Jonathan Wong
The Latest
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SoftBank–OpenAI AI Infrastructure Deal Delayed Due to Tariffs
OpenAI's ambitious $500 billion Stargate project is facing mounting delays as concerns over rising tariffs and market uncertainty erode investor enthusiasm, people familiar with the matter told Bloomberg. 
OpenAI's ambitious $500 billion Stargate project is facing mounting delays as concerns over rising tariffs and market uncertainty erode investor enthusiasm, people familiar with the matter told Bloomberg. -
Temu and Shein Face Uncertainty as U.S.-China Tariff Deal Omits $800 De Minimis Exemption
The U.S.-China agreement announced Monday to roll back tariffs by up to 115% omitted a key provision that has reshaped American e-commerce: the de minimis exemption for low-value imports. Trade experts and industry executives noted the absence of any mention of the small-package rule, which allowed duty-free entry for individual shipments valued under $800. 
The U.S.-China agreement announced Monday to roll back tariffs by up to 115% omitted a key provision that has reshaped American e-commerce: the de minimis exemption for low-value imports. Trade experts and industry executives noted the absence of any mention of the small-package rule, which allowed duty-free entry for individual shipments valued under $800. -
Lyft Shares Surge 22% as $750 Million Buyback, Ride Growth Signal Strong Demand
Lyft shares jumped 22% to $15.84 on Friday after the ride-hailing company reported strong first-quarter results and announced an expansion of its share repurchase program to $750 million. The surge follows better-than-expected gross bookings and a bullish outlook on consumer demand, reinforcing investor confidence in the company's growth trajectory. 
Lyft shares jumped 22% to $15.84 on Friday after the ride-hailing company reported strong first-quarter results and announced an expansion of its share repurchase program to $750 million. The surge follows better-than-expected gross bookings and a bullish outlook on consumer demand, reinforcing investor confidence in the company's growth trajectory. -
Bill Gates Pledges to Give Away $200 Billion by 2045, Shutter Gates Foundation
Bill Gates announced Thursday that he will give away "virtually all" of his remaining fortune - estimated at over $100 billion - through the Bill & Melinda Gates Foundation by 2045, after which the organization will close permanently. The move, billed by the foundation as the largest philanthropic commitment in modern history, comes as Gates also issued sharp criticism of President Donald Trump and Elon Musk for slashing international aid budgets. 
Bill Gates announced Thursday that he will give away "virtually all" of his remaining fortune - estimated at over $100 billion - through the Bill & Melinda Gates Foundation by 2045, after which the organization will close permanently. The move, billed by the foundation as the largest philanthropic commitment in modern history, comes as Gates also issued sharp criticism of President Donald Trump and Elon Musk for slashing international aid budgets. -
Nvidia Shares Jump 3% as Trump Scraps Biden-Era AI Chip Export Rule
Nvidia shares climbed more than 3% Wednesday after the Trump administration confirmed it will rescind the Biden-era "AI diffusion rule," a sweeping regulation that would have imposed strict licensing requirements on exports of high-end artificial intelligence chips. The decision, confirmed by the Department of Commerce, marks a major win for U.S. chipmakers and signals a dramatic shift in American AI policy. 
Nvidia shares climbed more than 3% Wednesday after the Trump administration confirmed it will rescind the Biden-era "AI diffusion rule," a sweeping regulation that would have imposed strict licensing requirements on exports of high-end artificial intelligence chips. The decision, confirmed by the Department of Commerce, marks a major win for U.S. chipmakers and signals a dramatic shift in American AI policy. -
Apple Fights Contempt Sanction, Says In-App Payment Ruling Threatens Core Revenue
Apple is seeking an emergency pause on a recent court order that could force major changes to its App Store business, warning that the mandated overhaul could cost the company "hundreds of millions to billions" of dollars annually. The move comes after U.S. District Judge Yvonne Gonzalez Rogers held Apple in contempt for violating a 2021 injunction in its legal battle with Epic Games. 
Apple is seeking an emergency pause on a recent court order that could force major changes to its App Store business, warning that the mandated overhaul could cost the company "hundreds of millions to billions" of dollars annually. The move comes after U.S. District Judge Yvonne Gonzalez Rogers held Apple in contempt for violating a 2021 injunction in its legal battle with Epic Games. -
Disney to Build Tech-Focused Theme Park in Abu Dhabi, Its First New Resort in 15 Years
The Walt Disney Company on Wednesday announced plans to develop a new theme park and resort in Abu Dhabi, marking its first new global resort destination in over 15 years. The project, to be built on Yas Island in partnership with UAE-based Miral, will be Disney's seventh resort complex and its first in the Middle East. 
The Walt Disney Company on Wednesday announced plans to develop a new theme park and resort in Abu Dhabi, marking its first new global resort destination in over 15 years. The project, to be built on Yas Island in partnership with UAE-based Miral, will be Disney's seventh resort complex and its first in the Middle East. -
Uber Shares Fall as Q1 Revenue Misses Forecast Despite 18% Trip Growth
Uber Technologies Inc. reported first-quarter earnings on Wednesday that beat analyst estimates on profit but came in slightly below expectations on revenue, triggering a nearly 5% drop in its stock. The ride-hailing and delivery company posted $11.53 billion in revenue, missing the consensus estimate of $11.62 billion, despite a strong uptick in trips and bookings across its platform. 
Uber Technologies Inc. reported first-quarter earnings on Wednesday that beat analyst estimates on profit but came in slightly below expectations on revenue, triggering a nearly 5% drop in its stock. The ride-hailing and delivery company posted $11.53 billion in revenue, missing the consensus estimate of $11.62 billion, despite a strong uptick in trips and bookings across its platform. -
DoorDash to Acquire Deliveroo for $3.9 Billion in Major European Expansion Push
DoorDash will acquire British food delivery company Deliveroo in a $3.9 billion deal, marking one of the largest cross-border moves in the food delivery sector to date and underscoring the U.S. firm's continued push to expand its international footprint. 
DoorDash will acquire British food delivery company Deliveroo in a $3.9 billion deal, marking one of the largest cross-border moves in the food delivery sector to date and underscoring the U.S. firm's continued push to expand its international footprint. -
Ferrari Earnings Beat Forecasts as Revenue Hits $2.03 Billion, Warns U.S. Tariffs May Cut Margins
Ferrari NV reported a 17% jump in first-quarter profit, driven by strong demand for customized luxury vehicles, but warned that newly imposed U.S. tariffs could dent its full-year margins and force price hikes of up to $50,000 per car. The Italian automaker posted a net profit of €412 million ($466.3 million) for the first three months of 2025, ahead of analysts' expectations of €410 million, according to Reuters. 
Ferrari NV reported a 17% jump in first-quarter profit, driven by strong demand for customized luxury vehicles, but warned that newly imposed U.S. tariffs could dent its full-year margins and force price hikes of up to $50,000 per car. The Italian automaker posted a net profit of €412 million ($466.3 million) for the first three months of 2025, ahead of analysts' expectations of €410 million, according to Reuters.
