Jonathan Wong
The Latest
-
NYCB Stock Tumbles as Moody’s Downgrade Shakes Confidence
New York Community Bank (NYCB) experienced a dramatic plunge in its stock value, following Moody's Investors Service's decision to downgrade the bank's credit rating to junk status. 
New York Community Bank (NYCB) experienced a dramatic plunge in its stock value, following Moody's Investors Service's decision to downgrade the bank's credit rating to junk status. -
Wall Street Concerns Mount Over Small Banks' Commercial Real Estate Loan Provisions as NYCB Shares Plummet
NYCB's stock experienced a significant decline, dropping 22.2% to $4.20, marking a new closing low since 1997. Since revealing unexpected losses on January 31, NYCB has seen its stock value decrease by nearly 60%, erasing approximately $4 billion in market value. NYCB's stock experienced a significant decline, dropping 22.2% to $4.20, marking a new closing low since 1997. Since revealing unexpected losses on January 31, NYCB has seen its stock value decrease by nearly 60%, erasing approximately $4 billion in market value. -
Snap Shares Plunge 30% Amid Disappointing Profits and Massive Layoffs
Snap's revenue for the fourth quarter of last year fell short of expectations, and the guidance for losses in the first quarter of 2024 significantly exceeded analysts' forecasts, due to the ongoing downturn in the digital advertising market. 
Snap's revenue for the fourth quarter of last year fell short of expectations, and the guidance for losses in the first quarter of 2024 significantly exceeded analysts' forecasts, due to the ongoing downturn in the digital advertising market. -
WeWork's Stock Surges Amid Acquisition Talks with Founder Adam Neumann
Adam Neumann, the ousted founder of WeWork, is reportedly seeking external funds to acquire the company and pull it out of bankruptcy. The potential financial backers include prominent Wall Street figures like Dan Loeb's hedge fund Third Point among others, a development that led to WeWork's stock doubling on February 6. 
Adam Neumann, the ousted founder of WeWork, is reportedly seeking external funds to acquire the company and pull it out of bankruptcy. The potential financial backers include prominent Wall Street figures like Dan Loeb's hedge fund Third Point among others, a development that led to WeWork's stock doubling on February 6. -
NTSB Cites Missing Bolts in Alaska Airlines Boeing 737 Max 9 Door Failure Incident
The National Transportation Safety Board (NTSB) has identified missing bolts as the cause of a door plug detachment on an Alaska Airlines Boeing 737 Max 9, shedding light on a harrowing mid-air incident that prompted an emergency landing. 
The National Transportation Safety Board (NTSB) has identified missing bolts as the cause of a door plug detachment on an Alaska Airlines Boeing 737 Max 9, shedding light on a harrowing mid-air incident that prompted an emergency landing. -
Tesla Shares Plummet Amid Corporate Fleet Challenges and Market Pressures
Tesla's stock price has been under significant pressure recently, experiencing a sharp decline of approximately 7% during trading hours, contributing to a cumulative drop of 30% since the beginning of the year. 
Tesla's stock price has been under significant pressure recently, experiencing a sharp decline of approximately 7% during trading hours, contributing to a cumulative drop of 30% since the beginning of the year. -
Snap to Lay Off 530 employees, 10% of Global Workforce
Snap Inc., the parent company of the popular social media platform Snapchat, announced it will be reducing its global workforce by 10%, equating to approximately 530 employees. Snap Inc., the parent company of the popular social media platform Snapchat, announced it will be reducing its global workforce by 10%, equating to approximately 530 employees. -
Boeing Faces New Setback with 737 Fuselage Flaws, Delivery Delays Loom
Boeing has encountered a manufacturing issue with the fuselages of its 737 jets, potentially impacting the delivery timeline for approximately 50 aircraft. 
Boeing has encountered a manufacturing issue with the fuselages of its 737 jets, potentially impacting the delivery timeline for approximately 50 aircraft. -
McDonald's Quarterly Sales Impacted by Middle East Turmoil, Misses Revenue Expectations
McDonald's Corp. experienced a mixed financial quarter, with its revenue falling short of expectations due to the impact of ongoing conflict in the Middle East on its operations in the region. 
McDonald's Corp. experienced a mixed financial quarter, with its revenue falling short of expectations due to the impact of ongoing conflict in the Middle East on its operations in the region. -
Tesla Initiates Recall to Update 2.2 Million Vehicles After Font Size Flaw Detected
Tesla Inc. is initiating a recall for 2.2 million vehicles across the United States due to an issue identified with the font size of the warning lights on the vehicle's display, which federal safety regulators have deemed too small to ensure safe driving. 
Tesla Inc. is initiating a recall for 2.2 million vehicles across the United States due to an issue identified with the font size of the warning lights on the vehicle's display, which federal safety regulators have deemed too small to ensure safe driving.
