Jonathan Wong
The Latest
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Wayfair Cuts 13% of Staff Following CEO's Call for Harder Work
Wayfair, a leading e-commerce home goods retailer, is set to reduce its global workforce by approximately 13%, affecting around 1,650 employees. This move is part of the company's broader strategy to navigate through an economically challenging period, as it seeks to save more than $280 million annually. 
Wayfair, a leading e-commerce home goods retailer, is set to reduce its global workforce by approximately 13%, affecting around 1,650 employees. This move is part of the company's broader strategy to navigate through an economically challenging period, as it seeks to save more than $280 million annually. -
Macy's Announces Major Layoffs and Store Closures in Strategic Overhaul
Macy's, one of America's iconic department store chains, has announced sweeping changes that will see the layoff of approximately 13% of its corporate staff, translating to roughly 2,350 positions. 
Macy's, one of America's iconic department store chains, has announced sweeping changes that will see the layoff of approximately 13% of its corporate staff, translating to roughly 2,350 positions. -
Apple Stock Upgraded to 'Buy' by BofA: Vision Pro and AI Innovations Fuel Optimism
Apple Inc. (AAPL) received a crucial endorsement from Bank of America (BofA), with analyst Wamsi Mohan upgrading the tech giant's stock from Neutral to Buy and raising the price target from $208 to $225. This upgrade, a departure from the recent series of downgrades by Wall Street analysts, propelled Apple's shares up nearly 3% by midday Thursday. 
Apple Inc. (AAPL) received a crucial endorsement from Bank of America (BofA), with analyst Wamsi Mohan upgrading the tech giant's stock from Neutral to Buy and raising the price target from $208 to $225. This upgrade, a departure from the recent series of downgrades by Wall Street analysts, propelled Apple's shares up nearly 3% by midday Thursday. -
Nelson Peltz Aims for Disney Board, Proposes Strategic Reforms
activist investor Nelson Peltz, through his Trian Fund Management, is mounting a high-profile proxy fight. Peltz is pushing for a seat on Disney's board, alongside former Disney CFO Jay Rasulo. This campaign marks a critical juncture for the entertainment giant as it navigates through a complex business landscape. 
activist investor Nelson Peltz, through his Trian Fund Management, is mounting a high-profile proxy fight. Peltz is pushing for a seat on Disney's board, alongside former Disney CFO Jay Rasulo. This campaign marks a critical juncture for the entertainment giant as it navigates through a complex business landscape. -
Coinbase Fights SEC Lawsuit Over Crypto Securities Classification
Coinbase, one of the world's leading crypto exchanges, is locked in a legal battle with the U.S. Securities and Exchange Commission (SEC). The suit, filed by the SEC in June 2023, alleges that Coinbase operated without proper registration, offering crypto trading and staking services that the regulatory agency deems as securities. 
Coinbase, one of the world's leading crypto exchanges, is locked in a legal battle with the U.S. Securities and Exchange Commission (SEC). The suit, filed by the SEC in June 2023, alleges that Coinbase operated without proper registration, offering crypto trading and staking services that the regulatory agency deems as securities. -
Sandberg's Meta Board Exit: Focus Shifts to Philanthropy and Advisory Role
Sandberg's departure, announced in a heartfelt Facebook post, comes after a storied tenure spanning over a decade, during which she played a pivotal role in shaping the social media giant. 
Sandberg's departure, announced in a heartfelt Facebook post, comes after a storied tenure spanning over a decade, during which she played a pivotal role in shaping the social media giant. -
FAA Intensifies Boeing Probe After Alaska Airlines Incident
The Federal Aviation Administration (FAA) has broadened its investigation into Boeing following a midair emergency on an Alaska Airlines 737 Max 9 flight. This expansion includes an examination of Boeing's subcontractor, Spirit AeroSystems, amid heightened scrutiny of the aerospace giant's manufacturing practices and quality assurance processes. 
The Federal Aviation Administration (FAA) has broadened its investigation into Boeing following a midair emergency on an Alaska Airlines 737 Max 9 flight. This expansion includes an examination of Boeing's subcontractor, Spirit AeroSystems, amid heightened scrutiny of the aerospace giant's manufacturing practices and quality assurance processes. -
Apple Faces Renewed Ban on Advanced Apple Watch Models Amid Patent Dispute
The U.S. Court of Appeals for the Federal Circuit has reinstated a ban on the importation of advanced models of the Apple Watch, including the Apple Watch Series 9 and Apple Watch Ultra 2. 
The U.S. Court of Appeals for the Federal Circuit has reinstated a ban on the importation of advanced models of the Apple Watch, including the Apple Watch Series 9 and Apple Watch Ultra 2. -
Coinbase Takes Central Role in Bitcoin ETF Debut Amid Rising Regulatory and Market Risks
While Coinbase stands to benefit from Bitcoin's entry into mainstream markets, these arrangements have highlighted concerns about Coinbase being seen as a potential risk focal point. Additionally, the emergence of a range of funds offering Bitcoin investment tools at lower fees poses another threat to Coinbase's core trading platform revenue. While Coinbase stands to benefit from Bitcoin's entry into mainstream markets, these arrangements have highlighted concerns about Coinbase being seen as a potential risk focal point. Additionally, the emergence of a range of funds offering Bitcoin investment tools at lower fees poses another threat to Coinbase's core trading platform revenue. -
Goldman Sachs Surges in Q4 Earnings, Outshines Wall Street Predictions
The company announced a 51% increase in profit from the previous year, reaching just over $2 billion, with revenues of $11.3 billion and earnings per share of $5.48. These figures notably exceeded analysts' expectations of $10.8 billion in revenue and $3.62 earnings per share, as surveyed by FactSet. 
The company announced a 51% increase in profit from the previous year, reaching just over $2 billion, with revenues of $11.3 billion and earnings per share of $5.48. These figures notably exceeded analysts' expectations of $10.8 billion in revenue and $3.62 earnings per share, as surveyed by FactSet.
