Jonathan Wong
The Latest
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Kering Shares Tumble Amid Gucci Sales Slump and Asian Market Woes
Kering, the French luxury conglomerate and owner of the prestigious Gucci brand, experienced a significant 14% drop in its stock value following a profit warning that projected a stark 20% decline in Gucci's first-quarter sales year-on-year, primarily due to weakening transactions in Asia. 
Kering, the French luxury conglomerate and owner of the prestigious Gucci brand, experienced a significant 14% drop in its stock value following a profit warning that projected a stark 20% decline in Gucci's first-quarter sales year-on-year, primarily due to weakening transactions in Asia. -
Texas Schools Pull $8.5 Billion from BlackRock Amid Accusations of Fossil Fuel Boycott
The Texas Permanent School Fund (PSF) announced on Tuesday that it is terminating its contract and pulling $8.5 billion in state money from BlackRock. 
The Texas Permanent School Fund (PSF) announced on Tuesday that it is terminating its contract and pulling $8.5 billion in state money from BlackRock. -
MacKenzie Scott Donates $640 Million to 361 Nonprofits Through Open Call Process
Billionaire philanthropist and Amazon co-founder MacKenzie Scott has donated $640 million to 361 nonprofit organizations through an open call process managed by her organization, Yield Giving. 
Billionaire philanthropist and Amazon co-founder MacKenzie Scott has donated $640 million to 361 nonprofit organizations through an open call process managed by her organization, Yield Giving. -
Unilever to Spin Off Ice Cream Business with 7,500 Job Cuts, Including Ben & Jerry's, in Strategic Overhaul
Unilever, one of the world's largest consumer goods companies, has announced plans to spin off its ice cream business, which includes popular brands such as Magnum, Ben & Jerry's, Cornetto, and Kwality Wall's. The decision, which is part of a broader strategic overhaul, was welcomed by investors, sending the company's shares up nearly 6% at one point on Tuesday. 
Unilever, one of the world's largest consumer goods companies, has announced plans to spin off its ice cream business, which includes popular brands such as Magnum, Ben & Jerry's, Cornetto, and Kwality Wall's. The decision, which is part of a broader strategic overhaul, was welcomed by investors, sending the company's shares up nearly 6% at one point on Tuesday. -
UAW Announces Major Milestone in Organizing Drive at Volkswagen's Chattanooga Plant
Volkswagen workers at the company's Chattanooga, Tennessee plant have filed a petition with the National Labor Relations Board for a vote to join the United Auto Workers (UAW). 
Volkswagen workers at the company's Chattanooga, Tennessee plant have filed a petition with the National Labor Relations Board for a vote to join the United Auto Workers (UAW). -
United Airlines CEO Addresses Safety Concerns Amid Series of Incidents Involving Boeing Jets
United Airlines CEO Scott Kirby has issued a statement to customers in an effort to allay concerns about the carrier's safety following a string of incidents involving its Boeing jets in recent weeks. In his email, Kirby emphasized that safety is the airline's "highest priority" and is "at the center of everything we do." 
United Airlines CEO Scott Kirby has issued a statement to customers in an effort to allay concerns about the carrier's safety following a string of incidents involving its Boeing jets in recent weeks. In his email, Kirby emphasized that safety is the airline's "highest priority" and is "at the center of everything we do." -
U.S. Steel Sale to Nippon Steel Faces Antitrust Scrutiny and Political Opposition
The proposed $14.1 billion sale of U.S. Steel to its Japanese rival Nippon Steel has encountered a new hurdle as the Justice Department scrutinizes the deal over potential antitrust concerns. 
The proposed $14.1 billion sale of U.S. Steel to its Japanese rival Nippon Steel has encountered a new hurdle as the Justice Department scrutinizes the deal over potential antitrust concerns. -
Uber and Lyft Threaten Minneapolis Departure in Minimum Wage Law Standoff
Uber and Lyft have announced plans to suspend their services in Minneapolis, marking a significant clash between the ride-hailing giants and city leadership. 
Uber and Lyft have announced plans to suspend their services in Minneapolis, marking a significant clash between the ride-hailing giants and city leadership. -
Mega Millions Jackpot Soars to $875 Million with No Winners in Latest Draw
The Mega Millions jackpot has surged to an eye-watering $875 million, making it one of the largest in the history of the game, after no players managed to clinch the grand prize in Friday's draw. The anticipation continues to build, with hopeful participants setting their sights on the next drawing, slated for Tuesday. 
The Mega Millions jackpot has surged to an eye-watering $875 million, making it one of the largest in the history of the game, after no players managed to clinch the grand prize in Friday's draw. The anticipation continues to build, with hopeful participants setting their sights on the next drawing, slated for Tuesday. -
Reddit Discloses FTC Investigation into AI Data Deals Ahead of Anticipated IPO
Reddit, the popular social media platform, disclosed on Friday that it had received a letter from the Federal Trade Commission (FTC) regarding a non-public inquiry into the company's data-licensing practices related to the training of artificial intelligence systems. 
Reddit, the popular social media platform, disclosed on Friday that it had received a letter from the Federal Trade Commission (FTC) regarding a non-public inquiry into the company's data-licensing practices related to the training of artificial intelligence systems.
