Jonathan Wong
The Latest
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Delta Surpasses Q1 Earnings, CEO Optimistic About Travel Demand Surge
Delta Air Lines has surpassed first-quarter earnings expectations, showcasing a robust rebound in both leisure and corporate travel sectors. The airline, under the leadership of CEO Ed Bastian, reported an adjusted net income of $288 million, outpacing the projected $235 million. This financial upturn is buoyed by an adjusted earnings per share of $0.45, exceeding the anticipated $0.36, and a revenue of $12.6 billion against an expected $12.5 billion. 
Delta Air Lines has surpassed first-quarter earnings expectations, showcasing a robust rebound in both leisure and corporate travel sectors. The airline, under the leadership of CEO Ed Bastian, reported an adjusted net income of $288 million, outpacing the projected $235 million. This financial upturn is buoyed by an adjusted earnings per share of $0.45, exceeding the anticipated $0.36, and a revenue of $12.6 billion against an expected $12.5 billion. -
Boeing Faces New FAA Probe Over Whistleblower Claims on 787 and 777 Jets
Boeing is under renewed scrutiny after whistleblower claims raised concerns about the safety and quality of its 787 Dreamliner and 777 aircraft, leading to a Federal Aviation Administration (FAA) investigation. Shares of the aerospace giant dropped to a five-month low, reflecting investors' growing concerns over the potential impact of these allegations on Boeing's operations and reputation. 
Boeing is under renewed scrutiny after whistleblower claims raised concerns about the safety and quality of its 787 Dreamliner and 777 aircraft, leading to a Federal Aviation Administration (FAA) investigation. Shares of the aerospace giant dropped to a five-month low, reflecting investors' growing concerns over the potential impact of these allegations on Boeing's operations and reputation. -
Tesla Settles Autopilot Litigation with Family of Late Apple Engineer
Tesla has reached a settlement in a wrongful death lawsuit with the family of Walter Huang, a former Apple engineer. This lawsuit, stemming from a fatal crash involving Tesla's Autopilot system in March 2018, was on the cusp of trial in a California Superior Court. The terms of the settlement remain undisclosed, sparing the electric vehicle giant from potentially damaging courtroom disclosures. 
Tesla has reached a settlement in a wrongful death lawsuit with the family of Walter Huang, a former Apple engineer. This lawsuit, stemming from a fatal crash involving Tesla's Autopilot system in March 2018, was on the cusp of trial in a California Superior Court. The terms of the settlement remain undisclosed, sparing the electric vehicle giant from potentially damaging courtroom disclosures. -
Hytera Faces Global Sales Ban and Fines in US Court Ruling Over Motorola Dispute
Shares of Hytera Communications experienced a significant downturn, hitting the daily trading limit in Shenzhen following a United States court's decision to impose a global sales ban on the Chinese firm's two-way radio products. 
Shares of Hytera Communications experienced a significant downturn, hitting the daily trading limit in Shenzhen following a United States court's decision to impose a global sales ban on the Chinese firm's two-way radio products. -
Musk Announces August Robotaxi Debut, Aiming to Shift Tesla's Narrative
Elon Musk, Tesla Inc.'s CEO, is gearing up to introduce a robotaxi in August, a move that appears aimed at revitalizing investor interest and reversing the downward trajectory of Tesla's stock. This announcement comes on the heels of a challenging period for the electric vehicle giant, marked by declining share prices and reports of halted plans for a more affordable EV model. 
Elon Musk, Tesla Inc.'s CEO, is gearing up to introduce a robotaxi in August, a move that appears aimed at revitalizing investor interest and reversing the downward trajectory of Tesla's stock. This announcement comes on the heels of a challenging period for the electric vehicle giant, marked by declining share prices and reports of halted plans for a more affordable EV model. -
TSMC to Build Advanced Chip Facilities in Arizona with $6.6 Billion U.S. Funding
The Biden administration has announced a preliminary agreement with Taiwan Semiconductor Manufacturing Company (TSMC), offering up to $6.6 billion in funding for the establishment of cutting-edge fabrication plants in Phoenix, Arizona. 
The Biden administration has announced a preliminary agreement with Taiwan Semiconductor Manufacturing Company (TSMC), offering up to $6.6 billion in funding for the establishment of cutting-edge fabrication plants in Phoenix, Arizona. -
Investigation Launched as Southwest Boeing 737 Loses Engine Cover
A recent incident involving a Southwest Airlines Boeing 737-800 flight from Denver to Houston has raised concerns within the aviation industry. 
A recent incident involving a Southwest Airlines Boeing 737-800 flight from Denver to Houston has raised concerns within the aviation industry. -
Walmart Shoppers Eligible for Up to $500 in Settlement Over Alleged Overcharging: How to Claim?
Walmart shoppers who have purchased produce or packaged meat from the retail giant in the past five years may be eligible for up to $500 as part of a class-action settlement. The $45 million settlement resolves allegations that Walmart overcharged customers for sold-by-weight products, including packaged meat and certain bagged citrus, according to legal documents. 
Walmart shoppers who have purchased produce or packaged meat from the retail giant in the past five years may be eligible for up to $500 as part of a class-action settlement. The $45 million settlement resolves allegations that Walmart overcharged customers for sold-by-weight products, including packaged meat and certain bagged citrus, according to legal documents. -
Johnson & Johnson Boosts Cardiac Portfolio with $13.1 Billion Shockwave Medical Acquisition
Johnson & Johnson (J&J), a leading healthcare conglomerate, recently announced a significant expansion of its medical device portfolio with the acquisition of Shockwave Medical for an impressive sum of $13.1 billion. 
Johnson & Johnson (J&J), a leading healthcare conglomerate, recently announced a significant expansion of its medical device portfolio with the acquisition of Shockwave Medical for an impressive sum of $13.1 billion. -
Ford Delays Electric SUV and Truck Launches, Prioritizes Hybrid Expansion
Ford Motor Company has announced strategic alterations to its electric vehicle (EV) production timeline, indicating a shift towards a more hybrid-focused approach across its North American lineup by 2030. 
Ford Motor Company has announced strategic alterations to its electric vehicle (EV) production timeline, indicating a shift towards a more hybrid-focused approach across its North American lineup by 2030.
