Jonathan Wong
The Latest
-
Tesla's Stock Surges as China Approves Full Self-Driving Deployment Under Certain Conditions
Tesla's stock (TSLA) experienced a significant surge in pre-market trading on Wall Street, gaining more than 6% following reports that China is set to approve the automaker's deployment of its Full Self-Driving (FSD) package in the country. The approval comes with certain conditions, according to a person with knowledge of the matter who asked to remain anonymous due to the ambiguity surrounding all the criteria. 
Tesla's stock (TSLA) experienced a significant surge in pre-market trading on Wall Street, gaining more than 6% following reports that China is set to approve the automaker's deployment of its Full Self-Driving (FSD) package in the country. The approval comes with certain conditions, according to a person with knowledge of the matter who asked to remain anonymous due to the ambiguity surrounding all the criteria. -
Republic First Bank Closure: U.S. Bank's First Failure of 2024 Stirs Crypto Community
The U.S. banking sector faced its first hiccup of 2024 with the closure of Philadelphia-based Republic First Bank by federal regulators, an event that has not only stirred the banking community but also caught the attention of the cryptocurrency world. 
The U.S. banking sector faced its first hiccup of 2024 with the closure of Philadelphia-based Republic First Bank by federal regulators, an event that has not only stirred the banking community but also caught the attention of the cryptocurrency world. -
JPMorgan CEO Jamie Dimon Expresses Cautious Optimism for US Economy, Warns of Stagflation Risk
JPMorgan Chase CEO Jamie Dimon remains hopeful that the Federal Reserve can successfully navigate the U.S. economy to a soft landing, bringing down inflation without triggering a recession. 
JPMorgan Chase CEO Jamie Dimon remains hopeful that the Federal Reserve can successfully navigate the U.S. economy to a soft landing, bringing down inflation without triggering a recession. -
NHTSA Probes Adequacy of Tesla's Massive Autopilot Recall Amid Ongoing Crashes
The U.S. National Highway Traffic Safety Administration (NHTSA) has initiated a new investigation into Tesla Inc.'s recent Autopilot recall to determine if measures taken last December adequately address the system's safety concerns. The U.S. National Highway Traffic Safety Administration (NHTSA) has initiated a new investigation into Tesla Inc.'s recent Autopilot recall to determine if measures taken last December adequately address the system's safety concerns. -
Exxon Mobil's Q1 Earnings Miss Estimates as Refining Margins and Natural Gas Prices Squeeze Profits
Exxon Mobil Corp reported first-quarter earnings that fell short of analysts' expectations on Friday, as the oil giant grappled with eroding refining margins and collapsing natural gas prices. The company's stock fell nearly 2% in early trading following the announcement. 
Exxon Mobil Corp reported first-quarter earnings that fell short of analysts' expectations on Friday, as the oil giant grappled with eroding refining margins and collapsing natural gas prices. The company's stock fell nearly 2% in early trading following the announcement. -
BHP's $39 Billion Bid for Anglo American Could Create World's Largest Copper Producer
BHP Group, the world's largest mining company by market value, has launched an audacious $38.8 billion bid to acquire Anglo American. This proposed deal, the largest in the mining sector since records began, could potentially create the largest copper miner globally, a move that reflects the soaring demand for metals essential for renewable energy technologies. 
BHP Group, the world's largest mining company by market value, has launched an audacious $38.8 billion bid to acquire Anglo American. This proposed deal, the largest in the mining sector since records began, could potentially create the largest copper miner globally, a move that reflects the soaring demand for metals essential for renewable energy technologies. -
Meta Shares Plummet Despite Strong Q1 Earnings as AI Spending Plans Spook Investors
Meta, the parent company of Facebook, WhatsApp, and Instagram, reported strong first-quarter earnings on Wednesday, but a disappointing second-quarter forecast and increased spending plans for artificial intelligence (AI) sent shares tumbling by more than 15% in after-hours trading. 
Meta, the parent company of Facebook, WhatsApp, and Instagram, reported strong first-quarter earnings on Wednesday, but a disappointing second-quarter forecast and increased spending plans for artificial intelligence (AI) sent shares tumbling by more than 15% in after-hours trading. -
IBM to Acquire HashiCorp for $6.4 Billion, Shares Slip on Mixed Q1 Results
IBM announced plans to acquire cloud-software company HashiCorp for $6.4 billion on Wednesday, a move aimed at creating a comprehensive end-to-end hybrid cloud platform for the AI era. The news came alongside the computing giant's first-quarter earnings report, which showed mixed results, with adjusted earnings per share beating expectations but revenue falling slightly short of estimates. 
IBM announced plans to acquire cloud-software company HashiCorp for $6.4 billion on Wednesday, a move aimed at creating a comprehensive end-to-end hybrid cloud platform for the AI era. The news came alongside the computing giant's first-quarter earnings report, which showed mixed results, with adjusted earnings per share beating expectations but revenue falling slightly short of estimates. -
Boeing Beats Earnings Expectations Amidst 737 Max Crisis, CEO to Step Down
Boeing, the aerospace giant, reported better-than-expected first-quarter results on Wednesday, despite facing a tumultuous period headlined by the 737 Max crisis. The company posted a narrower core loss per share of $1.13, beating Wall Street estimates of $1.72, while revenue came in at $16.57 billion, surpassing forecasts of $16.25 billion. 
Boeing, the aerospace giant, reported better-than-expected first-quarter results on Wednesday, despite facing a tumultuous period headlined by the 737 Max crisis. The company posted a narrower core loss per share of $1.13, beating Wall Street estimates of $1.72, while revenue came in at $16.57 billion, surpassing forecasts of $16.25 billion. -
Tesla Shares Surge as Elon Musk Announces Plans for New Affordable EV Models by 2025
Tesla shares experienced a significant 15% surge on Wednesday morning following CEO Elon Musk's announcement that the electric-vehicle company plans to begin production of new affordable EV models by early 2025. The news came during Tesla's earnings call on Tuesday, where the company reported disappointing first-quarter numbers, with revenue falling 9% year over year - its steepest annual decline since 2012. 
Tesla shares experienced a significant 15% surge on Wednesday morning following CEO Elon Musk's announcement that the electric-vehicle company plans to begin production of new affordable EV models by early 2025. The news came during Tesla's earnings call on Tuesday, where the company reported disappointing first-quarter numbers, with revenue falling 9% year over year - its steepest annual decline since 2012.
