Jonathan Wong
The Latest
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Nvidia Stock Tumbles, Erasing $500 Billion in Value
Nvidia, once the world's most valuable company for a brief moment last week, experienced a sharp decline in its stock, falling as much as 5% on Monday. This drop extended its recent slide into correction territory, marking the third consecutive day of losses for the semiconductor giant. The company's stock has now declined over 11% from its all-time high of $135.58, reached just last Tuesday. 
Nvidia, once the world's most valuable company for a brief moment last week, experienced a sharp decline in its stock, falling as much as 5% on Monday. This drop extended its recent slide into correction territory, marking the third consecutive day of losses for the semiconductor giant. The company's stock has now declined over 11% from its all-time high of $135.58, reached just last Tuesday. -
Bezos Under Fire as Washington Post Staff Lose Patience Over Leadership Crisis
The Washington Post is engulfed in turmoil as staff frustrations with owner Jeff Bezos reach a boiling point. Amid explosive reports questioning the ethical integrity of the newspaper's new publisher, Will Lewis, Bezos has yet to take substantial action to address the growing concerns within his newsroom. The discontent among staff is palpable, as they await meaningful intervention from the Amazon billionaire. 
The Washington Post is engulfed in turmoil as staff frustrations with owner Jeff Bezos reach a boiling point. Amid explosive reports questioning the ethical integrity of the newspaper's new publisher, Will Lewis, Bezos has yet to take substantial action to address the growing concerns within his newsroom. The discontent among staff is palpable, as they await meaningful intervention from the Amazon billionaire. -
US Home Prices Hit Record High Despite Sales Slowdown
In May, the median price of a previously owned home in the United States reached a record high of $419,300, marking an 11th consecutive month of price increases, according to the National Association of Realtors (NAR). 
In May, the median price of a previously owned home in the United States reached a record high of $419,300, marking an 11th consecutive month of price increases, according to the National Association of Realtors (NAR). -
Trump Media Faces Stock Dilution
Trump Media & Technology Group (TMTG), the parent company of Truth Social, announced a significant milestone on Tuesday as additional shares registered earlier this year were declared effective by the Securities and Exchange Commission (SEC). This development coincided with a sharp decline in the company's stock price, which fell nearly 10% during regular trading and an additional 17% in after-hours trading. 
Trump Media & Technology Group (TMTG), the parent company of Truth Social, announced a significant milestone on Tuesday as additional shares registered earlier this year were declared effective by the Securities and Exchange Commission (SEC). This development coincided with a sharp decline in the company's stock price, which fell nearly 10% during regular trading and an additional 17% in after-hours trading. -
Nvidia Surpasses Microsoft to Become Most Valuable U.S. Company
Nvidia, the semiconductor giant renowned for its cutting-edge graphics processing units (GPUs), has overtaken Microsoft to become the most valuable public company in the United States. Nvidia's market capitalization surged to $3.34 trillion on Tuesday, slightly eclipsing Microsoft's $3.33 trillion. Apple now trails in third place with a market cap of $3.27 trillion. Nvidia, the semiconductor giant renowned for its cutting-edge graphics processing units (GPUs), has overtaken Microsoft to become the most valuable public company in the United States. Nvidia's market capitalization surged to $3.34 trillion on Tuesday, slightly eclipsing Microsoft's $3.33 trillion. Apple now trails in third place with a market cap of $3.27 trillion. -
Citigroup Abandons 'Financial Supermarket' Model, Refocuses on Multinational Services
Citigroup, under the leadership of CEO Jane Fraser, is undergoing a significant transformation, distancing itself from the expansive "financial supermarket" model it embraced in the 1990s. Speaking at an investor event in New York City, Fraser declared, "We are no longer the financial supermarket of the past. Instead, our vision is focused." 
Citigroup, under the leadership of CEO Jane Fraser, is undergoing a significant transformation, distancing itself from the expansive "financial supermarket" model it embraced in the 1990s. Speaking at an investor event in New York City, Fraser declared, "We are no longer the financial supermarket of the past. Instead, our vision is focused." -
Millionaires Flee UK Amid Political Uncertainty and Looming Election
The United Kingdom is experiencing an unprecedented exodus of millionaires, with projections indicating a net loss of 9,500 high-net-worth individuals (HNWIs) in 2024, according to the Henley Private Wealth Migration Report. 
The United Kingdom is experiencing an unprecedented exodus of millionaires, with projections indicating a net loss of 9,500 high-net-worth individuals (HNWIs) in 2024, according to the Henley Private Wealth Migration Report. -
McDonald's Ends AI Drive-Thru Trial Following Customer Complaints and Viral Mishaps
McDonald's has decided to terminate its trial of AI-powered ordering tools in drive-thru restaurants across the United States following numerous customer complaints and viral online videos highlighting the technology's frequent errors. The system, developed in partnership with IBM, utilized voice recognition to process orders but encountered significant reliability issues, leading to its removal. 
McDonald's has decided to terminate its trial of AI-powered ordering tools in drive-thru restaurants across the United States following numerous customer complaints and viral online videos highlighting the technology's frequent errors. The system, developed in partnership with IBM, utilized voice recognition to process orders but encountered significant reliability issues, leading to its removal. -
Boeing Faces New Whistleblower Allegations Ahead of CEO's Testimony
Boeing is under renewed scrutiny as a whistleblower has come forward with allegations of misconduct just hours before CEO David Calhoun is scheduled to testify on Capitol Hill. 
Boeing is under renewed scrutiny as a whistleblower has come forward with allegations of misconduct just hours before CEO David Calhoun is scheduled to testify on Capitol Hill. -
FAA Probes Counterfeit Titanium in Boeing and Airbus Jets Amid Safety Concerns
The Federal Aviation Administration (FAA) is currently investigating allegations of falsified documentation for titanium used in the manufacturing of Boeing and Airbus jets, according to reports from the New York Times. This inquiry underscores significant concerns about the integrity of materials critical to the aerospace industry. 
The Federal Aviation Administration (FAA) is currently investigating allegations of falsified documentation for titanium used in the manufacturing of Boeing and Airbus jets, according to reports from the New York Times. This inquiry underscores significant concerns about the integrity of materials critical to the aerospace industry.
