Jonathan Wong
The Latest
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UAW Pledges $40 Million to Unionize Auto and EV Battery Workers by 2026
The United Auto Workers (UAW) has taken a bold step forward in its efforts to expand its reach and influence within the non-union automobile and electric vehicle (EV) battery sectors in the United States. The United Auto Workers (UAW) has taken a bold step forward in its efforts to expand its reach and influence within the non-union automobile and electric vehicle (EV) battery sectors in the United States. -
Nvidia's Revenue Skyrockets 265% as AI Business Fuels Unprecedented Growth
Nvidia has significantly outperformed Wall Street expectations, posting a staggering 265% increase in revenue, driven largely by the booming demand for its artificial intelligence (AI) chips. Nvidia has significantly outperformed Wall Street expectations, posting a staggering 265% increase in revenue, driven largely by the booming demand for its artificial intelligence (AI) chips. -
Boeing Shakes Up Leadership in Response to 737 Max Safety Concerns
Boeing has made the significant decision to remove Ed Clark from his role as the head of the 737 Max passenger jet program, a move that comes in the wake of a series of safety incidents, including a recent alarming midair blowout. Boeing has made the significant decision to remove Ed Clark from his role as the head of the 737 Max passenger jet program, a move that comes in the wake of a series of safety incidents, including a recent alarming midair blowout. -
JD.com Eyes Currys Acquisition for Swift European Market Entry
The burgeoning interest of JD.com in acquiring British electronics retailer Currys marks a strategic shift in the Chinese e-commerce behemoth's approach to global expansion, particularly in the European market. The burgeoning interest of JD.com in acquiring British electronics retailer Currys marks a strategic shift in the Chinese e-commerce behemoth's approach to global expansion, particularly in the European market. -
American Airlines Overhauls Baggage Pricing and Loyalty Mileage Rules
The changes in baggage fees are set to affect passengers across various routes, with the first checked bag on domestic flights now costing $35 if booked online in advance and $40 if purchased at the airport, up from the previous $30. The changes in baggage fees are set to affect passengers across various routes, with the first checked bag on domestic flights now costing $35 if booked online in advance and $40 if purchased at the airport, up from the previous $30. -
Unions Target Starbucks Board, Citing Flawed Response to Worker Organizing
The Strategic Organizing Center (SOC), a coalition of labor unions, is intensifying its scrutiny of Starbucks ahead of a pivotal proxy battle at the company's annual meeting in March. The SOC contends that Starbucks' response to the ongoing unionization efforts among its baristas reflects a "flawed human capital management strategy," jeopardizing the company's reputation, shareholder returns, and customer loyalty. The Strategic Organizing Center (SOC), a coalition of labor unions, is intensifying its scrutiny of Starbucks ahead of a pivotal proxy battle at the company's annual meeting in March. The SOC contends that Starbucks' response to the ongoing unionization efforts among its baristas reflects a "flawed human capital management strategy," jeopardizing the company's reputation, shareholder returns, and customer loyalty. -
Home Depot Projects Downturn in 2024 Sales Amidst Shifting Consumer Spending
Home Depot, the leading U.S. home improvement retailer, is bracing for subdued growth in 2024 as it navigates a challenging economic landscape marked by persistent inflation and shifting consumer spending patterns. Home Depot, the leading U.S. home improvement retailer, is bracing for subdued growth in 2024 as it navigates a challenging economic landscape marked by persistent inflation and shifting consumer spending patterns. -
Walmart Reports Strong Quarter: E-Commerce Surge and Expansion into Digital Advertising
Walmart, the largest retailer in the United States, is poised to report another quarter of sales growth, albeit at a slower pace compared to the previous year. As the company prepares to announce its fourth-quarter results, expectations are set for a 3.2% increase in U.S. same-store sales, a notable decrease from last year's 8.8% growth. Walmart, the largest retailer in the United States, is poised to report another quarter of sales growth, albeit at a slower pace compared to the previous year. As the company prepares to announce its fourth-quarter results, expectations are set for a 3.2% increase in U.S. same-store sales, a notable decrease from last year's 8.8% growth. -
Capital One Eyes Acquisition of Discover Financial in Potential Billion-Dollar Deal, WSJ Syas
Capital One Financial is reportedly set to acquire Discover Financial Services, a development that underscores the ongoing consolidation within the industry. Capital One Financial is reportedly set to acquire Discover Financial Services, a development that underscores the ongoing consolidation within the industry. -
U.S. Injects $1.5 Billion into GlobalFoundries to Ramp Up Semiconductor Production
Biden administration announced a significant $1.5 billion grant to GlobalFoundries. Biden administration announced a significant $1.5 billion grant to GlobalFoundries.