Jonathan Wong
The Latest
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Tesla Disbands Supercharger Team Amid Cost-Cutting Measures, Leaving Automakers and Customers Uncertain
In a surprising move that has left automakers and customers uncertain about the future of Tesla's electric vehicle (EV) charging network, CEO Elon Musk abruptly decided to lay off the employees who ran the company's Supercharger business. 
In a surprising move that has left automakers and customers uncertain about the future of Tesla's electric vehicle (EV) charging network, CEO Elon Musk abruptly decided to lay off the employees who ran the company's Supercharger business. -
Binance Founder Changpeng Zhao Sentenced to 4 Months in Prison for Money Laundering Violations
Changpeng Zhao, the billionaire founder of Binance, the world's largest cryptocurrency exchange, has been sentenced to four months in prison after pleading guilty to charges of enabling money laundering at his company. The sentencing, which took place on Tuesday in Seattle federal court, marks a significant development in the ongoing legal battles surrounding the crypto industry. 
Changpeng Zhao, the billionaire founder of Binance, the world's largest cryptocurrency exchange, has been sentenced to four months in prison after pleading guilty to charges of enabling money laundering at his company. The sentencing, which took place on Tuesday in Seattle federal court, marks a significant development in the ongoing legal battles surrounding the crypto industry. -
HSBC Group CEO Noel Quinn Announces Surprise Retirement After 37 Years with the Bank
Noel Quinn, the Group Chief Executive Officer of HSBC, has announced his surprise retirement after nearly five years at the helm of the London-based bank. The announcement, made on Tuesday, coincided with the release of HSBC's first-quarter earnings report, which showed a slight decline in profits compared to the previous year. 
Noel Quinn, the Group Chief Executive Officer of HSBC, has announced his surprise retirement after nearly five years at the helm of the London-based bank. The announcement, made on Tuesday, coincided with the release of HSBC's first-quarter earnings report, which showed a slight decline in profits compared to the previous year. -
NHTSA Launches Investigation into Ford's BlueCruise Technology Following Two Fatal Crashes
The National Highway Traffic Safety Administration (NHTSA) has initiated an investigation into Ford Motor's hands-free driving technology, BlueCruise, following two fatal crashes involving Mustang Mach-E SUVs colliding with parked vehicles. 
The National Highway Traffic Safety Administration (NHTSA) has initiated an investigation into Ford Motor's hands-free driving technology, BlueCruise, following two fatal crashes involving Mustang Mach-E SUVs colliding with parked vehicles. -
Bob Bakish to Step Down as Paramount Global CEO, Trio to Lead Amid Merger Speculations
Paramount Global announced a significant leadership change, revealing that CEO Bob Bakish will step down, effective immediately, amid ongoing merger negotiations and a strategic corporate overhaul. Bakish, who has been a pivotal figure in the company's evolution since 1997, will also relinquish his board position as the company transitions to a new leadership structure dubbed the "Office of the CEO." 
Paramount Global announced a significant leadership change, revealing that CEO Bob Bakish will step down, effective immediately, amid ongoing merger negotiations and a strategic corporate overhaul. Bakish, who has been a pivotal figure in the company's evolution since 1997, will also relinquish his board position as the company transitions to a new leadership structure dubbed the "Office of the CEO." -
Philips Reaches $1.1 Billion Settlement in US Over Recalled Respiratory Devices, Shares Soar
Dutch medical device maker Philips has reached a $1.1 billion settlement in the United States to resolve personal injury claims and a medical monitoring class action related to its recalled respiratory devices. The agreement, which addresses claims filed in U.S. courts and other potential cases, has sent the company's shares surging by more than 33 percent on the Amsterdam stock exchange, as the settlement amount is significantly lower than the $2-4 billion expected by analysts and the worst-case scenario of $10 billion. 
Dutch medical device maker Philips has reached a $1.1 billion settlement in the United States to resolve personal injury claims and a medical monitoring class action related to its recalled respiratory devices. The agreement, which addresses claims filed in U.S. courts and other potential cases, has sent the company's shares surging by more than 33 percent on the Amsterdam stock exchange, as the settlement amount is significantly lower than the $2-4 billion expected by analysts and the worst-case scenario of $10 billion. -
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.
