Jonathan Wong
The Latest
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Amazon Refocuses Strategy with Hundreds of Job Cuts in AWS and Retail Tech Units
Amazon has announced the elimination of hundreds of positions within its cloud computing behemoth, Amazon Web Services (AWS), and its retail technology teams. This move, described by the company as part of a broader strategic realignment, aims to streamline operations and focus resources on areas poised for maximum impact. 
Amazon has announced the elimination of hundreds of positions within its cloud computing behemoth, Amazon Web Services (AWS), and its retail technology teams. This move, described by the company as part of a broader strategic realignment, aims to streamline operations and focus resources on areas poised for maximum impact. -
Americans Believe They Need $1.46 Million to Retire Comfortably, but Fall Far Short in Savings: Study
Americans have set an ambitious target for their retirement savings, with a recent study revealing that many believe they should have approximately $1.46 million stashed away to retire comfortably. However, the reality is starkly different, as most Americans, on average, have less than $89,000 saved for their golden years, according to a Northwestern Mutual study released this week. 
Americans have set an ambitious target for their retirement savings, with a recent study revealing that many believe they should have approximately $1.46 million stashed away to retire comfortably. However, the reality is starkly different, as most Americans, on average, have less than $89,000 saved for their golden years, according to a Northwestern Mutual study released this week. -
Disney Triumphs in Board Battle Against Hedge Funds Trian and Blackwells
In a definitive victory for Walt Disney Co., the entertainment conglomerate has successfully secured enough shareholder votes to stave off a board challenge initiated by Nelson Peltz's Trian Fund Management. 
In a definitive victory for Walt Disney Co., the entertainment conglomerate has successfully secured enough shareholder votes to stave off a board challenge initiated by Nelson Peltz's Trian Fund Management. -
SLB Expands Energy Empire with $7.75 Billion ChampionX Acquisition
SLB, the leading oilfield services company formerly known as Schlumberger, has announced a significant expansion with its acquisition of ChampionX, a prominent provider of chemistry solutions and drilling technology, in an all-stock transaction valued at approximately $7.75 billion. 
SLB, the leading oilfield services company formerly known as Schlumberger, has announced a significant expansion with its acquisition of ChampionX, a prominent provider of chemistry solutions and drilling technology, in an all-stock transaction valued at approximately $7.75 billion. -
Tesla's Deliveries Falter, Prompting Stock Plunge and Demand Concerns
Tesla Inc. faced a significant setback in the first quarter of 2024 as its vehicle deliveries dropped by 8.5% compared to the same period last year, sending its shares tumbling down by 7% in premarket trading. 
Tesla Inc. faced a significant setback in the first quarter of 2024 as its vehicle deliveries dropped by 8.5% compared to the same period last year, sending its shares tumbling down by 7% in premarket trading. -
Sam Bankman-Fried Expresses Remorse in First Interview Since 25-Year Sentencing
In an exclusive interview with ABC News, former crypto entrepreneur Sam Bankman-Fried expressed remorse for his actions that led to a 25-year prison sentence for fraud last week. 
In an exclusive interview with ABC News, former crypto entrepreneur Sam Bankman-Fried expressed remorse for his actions that led to a 25-year prison sentence for fraud last week. -
UPS Takes Flight as USPS's New Air Cargo Partner, Edging Out FedEx
The logistics landscape is set for a significant reshuffling as United Parcel Service (UPS) gears up to take over as the United States Postal Service's (USPS) chief air cargo provider, marking the end of FedEx's more than two-decade-long alliance with the postal entity. 
The logistics landscape is set for a significant reshuffling as United Parcel Service (UPS) gears up to take over as the United States Postal Service's (USPS) chief air cargo provider, marking the end of FedEx's more than two-decade-long alliance with the postal entity. -
California's $20 Minimum Wage for Fast-Food Workers Takes Effect, Impacting Half a Million Employees
California's fast-food industry is undergoing a significant shift as a new law raising the minimum wage to $20 an hour for workers at franchises with 60 or more locations nationwide takes effect on Monday. 
California's fast-food industry is undergoing a significant shift as a new law raising the minimum wage to $20 an hour for workers at franchises with 60 or more locations nationwide takes effect on Monday. -
Tesla Surpasses Coinbase in Bitcoin Holdings, Signals Broader Corporate Adoption
Elon Musk's Tesla emerges as one of the top corporate holders of Bitcoin, outpacing even some of the most prominent firms within the digital currency sector. According to the latest data from BitcoinTreasuries.net, Tesla holds an impressive 9,720 Bitcoins, valued at approximately $675.76 million, making it the third-largest known corporate holder of the digital currency. 
Elon Musk's Tesla emerges as one of the top corporate holders of Bitcoin, outpacing even some of the most prominent firms within the digital currency sector. According to the latest data from BitcoinTreasuries.net, Tesla holds an impressive 9,720 Bitcoins, valued at approximately $675.76 million, making it the third-largest known corporate holder of the digital currency. -
Overwhelming Majority Believe Tipping Culture Has Gotten Out of Control, Survey Reveals
A recent survey conducted by WalletHub has revealed that nearly three in four Americans believe tipping culture has gotten out of control, with more than half suspecting that businesses are using customer tips to replace employee salaries. 
A recent survey conducted by WalletHub has revealed that nearly three in four Americans believe tipping culture has gotten out of control, with more than half suspecting that businesses are using customer tips to replace employee salaries.
