Jonathan Wong
The Latest
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Tesla Board Chair Urges Reapproval of Musk's $45 Billion Compensation Package
Tesla Inc. (TSLA) Board Chair Robyn Denholm has urged shareholders to reapprove a controversial compensation package for CEO Elon Musk, warning that failure to do so could result in Musk shifting his focus away from the electric vehicle giant. 
Tesla Inc. (TSLA) Board Chair Robyn Denholm has urged shareholders to reapprove a controversial compensation package for CEO Elon Musk, warning that failure to do so could result in Musk shifting his focus away from the electric vehicle giant. -
Nvidia Surpasses Apple with $3 Trillion Market Cap Amid AI Frenzy
Nvidia's market value soared past $3 trillion, briefly positioning it ahead of Apple as the world's second most valuable company. This significant milestone underscores the burgeoning optimism surrounding Nvidia's pivotal role in the artificial intelligence (AI) revolution. 
Nvidia's market value soared past $3 trillion, briefly positioning it ahead of Apple as the world's second most valuable company. This significant milestone underscores the burgeoning optimism surrounding Nvidia's pivotal role in the artificial intelligence (AI) revolution. -
McDonald's Loses Big Mac Trademark Battle in EU to Irish Rival Supermac's
The European Union's General Court ruled against fast-food giant McDonald's in a trademark dispute over the use of the "Big Mac" name for poultry products. The court's decision, announced on Wednesday, marks a partial victory for Irish fast-food chain Supermac's, which had challenged McDonald's trademark claim. 
The European Union's General Court ruled against fast-food giant McDonald's in a trademark dispute over the use of the "Big Mac" name for poultry products. The court's decision, announced on Wednesday, marks a partial victory for Irish fast-food chain Supermac's, which had challenged McDonald's trademark claim. -
Epoch Times CFO Bill Guan Charged with Laundering $67 Million Using Cryptocurrency and Fraud
Weidong "Bill" Guan, the Chief Financial Officer of The Epoch Times, has been charged with orchestrating a complex, years-long scheme to launder at least $67 million in illicit funds. Federal prosecutors announced the charges on Monday, shedding light on a series of fraudulent activities involving cryptocurrency, prepaid debit cards, and stolen personal information. 
Weidong "Bill" Guan, the Chief Financial Officer of The Epoch Times, has been charged with orchestrating a complex, years-long scheme to launder at least $67 million in illicit funds. Federal prosecutors announced the charges on Monday, shedding light on a series of fraudulent activities involving cryptocurrency, prepaid debit cards, and stolen personal information. -
Costco's $1.50 Hot Dog Remains Unchanged Amid Rising Membership Fee Speculations
Costco shoppers can breathe a sigh of relief as the beloved $1.50 hot dog and soda combo will not see a price hike in the near future. However, membership fees may not enjoy the same stability. This dual update comes from Gary Millerchip, Costco's new CFO, during the company's recent earnings call, addressing growing speculation about potential price changes amid persistent inflation. 
Costco shoppers can breathe a sigh of relief as the beloved $1.50 hot dog and soda combo will not see a price hike in the near future. However, membership fees may not enjoy the same stability. This dual update comes from Gary Millerchip, Costco's new CFO, during the company's recent earnings call, addressing growing speculation about potential price changes amid persistent inflation. -
Paramount and Skydance Reach Agreement on Merger Terms, Awaiting Shari Redstone's Approval
The special committee established by Paramount's board of directors has reached an agreement with David Ellison's Skydance Media and its private-equity backers, RedBird Capital and KKR, on the terms of a complex merger deal. 
The special committee established by Paramount's board of directors has reached an agreement with David Ellison's Skydance Media and its private-equity backers, RedBird Capital and KKR, on the terms of a complex merger deal. -
Spotify Hikes Prices for U.S. Subscribers Again
Spotify, the leading music-streaming service, announced another round of price hikes for its U.S. subscribers, marking the second increase within a year. Starting in July, subscribers to Spotify's ad-free premium plan will see their monthly rate rise by $1, bringing the cost to $11.99. 
Spotify, the leading music-streaming service, announced another round of price hikes for its U.S. subscribers, marking the second increase within a year. Starting in July, subscribers to Spotify's ad-free premium plan will see their monthly rate rise by $1, bringing the cost to $11.99. -
Global Airlines Boost Profit Forecast Amid Surge in Travel Demand
The global airline industry has significantly raised its profit forecast for 2024, projecting nearly $1 trillion in revenues as travel demand continues to soar. The International Air Transport Association (IATA) announced on Monday that it expects the worldwide industry to generate $30.5 billion in profit this year, up from an upwardly revised $27.4 billion in 2023. This marks a remarkable recovery from a $140 billion loss in 2020 due to the pandemic. 
The global airline industry has significantly raised its profit forecast for 2024, projecting nearly $1 trillion in revenues as travel demand continues to soar. The International Air Transport Association (IATA) announced on Monday that it expects the worldwide industry to generate $30.5 billion in profit this year, up from an upwardly revised $27.4 billion in 2023. This marks a remarkable recovery from a $140 billion loss in 2020 due to the pandemic. -
GameStop Shares Soar After ‘Roaring Kitty’ Resurfaces With Massive $116 Million Bet
GameStop Corp. shares skyrocketed on Monday, more than doubling in value after Keith Gill, the influential figure behind the 2021 meme-stock frenzy, posted a screenshot suggesting he holds a $116 million position in the company. This marked Gill's first major social media activity in three years, reigniting fervor among retail traders and sending shockwaves through the market. 
GameStop Corp. shares skyrocketed on Monday, more than doubling in value after Keith Gill, the influential figure behind the 2021 meme-stock frenzy, posted a screenshot suggesting he holds a $116 million position in the company. This marked Gill's first major social media activity in three years, reigniting fervor among retail traders and sending shockwaves through the market. -
U.S. Government Nears Funding Deal for Moderna's Bird Flu Vaccine Trial
The U.S. government is close to finalizing a significant agreement with Moderna to fund the late-stage trial of its mRNA bird flu vaccine, according to a report by the Financial Times. This move comes amidst rising concerns about the outbreak spreading to dairy cows and the potential for broader public health implications. 
The U.S. government is close to finalizing a significant agreement with Moderna to fund the late-stage trial of its mRNA bird flu vaccine, according to a report by the Financial Times. This move comes amidst rising concerns about the outbreak spreading to dairy cows and the potential for broader public health implications.
