Jonathan Wong
The Latest
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Forex Bank Strategist Warns of Potential 2024 'Black Swan' in US Tech Bubble Burst
As 2023 draws to a close, a report from Albert Edwards, a global strategist at Societe Generale known as the "Forex Bank Bear," is sounding the alarm on potential upheavals that could shock the global financial markets in 2024. 
As 2023 draws to a close, a report from Albert Edwards, a global strategist at Societe Generale known as the "Forex Bank Bear," is sounding the alarm on potential upheavals that could shock the global financial markets in 2024. -
Nike's Turnaround Tactic Amid Stock Dip $2 Billion in Cost-Cuts and Sweeping Layoffs
After reporting a mere 1% growth in its sales outlook and experiencing a 10% stock price dip in after-hours trading, the company has unveiled a bold $2 billion cost-cutting plan over the next three years. This initiative reflects Nike's commitment to streamline operations, innovate product lines, and enhance overall efficiency. 
After reporting a mere 1% growth in its sales outlook and experiencing a 10% stock price dip in after-hours trading, the company has unveiled a bold $2 billion cost-cutting plan over the next three years. This initiative reflects Nike's commitment to streamline operations, innovate product lines, and enhance overall efficiency. -
Keep's Market Value Plummets Over a Third, Revenue Growth Fails to Offset Losses
Keep, known as the "first sports tech stock," has seen its share price fall again. As of December 21, 2023, Beijing time, Keep's share price plummeted from the initial public offering price of HK$28.92 to HK$15.44, a drop of over 40%, evaporating about HK$7 billion in market value since its listing, shrinking by more than one-third. 
Keep, known as the "first sports tech stock," has seen its share price fall again. As of December 21, 2023, Beijing time, Keep's share price plummeted from the initial public offering price of HK$28.92 to HK$15.44, a drop of over 40%, evaporating about HK$7 billion in market value since its listing, shrinking by more than one-third. -
French Pharma Giant Sanofi Fined €430 Million Over Diabetes Drug Misuse Leading to Over 500 Deaths
On December 20, the Paris Court of Appeals in France upheld a verdict against the pharmaceutical giant Sanofi for "serious fraud" and "involuntary manslaughter," imposing a fine totaling over €430 million, approximately 3.36 billion yuan. 
On December 20, the Paris Court of Appeals in France upheld a verdict against the pharmaceutical giant Sanofi for "serious fraud" and "involuntary manslaughter," imposing a fine totaling over €430 million, approximately 3.36 billion yuan. -
Tesla Outpaces BYD in Price Cuts but Not in Market Share, Analysts Say
The escalating price war in the new energy vehicle sector has major automakers, including Tesla and BYD, slashing prices to capture market share. However, despite Tesla's larger price cuts compared to BYD's flagship model Han, both companies ended up with an equal market share in the third quarter. 
The escalating price war in the new energy vehicle sector has major automakers, including Tesla and BYD, slashing prices to capture market share. However, despite Tesla's larger price cuts compared to BYD's flagship model Han, both companies ended up with an equal market share in the third quarter. -
End of an Era: Toshiba Bids Farewell to Stock Exchange After 74 Years
Toshiba Corporation, a long-standing giant in Japan's tech industry, marked a historic shift as it was delisted from the Tokyo Stock Exchange after 74 years. The move followed a tumultuous decade of scandals and upheaval, culminating in a $14 billion buyout by a consortium led by Japan Industrial Partners (JIP). 
Toshiba Corporation, a long-standing giant in Japan's tech industry, marked a historic shift as it was delisted from the Tokyo Stock Exchange after 74 years. The move followed a tumultuous decade of scandals and upheaval, culminating in a $14 billion buyout by a consortium led by Japan Industrial Partners (JIP). -
Global Supply Chain Tensions Persist: Maersk to Reroute Ships Around Africa, Avoiding the Red Sea
Amid heightened security concerns, Maersk, the operator of the world's second-largest container ship fleet, announced a change in its shipping route, opting to circumnavigate the Cape of Good Hope instead of passing through the Red Sea. This decision will likely increase shipping costs and delay delivery times. 
Amid heightened security concerns, Maersk, the operator of the world's second-largest container ship fleet, announced a change in its shipping route, opting to circumnavigate the Cape of Good Hope instead of passing through the Red Sea. This decision will likely increase shipping costs and delay delivery times. -
LVMH Fund Invests in Chinese Beauty Brand Blankme's Parent Company, Signaling Confidence in the Industry
L Catterton, the private equity fund of LVMH Group, has made another investment in a Chinese company, this time in the parent company of Blankme, a domestic makeup brand specializing in base makeup products. 
L Catterton, the private equity fund of LVMH Group, has made another investment in a Chinese company, this time in the parent company of Blankme, a domestic makeup brand specializing in base makeup products. -
U.S. Inflation Eases, Thanks Largely to Slowing Rent Increases
The battle against inflation in the United States is approaching its final phase, with housing costs, which account for 35% of the Consumer Price Index (CPI), posing the biggest challenge. The future trend of rent is crucial in reducing inflation, as housing costs in the CPI are primarily based on rent, according to the U.S. Bureau of Labor Statistics. 
The battle against inflation in the United States is approaching its final phase, with housing costs, which account for 35% of the Consumer Price Index (CPI), posing the biggest challenge. The future trend of rent is crucial in reducing inflation, as housing costs in the CPI are primarily based on rent, according to the U.S. Bureau of Labor Statistics. -
Apple Reaches $25 Million Settlement in Family Sharing Lawsuit
Apple Inc. has agreed to settle a class action lawsuit related to its Family Sharing feature, committing $25 million to resolve accusations of misleading customers. The lawsuit, initiated in 2019, alleged that Apple falsely represented how subscriptions for third-party apps worked under its Family Sharing functionality. 
Apple Inc. has agreed to settle a class action lawsuit related to its Family Sharing feature, committing $25 million to resolve accusations of misleading customers. The lawsuit, initiated in 2019, alleged that Apple falsely represented how subscriptions for third-party apps worked under its Family Sharing functionality.
