Jonathan Wong
The Latest
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Red Lobster Files for Bankruptcy Amid Financial Turmoil and Disastrous Promotion
Red Lobster, the iconic seafood restaurant chain known for its Cheddar Bay Biscuits and affordable shrimp and lobster dishes, has filed for bankruptcy. 
Red Lobster, the iconic seafood restaurant chain known for its Cheddar Bay Biscuits and affordable shrimp and lobster dishes, has filed for bankruptcy. -
U.S. Democrats Divided on Chinese EV Tariffs, Call for Outright Ban Amid Spying Fears
U.S. President Joe Biden recently announced a quadrupling of tariffs on Chinese-made EVs from 25% to 100%. 
U.S. President Joe Biden recently announced a quadrupling of tariffs on Chinese-made EVs from 25% to 100%. -
GameStop and AMC Shares Plummet further After Roaring Kitty's Brief Return
GameStop and AMC, two iconic meme stocks that captivated retail investors during the 2021 frenzy, saw their shares tumble again on Thursday, marking the second consecutive day of declines. The brief surge earlier in the week, fueled by the return of Keith Gill, known as "Roaring Kitty," quickly lost momentum, leaving investors to reassess their positions. 
GameStop and AMC, two iconic meme stocks that captivated retail investors during the 2021 frenzy, saw their shares tumble again on Thursday, marking the second consecutive day of declines. The brief surge earlier in the week, fueled by the return of Keith Gill, known as "Roaring Kitty," quickly lost momentum, leaving investors to reassess their positions. -
Resilient Walmart Reports Strong Q1 Earnings as Consumers Seek Low Prices
Walmart Inc., the nation's largest retailer, reported robust first-quarter earnings on Thursday, showcasing its resilience in a high-inflation environment. The retailer's performance was driven by consumers increasingly seeking low prices, propelling Walmart's stock up over 5% in premarket trading. 
Walmart Inc., the nation's largest retailer, reported robust first-quarter earnings on Thursday, showcasing its resilience in a high-inflation environment. The retailer's performance was driven by consumers increasingly seeking low prices, propelling Walmart's stock up over 5% in premarket trading. -
Credit Card Delinquencies Surge as Nearly 1 in 5 Borrowers Maxed Out, New York Fed Report Reveals
Credit card delinquencies are on the rise, with nearly a fifth of borrowers "maxed-out" on their available credit, according to a new report from the New York Federal Reserve's Center for Microeconomic Data. The research shows that household debt increased by 1.1 percent, or $184 billion, in the first quarter of the year, bringing the total to a staggering $17.69 trillion. 
Credit card delinquencies are on the rise, with nearly a fifth of borrowers "maxed-out" on their available credit, according to a new report from the New York Federal Reserve's Center for Microeconomic Data. The research shows that household debt increased by 1.1 percent, or $184 billion, in the first quarter of the year, bringing the total to a staggering $17.69 trillion. -
GameStop and AMC Shares Tumble as Meme Stock Rally Loses Steam
The recent resurgence of meme stock fervor, sparked by the reemergence of Keith Gill, known online as "Roaring Kitty," on X (formerly Twitter), appears to be short-lived as shares of GameStop, AMC Entertainment, and other popular meme stocks declined on Wednesday morning. 
The recent resurgence of meme stock fervor, sparked by the reemergence of Keith Gill, known online as "Roaring Kitty," on X (formerly Twitter), appears to be short-lived as shares of GameStop, AMC Entertainment, and other popular meme stocks declined on Wednesday morning. -
DOJ Accuses Boeing of Violating 2021 Agreement, Considers Criminal Prosecution Over 737 Max Crashes
The Department of Justice (DOJ) has informed a federal judge that Boeing may have violated a 2021 agreement that shielded the company from criminal prosecution following two deadly 737 Max crashes overseas, which claimed the lives of 346 people. 
The Department of Justice (DOJ) has informed a federal judge that Boeing may have violated a 2021 agreement that shielded the company from criminal prosecution following two deadly 737 Max crashes overseas, which claimed the lives of 346 people. -
GameStop and AMC Soar Amid 'Roaring Kitty' Return, but Experts Doubt Meme Stock Rally's Sustainability
GameStop (GME) and AMC (AMC) shares have skyrocketed once again, with both stocks more than doubling in value over the past week. The surge in these meme stocks has been attributed to the reemergence of Keith Gill, also known as "Roaring Kitty," whose bullish stance on GameStop ignited the 2021 meme stock rally. However, Wall Street strategists caution that this recent burst of enthusiasm is unlikely to match the intensity of the 2021 mania. GameStop (GME) and AMC (AMC) shares have skyrocketed once again, with both stocks more than doubling in value over the past week. The surge in these meme stocks has been attributed to the reemergence of Keith Gill, also known as "Roaring Kitty," whose bullish stance on GameStop ignited the 2021 meme stock rally. However, Wall Street strategists caution that this recent burst of enthusiasm is unlikely to match the intensity of the 2021 mania. -
Walmart Cuts Hundreds of Corporate Jobs, Relocates Remote Workers to Main Offices
Walmart, the world's largest retailer, announced significant changes to its corporate workforce on Tuesday, revealing plans to cut hundreds of jobs and relocate many remote employees to larger office hubs. The move, outlined by Chief People Officer Donna Morris in a memo to employees, aims to enhance collaboration, innovation, and operational efficiency. 
Walmart, the world's largest retailer, announced significant changes to its corporate workforce on Tuesday, revealing plans to cut hundreds of jobs and relocate many remote employees to larger office hubs. The move, outlined by Chief People Officer Donna Morris in a memo to employees, aims to enhance collaboration, innovation, and operational efficiency. -
AMC Raises $250 Million Amid Meme Stock Surge, Stocks Skyrocket
AMC Entertainment Holdings successfully raised $250 million in new equity capital amid a revived meme stock rally, completing the sale on Monday. The movie theater chain sold 72.5 million shares in an at-the-market offering, launched on March 28, at an average price of $3.45 per share. The news of the stock sale sent AMC shares soaring another 110% in morning trading on Tuesday. 
AMC Entertainment Holdings successfully raised $250 million in new equity capital amid a revived meme stock rally, completing the sale on Monday. The movie theater chain sold 72.5 million shares in an at-the-market offering, launched on March 28, at an average price of $3.45 per share. The news of the stock sale sent AMC shares soaring another 110% in morning trading on Tuesday.
