Jonathan Wong
The Latest
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SLB Expands Energy Empire with $7.75 Billion ChampionX Acquisition
SLB, the leading oilfield services company formerly known as Schlumberger, has announced a significant expansion with its acquisition of ChampionX, a prominent provider of chemistry solutions and drilling technology, in an all-stock transaction valued at approximately $7.75 billion. 
SLB, the leading oilfield services company formerly known as Schlumberger, has announced a significant expansion with its acquisition of ChampionX, a prominent provider of chemistry solutions and drilling technology, in an all-stock transaction valued at approximately $7.75 billion. -
Tesla's Deliveries Falter, Prompting Stock Plunge and Demand Concerns
Tesla Inc. faced a significant setback in the first quarter of 2024 as its vehicle deliveries dropped by 8.5% compared to the same period last year, sending its shares tumbling down by 7% in premarket trading. 
Tesla Inc. faced a significant setback in the first quarter of 2024 as its vehicle deliveries dropped by 8.5% compared to the same period last year, sending its shares tumbling down by 7% in premarket trading. -
Sam Bankman-Fried Expresses Remorse in First Interview Since 25-Year Sentencing
In an exclusive interview with ABC News, former crypto entrepreneur Sam Bankman-Fried expressed remorse for his actions that led to a 25-year prison sentence for fraud last week. 
In an exclusive interview with ABC News, former crypto entrepreneur Sam Bankman-Fried expressed remorse for his actions that led to a 25-year prison sentence for fraud last week. -
UPS Takes Flight as USPS's New Air Cargo Partner, Edging Out FedEx
The logistics landscape is set for a significant reshuffling as United Parcel Service (UPS) gears up to take over as the United States Postal Service's (USPS) chief air cargo provider, marking the end of FedEx's more than two-decade-long alliance with the postal entity. 
The logistics landscape is set for a significant reshuffling as United Parcel Service (UPS) gears up to take over as the United States Postal Service's (USPS) chief air cargo provider, marking the end of FedEx's more than two-decade-long alliance with the postal entity. -
California's $20 Minimum Wage for Fast-Food Workers Takes Effect, Impacting Half a Million Employees
California's fast-food industry is undergoing a significant shift as a new law raising the minimum wage to $20 an hour for workers at franchises with 60 or more locations nationwide takes effect on Monday. 
California's fast-food industry is undergoing a significant shift as a new law raising the minimum wage to $20 an hour for workers at franchises with 60 or more locations nationwide takes effect on Monday. -
Tesla Surpasses Coinbase in Bitcoin Holdings, Signals Broader Corporate Adoption
Elon Musk's Tesla emerges as one of the top corporate holders of Bitcoin, outpacing even some of the most prominent firms within the digital currency sector. According to the latest data from BitcoinTreasuries.net, Tesla holds an impressive 9,720 Bitcoins, valued at approximately $675.76 million, making it the third-largest known corporate holder of the digital currency. 
Elon Musk's Tesla emerges as one of the top corporate holders of Bitcoin, outpacing even some of the most prominent firms within the digital currency sector. According to the latest data from BitcoinTreasuries.net, Tesla holds an impressive 9,720 Bitcoins, valued at approximately $675.76 million, making it the third-largest known corporate holder of the digital currency. -
Overwhelming Majority Believe Tipping Culture Has Gotten Out of Control, Survey Reveals
A recent survey conducted by WalletHub has revealed that nearly three in four Americans believe tipping culture has gotten out of control, with more than half suspecting that businesses are using customer tips to replace employee salaries. 
A recent survey conducted by WalletHub has revealed that nearly three in four Americans believe tipping culture has gotten out of control, with more than half suspecting that businesses are using customer tips to replace employee salaries. -
Over 427,000 Kia Tellurides Recalled Over Risk of Unintended Movement
Kia has announced a significant recall affecting over 427,000 of its Telluride vehicles across the United States due to a risk that they could inadvertently move while set to park. 
Kia has announced a significant recall affecting over 427,000 of its Telluride vehicles across the United States due to a risk that they could inadvertently move while set to park. -
Ellison's Revelations Seal 25-Year Sentence for FTX Founder Sam Bankman-Fried
FTX founder Sam Bankman-Fried was sentenced to a quarter-century behind bars, concluding one of the most significant fraud cases in the digital asset space. 
FTX founder Sam Bankman-Fried was sentenced to a quarter-century behind bars, concluding one of the most significant fraud cases in the digital asset space. -
Walgreens Takes $5.8B Hit on VillageMD Investment Amid CEO's Focus on Profitability
Walgreens Boots Alliance reported a net loss of $5.9 billion for the quarter ended Feb. 29, primarily due to a $5.8 billion impairment charge on its investment in VillageMD, a cash-burning operator of doctors' clinics. The impairment comes at a time when the pharmacy operator is focusing on improving profitability under new CEO Timothy Wentworth, who announced a $1 billion cost-cutting plan in October. 
Walgreens Boots Alliance reported a net loss of $5.9 billion for the quarter ended Feb. 29, primarily due to a $5.8 billion impairment charge on its investment in VillageMD, a cash-burning operator of doctors' clinics. The impairment comes at a time when the pharmacy operator is focusing on improving profitability under new CEO Timothy Wentworth, who announced a $1 billion cost-cutting plan in October.
