Jonathan Wong
The Latest
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GameStop Raises $2 Billion Amid Meme Stock Resurgence
GameStop has capitalized on the renewed fervor surrounding meme stocks, successfully raising over $2 billion through an equity offering. The video game retailer announced on Tuesday evening that it had completed an at-the-market equity offering, selling 75 million shares, the maximum allowed, and raising $2.14 billion in the process. 
GameStop has capitalized on the renewed fervor surrounding meme stocks, successfully raising over $2 billion through an equity offering. The video game retailer announced on Tuesday evening that it had completed an at-the-market equity offering, selling 75 million shares, the maximum allowed, and raising $2.14 billion in the process. -
Redstone Ends Paramount-Skydance Merger Talks, Causing Paramount Stock to Plummet
Paramount Global (PARA) shares tumbled nearly 8% on Tuesday after Shari Redstone, who controls the company through her family's holding company National Amusements (NAI), abruptly ended merger talks with Skydance Media. 
Paramount Global (PARA) shares tumbled nearly 8% on Tuesday after Shari Redstone, who controls the company through her family's holding company National Amusements (NAI), abruptly ended merger talks with Skydance Media. -
Apple's Stock Surges Over 6%, Hits New High as Analysts Predict iPhone Supercycle
On Tuesday, Apple Inc.'s stock reached a new all-time high for the first time this year, highlighting a resurgence in investor confidence. The stock surged over 6% during intraday trading, breaking the $200 mark and reaching $205.45. 
On Tuesday, Apple Inc.'s stock reached a new all-time high for the first time this year, highlighting a resurgence in investor confidence. The stock surged over 6% during intraday trading, breaking the $200 mark and reaching $205.45. -
Activist Investor Elliott Takes $1.9 Billion Stake in Southwest Airlines, Demands Leadership Change
Southwest Airlines finds itself at the center of an activist investor storm as Elliott Investment Management reveals a significant $1.9 billion stake in the U.S. carrier. This move, disclosed by The Wall Street Journal on Sunday, has propelled Southwest's shares by approximately 7% in premarket trading on Monday. Elliott, now one of Southwest's largest investors, is pushing for substantial changes to address the airline's recent underperformance. 
Southwest Airlines finds itself at the center of an activist investor storm as Elliott Investment Management reveals a significant $1.9 billion stake in the U.S. carrier. This move, disclosed by The Wall Street Journal on Sunday, has propelled Southwest's shares by approximately 7% in premarket trading on Monday. Elliott, now one of Southwest's largest investors, is pushing for substantial changes to address the airline's recent underperformance. -
GM Approves New $6 Billion Share Buyback Amid Strong Demand for Gasoline Vehicles
General Motors (GM) has unveiled a new $6 billion share buyback program, approved by its board, aimed at continuing to return capital to shareholders. This announcement comes on the heels of the completion of an accelerated $10 billion stock repurchase program, initiated in November 2023, expected to conclude by the end of this month. 
General Motors (GM) has unveiled a new $6 billion share buyback program, approved by its board, aimed at continuing to return capital to shareholders. This announcement comes on the heels of the completion of an accelerated $10 billion stock repurchase program, initiated in November 2023, expected to conclude by the end of this month. -
Nvidia's Stock Split Spurs Speculation of Dow Inclusion Amid $3 Trillion Valuation
Nvidia, the leading artificial intelligence chipmaker, recently executed a 10-for-1 stock split, drawing significant attention and sparking speculation about its potential inclusion in the Dow Jones Industrial Average. 
Nvidia, the leading artificial intelligence chipmaker, recently executed a 10-for-1 stock split, drawing significant attention and sparking speculation about its potential inclusion in the Dow Jones Industrial Average. -
Elliott Management Takes $2 Billion Stake in Southwest Airlines, Shares Surge
Southwest Airlines' stock experienced a notable surge of approximately 7% in premarket trading on Monday following a report by The Wall Street Journal revealing that activist investor Elliott Investment Management has acquired a nearly $2 billion stake in the airline. 
Southwest Airlines' stock experienced a notable surge of approximately 7% in premarket trading on Monday following a report by The Wall Street Journal revealing that activist investor Elliott Investment Management has acquired a nearly $2 billion stake in the airline. -
Tesla Looks to Small Investors for Support Amid Musk's $56 Billion Pay Package Vote
Tesla Inc. is turning to its legion of small shareholders as it seeks to gain support for Elon Musk's contentious $56 billion pay package, a move that could significantly influence the outcome of the company's annual meeting on June 13. With major institutional investors divided over the issue, the electric carmaker is leveraging its unique ownership structure, heavily populated by retail investors, to sway the vote in Musk's favor. 
Tesla Inc. is turning to its legion of small shareholders as it seeks to gain support for Elon Musk's contentious $56 billion pay package, a move that could significantly influence the outcome of the company's annual meeting on June 13. With major institutional investors divided over the issue, the electric carmaker is leveraging its unique ownership structure, heavily populated by retail investors, to sway the vote in Musk's favor. -
GameStop Plunges 40% After 'Roaring Kitty's' 50-Minute Livestream pen_spark
GameStop shares plummeted over 40% on Friday, June 7th, following a 50-minute YouTube livestream by Keith Gill, known as "Roaring Kitty" on social media. The stock, which Gill claims is his sole holding, experienced multiple trading halts due to the sharp decline. 
GameStop shares plummeted over 40% on Friday, June 7th, following a 50-minute YouTube livestream by Keith Gill, known as "Roaring Kitty" on social media. The stock, which Gill claims is his sole holding, experienced multiple trading halts due to the sharp decline. -
Spirit Airlines' CEO Dismisses Bankruptcy Speculation Amid Strategic Shift
Spirit Airlines' CEO Ted Christie has made it clear that the budget airline is not considering filing for Chapter 11 bankruptcy. His comments, made during the company's annual shareholder meeting, come in the wake of significant challenges and after a failed merger with JetBlue Airways. Christie expressed optimism about Spirit's standalone plan, despite the airline's current struggles. 
Spirit Airlines' CEO Ted Christie has made it clear that the budget airline is not considering filing for Chapter 11 bankruptcy. His comments, made during the company's annual shareholder meeting, come in the wake of significant challenges and after a failed merger with JetBlue Airways. Christie expressed optimism about Spirit's standalone plan, despite the airline's current struggles.
