Jonathan Wong
The Latest
-
Sony and Apollo Express Interest in $26 Billion Paramount Buyout Amid Skydance Bid Deliberations
Paramount Global finds itself at a crossroads as the company weighs competing offers from Sony Pictures and private equity firm Apollo Global Management, as well as Skydance Media, backed by private equity firms RedBird Capital and KKR. 
Paramount Global finds itself at a crossroads as the company weighs competing offers from Sony Pictures and private equity firm Apollo Global Management, as well as Skydance Media, backed by private equity firms RedBird Capital and KKR. -
Coinbase Capitalizes on Bitcoin Surge, Posts Strong Q1 Earnings
Coinbase Global Inc. reported a significant earnings beat for the first quarter, with revenues soaring past analyst expectations, thanks in part to a robust rally in bitcoin prices. The company's financial results were bolstered by increased trading volumes and a surge in transaction revenue, reflecting heightened investor interest in cryptocurrencies. 
Coinbase Global Inc. reported a significant earnings beat for the first quarter, with revenues soaring past analyst expectations, thanks in part to a robust rally in bitcoin prices. The company's financial results were bolstered by increased trading volumes and a surge in transaction revenue, reflecting heightened investor interest in cryptocurrencies. -
Apple Reports Resilient Q2 Earnings Amidst iPhone Sales Decline
Apple Inc. (AAPL) delivered its second-quarter earnings report on Thursday, surpassing Wall Street expectations even as iPhone sales fell by 10%. Despite the overall decline in revenue, particularly in the Greater China region, the tech giant saw its shares rise by as much as 4% in extended trading. 
Apple Inc. (AAPL) delivered its second-quarter earnings report on Thursday, surpassing Wall Street expectations even as iPhone sales fell by 10%. Despite the overall decline in revenue, particularly in the Greater China region, the tech giant saw its shares rise by as much as 4% in extended trading. -
Trump Media Calls for Congressional Probe into Alleged Stock Manipulation
Devin Nunes, CEO of Trump Media, has intensified his call for legislative scrutiny into the short selling practices affecting the company's stock. Trump Media, holding a significant interest by former President Donald Trump, has been in the spotlight since its shares began trading publicly, sparking controversial debates over its valuation and stock movements. 
Devin Nunes, CEO of Trump Media, has intensified his call for legislative scrutiny into the short selling practices affecting the company's stock. Trump Media, holding a significant interest by former President Donald Trump, has been in the spotlight since its shares began trading publicly, sparking controversial debates over its valuation and stock movements. -
Wayfair Narrows Losses and Beats Revenue Estimates Amid Workforce Reductions
Wayfair Inc., the well-known online furniture retailer, reported a significant reduction in its quarterly losses, exceeding Wall Street's forecasts for both revenue and earnings. The company's shares surged by over 10% in Thursday morning trading, reflecting investor optimism spurred by these stronger-than-expected results. 
Wayfair Inc., the well-known online furniture retailer, reported a significant reduction in its quarterly losses, exceeding Wall Street's forecasts for both revenue and earnings. The company's shares surged by over 10% in Thursday morning trading, reflecting investor optimism spurred by these stronger-than-expected results. -
Shell Reports $7.7 Billion Profit Amid Surge in Oil Trading and LNG Production
Shell Plc delivered a robust financial performance in the first quarter, announcing profits that significantly exceeded market expectations. On Thursday, the energy giant revealed it had achieved a staggering $7.7 billion in earnings for the quarter, driven by exceptional results in oil trading and an uptick in liquefied natural gas (LNG) production. 
Shell Plc delivered a robust financial performance in the first quarter, announcing profits that significantly exceeded market expectations. On Thursday, the energy giant revealed it had achieved a staggering $7.7 billion in earnings for the quarter, driven by exceptional results in oil trading and an uptick in liquefied natural gas (LNG) production. -
Peloton CEO Barry McCarthy Resigns Amid 15% Staff Layoffs and Debt Refinancing Efforts
Peloton, the once-thriving connected fitness company, announced a major leadership shakeup and another round of layoffs on Thursday as it grapples with declining sales and mounting debt. CEO Barry McCarthy, who took the helm just over two years ago, will step down and become a strategic advisor to the company through the end of the year. 
Peloton, the once-thriving connected fitness company, announced a major leadership shakeup and another round of layoffs on Thursday as it grapples with declining sales and mounting debt. CEO Barry McCarthy, who took the helm just over two years ago, will step down and become a strategic advisor to the company through the end of the year. -
Starbucks Shares Tumble Amid Economic Challenges and Political Boycotts
Starbucks, the global coffee giant, has seen its shares plummet nearly 14% following a challenging quarter marked by weakening demand in the U.S. and slower recovery rates in China. This significant drop came before the bell on Wednesday, with the company also cutting its annual forecasts amid numerous pressures including consumer resistance to price hikes and a broader economic slowdown. 
Starbucks, the global coffee giant, has seen its shares plummet nearly 14% following a challenging quarter marked by weakening demand in the U.S. and slower recovery rates in China. This significant drop came before the bell on Wednesday, with the company also cutting its annual forecasts amid numerous pressures including consumer resistance to price hikes and a broader economic slowdown. -
Walmart to Shutter All 51 Health Centers and Virtual Care Service Amid Profitability Concerns
Walmart, the U.S. retail giant, announced on Tuesday that it will close all 51 of its health centers and wind down its virtual care service after struggling to find success with the offerings. The decision comes as a surprise, given the company's previous plans to expand its health care venture by adding more than two dozen health centers to its stores this year. 
Walmart, the U.S. retail giant, announced on Tuesday that it will close all 51 of its health centers and wind down its virtual care service after struggling to find success with the offerings. The decision comes as a surprise, given the company's previous plans to expand its health care venture by adding more than two dozen health centers to its stores this year. -
Johnson & Johnson Agrees to $6.5 Billion Settlement in Talc Ovarian Cancer Lawsuits
Johnson & Johnson has announced a comprehensive settlement, agreeing to pay $6.5 billion to resolve the vast majority of U.S. lawsuits alleging that its talc-based products caused ovarian cancer. This settlement, facilitated through the third bankruptcy filing of its subsidiary LTL Management, marks a significant development in a series of legal battles that have tarnished the pharmaceutical giant's reputation and impacted its financial performance. 
Johnson & Johnson has announced a comprehensive settlement, agreeing to pay $6.5 billion to resolve the vast majority of U.S. lawsuits alleging that its talc-based products caused ovarian cancer. This settlement, facilitated through the third bankruptcy filing of its subsidiary LTL Management, marks a significant development in a series of legal battles that have tarnished the pharmaceutical giant's reputation and impacted its financial performance.
