Jonathan Wong
The Latest
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WBD Adds 6.4 Million Max Subscribers, Expects Streaming Profits to Hit $1.3 Billion in 2025
Warner Bros. Discovery (WBD) reported a 10% rise in annual streaming profits and projected a doubling of its streaming profitability by 2025, driven by global expansion and tighter cost controls. 
Warner Bros. Discovery (WBD) reported a 10% rise in annual streaming profits and projected a doubling of its streaming profitability by 2025, driven by global expansion and tighter cost controls. -
Eli Lilly Commits $27 Billion to U.S. Manufacturing as Trump Pressures Industry on Tariffs
Eli Lilly announced plans Wednesday to invest at least $27 billion in building four new manufacturing plants in the United States, significantly expanding its domestic production capabilities as demand surges for its weight loss and diabetes treatments. The move brings the company's total U.S. manufacturing investments to more than $50 billion in recent years and aligns with the Trump administration's push to reshore pharmaceutical production. 
Eli Lilly announced plans Wednesday to invest at least $27 billion in building four new manufacturing plants in the United States, significantly expanding its domestic production capabilities as demand surges for its weight loss and diabetes treatments. The move brings the company's total U.S. manufacturing investments to more than $50 billion in recent years and aligns with the Trump administration's push to reshore pharmaceutical production. -
Trump Pressures Apple to Drop DEI Policies After Shareholder Vote Rejects Ban
President Donald Trump called on Apple to eliminate its diversity, equity, and inclusion (DEI) policies on Wednesday, escalating his administration's push against corporate DEI initiatives. His demand followed a shareholder vote at Apple's annual meeting the previous day, where investors overwhelmingly rejected a proposal to end the company's diversity programs. 
President Donald Trump called on Apple to eliminate its diversity, equity, and inclusion (DEI) policies on Wednesday, escalating his administration's push against corporate DEI initiatives. His demand followed a shareholder vote at Apple's annual meeting the previous day, where investors overwhelmingly rejected a proposal to end the company's diversity programs. -
Super Micro Stock Jumps After Meeting Nasdaq Deadline, Avoiding Delisting
Super Micro Computer Inc. shares surged 26% in pre-market trading Wednesday after the company filed its long-delayed audited financial statements with the U.S. Securities and Exchange Commission (SEC), narrowly avoiding a Nasdaq delisting threat. The move restores compliance with the exchange's reporting requirements and eases investor concerns that had weighed on the stock in recent months. 
Super Micro Computer Inc. shares surged 26% in pre-market trading Wednesday after the company filed its long-delayed audited financial statements with the U.S. Securities and Exchange Commission (SEC), narrowly avoiding a Nasdaq delisting threat. The move restores compliance with the exchange's reporting requirements and eases investor concerns that had weighed on the stock in recent months. -
BP Abandons Green Goals, Commits $10 Billion to Oil and Gas Expansion
BP announced Wednesday that it will increase annual investments in oil and gas to $10 billion through 2027, marking a significant shift away from its previous climate commitments. The company also plans to cut capital expenditures and divest $20 billion in assets by the end of 2027, reinforcing a renewed focus on traditional energy production. 
BP announced Wednesday that it will increase annual investments in oil and gas to $10 billion through 2027, marking a significant shift away from its previous climate commitments. The company also plans to cut capital expenditures and divest $20 billion in assets by the end of 2027, reinforcing a renewed focus on traditional energy production. -
Apple Shareholders Reject Proposal to Eliminate DEI Program Amid Political Pressure
Apple shareholders on Tuesday overwhelmingly rejected a proposal to eliminate the company's Diversity, Equity, and Inclusion (DEI) program, reaffirming the technology giant's commitment to its workplace policies despite growing political and legal scrutiny. The proposal, submitted by the National Center for Public Policy Research (NCPPR), a conservative think tank, called on Apple to abandon DEI, arguing that such programs create compliance risks and could harm shareholder value. 
Apple shareholders on Tuesday overwhelmingly rejected a proposal to eliminate the company's Diversity, Equity, and Inclusion (DEI) program, reaffirming the technology giant's commitment to its workplace policies despite growing political and legal scrutiny. The proposal, submitted by the National Center for Public Policy Research (NCPPR), a conservative think tank, called on Apple to abandon DEI, arguing that such programs create compliance risks and could harm shareholder value. -
Delta Flight Makes Emergency Return as Smoke Fills Cabin, FAA Investigates
A Delta Air Lines flight bound for Columbia, South Carolina, was forced to return to Atlanta's Hartsfield-Jackson International Airport on Monday morning after the crew reported smoke in the cabin. The Boeing 717, operating as Flight 876, was in the air for just over 10 minutes before making an emergency landing. 
A Delta Air Lines flight bound for Columbia, South Carolina, was forced to return to Atlanta's Hartsfield-Jackson International Airport on Monday morning after the crew reported smoke in the cabin. The Boeing 717, operating as Flight 876, was in the air for just over 10 minutes before making an emergency landing. -
Just Eat Takeaway Sold for $4.3 Billion as Pandemic-Era Boom Collapses
Just Eat Takeaway.com, one of Europe's largest food delivery firms, is set to be acquired by Dutch technology investor Prosus in a $4.3 billion all-cash deal, marking a significant shift in the industry as companies struggle with post-pandemic demand fluctuations. The offer values Just Eat shares at 20.3 euros each, representing a 63% premium compared to its closing price on Friday. 
Just Eat Takeaway.com, one of Europe's largest food delivery firms, is set to be acquired by Dutch technology investor Prosus in a $4.3 billion all-cash deal, marking a significant shift in the industry as companies struggle with post-pandemic demand fluctuations. The offer values Just Eat shares at 20.3 euros each, representing a 63% premium compared to its closing price on Friday. -
Starbucks to Cut 1,100 Corporate Jobs as CEO Struggles to Revive Sales
Starbucks Corp. will lay off 1,100 corporate employees this week as CEO Brian Niccol seeks to streamline operations and reverse declining sales, according to an internal memo obtained by Yahoo Finance. The job cuts, which do not affect store employees, are part of a broader effort to eliminate redundancies and create a more agile corporate structure, the company said. 
Starbucks Corp. will lay off 1,100 corporate employees this week as CEO Brian Niccol seeks to streamline operations and reverse declining sales, according to an internal memo obtained by Yahoo Finance. The job cuts, which do not affect store employees, are part of a broader effort to eliminate redundancies and create a more agile corporate structure, the company said. -
Apple to Invest $500 Billion in U.S. Expansion with 20,000 New Jobs as Trump Tariffs Take Effect
Apple announced Monday it will invest $500 billion in expanding its U.S. operations over the next four years, a move that comes as the company faces new import tariffs on Chinese goods imposed by the Trump administration. The investment, which Apple says will create 20,000 jobs, includes the construction of a new artificial intelligence (AI) server manufacturing facility in Texas, the expansion of data centers across multiple states, and increased research and development efforts in the U.S. 
Apple announced Monday it will invest $500 billion in expanding its U.S. operations over the next four years, a move that comes as the company faces new import tariffs on Chinese goods imposed by the Trump administration. The investment, which Apple says will create 20,000 jobs, includes the construction of a new artificial intelligence (AI) server manufacturing facility in Texas, the expansion of data centers across multiple states, and increased research and development efforts in the U.S.
