Jonathan Wong
The Latest
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Over 427,000 Kia Tellurides Recalled Over Risk of Unintended Movement
Kia has announced a significant recall affecting over 427,000 of its Telluride vehicles across the United States due to a risk that they could inadvertently move while set to park. 
Kia has announced a significant recall affecting over 427,000 of its Telluride vehicles across the United States due to a risk that they could inadvertently move while set to park. -
Ellison's Revelations Seal 25-Year Sentence for FTX Founder Sam Bankman-Fried
FTX founder Sam Bankman-Fried was sentenced to a quarter-century behind bars, concluding one of the most significant fraud cases in the digital asset space. 
FTX founder Sam Bankman-Fried was sentenced to a quarter-century behind bars, concluding one of the most significant fraud cases in the digital asset space. -
Walgreens Takes $5.8B Hit on VillageMD Investment Amid CEO's Focus on Profitability
Walgreens Boots Alliance reported a net loss of $5.9 billion for the quarter ended Feb. 29, primarily due to a $5.8 billion impairment charge on its investment in VillageMD, a cash-burning operator of doctors' clinics. The impairment comes at a time when the pharmacy operator is focusing on improving profitability under new CEO Timothy Wentworth, who announced a $1 billion cost-cutting plan in October. 
Walgreens Boots Alliance reported a net loss of $5.9 billion for the quarter ended Feb. 29, primarily due to a $5.8 billion impairment charge on its investment in VillageMD, a cash-burning operator of doctors' clinics. The impairment comes at a time when the pharmacy operator is focusing on improving profitability under new CEO Timothy Wentworth, who announced a $1 billion cost-cutting plan in October. -
Home Depot to Acquire SRS Distribution in Record $18.25B Deal, Boosting Pro Contractor Business
Home Depot announced on Thursday its plans to acquire SRS Distribution, a specialty materials provider for professional contractors, in a deal valued at approximately $18.25 billion. 
Home Depot announced on Thursday its plans to acquire SRS Distribution, a specialty materials provider for professional contractors, in a deal valued at approximately $18.25 billion. -
Sam Bankman-Fried Faces Sentencing for Multibillion-Dollar FTX Fraud, Prosecutors Seek Up to 50 Years
Sam Bankman-Fried, the disgraced founder of the now-defunct FTX cryptocurrency exchange, is set to face sentencing on Thursday, nearly five months after being found guilty of orchestrating one of the largest white-collar crimes in history. 
Sam Bankman-Fried, the disgraced founder of the now-defunct FTX cryptocurrency exchange, is set to face sentencing on Thursday, nearly five months after being found guilty of orchestrating one of the largest white-collar crimes in history. -
Disney Plus Integrates Hulu, Unveils Enhanced Bundle Offerings and Marketing Push
The Walt Disney Company has officially launched the integration of Hulu within the Disney Plus platform, a strategic move aimed at consolidating its streaming services and enhancing user experience. 
The Walt Disney Company has officially launched the integration of Hulu within the Disney Plus platform, a strategic move aimed at consolidating its streaming services and enhancing user experience. -
Canada Goose Trims Corporate Workforce by 17% Amid Retail Sector Adjustments
Canada Goose, the renowned luxury outerwear brand, has announced a significant reduction in its corporate workforce, cutting approximately 17% of its positions. 
Canada Goose, the renowned luxury outerwear brand, has announced a significant reduction in its corporate workforce, cutting approximately 17% of its positions. -
Trump’s Truth Social Debuts on Nasdaq, Shares Surge 50% Despite Financial Concerns
Former President Donald Trump's social media company, Trump Media & Technology Group (TMTG), made its long-awaited debut on the Nasdaq exchange Tuesday, with shares surging more than 50% in the first minutes of trading under the ticker symbol "DJT." 
Former President Donald Trump's social media company, Trump Media & Technology Group (TMTG), made its long-awaited debut on the Nasdaq exchange Tuesday, with shares surging more than 50% in the first minutes of trading under the ticker symbol "DJT." -
Visa and Mastercard Agree to $30 Billion Settlement, Lowering Credit Card Fees for Merchants
In a landmark antitrust settlement, credit card giants Visa and Mastercard have agreed to pay an estimated $30 billion to limit credit and debit card fees for merchants, potentially leading to lower prices for consumers. The settlement, one of the largest in U.S. history, would resolve claims in a litigation that began in 2005, pending court approval. 
In a landmark antitrust settlement, credit card giants Visa and Mastercard have agreed to pay an estimated $30 billion to limit credit and debit card fees for merchants, potentially leading to lower prices for consumers. The settlement, one of the largest in U.S. history, would resolve claims in a litigation that began in 2005, pending court approval. -
EU Launches Non-Compliance Investigation into Apple, Google, and Meta Under Digital Markets Act
The European Union has launched a non-compliance investigation into the practices of Apple, Meta, Amazon, and Alphabet-the parent company of Google-under its Digital Markets Act (DMA). 
The European Union has launched a non-compliance investigation into the practices of Apple, Meta, Amazon, and Alphabet-the parent company of Google-under its Digital Markets Act (DMA).
