Jonathan Wong
The Latest
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US Housing Market Defies Odds with Surprising Surge in Home Sales
The US housing market witnessed an unexpected surge in home sales last month, defying the escalating mortgage rates that have been a cause for concern among potential homebuyers. 
The US housing market witnessed an unexpected surge in home sales last month, defying the escalating mortgage rates that have been a cause for concern among potential homebuyers. -
Reddit Prices IPO at $34 per Share, Raising $748 Million in Highly Anticipated Market Debut
The company priced its initial public offering (IPO) at $34 per share, the top end of the $31 to $34 range it had marketed earlier, valuing the company at $6.4 billion and raising $748 million for Reddit and its selling shareholders. 
The company priced its initial public offering (IPO) at $34 per share, the top end of the $31 to $34 range it had marketed earlier, valuing the company at $6.4 billion and raising $748 million for Reddit and its selling shareholders. -
FTX's New CEO Criticizes Bankman-Fried's Claims of Harmlessness in Victim Impact Statement
John J. Ray III, the newly appointed CEO of the beleaguered cryptocurrency exchange FTX, delivered a searing rebuke of the exchange's founder, Sam Bankman-Fried (SBF), in a recent victim impact statement. 
John J. Ray III, the newly appointed CEO of the beleaguered cryptocurrency exchange FTX, delivered a searing rebuke of the exchange's founder, Sam Bankman-Fried (SBF), in a recent victim impact statement. -
Reddit's IPO Faces Skepticism from Power Users and Moderators
As Reddit seeks to raise up to $748 million and achieve a valuation of around $6.4 billion, it faces skepticism and resistance from some of its most dedicated users and moderators. 
As Reddit seeks to raise up to $748 million and achieve a valuation of around $6.4 billion, it faces skepticism and resistance from some of its most dedicated users and moderators. -
Kering Shares Tumble Amid Gucci Sales Slump and Asian Market Woes
Kering, the French luxury conglomerate and owner of the prestigious Gucci brand, experienced a significant 14% drop in its stock value following a profit warning that projected a stark 20% decline in Gucci's first-quarter sales year-on-year, primarily due to weakening transactions in Asia. 
Kering, the French luxury conglomerate and owner of the prestigious Gucci brand, experienced a significant 14% drop in its stock value following a profit warning that projected a stark 20% decline in Gucci's first-quarter sales year-on-year, primarily due to weakening transactions in Asia. -
Texas Schools Pull $8.5 Billion from BlackRock Amid Accusations of Fossil Fuel Boycott
The Texas Permanent School Fund (PSF) announced on Tuesday that it is terminating its contract and pulling $8.5 billion in state money from BlackRock. 
The Texas Permanent School Fund (PSF) announced on Tuesday that it is terminating its contract and pulling $8.5 billion in state money from BlackRock. -
MacKenzie Scott Donates $640 Million to 361 Nonprofits Through Open Call Process
Billionaire philanthropist and Amazon co-founder MacKenzie Scott has donated $640 million to 361 nonprofit organizations through an open call process managed by her organization, Yield Giving. 
Billionaire philanthropist and Amazon co-founder MacKenzie Scott has donated $640 million to 361 nonprofit organizations through an open call process managed by her organization, Yield Giving. -
Unilever to Spin Off Ice Cream Business with 7,500 Job Cuts, Including Ben & Jerry's, in Strategic Overhaul
Unilever, one of the world's largest consumer goods companies, has announced plans to spin off its ice cream business, which includes popular brands such as Magnum, Ben & Jerry's, Cornetto, and Kwality Wall's. The decision, which is part of a broader strategic overhaul, was welcomed by investors, sending the company's shares up nearly 6% at one point on Tuesday. 
Unilever, one of the world's largest consumer goods companies, has announced plans to spin off its ice cream business, which includes popular brands such as Magnum, Ben & Jerry's, Cornetto, and Kwality Wall's. The decision, which is part of a broader strategic overhaul, was welcomed by investors, sending the company's shares up nearly 6% at one point on Tuesday. -
UAW Announces Major Milestone in Organizing Drive at Volkswagen's Chattanooga Plant
Volkswagen workers at the company's Chattanooga, Tennessee plant have filed a petition with the National Labor Relations Board for a vote to join the United Auto Workers (UAW). 
Volkswagen workers at the company's Chattanooga, Tennessee plant have filed a petition with the National Labor Relations Board for a vote to join the United Auto Workers (UAW). -
United Airlines CEO Addresses Safety Concerns Amid Series of Incidents Involving Boeing Jets
United Airlines CEO Scott Kirby has issued a statement to customers in an effort to allay concerns about the carrier's safety following a string of incidents involving its Boeing jets in recent weeks. In his email, Kirby emphasized that safety is the airline's "highest priority" and is "at the center of everything we do." 
United Airlines CEO Scott Kirby has issued a statement to customers in an effort to allay concerns about the carrier's safety following a string of incidents involving its Boeing jets in recent weeks. In his email, Kirby emphasized that safety is the airline's "highest priority" and is "at the center of everything we do."
