outlook Amid Tough Consumer Environment
Shares of Walgreens plunged more than 14% on Thursday after the retail pharmacy giant reported fiscal third-quarter earnings that fell short of expectations and slashed its full-year adjusted profit outlook, citing a "challenging" environment for pharmacies and U.S. consumers. 
Shares of Walgreens plunged more than 14% on Thursday after the retail pharmacy giant reported fiscal third-quarter earnings that fell short of expectations and slashed its full-year adjusted profit outlook, citing a "challenging" environment for pharmacies and U.S. consumers. -
Chipotle's Historic 50-for-1 Stock Split: What Investors Need to Know
Chipotle Mexican Grill has executed a monumental 50-for-1 stock split, a move that marks the first in the company's history and one of the largest ever on the New York Stock Exchange. This significant event aims to make Chipotle's high-priced shares more accessible to a broader range of investors, including its employees. 
Chipotle Mexican Grill has executed a monumental 50-for-1 stock split, a move that marks the first in the company's history and one of the largest ever on the New York Stock Exchange. This significant event aims to make Chipotle's high-priced shares more accessible to a broader range of investors, including its employees. -
Southwest Airlines Lowers Revenue Forecast Amid Changing Passenger Patterns
Southwest Airlines has revised its second-quarter revenue forecast downward, attributing the adjustment to evolving booking patterns. The Dallas-based carrier now anticipates its revenue per available seat mile (RASM) to decline between 4% and 4.5%, a significant drop from the previously expected 1.5% to 3.5% decline. 
Southwest Airlines has revised its second-quarter revenue forecast downward, attributing the adjustment to evolving booking patterns. The Dallas-based carrier now anticipates its revenue per available seat mile (RASM) to decline between 4% and 4.5%, a significant drop from the previously expected 1.5% to 3.5% decline. -
LVMH Chief Bernard Arnault Buys into Richemont, Fuelling Acquisition Rumors
French billionaire Bernard Arnault, chairman of LVMH, has reportedly acquired a stake in Swiss luxury conglomerate Richemont. This acquisition, reported by Bloomberg, has sparked speculation about Arnault's intentions and potential future moves in the high-stakes world of luxury brands. 
French billionaire Bernard Arnault, chairman of LVMH, has reportedly acquired a stake in Swiss luxury conglomerate Richemont. This acquisition, reported by Bloomberg, has sparked speculation about Arnault's intentions and potential future moves in the high-stakes world of luxury brands. -
Rivian Shares Surge 30% as Volkswagen Announces $1 Billion Stake in Electric Vehicle Maker
Volkswagen Group has announced a significant investment plan, pledging up to $5 billion in the U.S. electric vehicle startup Rivian. The news of an initial $1 billion investment sent Rivian's shares soaring over 30% in after-hours trading on Tuesday. 
Volkswagen Group has announced a significant investment plan, pledging up to $5 billion in the U.S. electric vehicle startup Rivian. The news of an initial $1 billion investment sent Rivian's shares soaring over 30% in after-hours trading on Tuesday. -
Amazon Prime Day 2024 Set for July 16-17: What to Expect
Amazon has officially announced that its annual Prime Day event will return on July 16 and 17 this year. The mega sale, which started in 2015, has become one of the most anticipated shopping events of the year, offering millions of deals exclusively to members of Amazon's Prime subscription service. 
Amazon has officially announced that its annual Prime Day event will return on July 16 and 17 this year. The mega sale, which started in 2015, has become one of the most anticipated shopping events of the year, offering millions of deals exclusively to members of Amazon's Prime subscription service. -
Nvidia's Market Cap Plummets by $500 Billion in Historic Three-Day Decline
Nvidia's meteoric rise and subsequent fall have culminated in a historic loss of over $500 billion in market value, the largest three-day drop for any company in history. 
Nvidia's meteoric rise and subsequent fall have culminated in a historic loss of over $500 billion in market value, the largest three-day drop for any company in history.
