Jonathan Wong
The Latest
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Boeing Faces Financial Turbulence as Cash Flow Targets Are Lowered Amid Certification Hurdles in China
Boeing Co. is grappling with renewed financial strain, scrapping its previous forecast to generate cash flow this year. Instead, the aerospace giant anticipates another significant outflow in the second quarter, as it battles multiple challenges in its efforts to ramp up production and deliveries. 
Boeing Co. is grappling with renewed financial strain, scrapping its previous forecast to generate cash flow this year. Instead, the aerospace giant anticipates another significant outflow in the second quarter, as it battles multiple challenges in its efforts to ramp up production and deliveries. -
New Home Sales in the U.S. Fall Sharply in April Amid Rising Mortgage Rates and Prices
Sales of newly constructed single-family homes in the United States fell more than expected in April, as rising mortgage rates and higher home prices continued to dampen demand. According to data from the U.S. Commerce Department, new home sales decreased by 4.7% to a seasonally adjusted annual rate of 634,000 units, a significant drop from March's revised rate of 665,000 units. 
Sales of newly constructed single-family homes in the United States fell more than expected in April, as rising mortgage rates and higher home prices continued to dampen demand. According to data from the U.S. Commerce Department, new home sales decreased by 4.7% to a seasonally adjusted annual rate of 634,000 units, a significant drop from March's revised rate of 665,000 units. -
Nvidia Stock Jumps Over 9% as AI Boom Powers Semiconductor Giant to Record Gains and Stock Split
Nvidia, the semiconductor giant at the forefront of the artificial intelligence revolution, announced a 10-for-1 stock split on Thursday as its shares soared over 9%, past $1035. This move underscores Nvidia's remarkable year, with shares advancing more than 90% and cementing its role as a leader in AI technology. 
Nvidia, the semiconductor giant at the forefront of the artificial intelligence revolution, announced a 10-for-1 stock split on Thursday as its shares soared over 9%, past $1035. This move underscores Nvidia's remarkable year, with shares advancing more than 90% and cementing its role as a leader in AI technology. -
Nvidia Reports Stellar Q1 Earnings, Announces 10-for-1 Stock Split and Dividend Increase
Nvidia (NVDA) reported outstanding first quarter earnings on Wednesday, surpassing analysts' expectations and announcing a 10-for-1 stock split along with an increased dividend. 
Nvidia (NVDA) reported outstanding first quarter earnings on Wednesday, surpassing analysts' expectations and announcing a 10-for-1 stock split along with an increased dividend. -
US Home Sales Unexpectedly Drop in April Despite Increased Inventory and Rising Prices
Sales of previously owned homes in the United States unexpectedly fell in April, marking the second consecutive monthly decline, as higher mortgage rates and escalating home prices continued to weigh on demand. 
Sales of previously owned homes in the United States unexpectedly fell in April, marking the second consecutive monthly decline, as higher mortgage rates and escalating home prices continued to weigh on demand. -
Target's Earnings Miss Amid Inflation Strain on Consumer Wallets, CEO Cites Challenges in Food and Essentials
Target (TGT) missed the mark in its first-quarter earnings report, as inflation-battered U.S. households continue to avoid purchasing non-essential items. The company's shares fell 7% in pre-market trading on Wednesday following the disappointing results, which CEO Brian Cornell attributed to the "biggest challenges" Target is hearing from its shoppers: "inflation in food and household essentials." 
Target (TGT) missed the mark in its first-quarter earnings report, as inflation-battered U.S. households continue to avoid purchasing non-essential items. The company's shares fell 7% in pre-market trading on Wednesday following the disappointing results, which CEO Brian Cornell attributed to the "biggest challenges" Target is hearing from its shoppers: "inflation in food and household essentials." -
Tesla's Sales Dip in Europe Despite Overall Market Growth
Despite predictions of a stronger performance in the second quarter, Tesla continues to face challenges in the European market. Data released on Wednesday by the European Automobile Manufacturers' Association (ACEA) showed that Tesla's new car registrations in Europe for April amounted to only 13,951 vehicles, marking a 2.3% decline from the same period last year and hitting the lowest level since January 2023. 
Despite predictions of a stronger performance in the second quarter, Tesla continues to face challenges in the European market. Data released on Wednesday by the European Automobile Manufacturers' Association (ACEA) showed that Tesla's new car registrations in Europe for April amounted to only 13,951 vehicles, marking a 2.3% decline from the same period last year and hitting the lowest level since January 2023. -
Macy's Exceeds Q1 Expectations Amidst Turnaround Efforts and Buyout Bid
Macy's, the iconic department store chain, reported better-than-expected first-quarter results on Tuesday, as the company's new turnaround strategy showed early signs of traction amidst a challenging retail environment. 
Macy's, the iconic department store chain, reported better-than-expected first-quarter results on Tuesday, as the company's new turnaround strategy showed early signs of traction amidst a challenging retail environment. -
Target Slashes Prices on 5,000 Items Amid Inflation Woes
Target has announced a sweeping initiative to slash prices on more than 5,000 popular items in an effort to draw back inflation-weary shoppers. The retailer began cutting prices on over 1,500 products effective Monday and plans to continue with thousands more reductions over the summer. 
Target has announced a sweeping initiative to slash prices on more than 5,000 popular items in an effort to draw back inflation-weary shoppers. The retailer began cutting prices on over 1,500 products effective Monday and plans to continue with thousands more reductions over the summer. -
BMW Under Fire for Importing Vehicles with Parts from Banned Chinese Supplier
German automaker BMW has come under intense scrutiny following revelations that it imported 8,000 Mini Cooper vehicles into the United States equipped with components sourced from a banned Chinese supplier linked to forced labor. A U.S. Senate report, released on Monday, highlights these findings, shedding light on the broader issue of compliance with the Uyghur Forced Labor Prevention Act. 
German automaker BMW has come under intense scrutiny following revelations that it imported 8,000 Mini Cooper vehicles into the United States equipped with components sourced from a banned Chinese supplier linked to forced labor. A U.S. Senate report, released on Monday, highlights these findings, shedding light on the broader issue of compliance with the Uyghur Forced Labor Prevention Act.
