Jonathan Wong
The Latest
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Macy’s Delays Earnings Release After $154 Million Accounting Scandal
Macy's Inc. has delayed its third-quarter earnings report after uncovering an internal accounting issue involving as much as $154 million in hidden expenses. The discrepancy, which the company attributed to a single employee, has prompted an independent investigation and raised questions about oversight within the iconic retailer's financial processes. 
Macy's Inc. has delayed its third-quarter earnings report after uncovering an internal accounting issue involving as much as $154 million in hidden expenses. The discrepancy, which the company attributed to a single employee, has prompted an independent investigation and raised questions about oversight within the iconic retailer's financial processes. -
JPMorgan Under Federal Investigation for Alleged Links to Iranian Oil Trader’s Hedge Fund
JPMorgan Chase & Co. is under investigation by the U.S. Treasury Department for its relationship with Ocean Leonid Investments Ltd., a hedge fund reportedly linked to Iranian oil trader Hossein Shamkhani. 
JPMorgan Chase & Co. is under investigation by the U.S. Treasury Department for its relationship with Ocean Leonid Investments Ltd., a hedge fund reportedly linked to Iranian oil trader Hossein Shamkhani. -
Exxon Mobil Invests $200 Million to Expand Advanced Plastic Recycling
Exxon Mobil Corp. has announced a $200 million investment to significantly expand its advanced plastic recycling capacity in Texas, marking a major step in its effort to address the global plastic waste crisis. The initiative comes as the company faces a lawsuit from California accusing it of misleading the public about the efficacy of recycling in tackling the growing plastic pollution problem. 
Exxon Mobil Corp. has announced a $200 million investment to significantly expand its advanced plastic recycling capacity in Texas, marking a major step in its effort to address the global plastic waste crisis. The initiative comes as the company faces a lawsuit from California accusing it of misleading the public about the efficacy of recycling in tackling the growing plastic pollution problem. -
Delta CEO Ed Bastian Critiques ‘Overreach’ in Aviation Rules, Looks to Trump’s Deregulation
Delta Air Lines CEO Ed Bastian has expressed optimism about the incoming Trump administration, describing its regulatory approach as a potential "breath of fresh air" for the airline industry. Speaking ahead of Delta's investor day in Atlanta, Bastian pointed to the administration's promise to reform federal oversight and reduce what he characterized as excessive government intervention under President Joe Biden. 
Delta Air Lines CEO Ed Bastian has expressed optimism about the incoming Trump administration, describing its regulatory approach as a potential "breath of fresh air" for the airline industry. Speaking ahead of Delta's investor day in Atlanta, Bastian pointed to the administration's promise to reform federal oversight and reduce what he characterized as excessive government intervention under President Joe Biden. -
Target Misses Earnings Expectations, Warns of Weak Holiday Sales, Shares Drop 15%
Target Corporation is facing a turbulent financial outlook as the retailer reported disappointing third-quarter results and issued a cautious forecast for the upcoming holiday shopping season. The company's stock tumbled nearly 15% in early trading Wednesday, reflecting investor concerns over declining profit margins, supply chain challenges, and a strained consumer base. 
Target Corporation is facing a turbulent financial outlook as the retailer reported disappointing third-quarter results and issued a cautious forecast for the upcoming holiday shopping season. The company's stock tumbled nearly 15% in early trading Wednesday, reflecting investor concerns over declining profit margins, supply chain challenges, and a strained consumer base. -
Comcast to Spin Off MSNBC, CNBC, and Other Cable Channels into Separate Company
Comcast Corporation is set to spin off a major portion of its cable television networks, including prominent channels such as MSNBC and CNBC, into a separate publicly traded company. The move, expected to be officially announced on Wednesday, comes as the media giant pivots to adapt to shifting industry dynamics driven by the rapid growth of streaming services. The Wall Street Journal was the first to report the plan, citing sources with knowledge of the decision. 
Comcast Corporation is set to spin off a major portion of its cable television networks, including prominent channels such as MSNBC and CNBC, into a separate publicly traded company. The move, expected to be officially announced on Wednesday, comes as the media giant pivots to adapt to shifting industry dynamics driven by the rapid growth of streaming services. The Wall Street Journal was the first to report the plan, citing sources with knowledge of the decision. -
Jersey Mike’s Subs Secures $8 Billion Blackstone Deal to Fuel Global Expansion
Blackstone announced Tuesday that it has acquired a majority stake in Jersey Mike's Subs, valuing the fast-growing sandwich chain at approximately $8 billion. The investment is set to accelerate Jersey Mike's expansion, bolstering its technological capabilities and fueling plans for a broader global footprint. 
Blackstone announced Tuesday that it has acquired a majority stake in Jersey Mike's Subs, valuing the fast-growing sandwich chain at approximately $8 billion. The investment is set to accelerate Jersey Mike's expansion, bolstering its technological capabilities and fueling plans for a broader global footprint. -
Walmart Gains Ground with High-Income Shoppers, Boosts Holiday Sales Outlook
Walmart has raised its annual sales and profit forecast for the third consecutive time, reflecting the retailer's confidence ahead of the crucial holiday shopping season. The world's largest retailer announced Tuesday that its U.S. same-store sales rose by 5.3% for the quarter ending October 31, beating Wall Street expectations and signaling strong momentum heading into the holidays. 
Walmart has raised its annual sales and profit forecast for the third consecutive time, reflecting the retailer's confidence ahead of the crucial holiday shopping season. The world's largest retailer announced Tuesday that its U.S. same-store sales rose by 5.3% for the quarter ending October 31, beating Wall Street expectations and signaling strong momentum heading into the holidays. -
Tesla Stock Surges as Trump Administration Plans Federal Framework for Self-Driving Cars
Tesla shares surged more than 6% in premarket trading on Monday following reports that President-elect Donald Trump's incoming administration intends to prioritize a federal regulatory framework for self-driving vehicles. 
Tesla shares surged more than 6% in premarket trading on Monday following reports that President-elect Donald Trump's incoming administration intends to prioritize a federal regulatory framework for self-driving vehicles. -
Spirit Airlines Files for Chapter 11 Bankruptcy
Spirit Airlines, the ultra-low-cost carrier known for its budget-friendly travel options, announced on Monday that it has filed for Chapter 11 bankruptcy protection as it grapples with significant financial challenges. The Dania Beach, Florida-based airline cited mounting debt, persistent losses, and the fallout from a failed merger with JetBlue earlier this year as key drivers of its decision. Despite the filing, Spirit assured customers that ticket sales and operations will continue uninterrupted, including during the upcoming Thanksgiving holiday travel surge. 
Spirit Airlines, the ultra-low-cost carrier known for its budget-friendly travel options, announced on Monday that it has filed for Chapter 11 bankruptcy protection as it grapples with significant financial challenges. The Dania Beach, Florida-based airline cited mounting debt, persistent losses, and the fallout from a failed merger with JetBlue earlier this year as key drivers of its decision. Despite the filing, Spirit assured customers that ticket sales and operations will continue uninterrupted, including during the upcoming Thanksgiving holiday travel surge.
