Jonathan Wong

Jonathan Wong

The Latest

  • McDonald's Ends AI Drive-Thru Trial Following Customer Complaints and Viral Mishaps
    NO BLACKS?
    McDonald's has decided to terminate its trial of AI-powered ordering tools in drive-thru restaurants across the United States following numerous customer complaints and viral online videos highlighting the technology's frequent errors. The system, developed in partnership with IBM, utilized voice recognition to process orders but encountered significant reliability issues, leading to its removal.
  • Boeing Faces New Whistleblower Allegations Ahead of CEO's Testimony
    Boeing
    Boeing is under renewed scrutiny as a whistleblower has come forward with allegations of misconduct just hours before CEO David Calhoun is scheduled to testify on Capitol Hill.
  • FAA Probes Counterfeit Titanium in Boeing and Airbus Jets Amid Safety Concerns
    NEW LOCATION
    The Federal Aviation Administration (FAA) is currently investigating allegations of falsified documentation for titanium used in the manufacturing of Boeing and Airbus jets, according to reports from the New York Times. This inquiry underscores significant concerns about the integrity of materials critical to the aerospace industry.
  • Wells Fargo Fires Employees for Faking Keyboard Activity Amid Remote Work Scrutiny
    FIRED
    Wells Fargo has dismissed more than a dozen employees for simulating keyboard activity, a move that underscores the ongoing challenges of managing remote workforces. The bank's decision, disclosed in a filing with the Financial Industry Regulatory Authority (FINRA), highlights the persistent struggle to balance flexibility and accountability in a post-pandemic work environment.
  • In-N-Out Raises Prices Amid California Minimum Wage Hike Impact
    In-N-Out Raises Prices Amid California Minimum Wage Hike Impact
    In-N-Out Burger, the beloved West Coast fast food chain, has raised prices at its California locations following the state's recent increase in the minimum wage for fast food workers. The price hike, which took effect on April 1, is directly tied to the mandated wage increase from $16 to $20 per hour, a significant change aimed at improving conditions for fast food employees.
  • Ford Opens EV Sales to All Dealers, Expanding Reach to Over 90% of Americans
    FLEXIBLE SETUP
    Ford Motor Company announced Thursday that it will enable all its dealers to sell and service EVs. This move is expected to bring over 90% of Americans within a 25-mile radius of a Ford dealership offering electric models, significantly expanding the company's EV market reach.
  • J&J Reaches $700 Million Settlement Over Talc-Based Product Marketing
    SAFE?
    Johnson & Johnson has agreed to a $700 million settlement with 42 U.S. states and Washington, D.C., over allegations that the company misled consumers about the safety of its talc-based products, which have been blamed for allegedly causing cancer. This settlement concludes a major investigation into the marketing practices of the pharmaceutical giant, which had sold talc-based baby powder and other products for over a century.
  • GameStop Raises $2 Billion Amid Meme Stock Resurgence
    CRYPTO WALLET
    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
    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.
  • Apple's Stock Surges Over 6%, Hits New High as Analysts Predict iPhone Supercycle
    U.S. House Members Introduce Bill Targeting Apple And Google App Stores
    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.
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