Jonathan Wong
The Latest
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Coca-Cola Beats Earnings Forecasts as Zero-Sugar Sales Surge and Boycott Impact Fades
Coca-Cola Co. reported stronger-than-expected third-quarter earnings Tuesday, lifted by resilient global demand for its zero-sugar beverages and Fairlife dairy products, even as its flagship Coke line continued to feel the effects of changing consumer habits and lingering reputational challenges. 
Coca-Cola Co. reported stronger-than-expected third-quarter earnings Tuesday, lifted by resilient global demand for its zero-sugar beverages and Fairlife dairy products, even as its flagship Coke line continued to feel the effects of changing consumer habits and lingering reputational challenges. -
GM Raises Full-Year Profit Guidance, Citing Lower Tariff Exposure and Record Q3 Earnings
General Motors shares surged Tuesday after the automaker raised its full-year profit forecast and reported stronger-than-expected quarterly earnings, aided by lower tariff exposure and robust demand for pickup trucks and SUVs. 
General Motors shares surged Tuesday after the automaker raised its full-year profit forecast and reported stronger-than-expected quarterly earnings, aided by lower tariff exposure and robust demand for pickup trucks and SUVs. -
Apple Nears $4 Trillion Valuation as iPhone 17 Sales Surge 14% in U.S. and China
Apple Inc. shares rallied Monday to a record high as robust demand for the new iPhone 17 series pushed the company within reach of a $4 trillion market valuation, positioning it just behind Nvidia as the world's most valuable publicly traded firm. 
Apple Inc. shares rallied Monday to a record high as robust demand for the new iPhone 17 series pushed the company within reach of a $4 trillion market valuation, positioning it just behind Nvidia as the world's most valuable publicly traded firm. -
Nestlé Stock Soars 8% as New CEO Unveils 16,000 Job Cuts and $3 Billion Efficiency Plan
Nestlé said Thursday it plans to cut 16,000 jobs worldwide as new Chief Executive Philipp Navratil launches a sweeping restructuring effort aimed at restoring growth, rebuilding investor confidence, and streamlining operations at the world's largest food and beverage company. The announcement, coupled with stronger-than-expected quarterly results, sent Nestlé shares up more than 8% in early trading, boosting Europe's food and beverage sector. 
Nestlé said Thursday it plans to cut 16,000 jobs worldwide as new Chief Executive Philipp Navratil launches a sweeping restructuring effort aimed at restoring growth, rebuilding investor confidence, and streamlining operations at the world's largest food and beverage company. The announcement, coupled with stronger-than-expected quarterly results, sent Nestlé shares up more than 8% in early trading, boosting Europe's food and beverage sector. -
TSMC’s AI-Driven Forecast Lifts Global Chip Stocks and Powers Wall Street Rally
Semiconductor stocks led Wall Street higher Thursday after Taiwan Semiconductor Manufacturing Co. (TSMC) raised its annual revenue forecast and posted record quarterly profits, reinforcing investor confidence in the global artificial intelligence boom. The upbeat report from the world's largest contract chipmaker helped extend this week's technology rally and offset renewed concerns over U.S.-China trade frictions. 
Semiconductor stocks led Wall Street higher Thursday after Taiwan Semiconductor Manufacturing Co. (TSMC) raised its annual revenue forecast and posted record quarterly profits, reinforcing investor confidence in the global artificial intelligence boom. The upbeat report from the world's largest contract chipmaker helped extend this week's technology rally and offset renewed concerns over U.S.-China trade frictions. -
Apple Unveils New MacBook Pro, iPad Pro, and Vision Pro Powered by M5 Chip With Major AI Boost
Apple announced a sweeping refresh of its MacBook Pro, iPad Pro, and Vision Pro product lines Wednesday, debuting its new M5 chip that the company says delivers the fastest performance yet for its devices, with a heavy focus on artificial intelligence capabilities. 
Apple announced a sweeping refresh of its MacBook Pro, iPad Pro, and Vision Pro product lines Wednesday, debuting its new M5 chip that the company says delivers the fastest performance yet for its devices, with a heavy focus on artificial intelligence capabilities. -
Morgan Stanley Posts Record $18.2 Billion Revenue as Deal Activity, Trading Drive Biggest Profit Beat in Five Years
Morgan Stanley delivered a major upside surprise in the third quarter, posting record revenue and the largest profit beat since 2019, fueled by a resurgence in dealmaking, robust equities trading, and expanding wealth management operations. 
Morgan Stanley delivered a major upside surprise in the third quarter, posting record revenue and the largest profit beat since 2019, fueled by a resurgence in dealmaking, robust equities trading, and expanding wealth management operations. -
Walmart Partners With OpenAI to Launch AI Shopping Through ChatGPT
Walmart is partnering with OpenAI to let shoppers buy groceries and household items directly through ChatGPT, marking one of the largest retail integrations yet between artificial intelligence and e-commerce. The move positions Walmart at the forefront of what it calls "AI-first shopping," where conversational technology replaces traditional search and checkout systems. 
Walmart is partnering with OpenAI to let shoppers buy groceries and household items directly through ChatGPT, marking one of the largest retail integrations yet between artificial intelligence and e-commerce. The move positions Walmart at the forefront of what it calls "AI-first shopping," where conversational technology replaces traditional search and checkout systems. -
GM to Take $1.6 Billion Charge Amid Slowdown in EV Demand and End of U.S. Tax Credits
General Motors said Tuesday it will take a $1.6 billion charge in the third quarter as the company reassesses its electric vehicle strategy following the cancellation of federal tax incentives and a slowdown in EV demand. The automaker's disclosure marks one of the clearest signs yet that U.S. carmakers are recalibrating their electric ambitions amid shifting policy and market conditions. 
General Motors said Tuesday it will take a $1.6 billion charge in the third quarter as the company reassesses its electric vehicle strategy following the cancellation of federal tax incentives and a slowdown in EV demand. The automaker's disclosure marks one of the clearest signs yet that U.S. carmakers are recalibrating their electric ambitions amid shifting policy and market conditions. -
Google Unveils $15 Billion Plan to Build Massive AI Data Center Hub in India
Google said Tuesday it will invest $15 billion over the next five years to build an artificial intelligence data center in India's southern state of Andhra Pradesh, marking the U.S. technology giant's largest single investment in the country and its biggest AI infrastructure project outside the United States. 
Google said Tuesday it will invest $15 billion over the next five years to build an artificial intelligence data center in India's southern state of Andhra Pradesh, marking the U.S. technology giant's largest single investment in the country and its biggest AI infrastructure project outside the United States.
