Jonathan Wong
The Latest
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Macy’s Stock Jumps as Retailer Beats Estimates, Lifts Guidance Amid Tariff Pressures
Macy's shares surged more than 10% Wednesday after the department-store chain posted stronger-than-expected fiscal second-quarter results and raised its full-year guidance, signaling traction in its turnaround plan despite tariff headwinds. 
Macy's shares surged more than 10% Wednesday after the department-store chain posted stronger-than-expected fiscal second-quarter results and raised its full-year guidance, signaling traction in its turnaround plan despite tariff headwinds. -
Disney to Pay $10 Million to Settle FTC Lawsuit Over Children’s Privacy Violations on YouTube
The Walt Disney Company said Tuesday it will pay $10 million to settle allegations by the Federal Trade Commission that it mishandled children's privacy protections on YouTube, marking the first known case of a content provider-not the platform itself-facing FTC penalties over mislabeled videos. 
The Walt Disney Company said Tuesday it will pay $10 million to settle allegations by the Federal Trade Commission that it mishandled children's privacy protections on YouTube, marking the first known case of a content provider-not the platform itself-facing FTC penalties over mislabeled videos. -
Starbucks to Launch Protein Lattes and Cold Foam on National Coffee Day as Health Trend Gains Steam
Starbucks will roll out protein-packed lattes and cold foam nationwide on Sept. 29, aligning its menu with a growing U.S. appetite for high-protein foods and beverages. The launch, set to coincide with National Coffee Day, marks the chain's latest move under its "Back to Starbucks" turnaround strategy to modernize offerings and target health-conscious consumers. 
Starbucks will roll out protein-packed lattes and cold foam nationwide on Sept. 29, aligning its menu with a growing U.S. appetite for high-protein foods and beverages. The launch, set to coincide with National Coffee Day, marks the chain's latest move under its "Back to Starbucks" turnaround strategy to modernize offerings and target health-conscious consumers. -
Kraft Heinz to Split Into Two Companies After Years of Struggles From $46 Billion Merger
Kraft Heinz said Tuesday it will split into two separate companies, dismantling much of the $46 billion merger engineered a decade ago by Warren Buffett's Berkshire Hathaway and 3G Capital. The deal once created one of the world's largest food conglomerates but has since become a symbol of overreach in the packaged-food industry. 
Kraft Heinz said Tuesday it will split into two separate companies, dismantling much of the $46 billion merger engineered a decade ago by Warren Buffett's Berkshire Hathaway and 3G Capital. The deal once created one of the world's largest food conglomerates but has since become a symbol of overreach in the packaged-food industry. -
Nike to Cut 1% of Corporate Staff as CEO Elliott Hill Refocuses on Sports Innovation
Nike is planning to lay off about 1% of its corporate workforce, the company confirmed, marking the second round of job cuts this year as Chief Executive Elliott Hill pushes a broad restructuring designed to restore growth and reinvigorate product innovation. 
Nike is planning to lay off about 1% of its corporate workforce, the company confirmed, marking the second round of job cuts this year as Chief Executive Elliott Hill pushes a broad restructuring designed to restore growth and reinvigorate product innovation. -
Best Buy Posts Stronger-Than-Expected Quarter, Keeps Guidance Amid Tariff Concerns
Best Buy reported quarterly results on Thursday that topped Wall Street expectations for both revenue and profit, but the retailer left its full-year forecast unchanged, citing tariff-related uncertainty that could dampen consumer spending later this year. 
Best Buy reported quarterly results on Thursday that topped Wall Street expectations for both revenue and profit, but the retailer left its full-year forecast unchanged, citing tariff-related uncertainty that could dampen consumer spending later this year. -
Keurig Dr Pepper to Acquire JDE Peet’s in $18.4 Billion Deal, Plans Split Into Two Companies
Keurig Dr Pepper will acquire Dutch coffee group JDE Peet's in a deal worth €15.7 billion ($18.4 billion) and split into two publicly listed businesses, the companies announced Monday. The transaction marks a major shift for the U.S. beverage giant as it seeks to strengthen its coffee business and separate operations into distinct units. 
Keurig Dr Pepper will acquire Dutch coffee group JDE Peet's in a deal worth €15.7 billion ($18.4 billion) and split into two publicly listed businesses, the companies announced Monday. The transaction marks a major shift for the U.S. beverage giant as it seeks to strengthen its coffee business and separate operations into distinct units. -
Ørsted Shares Plunge 18% as Trump Administration Halts $1.5 Billion Rhode Island Wind Farm
Ørsted shares sank to an all-time low Monday after the Trump administration ordered the Danish energy company to halt work on its nearly completed $1.5 billion Revolution Wind project off Rhode Island, heightening financial pressure on Europe's largest offshore wind developer. 
Ørsted shares sank to an all-time low Monday after the Trump administration ordered the Danish energy company to halt work on its nearly completed $1.5 billion Revolution Wind project off Rhode Island, heightening financial pressure on Europe's largest offshore wind developer. -
JPMorgan to Pay Malaysia $330 Million in 1MDB Settlement as Swiss Unit Fined for Money Laundering Failures
JPMorgan Chase agreed to pay the Malaysian government $330 million to settle all outstanding claims tied to its role in the multibillion-dollar 1MDB scandal, both parties said Friday. The agreement marks another major step in Malaysia's yearslong effort to recover billions looted from its sovereign wealth fund. 
JPMorgan Chase agreed to pay the Malaysian government $330 million to settle all outstanding claims tied to its role in the multibillion-dollar 1MDB scandal, both parties said Friday. The agreement marks another major step in Malaysia's yearslong effort to recover billions looted from its sovereign wealth fund. -
Target CEO Brian Cornell Steps Down After 11 Years as Sales Slide and Stock Plunges 10%
Target Corp. announced Wednesday that longtime Chief Executive Brian Cornell will step down as the retailer faces declining sales and mounting competitive pressures. The transition marks the end of Cornell's 11-year tenure, during which he overhauled the chain's stores and expanded its e-commerce operations. 
Target Corp. announced Wednesday that longtime Chief Executive Brian Cornell will step down as the retailer faces declining sales and mounting competitive pressures. The transition marks the end of Cornell's 11-year tenure, during which he overhauled the chain's stores and expanded its e-commerce operations.
