Jonathan Wong
The Latest
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Delta Faces Federal Investigation Amid Widespread Flight Cancellations
The U.S. Department of Transportation has launched an investigation into Delta Air Lines following a series of widespread flight cancellations and delays resulting from a global technology outage. Transportation Secretary Pete Buttigieg announced the investigation on Tuesday, emphasizing the need to ensure that the airline adheres to federal laws and treats its passengers fairly during these disruptions. 
The U.S. Department of Transportation has launched an investigation into Delta Air Lines following a series of widespread flight cancellations and delays resulting from a global technology outage. Transportation Secretary Pete Buttigieg announced the investigation on Tuesday, emphasizing the need to ensure that the airline adheres to federal laws and treats its passengers fairly during these disruptions. -
Delta Air Lines Faces Prolonged Meltdown Amid IT Outage, Disrupting Thousands of Flights
Delta Air Lines is grappling with an extended operational meltdown that has disrupted thousands of flights and left countless passengers stranded. The crisis, now in its fifth day, stems from a global tech outage that began last week and continues to wreak havoc on Delta's schedules. The airline canceled over 420 flights early Tuesday morning, adding to the more than 1,250 flights canceled on Monday and 4,500 flights canceled from Friday through Sunday. 
Delta Air Lines is grappling with an extended operational meltdown that has disrupted thousands of flights and left countless passengers stranded. The crisis, now in its fifth day, stems from a global tech outage that began last week and continues to wreak havoc on Delta's schedules. The airline canceled over 420 flights early Tuesday morning, adding to the more than 1,250 flights canceled on Monday and 4,500 flights canceled from Friday through Sunday. -
Coca-Cola Boosts Full-Year Outlook Following Strong Q2 Performance
Coca-Cola has raised its full-year outlook after reporting stronger-than-expected earnings for the second quarter of 2024. The beverage giant's improved forecast comes amid rising global demand for its products, although North American sales have seen a decline. 
Coca-Cola has raised its full-year outlook after reporting stronger-than-expected earnings for the second quarter of 2024. The beverage giant's improved forecast comes amid rising global demand for its products, although North American sales have seen a decline. -
AMC Entertainment Strikes Key Refinancing Deal Amid Film Festival Buzz
AMC Entertainment Holdings has reached a pivotal refinancing agreement with its creditors, extending up to $2.45 billion in debt maturities from 2026 to 2029 and beyond. This strategic move aims to stabilize the debt-laden theater chain, which has been navigating the financial aftermath of last year's Hollywood strikes that halted productions and impacted theaters nationwide. 
AMC Entertainment Holdings has reached a pivotal refinancing agreement with its creditors, extending up to $2.45 billion in debt maturities from 2026 to 2029 and beyond. This strategic move aims to stabilize the debt-laden theater chain, which has been navigating the financial aftermath of last year's Hollywood strikes that halted productions and impacted theaters nationwide. -
McDonald’s Extends Popular $5 Meal Deal Amidst Rising Food Prices and Competitive Pressures
In response to increasing food prices and a competitive fast-food market, McDonald's has decided to extend its popular "$5 Meal Deal" through August. Initially introduced in late June as a limited-time offer, the deal has proven to be a hit among customers, prompting nearly all of the chain's U.S. locations to keep it on the menu for longer. 
In response to increasing food prices and a competitive fast-food market, McDonald's has decided to extend its popular "$5 Meal Deal" through August. Initially introduced in late June as a limited-time offer, the deal has proven to be a hit among customers, prompting nearly all of the chain's U.S. locations to keep it on the menu for longer. -
Ryanair Stock Plummets as Q1 Profits Fall 46%
Ryanair's shares have taken a significant hit following the announcement of a steep decline in its fiscal first-quarter profit. The Irish low-cost airline reported a 46% drop in profit after tax year-over-year, leading to a plunge in its stock by more than 15% early Monday morning. The airline's first-quarter profit fell to €360 million ($392 million), a substantial drop from the €538 million forecasted by analysts. 
Ryanair's shares have taken a significant hit following the announcement of a steep decline in its fiscal first-quarter profit. The Irish low-cost airline reported a 46% drop in profit after tax year-over-year, leading to a plunge in its stock by more than 15% early Monday morning. The airline's first-quarter profit fell to €360 million ($392 million), a substantial drop from the €538 million forecasted by analysts. -
Delta Faces Continued Flight Disruptions Amid Fallout from Global IT Outage
Delta Air Lines is grappling with the aftermath of a significant IT outage that has caused widespread flight cancellations and delays, leaving thousands of travelers stranded. The disruption began on Friday, stemming from a faulty CrowdStrike update that paralyzed Windows-based programs across multiple industries, including aviation, banking, and healthcare. 
Delta Air Lines is grappling with the aftermath of a significant IT outage that has caused widespread flight cancellations and delays, leaving thousands of travelers stranded. The disruption began on Friday, stemming from a faulty CrowdStrike update that paralyzed Windows-based programs across multiple industries, including aviation, banking, and healthcare. -
Ford Shifts Focus to Super Duty Trucks, Plans $3 Billion Expansion in Canada
Ford Motor Company announced a $3 billion investment to expand production of its large Super Duty trucks at a Canadian plant initially earmarked for electric vehicle (EV) production. The decision underscores the automaker's response to robust demand for its profitable commercial vehicles amid evolving market dynamics. 
Ford Motor Company announced a $3 billion investment to expand production of its large Super Duty trucks at a Canadian plant initially earmarked for electric vehicle (EV) production. The decision underscores the automaker's response to robust demand for its profitable commercial vehicles amid evolving market dynamics. -
SEC Sues Trump Media SPAC Ex-CEO Patrick Orlando for Alleged Fraud
The U.S. Securities and Exchange Commission (SEC) has filed a lawsuit against Patrick Orlando, the former CEO of Digital World Acquisition Corp. (DWAC), the special purpose acquisition company (SPAC) that merged with Trump Media & Technology Group. The lawsuit alleges that Orlando misled investors and regulators about the company's intentions and actions leading up to the merger with Donald Trump's social media startup, Truth Social. 
The U.S. Securities and Exchange Commission (SEC) has filed a lawsuit against Patrick Orlando, the former CEO of Digital World Acquisition Corp. (DWAC), the special purpose acquisition company (SPAC) that merged with Trump Media & Technology Group. The lawsuit alleges that Orlando misled investors and regulators about the company's intentions and actions leading up to the merger with Donald Trump's social media startup, Truth Social. -
Nokia Shares Plunge Amid Weak 5G Demand, Hopes for Recovery in Second Half
Shares of Finnish telecom giant Nokia plummeted on Thursday following the company's report of a significant decline in second-quarter operating profit, attributed to weak demand for its 5G equipment. The Helsinki-listed stock dropped 8% by 9 a.m. London time, shortly after the market opened. 
Shares of Finnish telecom giant Nokia plummeted on Thursday following the company's report of a significant decline in second-quarter operating profit, attributed to weak demand for its 5G equipment. The Helsinki-listed stock dropped 8% by 9 a.m. London time, shortly after the market opened.
