Jonathan Wong
The Latest
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Tech Firm Fined for 'Whites Only' Job Posting, Cites Rogue Recruiter
Arthur Grand Technologies, an information technology services firm specializing in government contracts, has found itself at the center of a controversy after a job posting specified that only "white" U.S.-born citizens should apply. The discriminatory advertisement led to a settlement with the U.S. Department of Justice (DOJ), including a civil penalty and required reforms to the company's hiring practices. 
Arthur Grand Technologies, an information technology services firm specializing in government contracts, has found itself at the center of a controversy after a job posting specified that only "white" U.S.-born citizens should apply. The discriminatory advertisement led to a settlement with the U.S. Department of Justice (DOJ), including a civil penalty and required reforms to the company's hiring practices. -
Eli Lilly to Invest $5.3 Billion More in Indiana Plant to Meet Rising Demand for Key Drugs
Eli Lilly & Co. has announced an additional $5.3 billion investment in its manufacturing facility in Lebanon, Indiana, aiming to address the soaring demand for its weight loss drug Zepbound and diabetes treatment Mounjaro. This significant commitment elevates Eli Lilly's total investment at the site to $9 billion, marking the largest manufacturing investment in the company's nearly 150-year history. 
Eli Lilly & Co. has announced an additional $5.3 billion investment in its manufacturing facility in Lebanon, Indiana, aiming to address the soaring demand for its weight loss drug Zepbound and diabetes treatment Mounjaro. This significant commitment elevates Eli Lilly's total investment at the site to $9 billion, marking the largest manufacturing investment in the company's nearly 150-year history. -
Nvidia CEO Jensen Huang's Net Worth Skyrockets from $3 Billion to $90 Billion in Five Years Amid AI Boom
Nvidia CEO Jensen Huang's net worth has experienced a staggering increase over the past five years, soaring from roughly $3 billion to more than $90 billion, largely due to the company's dominance in the artificial intelligence (AI) chip market. 
Nvidia CEO Jensen Huang's net worth has experienced a staggering increase over the past five years, soaring from roughly $3 billion to more than $90 billion, largely due to the company's dominance in the artificial intelligence (AI) chip market. -
Elon Musk Denies SpaceX Tender Offer Rumors Amid $200 Billion Valuation Speculation
Elon Musk has dismissed recent reports suggesting that SpaceX, his privately held aerospace company, is considering a tender offer for existing shares that would value the company at approximately $200 billion. 
Elon Musk has dismissed recent reports suggesting that SpaceX, his privately held aerospace company, is considering a tender offer for existing shares that would value the company at approximately $200 billion. -
Boeing Faces Financial Turbulence as Cash Flow Targets Are Lowered Amid Certification Hurdles in China
Boeing Co. is grappling with renewed financial strain, scrapping its previous forecast to generate cash flow this year. Instead, the aerospace giant anticipates another significant outflow in the second quarter, as it battles multiple challenges in its efforts to ramp up production and deliveries. 
Boeing Co. is grappling with renewed financial strain, scrapping its previous forecast to generate cash flow this year. Instead, the aerospace giant anticipates another significant outflow in the second quarter, as it battles multiple challenges in its efforts to ramp up production and deliveries. -
New Home Sales in the U.S. Fall Sharply in April Amid Rising Mortgage Rates and Prices
Sales of newly constructed single-family homes in the United States fell more than expected in April, as rising mortgage rates and higher home prices continued to dampen demand. According to data from the U.S. Commerce Department, new home sales decreased by 4.7% to a seasonally adjusted annual rate of 634,000 units, a significant drop from March's revised rate of 665,000 units. 
Sales of newly constructed single-family homes in the United States fell more than expected in April, as rising mortgage rates and higher home prices continued to dampen demand. According to data from the U.S. Commerce Department, new home sales decreased by 4.7% to a seasonally adjusted annual rate of 634,000 units, a significant drop from March's revised rate of 665,000 units. -
Nvidia Stock Jumps Over 9% as AI Boom Powers Semiconductor Giant to Record Gains and Stock Split
Nvidia, the semiconductor giant at the forefront of the artificial intelligence revolution, announced a 10-for-1 stock split on Thursday as its shares soared over 9%, past $1035. This move underscores Nvidia's remarkable year, with shares advancing more than 90% and cementing its role as a leader in AI technology. 
Nvidia, the semiconductor giant at the forefront of the artificial intelligence revolution, announced a 10-for-1 stock split on Thursday as its shares soared over 9%, past $1035. This move underscores Nvidia's remarkable year, with shares advancing more than 90% and cementing its role as a leader in AI technology. -
Nvidia Reports Stellar Q1 Earnings, Announces 10-for-1 Stock Split and Dividend Increase
Nvidia (NVDA) reported outstanding first quarter earnings on Wednesday, surpassing analysts' expectations and announcing a 10-for-1 stock split along with an increased dividend. 
Nvidia (NVDA) reported outstanding first quarter earnings on Wednesday, surpassing analysts' expectations and announcing a 10-for-1 stock split along with an increased dividend. -
US Home Sales Unexpectedly Drop in April Despite Increased Inventory and Rising Prices
Sales of previously owned homes in the United States unexpectedly fell in April, marking the second consecutive monthly decline, as higher mortgage rates and escalating home prices continued to weigh on demand. 
Sales of previously owned homes in the United States unexpectedly fell in April, marking the second consecutive monthly decline, as higher mortgage rates and escalating home prices continued to weigh on demand. -
Target's Earnings Miss Amid Inflation Strain on Consumer Wallets, CEO Cites Challenges in Food and Essentials
Target (TGT) missed the mark in its first-quarter earnings report, as inflation-battered U.S. households continue to avoid purchasing non-essential items. The company's shares fell 7% in pre-market trading on Wednesday following the disappointing results, which CEO Brian Cornell attributed to the "biggest challenges" Target is hearing from its shoppers: "inflation in food and household essentials." 
Target (TGT) missed the mark in its first-quarter earnings report, as inflation-battered U.S. households continue to avoid purchasing non-essential items. The company's shares fell 7% in pre-market trading on Wednesday following the disappointing results, which CEO Brian Cornell attributed to the "biggest challenges" Target is hearing from its shoppers: "inflation in food and household essentials."
